That's called Garden Leave.

It's not.

It's unenforceable to have clauses with no remuneration. So they can't compel you to pay 6 months of salary if you quit without notice, for example.

But these clauses with the big banks do have remuneration. In exchange for you signing this, you are guaranteed pay when you leave or get fired.

It's super common in trading firms (or trading businesses within banks) to have forced paid leave between jobs. For example, if you work for a hedge fund, you can't quit and immediate work for a competitor: you'd be able to take your knowledge of active trades/positions and bet with/against them. So you sign an agreement saying you won't work for 6 months (or longer) between jobs, but the old job keeps paying you.

All the big banks/hedgies are incentivized to also honor the system by not hiring you before your leave period is complete. Why? They don't want their own ex-employees poached during their leave period to have their positions wiped out.

Sure, they can’t force you to stay at the job, but there could potentially be large damages as defined in a contract for leaving prematurely.

Edit: check this out

https://www.thefriedmannfirm.com/can-i-quit-my-job-if-i-signed-employment-contract/

If there’s an stl file online we could just print it ourselves.

The migrants don’t think it’s ridiculous, they want even more.

*Garden leave.

Though, I suppose, you could spend the time gardening.

aka Garden Leave

It’s irrelevant. A contract which an employee (foolishly) signs can give penalties and what not to be argued over in court, but it’s still completely illegal to force someone to work. Any worker can quit without notice for any reason. Unless as punishment for a crime, in which case slavery is still legal, for some bizarre reason.

Personally, I don’t think quitting is smart either way. Get fired instead. Just stop showing up and stop working, but never quit. If they fire you they’re the ones who are taking responsibility, and it not only gives the worker a bigger chance to claim unemployment, but also forces the employer to pay wages up until the worker is fired. And if they don’t the worker can complain and have a chance at getting even more money.

don't blame the migrants.... its the bureaucracy's fault. I'm sure migrants think it's ridiculous too.... we need an independent party to handle this

You can quit any job at any time in ny. You may have financial penalties in terms of paying back bonuses or you may be beholden to certain non-compete (of dubious legality themselves) but there is no way an employer can force you to stay at a job, contract or not

No, it’s not. At-will employment makes it legal for you or the companies end the job without notice. However, this does not prevent a contract being put in place to add a waiting period.

[deleted]

Tell that to that Bodega worker who was executed last night.

You're thinking of at-will employment specifically, which this most likely is not. These employees probably have an employment contract which isn't necessarily uncommon at higher levels.

Simple don’t do it. Fuck em. Fuck all employers in

It’s not enforceable at all. It is a legal right of all American citizens to stop working for an employer at any time they want, without reason.

Edit: the number of people who seriously think your employer can just tell you you’re not allowed to quit shows just how brainwashed the working class is. Please research your rights.

No a lot of people have “gardening leave” and it is not waived as it’s there to prevent you from divulging existing transactions details to competitors before the transaction is completr

For an organization that prides itself in caring for nature and it’s natural inhabitants, I find it appalling that they are seemingly okay with the abusive treatment of horses within the park. The carriages create a dangerous situation for both cyclists and pedestrians alike while making the lower loop absolutely disgusting during the summer.

Big restock is coming.

You can put whatever you want (as long as it’s not illegal) in a binding contract. It can either specify penalties or the court can compel you to make the other party whole.

I’m not sure if that’s the case here (or even if it’s enforceable), but clauses like this could exist.

My friends who've gotten this have called it non-compete. Definitely not severance, you can take another job once you've got severance. My friends were getting paid to not work for a few months until their current knowledge of the business was not current anymore.

I remember people being so excited for his tenure.

There’s no legal standpoint for this. Workers can legally quit whenever they want with zero notice. The same way companies can legally fire you whenever they want with zero notice.

Nothing, lol.

Streetwear is generally overpriced