No, the company pays when they hire people into the widebodies.

From the contract:

Passover Pay Due To Junior Pilot’s Early Activation
In case of a junior pilot’s activation to a higher paying position out of seniority order, every senior pilot who meets the following prerequisites shall be paid as if he had activated in that higher paying position (passover pay):
the junior pilot and the senior pilot(s) hold an award for the same crew position; and
the junior pilot’s award is from the same posting as the senior pilot’s award or from a subsequent posting; and
the Company chooses to activate the junior pilot prior to the senior pilot(s) and the junior pilot’s activation delays the training and activation of the senior pilot(s).

So it has everything to do with activation of the junior dude. Once a new hire activates in the right seat of the 777 the company will start paying a ton of passover pay.

But really...at this point, the passover pay is peanuts to the company. They are spending billions on buying new companies...a few thousand on the workers is nothing.

Contract NOW!