"per the US Airways/USAPA MOU:
- Allow for a $40 million lump sum signing bonus to be equally distributed by USAPA to all eligible pilots as of the Effective Date. This represents approximately $10,000 per pilot.
I feel the plain meaning of the agreement in regards to the MOU between US Airways and USAPA was for each pilot, who was on the US Airways East or US Airways West seniority list on or before Feb 8, 2013, is that such pilot have an equal share of the upcoming $40 million lump sum signing bonus."
I wonder what he thinks the clear meaning of 10h in the MOU was?
Actually the author of the above is wrong. The lump sum wasn't in the MOU, it was in a side letter and here is what it said:
"1. If the Merger is approved by the Bankruptcy Court in In re AMR Corporation, et al., Case No. 11-15963 (SHL), and a merger involving US Airways and American is publicly announced, a lump sum payment of $40 million shall be earned and paid, on the effective date of the Plan of Reorganization as confirmed by the Bankruptcy Court (the "Effective Date"), by US Airways to pilots currently or previously represented by the US Airline Pilots Association (USAPA, or the Association).The payment will be allocated to individual pilots according to a formula to be provided by USAPA, along with each pilots individual allocation. USAPA will provide the formula and the amount of each pilots allocation at least two (2) months prior to the date the payment is to be made.
The $40 million shall be the total amount paid, and no additional fringe benefits or other payments (e.g., DC retirement contributions) shall be made."
It was up to USAPA and they formed an ad hoc committee to study and come up with a proposal for how to allocate the money. One of the members was a westie.
I know none of that matters if it really, really just isn't fair.