1.  Except as otherwise provided in subsection 2, a claimant shall be disqualified for benefits for any week with respect to which the claimant is on paid vacation.

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2.  The Administrator may, by regulation, waive or modify the period of disqualification set forth in subsection 1:

(a) For good cause; or

(b) If the Administrator determines such action is necessary to expedite benefits and protect the health, safety and well-being of claimants.