[usefulcat]

In the most recent contract I saw from a trading firm, they would only do this if they let you go, and not for cause.

So for sure no "garden leave" if you quit, and also not if they can find a reason to fire you. And of course no bonus, which is often a majority of total comp.

Possibly this sort of thing may vary by state. There might also be some room to negotiate depending on how much they want you.