During the Term, Employee shall be entitled to take up to 160 hours of Paid Time Off (PTO) per calendar year, so long as the absence of Employee does not interfere in any material respect with the performance of Employee or Employee’s duties hereunder. Employee shall be entitled to roll unused PTO hours to successive years and to pay in lieu of PTO to the extent provided for, and in accordance with such policies for unused PTO that may be established, by the Board with respect to the Company’s executive management.