Originally Posted by
EWRflyr
I also asked on one of these threads if the 43.5% that has been mentioned is contractually in effect still for L-UAL pilots. The response I read was no it is not, unless I didn't understand the response correctly. If it is in effect, it is clear where you are coming from. If it isn't, then it would seem we are all part of the same 15% pool on equal footing with all other employees.
FWIW, In the UAL Contract 2003 bankruptcy rewrite (current contract) "Success Sharing" was included under Section 3 Compensation language and reflected in two bonus programs.
1. Performance Incentive Program - Quarterly performance bonuses
2. Profit Sharing Program - Annual profit sharing bonuses
The Performance Incentive Program was terminated by Steve Wallach (MC before Wendy) by a Supplemental Agreement in April 2008, in exchange for a 1% pay increase on 2008 and 2009 hourly pay rates. As part of the language in that Agreement, the Profit Sharing Program remains in full force and in effect.
There is some confusion as the Supplemental Agreement incorrectly references Section 3-L (Paid Absences) rather than 3-M (Success Sharing) which pertains to profit sharing. However, the language clearly reflected the intent of the Agreement as a modifications of the Success Sharing Agreement. Not sure if that discrepancy was ever addressed.
Of course when dealing with a contract that's past its amendable date one can speculate on sections which are no longer applicable but in the absence of sunset clauses the language remain in force until a new contract is signed. So yes 43.5% remains L-UAL's pilots contractually negotiated claim of the total distribution in the Profit Sharing Program.