Jo: I've been working hard for a whole year. I really need a break.
Phyllys: That's true. You need to take some time off to relax.
Jo: You said it. I'm looking forward to my annual vacation.
Phyllys: When are you going to take your vacation?
Jo: Later this month. I can't wait!
Phyllys: I really envy you. You know I'm not taking my vacation until December.
Jo will take an annual vacation, but Phyllys cannot take it until December.