Executive shall be entitled to a vacation, in accordance with standard Company policies based on Corporate title and length of service, each year during the Term, which vacation presently shall be four (4) weeks and such vacation shall accrue at the rate of 13.33 hours for each month of service under this Agreement. Any vacation time not used may be accrued for use in future years, subject to a maximum accrual balance not to exceed 1 1/2 times annual accrual entitlement.