Cliff description...

JB sets aside 10% of company profits to be distributed to employees at the end of the fiscal year.

Say that equals $110 million dollars at the end of the year. They then determine each employees share of the profit based on each employees W2 earnings. Higher paid employees get a higher share of the pool, bigger check.

Let's say Bob the pilot made 300k, and based on the income and his proportional share of the pool, he is due a check for 5.5% of his income, or $16,500.

But before they cut Bob his check, they subtract the "cliff", the first 5% of eligible profit sharing payout. Then send Bob his check for .5%, or $1,500. Bob is not happy.

After all the checks are sent out minus the cliff, the company takes $100 million of the original $110 million dollar pool, and puts that $100 million back in the company bank account.

It's accounting trickery of the highest magnitude, and it is finally dead.

It was the single biggest factor in us not getting good checks.

Next step is increasing the pool.
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