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.
(..) Yeah, you take him, John. You take him till this foolishment be done. You gonna take him to Florida, to that Mouseville? We'll do it together, most likely. - Maybe take a little vacation time. - Yeah. People pay a dime apiece to see him. Two cents for the kids. Ain't that right, Boss Howell? (..)1999 The Green Mile