Common use of TRAINING CONTRACTS Clause in Contracts

TRAINING CONTRACTS. The purpose of a training contract agreement, or training bond, is to provide financial protection to the Company in the event a Pilot leaves employment during the term of the training agreement. The parties to this Agreement agree that the Company will maintain its practice of providing training to Pilots, subject to the Pilot’s signing of the Company’s training contract of which the format may be amended by the Employer from time to time. See attached at Appendix B for a copy of the current training contract at time of ratification, which may be amended from time to time, with notice to the Union.