Thread: Delta Snap Up
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Old 11-10-2016, 05:27 AM
  #3  
Chuck D
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Joined APC: Apr 2010
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I've read through the snap-up language a few times - not a lawyer, but it sounds pretty straightforward since they didn't restructure their profit sharing. Maybe I'm missing something subtle in the wording that's a gotcha but I would imagine it's mostly that the company has no reason to put any effort yet into analyzing a theoretical outcome of a vote that's still weeks away with a further 15 day period after to sit down and agree on actual implementation. Retro is included if anything in the process of triggering this gets dragged out and it looks like it wouldn't start until after the 2nd bid period after DL signing.

I'm going to withhold any cynicism until after 15 days goes by after a theoretical DL signing if we then still have no word from the Company. Hopefully this is cut and dry and our guys are on top of it.
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