It turns out that you are correct. There is a time value of money. I ran the numbers.

Assuming we voted down the TA and our compensation went up to well less than JetBlue’s current book: at my longevity, using simple calculations, it would be financially beneficial to me, and everyone else in my seat at my longevity, to wait another year.

I guess I’m still a NO vote. The numbers just don’t work with this AIP.