A mandatory vacation (paid leave) policy for employers requiring their employees to take a consecutive block of time away from work each year. This Standard Document is designed to comply with the collective recommendations of various financial regulatory agencies governing banks, broker-dealers, and other regulated financial institutions as part of their internal fraud detection and prevention controls, but may be tailored for employers in other industries. This Standard Document may be used as a stand-alone policy, in conjunction with an employer's more detailed vacation or paid time off (PTO) policy, or as part of an employee handbook. It applies to private workplaces and is jurisdiction neutral. State or local law may impose additional or different requirements but this document is useful and relevant to employers in every state. This Standard Document has integrated notes with important explanations and drafting tips.