Hi,
I work as a quant in a hedge fund in the UK and am still fairly junior (less than three years experience). My contract says that I have 6 months notice period and 6 months non compete period after resigning. The contract also says that if they decide to take away my access to the office this already counts as the non compete time.
So if I understand this correctly they could prevent me from joining a competitor for 12 months after I resign if they insist on full gardening leave and notice period ?
What is the usual industry practice? would they, after I resign, insist that I work the full notice period before starting the gardening leave? That would be quite awkward... I have heard from someone else who recently left a hedge fund that they immediately took away his access from the office and he could immediately start his six months non compete. Is this the normal way?
Thanks for your help!