Common use of VACATIONS Clause in Contracts

VACATIONS. During the Term, the Executive shall be entitled to four weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled to a vacation of four (4) weeks of vacation per calendar year, to be taken at such times and intervals as during which period his salary shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timepaid in full. The Executive shall take his vacation at such time or times as the Executive and the Corporation shall determine is mutually convenient. Any vacation not be entitled taken in one (1) year shall not accrue, provided that if vacation is not taken due to compensation for the Corporation’s business necessities, up to two (2) weeks’ vacation time not takenmay carry over to the subsequent year.

VACATIONS. During the Term, the Executive shall be entitled to earn vacation at the rate of four (4) weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over Vacation shall otherwise be governed by the policies of the Company, as in effect from one calendar year time to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled to a vacation of four (4) weeks of vacation per calendar year, to be taken at such times and intervals as during which period his salary shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timepaid in full. The Executive shall take his vacation at such time or times as the Executive and the Corporation shall determine is mutually convenient. Any vacation not be entitled taken in one (1) year shall not accrue, provided that if vacation is not taken due to compensation for the Corporation's business necessities, up to two (2) weeks' vacation time not takenmay carry over to the subsequent year.

VACATIONS. During the Termterm hereof, the Executive shall be entitled to four (4) weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company and such scheduling procedure as the Company may from time to time require. Vacation shall otherwise be governed by the policies of the Company. The Executive may not accumulate or carry over , as in effect from one calendar year time to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Termterm hereof, the Executive shall will be entitled to four (4) weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company and with the approval of the Board or a committee thereof. Vacation shall otherwise be governed by the policies of the Company. The Executive may not accumulate or carry over , as in effect from one calendar year time to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the Executive shall be entitled each year to four weeks paid vacation of vacation per calendar year, to 4 weeks. Vacation shall be taken by Executive at a time and with starting and ending dates mutually convenient to Employer and Executive. Vacation or portions of vacations not used in one employment year shall expire if not used within such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenyear.

VACATIONS. During the Term, the Executive shall be entitled each year to a vacation of four weeks (4) weeks, during which time his compensation shall be paid in full. Vacation time accrued during each calendar year must be used by the end of vacation per each calendar year, to or will be taken at such times lost, and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may will not accumulate or carry over accrue from one calendar year to another any unused, accrued vacation timethe next. The Executive shall not Exceptions to the foregoing non-accrual policy may be entitled to provided under terms and conditions approved in writing by resolution of the Board of Directors or its compensation for vacation time not takencommittee in such body's sole discretion based on prolonged extra-ordinary work demands preventing Executive's timely taking vacation.

VACATIONS. During the Term, the The Executive shall be entitled each year to four weeks of vacation per calendar year, time during which vacation the Executive shall continue to receive the compensation provided in paragraph 3 hereof. Each vacation shall be taken by the Executive at such time or times as the Executive reasonably determines, taking into account Executive's duties as set forth in Section 2 hereof and intervals as shall be determined by the Executive, subject to the reasonable Carnegie's business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another at any unused, accrued vacation particular time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the Executive shall be entitled each year during the term hereof to a paid vacation of at least four weeks of vacation per calendar year, to (4) weeks. Vacation shall be taken by Executive at such times a time and intervals as shall be determined by the Executive, subject with starting and ending dates mutually convenient to the reasonable business needs Company and Executive. Vacation or portions of the Company. The Executive may vacations not accumulate or used in one employment year shall not carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenthe succeeding employment year.

VACATIONS. During the Term, the Executive shall be entitled to a vacation of four (4) weeks during each twelve month period of employment, provided, however, that Executive’s vacation shall be scheduled at such times as shall least interfere with the Company’s business and shall otherwise be in accordance with policies established by the Board. Fifty percent (50%) of any unused vacation from a calendar year may be carried over and applied to the following calendar year; provided, that, no more than four (4) weeks of vacation per calendar year, to may be taken accrued and unused at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from any one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled to at least four weeks of (4) weeks’ vacation per in each calendar year, to be taken at such times together with leave of absence and intervals as shall be determined by leave for illness or temporary disability in accordance with the Executive, subject to the reasonable business needs policies of the Company. The Company in effect from time to time; provided, however, in no event shall the Executive may not accumulate or carry over be permitted to carryover unused vacation time from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenyear.

VACATIONS. During the Term, the Executive shall be entitled to four (4) weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs with pay during each year of the CompanyEmployment Term. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive Vacations shall not be taken in a manner which will unreasonably interfere with Executive’s duties hereunder. Executive shall also be entitled to compensation for vacation time not takenall paid holidays and personal days given by the Company to its senior executives.

VACATIONS. During the Termterm hereof, the Executive shall be entitled to four (4) weeks of vacation per calendar yearannum, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one (1) calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled to four not less than three (3) weeks of paid vacation per in any calendar year, to year (prorated in any Year during which the Executive is employed hereunder for less than the entire Year). Such vacation shall be taken at such times and intervals as shall be determined by the Executive, subject to are consistent with the reasonable business needs of the Company. The Executive Any vacation not taken during the year may not accumulate or carry over from one calendar year be taken by the Executive in subsequent years except to another the extent approved by the Company. Upon termination of the Executive's employment for any unusedreason, accrued any vacation time. The earned by the Executive but not taken shall not be entitled to compensation for vacation time not takenforfeited.

VACATIONS. During the Term, the Executive shall be entitled to four weeks of vacation per calendar year(4) weeks, or such longer period as the Company may provide to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs all other executive officers of the Company, of paid vacation each calendar year. The Executive may timing for taking such vacation shall be reasonable in relation to the duties of Executive. Such vacation shall not accumulate or carry over cumulate from one calendar year to another any unused, accrued vacation timeyear. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays and sabbaticals given by the Company to all other executive officers of the Company.

VACATIONS. During the Termterm hereof, the Executive shall be entitled to four (4) weeks of vacation per calendar yearannual vacation period of the Company, such vacation to be taken at such times and intervals as shall be determined by the Executive in the Executive, subject to the 's reasonable business needs of the Companydiscretion. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time, unless the Reporting Executive determines that business demands require deferral and carry over of vacation from any year into up to the first six (6) months of the succeeding year. The Executive shall not be entitled to compensation for vacation time not taken, except that upon termination of employment, the Executive shall be paid for all vacation time accrued but not taken.

VACATIONS. During the Term, the The Executive shall be entitled to four weeks of paid vacation per during each calendar year, to be taken at such times and intervals as shall be determined by taking into consideration the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any carryover a maximum of two weeks' unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takensubsequent years.

VACATIONS. During the Term, the Executive shall be entitled to four (4) weeks of paid vacation per during each calendar yearyear of the Term, to during which period his Salary shall be taken paid in full. Executive shall take his vacation at such time or times as Executive and intervals as the Corporation shall determine is mutually convenient. Executive shall be determined by the Executive, subject permitted to the reasonable business needs of the Company. The Executive may not accumulate or carry over carryover up to 10 days from one calendar year to another the next, and shall forfeit any unusedaccrued but unused vacation days above such amount. Upon Executive’s termination of employment for any reason, accrued vacation time. The Executive he shall not be entitled to compensation payment for vacation time not takena maximum of 20 accrued but unused days.

VACATIONS. During the Term, the The Executive shall be entitled to a minimum of four weeks of vacation per calendar yeartime each year during the term of this Agreement, to during which vacation time his compensation hereunder shall be paid in full. Such vacation time need not be taken at such times and intervals in consecutive periods except as shall be determined otherwise required by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timeapplicable regulations. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays provided by the Company to its most senior executive officers.

VACATIONS. During the Term, the The Executive shall be entitled to a vacation of four (4) weeks of vacation per calendar year, to be taken at such times and intervals as during which period his salary shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timepaid in full. The Executive shall take his vacation at such time or times as the Executive and the Corporation shall determine is mutually convenient. Any vacation not be entitled taken in one (1) year shall not accrue, provided that if vacation is not taken due to compensation for the Corporation’s business necessities, up to four (4) weeks’ vacation time not takenmay carry over to the subsequent year.

VACATIONS. During the Term, the The Executive shall be entitled to up to four weeks of paid vacation per in each calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not also be entitled to compensation for the same standard paid holidays given by the Company to senior executives generally, all as determined from time to time by the Board of Directors of the Company or an appropriate committee thereof. No more than one week of vacation time not takenshall cumulate from year to year.

VACATIONS. During the Termterm hereof, the Executive shall be entitled to accrue four (4) weeks of vacation per calendar yearannum, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one (1) calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken. In addition, the Executive shall be entitled to five (5) days of emergency/medical PTO per calendar year.

VACATIONS. During the Term, the The Executive shall be entitled to four five (5) weeks of vacation per calendar yearannum, to be taken at such times and intervals as shall be determined by the Executive, subject to the Executive in his reasonable business needs of the Companydiscretion. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken, except as required by law upon termination of employment.

VACATIONS. During the Term, the The Executive shall be entitled each year to four (4) weeks of vacation per calendar year, time during which vacation the Executive shall continue to receive the compensation provided in paragraph 3 hereof. Each vacation shall be taken by the Executive at such time or times as the Executive reasonably determines, taking into account Executive's duties as set forth in Section 2 hereof and intervals as shall be determined by the Executive, subject to the reasonable Employer's business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another at any unused, accrued vacation particular time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled to not less than four weeks of vacation per calendar year, to weeks' paid vacation. Vacation shall be taken at such times and intervals as shall be determined by reasonably consistent with the Executive, subject to the reasonable business needs of the Company. The Executive may Vacation earned for a year but not accumulate or carry over from one calendar taken during that year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation paid for vacation time not takennor taken in a subsequent year.

VACATIONS. During the Term, the The Executive shall be entitled to a vacation of four weeks each year. If Executive does not use all of his vacation per calendar in a given year, he may elect to either accumulate up to a maximum of eight weeks or be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs paid of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued unaccumulated vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the Executive shall be entitled to --------- four weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled to not less than four (4) weeks of paid vacation per in any calendar year, to year (prorated in any Year during which the Executive is employed hereunder for less than the entire Year). Such vacation shall be taken at such times and intervals as shall be determined by the Executive, subject to are consistent with the reasonable business needs of the Company. The Executive Any vacation not taken during the year may not accumulate or carry over from one calendar year be taken by the Executive in subsequent years except to another the extent approved by the Company. Upon termination of the Executive's employment for any unusedreason, accrued any vacation time. The earned by the Executive but not taken shall not be entitled to compensation for vacation time not takenforfeited.

VACATIONS. During the Term, the The Executive shall be entitled to four (4) weeks of paid vacation per calendar yearannually; provided, to be taken at such times and intervals as shall be determined by the Executivehowever, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The that Executive shall not be entitled to compensation utilize more than two consecutive weeks of vacation at any time without board approval; and provided, further, that Executive shall not be entitled to use any vacation days for vacation time not takenthe six-month period beginning on the Effective Date. The Executive shall also be entitled to all paid holidays given by the Company to its senior executives.

VACATIONS. During the Term, the The Executive shall be entitled to four not less than 27 days ( 5.4 ) weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one in any calendar year to another (prorated in any unused, accrued vacation timecalendar year during which the Executive is employed hereunder for less than all of such year). The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Bank to its senior executive officers.

VACATIONS. During the Term, the Executive shall be entitled to four accrue up to five weeks of vacation per each calendar year, to which shall accrue proportionally over the course of each calendar year consistent with the Company’s vacation policy. Accrued and unused vacation may be taken at such times and intervals as shall be determined by the Executive, subject carried over to the reasonable business needs of next year to the extent provided in the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued ’s vacation timepolicy. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Company and the Employer to its executives.

VACATIONS. During the Term, the Executive The executive shall be entitled to four weeks of (4) weeks’ vacation per in each calendar year, to be taken at or such times and intervals greater amount of vacation as shall may be determined by the Executive, subject in accordance with iStar’s vacation policy as in effect from time to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Trust to its executives, and sick and personal days on an as needed basis.

VACATIONS. During the Term, the Executive shall also be entitled to four (4) weeks of paid vacation per each calendar year, with such vacations to be scheduled and taken at by Executive in his discretion, provided no such times vacation shall interfere with the performance of Executive’s duties hereunder and intervals as shall no unused vacation may be determined by the Executive, subject carried over to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one a succeeding calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenyear.

VACATIONS. During the Term, the The Executive shall be entitled to not less than four weeks of vacation per calendar year, to paid vacation. Vacation shall be taken at such times and intervals as shall be determined by reasonably consistent with the Executive, subject to the reasonable business needs of the Company. The Executive may Vacation earned for a year but not accumulate or carry over from one calendar taken during that year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation paid for vacation time not takennor taken in a subsequent year.

VACATIONS. During the Term, the The Executive shall be entitled to four (4) weeks of vacation per calendar year, to be taken at such times and intervals as during which period his salary shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timepaid in full. The Executive shall not be entitled to compensation for take his vacation at such time or times as the Executive and the Corporation shall determine is mutually convenient. Any vacation time not takentaken in one (1) year shall not accrue, provided that if vacation is not taken due to the Corporation’s business necessities, up to two (2) weeks’ vacation may carry over to the subsequent year.

VACATIONS. During the Term, the Executive shall be entitled to four (4) weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by with pay during each year that ends during the Executive, subject to the reasonable business needs of the CompanyEmployment Term. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive Vacations shall not be taken in a manner which will unreasonably interfere with Executive’s duties hereunder. Executive shall also be entitled to compensation for vacation time not takenall paid holidays and personal days given by the Company to its senior executives.

VACATIONS. During the Term, the Executive shall be entitled to a total of four (4) weeks of paid vacation per during each calendar yearyear during the Term (which shall accrue in accordance with the Company's vacation policy); provided, to however, that such vacations shall be taken by Executive at such times and intervals as shall be determined will not interfere with the performance by the Executive, subject to the reasonable business needs Executive of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenher duties hereunder.

VACATIONS. During the Term, the Executive shall be entitled to four accrue up to five weeks of vacation per each calendar year, to . Accrued and unused vacation may be taken at such times and intervals as shall be determined by the Executive, subject carried over to the reasonable business needs of next year to the extent provided in the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued ’s vacation timepolicy. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Company and the Employer to its executives.

VACATIONS. During the Term, the The Executive shall be entitled to accrue up to four weeks of paid vacation per calendar in each year, to which shall be accrued ratably. Vacation shall be taken at such times and intervals as shall be determined by the Executive, in his reasonable judgment, subject to the reasonable operating and business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Company to its executives.

VACATIONS. During the Term, the Executive shall be entitled to four (4) weeks of paid vacation per calendar year, year to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Vacation shall otherwise be governed by the policies of the Company, as in effect from time to time; provided, however, that nothing in Company policy or practice shall prevent Executive may not accumulate or carry over from one calendar year receiving pay for accrued but unused vacation at the time of Executive's termination from employment pursuant to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenthe terms of this Agreement.

VACATIONS. During the Term, the Executive shall be entitled to four weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.. Model LC Employment Agreement

VACATIONS. During the Term, the Executive The executive shall be entitled to four weeks of (4) weeks' vacation per in each calendar year, to be taken at or such times and intervals greater amount of vacation as shall may be determined by in accordance with the Executive, subject Trust's vacation policy as in effect from time to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Trust to its executives, and sick and personal days on an as needed basis.

VACATIONS. During the Term, the The Executive shall be entitled to a minimum of four weeks of vacation per calendar yeartime each year during the term of this Agreement, as well as additional vacation time equal to that available to other top executive officers of the Company of comparable tenure, during which vacation time his compensation hereunder shall be paid in full. Such vacation time need not be taken at such times and intervals in consecutive periods except as shall be determined otherwise required by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timeapplicable regulations. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays provided by the Company to its most senior executive officers.

VACATIONS. During the Term, the Executive shall be entitled to a total of four (4) weeks (or twenty (20) days) of paid vacation per during each calendar yearyear during the Term (which shall accrue in accordance with the Company's vacation policy); provided, to however, that such vacations shall be taken by Executive at such times and intervals as shall be determined will not interfere with the performance by the Executive, subject to the reasonable business needs Executive of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenher duties hereunder.

VACATIONS. During the Term, the Executive shall be entitled to four weeks of vacation per calendar each year, to which shall be taken at such time or times and intervals as shall be determined by the not unreasonably interfere with Executive, subject to the reasonable business needs 's performance of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenhis duties under this Agreement.

VACATIONS. During the Term, the The Executive shall be entitled to up to four weeks of --------- paid vacation per in each calendar year, to be taken which vacation time shall accrue at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs a rate of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time1.66 days per month of employment. The Executive shall not also be entitled to compensation for vacation the same standard paid holidays given by the Company to senior executives generally, all as determined from time to time by the Board of Directors of the Company or an appropriate committee thereof. Vacation time shall not takencumulate from year to year.

VACATIONS. During the Term, the The Executive shall be entitled to four (4) weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timepaid vacation. The Executive shall take his vacation at such time or times as the Executive and the Corporation shall determine is mutually convenient. Any vacation not be entitled taken in one (1) year shall accrue to compensation for vacation time not takenthe subsequent year with consent of the Board.

VACATIONS. During the Term, the Executive shall be entitled to three weeks vacation through December 6, 2004 and to four weeks vacation thereafter in accordance with the policies of vacation per calendar year, to be taken at such times and intervals the Company as shall be determined by the Executive, subject to the reasonable business needs Board or by an authorized senior officer of the Company. The Executive may not accumulate or carry over Company from one calendar year time to another any unused, accrued vacation time. The Executive Company shall not be entitled to pay Executive any additional compensation for any vacation time not takenused by Executive.

VACATIONS. During the Term, the Executive shall be entitled each year to a vacation of four weeks weeks, during which time his compensation shall be paid in full. Vacation time accrued during each calendar year must be used by the end of vacation per each calendar year, to or will be taken at such times lost, and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may will not accumulate or carry over accrue from one calendar year to another any unused, accrued vacation timethe next. The Executive shall not Exceptions to the foregoing non-accrual policy may be entitled to provided under terms and conditions approved in writing by resolution of the Board of Directors or its compensation for vacation time not takencommittee in such body's sole discretion based on prolonged extra-ordinary work demands preventing Executive's timely taking vacation.

VACATIONS. During the Term, the The Executive shall be entitled --------- during the Term to vacations in accordance with the policies of the Company, except that he shall be entitled to three weeks of vacation per calendar year during the first year of employment hereunder and four weeks of vacation per calendar year, to be taken at such times and intervals as year during the second year of employment (pro rata for partial years). The Company shall be determined not pay the Executive any additional compensation for any vacation time not used by the Executive, subject to . To the reasonable business needs extent that the Executive cannot take his vacation as a result of the request of the President of the Company. The Executive , he may not accumulate or carry such unused vacation over from one to the following calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenyear.

VACATIONS. During the Term, the Executive shall be entitled each year to a vacation of four weeks (4) weeks, during which time his compensation shall be paid in full. Vacation time accrued during each calendar year must be used by the end of vacation per each calendar year, to or will be taken at such times lost, and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may will not accumulate or carry over accrue from one calendar year to another any unused, accrued vacation timethe next. The Executive shall not Exceptions to the foregoing non-accrual policy may be entitled to provided under terms' and conditions approved in writing by resolution of the Board of Directors or its compensation for vacation time not takencommittee in such body's sole discretion based on prolonged extra-ordinary work demands preventing Executive's timely taking vacation.

VACATIONS. During the Term, the Executive shall he entitled to four (4) weeks, or such longer period as the Company may provide to all other executive officers of the Company, of paid vacation each calendar year. The timing for taking such vacation shall be reasonable in relation to the duties of Executive. Such vacation shall not cumulate from year to year. Executive shall also be entitled to four weeks of vacation per calendar year, to be taken at such times all paid holidays and intervals as shall be determined sabbaticals given by the Executive, subject Company to the reasonable business needs all other executive officers of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled to four (4) weeks per year of vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timepaid vacation. The Executive shall take his vacation at such time or times as the Executive and the Company shall determine is mutually convenient. Any vacation not be entitled taken in one (1) year shall not accrue, provided that if vacation is not taken due to compensation for the Company’s business necessities, up to three (3) weeks’ vacation time not takenmay carry over to the subsequent year.

VACATIONS. During the Termterm hereof, the Executive shall be --------- entitled to four (4) weeks of vacation per calendar yearannum, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled each year to four weeks of vacation per calendar year, time during which vacation the Executive shall continue to receive the compensation provided in paragraph 3 hereof. Each vacation shall be taken by the Executive at such time or times as the Executive reasonably determines, taking into account Executive's duties as set forth in Section 2 hereof and intervals as shall be determined by the Executive, subject to the reasonable Employer's business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another at any unused, accrued vacation particular time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the Executive shall be entitled to four (4) weeks of vacation per calendar yearyear (prorated for any partial calendar year during the Employment Term), with pay. Executive agrees to be taken utilize his vacation at such time or times as are (i) consistent with the proper performance of his duties and intervals as shall be determined by responsibilities hereunder and (ii) mutually convenient for the Company and Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Termterm hereof, the Executive shall be entitled to four (4) weeks of vacation per calendar yearannum, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the The Executive shall be entitled to no less than four weeks of weeks’ paid vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one in each calendar year to another during the Term and any unusedExtended Term (prorated, accrued vacation timein each case, for partial years). The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays and personal days given by the Company to its similarly situated executives.

VACATIONS. During the Term, the Executive shall be entitled to four a total of 4 weeks (20 days) of paid vacation per during each calendar yearyear during the Term (which shall accrue in accordance with the Company's vacation policy); provided, to however, that such vacations shall be taken by Executive at such times and intervals as shall be determined will not interfere with the performance by the Executive, subject to the reasonable business needs Executive of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenhis duties hereunder.

VACATIONS. During the Term, the Executive shall be entitled to four (4) weeks of vacation per days in each calendar year (pro-rated in the first calendar year, to be taken at such times ). Accrual and intervals as shall be determined by the Executive, use of vacation is subject to the reasonable business needs applicable policies of the CompanyCorporation. The Executive may not accumulate or carry over from one is encouraged to take all accrued vacation each year. However, Executive shall notify the Board of Directors at the conclusion of each calendar year to another of any unusedaccrued, accrued but unused vacation timethat he will be carrying over into the next calendar year. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Corporation to its employees.

VACATIONS. During the Term, the Executive shall be entitled to four weeks of paid vacation per in each calendar year, to be taken at such times and intervals as which vacation days shall be determined by accrued ratably during the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timeand the number of which may be increased in accordance with Company policies. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Company to its executives.

VACATIONS. During the Term, the Executive shall be entitled to four weeks of vacation per calendar yearvacation, to be taken at such times and intervals as shall be determined by the ExecutiveExecutive and as approved by the CEO, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the Executive shall be entitled to four (4) weeks of paid vacation per during each calendar yearyear of the Term, to during which period his Salary shall be paid in full. Executive shall take his vacation at such time or times as Executive and the Corporation shall determine is mutually convenient. It is expected that vacation time for each calendar year will be taken at in such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued and that unused vacation time. The Executive time shall not be entitled rollover to compensation for vacation time not takensubsequent calendar years.

VACATIONS. During the Term, the Executive shall be entitled to a total of four (4) weeks of paid vacation per during each calendar yearyear during the Term (which shall accrue in accordance with the Company’s vacation policy); provided, to however, that such vacations shall be taken by Executive at such times and intervals as shall be determined will not interfere with the performance by the Executive, subject to the reasonable business needs Executive of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenher duties hereunder.

VACATIONS. During the Term, the The Executive shall be entitled to up to four weeks of paid vacation per in each calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not also be entitled to compensation for vacation the same standard paid holidays given by the Company to senior executives generally, all as determined from time to time by the Board of Directors of the Company or an appropriate committee thereof. Vacation time shall not takencumulate from year to year.

VACATIONS. During the Term, the Executive shall be entitled each year to four weeks a vacation of vacation per five (5) weeks, during which time his compensation shall be paid in full. Vacation time accrued during each calendar year must be used by the end of each calendar year, to or will be taken at such times lost, and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may will not accumulate or carry over accrue from one calendar year to another any unused, accrued vacation timethe next. The Executive shall not Exceptions to the foregoing non-accrual policy may be entitled to provided under terms and conditions approved in writing by resolution of the Board of Directors or its compensation for vacation time not takencommittee in such body's sole discretion based on prolonged extra-ordinary work demands preventing Executive's timely taking vacation.

VACATIONS. During the Termterm hereof, the Executive shall be entitled to four --------- five (5) weeks of vacation per calendar yearannum, to be taken at such times and intervals as shall be determined by the Executive, subject to the Executive in his reasonable business needs of the Companydiscretion. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During the Term, the Executive shall be entitled to four accrue up to five weeks of vacation per each calendar yearyear (inclusive of the holiday week shutdown), to be taken at such times and intervals as shall be determined by earned in accordance with the Executive, subject to the reasonable business needs vacation policy of the Company. The Executive Accrued and unused vacation may not accumulate or carry be carried over from one calendar to the next year to another any unused, accrued the extent provided in the Company’s vacation timepolicy. The Executive shall not also be entitled to compensation for vacation time not takenall paid holidays given by the Company and the Employer to its executives.

VACATIONS. During the Term, the Executive shall be entitled to four vacation time, paid holidays and personal days, determined in accordance with the Company's policy then in effect but not less than 4 weeks of vacation per in any calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.

VACATIONS. During From the TermEffective Date forward, the Executive shall be entitled to accrue up to four weeks of vacation per calendar year, to annually. Such vacations shall be taken at such times consistent with the effective discharge of Executive’s duties and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar Unless specifically stated to the contrary in writing by the Company, unused vacations in any year shall be treated consistently with the policies, rules and regulations adopted by the Company applicable to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takensenior executives of the Company.

VACATIONS. During the Term, the Executive shall be entitled to four (4) weeks of vacation per calendar year, to be taken at such times and intervals as shall be determined by with pay during each year that ends during the Executive, subject to the reasonable business needs of the CompanyEmployment Term. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive Vacations shall not be taken in a manner which will unreasonably interfere with Executive’s duties hereunder. Executive shall also be entitled to compensation for vacation time not takenall paid holidays and personal days given by the Company to its senior executives.

VACATIONS. During the Term, the The Executive shall be entitled to up to four weeks of paid vacation per in each calendar year, to be taken at such times and intervals as which vacation time shall be determined by vest on a pro-rata basis during the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation timeyear. The Executive shall not also be entitled to compensation for vacation the same standard paid holidays given by the Company to senior executives generally, all as determined from time to time by the Board of Directors of the Company or an appropriate committee thereof. Vacation time shall not takencumulate from year to year.

VACATIONS. During the Term, the Executive shall be entitled in each calendar year to four weeks of vacation per calendar year, to time. Each vacation shall be taken by Executive at such time or times and intervals as shall be determined agreed upon by the Chairman and Executive, subject to the reasonable business needs and any portion of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for Executive's allowable vacation time not takenused during the calendar year shall be forfeited.

VACATIONS. During The Executive shall be entitled during the TermTerm to vacations in accordance with the policies of the Company, the Executive except that he shall be entitled to four weeks of vacation per calendar year, to be taken at such times and intervals as year during the Term (pro rata for partial years). The Company shall be determined not pay the Executive any additional compensation for any vacation time not used by the Executive, subject to . To the reasonable business needs extent that the Executive cannot take his vacation as a result of the request of the President of the Company. The Executive , he may not accumulate or carry such unused vacation over from one to the following calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not takenyear.

VACATIONS. During the Term, the Executive shall be entitled to four weeks of paid vacation per calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the Executive in his reasonable business needs of the Companydiscretion. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Upon the termination of this Agreement or Executive's employment for any reason and at any time, the Company shall pay Executive shall not be entitled to compensation for the value of his accrued, unused vacation time not takentime.

VACATIONS. During the Termterm of Executive's employment hereunder, the Executive shall be entitled to four (4) weeks of vacation per in each calendar year, and to be taken at such times and intervals as compensation with respect to earned but unused vacation days determined in accordance with the Company's vacation policy in the event of termination. Executive's vacation shall be determined scheduled by mutual agreement between the Executive and the Board. All accrued but unused vacation days shall be carried over to the following year by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken.