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The best thing is unlimited PTO, and the worst thing is that PTO is unlimited ;) I feel like this is a pretty common phenomenon in the tech industry. The downside of unlimited PTO is that there is no guidance on what is the 'right' amount of days to take off.
It was good for me
Vacation is unlimited/untracked. The only "limit" is common sense (i.e. you should be here enough that we can tell you work here, and you should be getting your work done)
No permission necessary when taking time for vacation- employees must simply add their time to our vacation calendar and let their manager know they will be out.
We have flexible PTO, meaning if your time off is approved, you don't need to worry about how much, nor take unpaid leave.
Asana doesn't track leaves and encourages more leaves
The best part is it's based on your team's needs. Needing to recharge is welcomed - the diminishing returns of just grinding away at your work is definitely a thing everywhere, and because Asana is so good about this I never feel pressured to 'crunch in extra days'. I get everything I need and more done!
Flexible PTO, and not the kind where you feel pressured to not take it.
There is no limit - it's an honor system