In my case, small base, three f/o's, 3 capts. (I was one). I was declared medically unfit pending enquiries (CAA promised that medical should be restored in less than 2 months. Immediately Co asked for my company credit card and indicated that I was no longer required. Medical restored in 6 weeks. Capt transferred from another base to replace me. Reported to Co. that medical restored. Co. replied G** St****d. No notice or payment in lieu.
A few weeks later another capt. at same base looses medical for six weeks. This capt. is on identical contract. He is still flying for said Co. In view of the money I saved said Co. and service I provided over 2.5 years of hard work I thought it a little unfair. This is what happens when there are not enough jobs and surplus pilots. This is the trouble with verbal contracts!
This is the industry (we) you work in chaps!