During the Term of Employment, the Executive shall be entitled to twenty-five vacation days in each calendar year, subject to a maximum total accrual of 820.035 hours of vacation. The Executive shall also be entitled to all paid holidays given by the Company to its senior executives. An amount equal to the value of the Executive’s accrued vacation not in excess of 820.035 hours shall be paid to the Executive within 30 days after his termination of employment with the Company (as CDO and SA), determined using his final hourly rate of base salary as CDO.