All employees are given three weeks 'vacation'. [=they will be paid for 15 days that they do not work per year]
His parents have a beautiful 'vacation home' [=a house that someone lives in during vacations] by the lake.
She spent most of her 'long vacations' [=summer vacations] at her parents' house.
(..) Oh, please pull it. Please do it. You know what, it'll save us so much time. Well, raise your hand if you're thoroughly disenchanted with our little pleasant Earth vacation. So, who's the stowaways? Oh, whoa, hey, what's with the gun? Stop. Hound, both of you. They've risked their lives for mine. (..)2014 Transformers: Age of Extinction