This term actually has more meaning, since usually people don't really need to differentiate "leave" (vacation) from "block leave". This term came into prominence when the financial industry had rogue traders that were performing unauthorized trading, sometimes gambling ever larger amounts in order to recoup prior losses so they won't be discovered for the initial unauthorized trades. In this area, it refers to a block (usually one week) where the employee is on leave and completely separated from the company's computer systems and communication devices. The thinking is that if any of this unauthorized trading is occurring, it would come to light during such absences with no access to the systems.