A time period when you are not required to work WordNet 3.0 & Open English WordNet

Paid time off, planned time off, or personal time off, is a policy in some employee handbooks that provides a bank of hours in which the employer pools sick days, vacation days, and personal days that allows employees to use as the need or desire arises. Wikipedia

Time an employee can draw from to take time off from work, without having to specify a reason Wikipedia Disambiguation

Time that an employee can take off of work while still being paid Wikidata

A period of time where one is not required to work. Wiktionary

Time without work. Wiktionary (translation)