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.
(..) You get to kill the dragon! That's my boy! Yeah. Yes. I can't wait. I am so... ...leaving! We're leaving. Let's pack up. Looks like you and me are taking a little vacation. Forever. Oh, man. What the?! What are you doing here? I want to know what's going on. (..)2010 How to Train Your Dragon