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Vacation Policy

Free vacation/PTO policy template outlining how paid time off accrues, is requested, and is paid out.

This free vacation policy covers Accrual, Eligibility, Requesting Time Off, Carryover, Payout Upon Termination with 5 clearly marked [placeholder] fields to fill in — built for small business owners and first-time managers handling an HR moment professionally without a dedicated HR department to lean on. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.

Template — click to edit

Vacation Policy

Company: [Company Name] · Effective Date: [Date]

Accrual

Employees accrue [Number] days of paid vacation per year, [accruing monthly/per pay period], starting from their hire date.

Eligibility

[Any waiting period before new employees can use accrued time — e.g. "after 90 days of employment."]

Requesting Time Off

Requests should be submitted at least [Number] days in advance via [System/process], subject to manager approval based on business needs.

Carryover

[ ] Unused vacation carries over up to [Number] days into the next year. [ ] Unused vacation does not carry over ("use it or lose it," where legally permitted).

Payout Upon Termination

[State whether unused accrued vacation is paid out upon termination — required by law in some states regardless of company policy.]

Blackout Periods (if applicable)

[Any periods where vacation requests are limited due to business needs.]


Acknowledged by: ______________________ Date: ____________

*This document is provided for informational and educational purposes only and does not constitute legal advice. A number of US states legally require accrued, unused vacation to be paid out at termination and prohibit "use it or lose it" policies entirely — confirm your state's specific rules before finalizing this policy.*

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Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.

What's included

Who this template is for

Freelancers & solo founders

Handling routine business paperwork without commissioning custom legal drafting for every document.

Small businesses

Standardizing recurring documents — leases, agreements, notices — across a growing operation.

Anyone reviewing before signing

Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.

Growing teams

Formalizing hiring and performance processes as a company adds its first employees.

FAQ

Is this vacation policy template really free?

Yes. Like every template in docstoc's library, this vacation policy is free to use, with no account or signup needed to view, edit, or download it.

What does this vacation policy cover?

This hr template includes Accrual, Eligibility, Requesting Time Off, Carryover. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.

Is this legal advice?

No. This follows common HR practice, but requirements around notice, classification, and required disclosures shift by state and change over time. Get an employment attorney or HR professional to confirm compliance for your specific situation before relying on it.

Can I edit the wording?

Yes. All 5 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.

Where can I find more free templates like this?

Browse more free hr and related document templates in the docstoc library at /document-templates/.

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