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Definition of

garden leave

General Management

full pay without working in a contract of employment, a clause that allows the employer to keep an employee on full pay, but not require him or her to work, during the employee's contractual notice period. Garden leave thereby prevents the employee from working for another employer until the notice period has expired, by which time any confidential information the employee holds is likely to have become commercially out of date.

Definitions of ’garden leave’ and meaning of ’garden leave’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’garden leave’ and other financial terms with our online QFINANCE Financial Dictionary.

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