Vacation Policy

At [Company Name], we believe in taking time off to rest and recharge. Vacation time is an important part of that process, and this policy is designed to ensure that employees are able to have the time off they need.

Eligibility

All full-time employees are eligible to take paid vacation time. Part-time employees may be eligible for vacation time, depending on their individual contract.

Accrual

Vacation time is accrued on a monthly basis, with each full-time employee accruing [X] hours of paid vacation per month.

Usage

Vacation time can be used for any purpose of the employee’s choosing. It may not be used in lieu of sick leave or other types of leave.

Unused Time

All unused vacation time will be paid out at the end of the calendar year or upon termination of employment.

Maximum Accrual

The maximum amount of vacation time that can be accrued in any given year is [X].

Exceptions

Exceptions to this policy may be granted on a case-by-case basis at the discretion of the Human Resources department.

Examples

• If an employee has accrued [X] hours of vacation time and takes [X] hours of vacation, the remaining [X] hours will be paid out.
• If an employee takes [X] hours of vacation time and has not yet accrued the full amount, the remaining balance will be paid out at the end of the calendar year.
• If an employee terminates employment before accruing the full amount of vacation time, the unused balance will be paid out.
• If an employee wishes to take a longer leave than their current balance allows, exceptions may be granted by the Human Resources department.