On a serious note, the terms sound awful (complete slap to the face of professional aviation) and withholding pay until all routes are hit in training is ridiculous - but the type rating and experience could be useful down the road if you look at it from a long-term perspective... Unfortunately, as economies ebb and flow worldwide, aviators need to view themselves as traveling mercanaries these days.
This kind of thinking turned us into cheap whores and wiped off any dignity in this career.
Global economics isn't an excuse. We are our worst enemies.
Of course it isn't a "serious note".