I think that the statement "liberal vacation and holiday" policy is alot of hype and extremely vague, like most other advertising I've seen. I am sure that my employer would describe our vacation policy as "liberal", but, it is adequate, at best. I have the same number of vacation days, with 17 yrs at my position, as a new hire in my position, because that is "fair". I am a physician. I get a total of 23 days PTO a year, which includes vacation, sick days, personal days. I can't take a vacation if other doctors want off the same time, like fall and spring break when my son is off school, or if one of the other docs is on maternity leave, or you name it. I have accrued 6 weeks of vacation time, because of all the restrictions and limitations on when I can take it.
In addition, doctors are on call 24 hrs a day, 365 days a year (except 366 in leap years). So, we work on holidays, 24 hr shifts. We don't get "comp time" either. When I work the holiday, the hours show up as "holiday", even though I wrote "w" on my time sheet. Also, if a vacation should happen to include a holiday, we get docked PTO for the holiday. That is, for example, my vacation includes Christmas. Then I get charged 40 hours vacation, even though everybody else only worked 32 hours that week. But, 8 hours holiday shows up on my slip.
You just can't win.