Garden Leave Period Definition
Although paid post-employment non-competes are sometimes also referred to as garden leave that usage is.
Garden leave period definition. What is garden leave. Garden leave periods are typically shorter in duration than traditional non-compete periods six months or less. Employers might wish to place their employees on garden leave to take them out of the office before the employee commences another job in competition with the employer.
This practice is often used to prevent employees from taking with them up-to-date information when they leave their current employer especially when they are leaving to join a competitor. An informal expression to denote the practice of employers in terminating contracts to compel the employee not to work during his notice and while being paid. 2 If the Executive is asked to take garden leave he-.
Garden leave is the penultimate process before termination of employment. Attempts have recently been made to bring such clauses under the same controls as restrictive covenants. Garden leave or gardening leave is the practice where an employee leaving a job having resigned or otherwise had their employment terminated is instructed to stay away from work during the notice period while still remaining on the payroll.
The meaning of garden leave often known as gardening leave is that you require the employee to be away from the workplace during their notice period. Garden leave is when an employee completes their notice period away from the workplace whilst still receiving pay and benefits as normal. Important employees are sometimes put on gardening leave so that they cannot give private information about their previous employer to a new employer.
The employee must stay away from work during the whole or part of his notice period but continues to be employed and to receive pay and benefits. Typically any employees who want to quit or are terminated for a specific reason have to work during a notice period. Though it is not a term found in New Zealand legislation garden leave refers to a period of time in which an employee retains their employment and receives full pay but is not reporting to work.
You remain an employee throughout the period of garden leave. Garden leave is the practice by which an employee who is leaving the job is asked to stay away from work during the notice period. 1 If either the Executive or the Company serves notice on the other to terminate the Executives employment the Company may in its absolute discretion require the Executive to take garden leave for all or part of the remaining period of his employment.