Looks to me that they did as "as the prop" states. Looking through my old contract book, Art. 2 b and new book Art. 2 b, there are drastic changes. Old language is taken out, but I can't find an agreement anywhere why it was changed.
Is this the current language?
7 B. The Agreement shall be binding upon the Company and any Successor,
8 defined as a purchaser, assignee or transferee of all or substantially all of
9 the assets or stock of the Company or US Airways Group. Neither the
10 Company nor US Airways Group shall enter into an agreement with a
11 Successor which creates a Successor Transaction unless the Successor
12 agrees, in writing, as a prior condition of the Successorship Transaction,
13 to cause the Company and US Airways Group to continue to be bound by
14 the Agreement, as it may be amended pursuant to the provisions of
15 applicable law, and to cause any operating airline which obtains the
16 assets of the Company to honor and be bound by the Agreement as it
17 may be amended pursuant to the provisions of applicable law.
18 If a Successor is an air carrier, and the Successor conducts an operational
19 merger between the Company and the Successor or another air carrier,
20 then the Successor will provide the Company employees with a seniority
21 integration governed by Sections 2, 3 and 13 of the Allegheny-Mohawk
22 Labor Protective Provision.
23 Upon a change in control defined as the sale of all or substantially all of
24 the assets or common stock of the Company or US Airways Group in a
25 single transaction (or in multi-step related transactions) to a single
26 purchaser (or a group of purchasers acting in concert), the hourly rates of
27 pay under this agreement shall be increased to the rates which would
28 have been effective following the Pay Parity Adjustment in June 2002
29 under the Letter of Agreement on pages 96-100 in the basic agreement.
30 In addition to such hourly rates of pay, the CWA will have the right to
31 extend the duration of the CWA Restructuring Agreement for one, two or
32 three years at the CWA’s option, past the amendable date of the CWA
33 Restructuring Agreement, with across the board wage increases of four
34 and one half percent (4.5%) on the amendable date and on each of the
35 three (3) annual anniversaries of the amendable date thereafter (i.e.
36 12/31/09, 12/31/10 and 12/31/11). For the purposes of this paragraph,
37 “Common Stock†is the Common Stock of US Airways Group, which are
38 then outstanding and the Common Stock issuable on exchange, exercise,
39 and/or conversion of securities of the Company or US Airways Group
40 which are then currently exchangeable into, exercisable for, or
41 convertible into such Common stock.
42
1 The Company shall request that the employees covered by this
2 Agreement shall be provided seniority integration governed by Sections
3 2, 3 and 13 of the Allegheny-Mohawk Labor Protective Provision if the
4 Successorship transaction is a hostile takeover by a person, partnership,
5 corporation or other entity with whom or with which the Company has
6 no agreement concerning the terms of the said Successorship transaction.
