Common use of Minimum Annual Guarantee Clause in Contracts

Minimum Annual Guarantee. 13.5.1. Flight Crew Members will be guaranteed a minimum of one thousand (1,000) credit hours per year, prorated daily for a partial year. 13.5.2. A Flight Crew Members minimum pay will be calculated as follows: 80 hours/month guarantee * 12 months / 365 days in a year * 14 days in a pay period = 36.822 credits. 13.5.3. During a month where the Minimum Monthly Guarantee is greater than eighty (80), the difference will be applied in the excess pay for the month. For example, ten (10) hours will be added to Januaryʼs excess pay, which is paid in February. 13.5.4. Credit count applicable to Article 13.4.1 will not include credit for work on a GDO, Vacation or Statutory Holiday.