Define: Garden leave

What does "Garden leave" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.

Definition 1 (DANAHER CORP /DE/, seen in 1 filing)

Garden leave means a period during which an employee is not working but is still employed, often used in termination contexts.

Source: DANAHER CORP /DE/ 10-K

Definition 2 (Salesforce, Inc., seen in 1 filing)

Garden leave means any period during which the Company requires you not to attend work and or not to undertake any or all of your duties of employment during any period of notice (whether given by you or the Company), provided always that the Company shall continue to pay your salary and contractual benefits during this time.

Source: Salesforce, Inc. 10-K

Definition 3 (CRH PUBLIC LTD CO, seen in 1 filing)

Garden leave means that portion of any notice period during which the Executive is relieved from the Executive’s usual employment duties but remains an employee of the Company in a consulting role.

Source: CRH PUBLIC LTD CO 10-Q

Data extracted from 3 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 3
Companies: 3
Keywords:
Garden leavedefinitioncontract languagelegal termSEC filing

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