Yeah. Usually around 10 holiday days a year (varies I think). I get either 3 or 4 weeks of paid vacation time as well (I honestly don't remember how much, I always have more then I can use). Most places also allow a certain number of sick days. My work doesn't, but you can take them as you wish. You just need a doctor's note if you're out more then 5 days in a row.
There's the usual good and bad things about being on salary of course. When things are slow, you can head out early if you want. Catch a film in the middle of the afternoon. Take a long lunch. Etc. As long as your projects get completed on time, no one cares. Of course, it also means you get no overtime when there's something major that requires extra hours. In the IT profession, you will occasionally have to manage downtimes that'll last days (hopefully scheduled if they last that long. It's also not uncommon for me to still be working as late as midnight, because I absolutely have to get something working right before the next business day.
It's all fun.