Somewhere between the military's R&R and academia's sabbatical resides the business world's "unlimited" vacation plan.  

Also called unlimited paid time off, the concept is simple: build employee loyalty, morale and community by treating workers as responsible, accountable adults who can be trusted to take time off as needed, provided the work gets done properly and on schedule.

A few weeks in Hawaii? Fine. The afternoon off to watch one of the kids impersonate a flower in the third-grade play? Of course. A "mental health" day or two or five? No questions asked.

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