24 months non-prorated

Copied & Pasted from bammike on Piedmont forum

Let's say you get hired as an FO in Jan 2023 and you upgrade to captain in Jan 2024. Here is what it will look like:

1)New hire 15k (payback until Jan 2025)

2)15k one year of service bonus received Jan 2024 (payback until Jan 2026)

3)950 hours SIC time (aka Captain ready) 30k bonus that you get in bank account in Jan 2024 (payback until Jan 2026)

4)Year 1 anniversary as a captain 40k that you get in bank account Jan 2025 (payback until Jan 2027)

5)Year 2 anniversary as a captain 40k that you get in bank account Jan 2026 (payback until Jan 2028)

6)25k if you flow/get hired at American

In the example above if you quit in September 2025, you will have to pay back the 15,000 one year of service bonus, the 30,000 950 hours SIC bonus, and the 40,000 year 1 captain bonus. And you need to pay them back in FULL, not what you got after taxes. Taxes can be refunded after bonus payback, but you have to come up with the cash to pay it back first. If you don't pay it back in 60 days it starts to accrue interest at 6%, and you owe them 30% of the amount in attorney fees if they have to sue you for the money. The bonus is not prorated, but if you go to AA, die, lose your medical for more than 3 years, or retire at age 65 it's forgiven.
The bonus is structured as a promissory note, it is definitely enforceable. Maybe if you declare bankruptcy you could get out of it but they would definitely come after you. The bonus contract is very one sided in favor of Piedmont.