Executive shall receive a total of twenty-seven (27) days of paid vacation, or holidays, on a pro rata basis during any three hundred sixty-five (365) day period of the Term. The amount may be adjusted in accordance with the Company’s standard policy or as directed by the Company’s Board of Directors. Any vacation or holiday leave time not used during any three hundred sixty-five (365) day period of the Term may be carried over from year to year in accordance with the Company’s vacation policies in effect from time to time.