paid leave; paid vacation; paid holiday
Refers to leave from work for which the employee is paid, as stipulated by labor law or company policy. Often abbreviated as 有休 (ゆうきゅう) in casual conversation.
I'm taking paid leave next week to go on a trip.
有給休暇の申請は、上司の承認が必要です。
A request for paid leave requires your boss's approval.
I'm planning to take paid leave next week and go on a trip.
You need your supervisor's approval to apply for paid leave.
I still have 10 days of paid leave remaining this year.
I used up all my paid leave before quitting.
有給 is the everyday shortened form used in conversation, while 有給休暇 is the full, more formal term for paid leave.