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Unless otherwise agreed, you are required to give the bank at least one calendar
month's notice in writing, which you must ensure is received by your line manager
before the notice begins to run.
Verbal resignations will not be accepted.
(ii) Bands GCB3 and above
Unless otherwise agreed, you are required to give the bank at least three calendar
months' notice in writing, which you must ensure is received by your line manager
before the notice begins to run.
Verbal resignations will not be accepted.
1.17.3 Garden Leave
This paragraph applies to any notice period, regardless of whether notice was given by
you, or by the bank.
The bank shall be under no obligation to provide you with any work and may at any
time require you to stop carrying out your duties and to no longer attend your place of
work (often known as ‘garden leave’) or contact any employees, offices, officers,
customers or clients of the bank for the duration of the notice period. Alternatively, the
bank may provide you with work of a different nature to that which you would
normally perform under your contract of employment, and at a different location,
during your notice period.
During any such period you will continue to be bound by the terms and conditions of
your contract of employment (including but not limited to the implied duty of good
faith) and you will receive pay and most benefits in the normal way. You will not
accrue any incentive payment in respect of any period when you are not required to
carry out your duties and attend work and any commission will only be paid in respect
of credits already earned prior to the date upon which you are placed on garden leave.
If you have any accrued, but untaken leave, you will be deemed to have taken this
during any such period when you are not carrying out your duties and in attendance at
work, provided that you are not carrying out any work on behalf of the bank during
such a period.
1.18 Return of Property
On the termination of your employment for whatever reason, or at any time at the
bank's request, you must immediately deliver to the bank, or to anyone specified by the
bank, any and all books, documents, records, computer hardware and software and
other disks or tapes kept or made by you and in your possession or control relating to
the bank’s business, your computer, mobile, blackberry, any materials, credit cards,
keys, passes, cars, equipment or other property (including any copies, drafts, extracts,
summaries or reproductions of such property) belonging to or related to the business of
the bank, or any other company within the HSBC Group, its or their clients, customers
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