Originally Posted by
NVUS
No, that is not what I said. That is what you decided to hear. It specifically states its discretionary and the amount could be up to $20,000 annually. All I did was figure out the cost of going through with the maximum amount.
Except for that you specifically said that management would not fork out $70M. Not once did you ever say anything about maximum amount. But regardless, in essence, they are lying or misleading. Which is it if they aren't going to ever pay out the maximum, as you now say?
Originally Posted by
rickair7777
The $20K bonus is not part of the pay package, and I always understood that clearly. I think it's a mechanism to...
1) Allow the company to incentivize retention if needed
2) Ensure that the whole pilot group gets treated fairly, ie no targeted bonuses at certain fleets/longevity demographics.
So it's a not a promise or potential bonus, it's just a statement that everybody gets the same bonus if it comes to that.
They can do that without including it in the pay package. When the time comes, they can pay out the bonus, certainly the new hire bonuses. But you lose a whole lot of leverage anytime you negotiate contingencies ahead of time. Which is ok but at least get a little something out of doing them the favor.