wingroot, that is correct. However, the company ops manual must allow the logging of ICUS time, and any conditions attached to that logging.
Given the form of this mob, the ability to keep these cadets on a dirt cheap contract for 6 years it would be tempting for a bonus driven manager. Denying the ability to log ICUS time, or only allowing to be logged with approved captains would slow down the time to gain the ATPL. Of course, should that present a problem in the future, they could simply modify the policy as they see fit.
They could keep these cadets on a very short leash for a long time. Lets face it , they own them, lock, stock & barrel, they are indentured labor.