PAL Pilots Loyalty Program
Basically what the loyalty program states that you will as a pilot promise to stay in PAL for 5 years for $25,000 for captains and $20,000 for first officers less 32% taxes.
This breaks down into approximately $285 per month for captains and $225 per month for co-pilots net.
In items 3 and 4, you promise to stay in PAL's employ for 5 years and resigning within 5 years will put you in breach of contract and make you liable for damages.
Item 5 states that you must be willing to sign any other document presented to you by PAL as they deem necessary.
Item 6 assigns PAL as your attorney-in-fact and authorizes them to claim your salary from your new employer.
Item 8 forever and irrevocably releases PAL and everyone connected with PAL from suit and liability from you.
This are the figures in our new program. I'm just wondering who dreamed up this new,bright and brilliant idea .
Last edited by tsuper; 5th Apr 2006 at 08:19.
Reason: reformat