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At a certain level, this tends to be balanced with severance. "Garden leave" is different from "I can't get a job".

If they pay double, then you just need to suffer for at least 2 years to break-even and get 2 years of vacation.

You get paid during your NC

If paid by a "high quality" salary, why not?

It’s anticompetitive, stifles innovation, and boxes people out of career growth in their niche industry.

That's why they better pay $$$ for it.