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24.05.2014 admin
A garden leave clause should be included in every contract of employment and amongst other things it will strengthen the effectiveness of restrictive covenants. A garden leave clause is intended to keep the employee away from the business to protect its confidential information and goodwill.
Be available on the employer’s instruction to deal with specific queries or to effect a handover.
An alternative form of garden leave can enable the employer to allocate work on a specific project to the employee or require them to work in a different location to their usual one. An employer should first ensure there is an express garden leave clause in the employee’s contract. Read our Garden Leave Briefing Note for more information on garden leave clauses or contact Employment Law Services Partner Paul Maynard for specific, expert advice, on including garden leave clauses in your contracts or on enforcing such clauses. See Paul’s answers to the most commonly asked questions on restrictive covenants in our FAQ videos. Based in East Sussex but serving a much wider area, Gaby Hardwicke Solicitors has offices in Hastings, Bexhill, Cooden and Eastbourne. If you don't know the email address of your contact or want to make a general enquiry, please use the form below. Two year free replacement guarantee - evan designs , Yes, happy ship order internationally.

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With a mega drive for AUM and managing wealth & assets for high net worth clients, Private Banks are aggressively hiring. With AUM being the foremost conversations with a Private banker, we look at 12 reasons why most clients do not give Private Banker AUM within 6 Months. As almost half of Private Bankers quit in 21 months, clients are less willing to open accounts or fund a large AUM quickly.
For obvious reasons, your new Private Bank and team must have something that your existing Private Bank couldn’t offer.
However, clients would have lingering thoughts that the Private Banker is leaving for greener pasture or selfish reasons.
With the constant communication of Tier 1 or Tier 2 Ratio and strong capitalised banks, it is clear the risk is present. With a recovery process highlighted by the ongoing consolidations, clients no longer trust the face value of what banks are saying relative to pre-2008 crisis. A garden leave clause requires an employee to stay away from the workplace and stop working even though their contract of employment continues.

This is achieved because the value of the confidential information the employee may have memorised will decrease with the passage of time. They should not try to place an employee on garden leave without such a clause unless there is clear evidence of serious wrongdoing by the employee. 4 Are you going for pay increase, personal career progression, better lifestyle, better products & services or for client’s best interests? Strictly speaking, garden leave can be imposed at any point during the course of employment, but it is usually introduced for all or part of an employee’s notice period. A period of garden leave also allows the employee’s successor to build a relationship with customers, clients and suppliers without interference from the employee.
It is also important to note that the mere existence of a garden leave clause does not necessarily mean a court will allow the employer to enforce the clause if it is unreasonable. By using this website you are agreeing to our use of cookies as set out in our privacy policy.

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