I call it leave time. Here is part of my contract.

Leave Time: All parents are given leave time equal to the number of days contracted for in a week. For example, a family that is enrolled for 5 days each week is allowed to take up to 5 days, per year, off without financial responsibility to the daycare. Leave time is given primarily to encourage parents to tend the needs of their sick child at home. In addition, we ask for a phone call letting me know if your child will not be attending. However after the days are taken or we do not get notice you will be responsible for 100% of the weekly pay. You must let me know if you are using your leave time for this day when you call. If you have no more leave time then you will be responsible for 100% of this time.

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