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Yeah on the bench is probably best case scenario of when because no transition to worry about and as EY1 points out they may ask you to leave immediately anyway while still getting paid one more cycle
Eh, usually they'll give you the two weeks. Or they'll ask you to leave and still pay you for the two weeks.
Most likely, I don't agree with the practice but we do it.
Oh and OP, you don't have to give any notice... enjoy your PTO and resign as soon as you get back.