Examples of Garden Leave Period in a sentence
In the event that Blackstone waives all of the SMD’s Garden Leave Period pursuant to Section 5(d) of the SMD Agreement, the restrictive periods set forth in this Section I which are intended to begin upon the commencement of such SMD’s Garden Leave Period shall commence instead upon the termination of the Notice Period required under Section 5(c) of the SMD Agreement (as such Notice Period may be modified as a result of any waiver thereof by Blackstone).
During the Garden Leave Period, eligible employees will not be required to attend or perform work but may be asked to work or consult as needed, and will continue to be considered to be employees of OSF during this time.
At the end of the Active Transition Work Period, eligible employees shall also receive a two (2) month Garden Leave Period.