Ohhhh boy…lots to unpack.
The market based balance plan was an LOA that we haven’t heard much about since it was agreed upon. Whether it comes to fruition has a couple of obstacles.
1) The IRS
2) The company who is selective in which bargains to uphold.
The minimum balance (a few hundred grand to a small portion of the seniority list) has not been mentioned in the AIP. This has been much of the uproar.
Time will tell. We continue to wait on word on both accounts.