Originally Posted by
mrzog2138
In the FDAs after you have complete your committed period plus 12 months, you can always bid back without a vacancy bid. Most of those senior guys have already met their obligations and can bid anything they hold at anytime. They just need to give the company a 6 month heads up. So, I doubt that many would bid to relieve excess. If that is the case they would have already given the company their notification of wanting to exit in lieu of a vacancy bid.
In the FDAs, before you have completed the commitment period, you can bid back if you're willing to repay the $10,000 seed money and any storage fees paid.
The Exit in Lieu of a Vacancy Bid is a lengthy process, and when you begin the process you're restricted from participating in any vacancy/excess postings.
There are people there now waiting for a vacancy posting. You may recall our Executive VP of Flight Operations promised us a substantial posting before the middle of February. That posting has yet to materialize. When it does, you'll see some people move -- some people who had to go in order to keep their FEPP.
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