Correct..

There is a 12 month pro-rated contract for your initial type here, or a reduced contract if previously typed. There is no contract for recurrent training. What we pilots here think is crazy is that an additional type rating is a 24 month pro-rated contract, which they pay you $5000 per year extra to have. Funny thing, nobody ever asked me to sign anything for that additional type…. They must really trust me, (or think that no one else will have me..)😂..