In many parts of the world, time off from work is called annual leave or holiday, not vacation. Whatever you call it, we can agree on a universal definition: Annual leave refers to the period of time-off with pay which is available to employees, to pursue relaxation and recreation with their family and friends. The amount of annual leave provided in different countries around the world varies quite a bit. This post provides a nice summary of the legal requirements for annual leave provisions in some key countries. In order to be competitive in a specific country, a company also needs to take competitive data in mind when forming its policy.