Wiktionary
company time
n. Time for which one is being compensated by one's employer, and for which the employer is therefore responsible for the welfare of the employee, and the employee is expected to refrain from engaging in personal interests.
Usage examples of "company time".
I never heard anyone describe their Company time quite that way, though many do join up fully intending to desert just as soon as they are safely away from the trouble that had them on the run.