Collective Bargaining Updates

Amerijet International (CBA Effective June 26, 2023, amendable June 26, 2026)

PRE-ALPA AGREEMENT

Insurance

CBA Protected Plans and “Me Too” Clauses

The current plans for medical, dental AD&D, life insurance, and vision and provide a disability plan will continue per the status quo

Management shall make the union aware of each yearly plan adjustment applied uniformly to plan members

The same life insurance, personal accident, medical, dental, and vision insurance that is available to other company employees will be made available to pilots and their dependents The pilot’s monetary contribution shall not be more than the contributions required of other employees

Management will provide pilots with the option to purchase long-term disability insurance and additional own occupation coverage .

Insurance provided by the company will not exclude terrorism or acts of war if occurs during the scope of employment Management has flexibility regarding plan design and third-party administrator, provided there is no reduction in quantifiable measures determined by both management and the Association or reduction in actuarial value in the plans as of the date of signing

Pilot Premiums Management shall make the union aware of each yearly plan adjustment applied uniformly to plan members

A pilot’s monetary contribution for monthly premiums will not exceed 30% of the total required contribution when aggregated across the medical, dental, and vision plans The pilot’s monetary contribution shall not be more than the contributions required of other employees

The pilot’s contribution to insurance premiums will be made through payroll deductions

Eligibility No provision .

A pilot will be eligible to participate in the insurance plans after 60 days from their date of hire . The effective date of coverage will be the 1st of the month following when the elections are submitted

Meetings and Information Sharing

No provision .

A committee of Association and management members will meet semiannually to review and discuss issues related to insurance benefits Management will share information regarding benefits, costs, claims and experience, and potential plan design changes as early as possible to allow for consultation and input before implementing changes

Retirement

401(k) plan

Company Contributions The company will match 50% of the 4% contributed by the pilot, up to a maximum of 2% .

The Amerijet Airlines 401(k) Savings Plan will be offered to U S participants The company will offer a Puerto Rico 401(k) plan that provides pilots, whose primary residence is in Puerto Rico, with an equivalent benefit as the U .S . pilots, subject to applicable laws, regulations, and federal guidelines . The retirement plan will be amended as soon as administratively feasible after the date of signing to incorporate the provisions in Section 28 Otherwise, no changes that negatively impact the pilots will be made to the Retirement Plans Adoption Agreement document that was in effect on January 1, 2021, unless agreed to in writing by both parties .

The company will make 4% nonelective contributions to each pilot . The nonelective contributions will increase to 6% on June 26, 2024, and 10% on June 26, 2025 .

PRE-ALPA AGREEMENT NEW AGREEMENT

Eligibility No provision in CBA

The plan allowed pilots to be eligible to participate after six months of service

Pilots will begin receiving nonelective contributions on the first day of the pay period following 90 days of service

Pilots are automatically enrolled at a 5% pretax deferral after three months of service The deferral will increase by 1% annually until it reaches a maximum of 10% Pilots will be provided with notice and the opportunity to opt out of automatic deferral and escalation .

Pilots are allowed to make pretax, after-tax, and Roth deferral contributions up to the 402(g) and 415(c) limits . The retirement plan will allow in-plan conversion of non-Roth contributions to Roth

Amounts that cannot be contributed to the pilot’s 401(k) plan account due to the limitations of IRC §415(c) and/or §401(a)(17) will be paid to the pilot in cash

In the event the company is required to regularly make cash payments to the pilots because of IRC §415(c) or §401(a) (17) limits, management will explore the creation of a marketbased cash balance plan as long as it is not found to be administratively burdensome or have material cost associated with its creation or operation

Company nonelective contributions will be made as soon as administratively feasible after the payroll date to which they are related If there is an unintended administrative delay, the company must follow the correction process and guidance from the IRS

Company contributions will be fully vested after four years of service:

The plan provided a six-year graded vesting structure:

1 year: 0%

2 years: 20%

3 years: 40%

4 years: 60%

5 years: 80%

6 years: 100%

Less than 1 year: 0%

1 year: 25%

2 years: 50%

3 years: 75%

4 years: 100%

The company will provide a brokerage option that includes online trading capability, as soon as administratively feasible after the date of signing The investment options in the brokerage sleeve will be registered under the Investment Company Act of 1940 and subject to applicable laws including ERISA regulations, case law, and federal guidance .

Pilots can direct up to 100% of their contributions, vested and non-vested 401(k) funds to be invested through the brokerage sleeve

Pilots will be responsible for any fees associated with the brokerage account, including transaction fees

Meetings and Information Sharing

PRE-ALPA AGREEMENT NEW AGREEMENT

Management shall make the union aware of each plan adjustment and apply them uniformly to the plan members

Management will meet with R&I chair or designee and other Association representatives upon request to discuss investment options, participation, statistics, expenses, and administrative concerns that are related to pilot participants Neither the Association nor the MEC representatives will act as fiduciaries with respect to the Amerijet Airlines 401(k) Savings Plan Management will provide the Association with reports required to be filed with the government, plan documents, annual reports, summary annual reports, summary plan descriptions, and summaries of material modification within 60 days of filing any such reports with the government

In the event the contribution amount by or on behalf of the pilots is reduced by law, regulation, or official guidance, the Association and management will meet as soon as administratively feasible to discuss

Bearskin-Perimeter (JCBA Effective June 20, 2023, expires June 19, 2028)

PERIMETER PRE-ALPA AGREEMENT BEARSKIN PREVIOUS AGREEMENT

New Joint Agreement Insurance

Pilot Premiums

No provision in CBA

Previously, life insurance, shortterm disability, and long-term disability premiums were pilot-paid while health and dental insurance premiums were company-paid . This arrangement resulted in an overall premiums split of 61% pilotpaid and 39% company-paid

The cost of the plan [incl life, STD, healthcare, dental] shared equally by the pilot and the company

The total cost of premiums for all mandatory benefits shall be split equally by the company and the pilots, except for the distinct benefits outlined below

Company-paid portion shall consist of: 75% of healthcare, 100% of basic AD&D, basic life, critical illness, dental, travel, and EFAP

Pilot-paid portion shall consist of: 25% of healthcare, 100% of short-term disability and long term disability

Transitioning to PAG Plans

No provision in CBA

Sick Leave Full-time pilots who have completed three months of pilot service are eligible for unlimited sick days

The company will maintain the following plans through GreatWest Life Assurance Company:

• Policy #57770 (Healthcare, Dental, STD)

• Policy #163780 (Life, Travel)

Leave

New-hire pilots shall receive 15 .8 hours credited to their sick bank Annually, on a pilot’s anniversary date, their sick bank shall be credited with 17 2 credit hours The sick bank cumulative maximum is 40 0 credit hours

Unused sick credits from a pilot’s sick leave bank may be used at the pilot’s discretion immediately prior to retirement

At all times, the company will maintain a program that, at a minimum, consists of the benefits which are presently contained in the Perimeter Benefits Plans #50739 and #178033 Including: Healthcare, Life, AD&D, Critical Illness, Dental, Travel, EFAP, STD, LTD) .

Effective January 1 of each year, all pilots shall be provided with 10 days of sick leave A pilot will carry-over unused sick leave days from the previous year, for future use, up to a maximum of 20 days

A pilot who has completed 10 years of service shall be paid out, at their current hourly rate of pay, the balance of days in their sick leave bank at 4 3 credits per day, upon retirement or departure from the company

All pilots shall be eligible to enroll in the company’s DCP, administered by Great-West Life Assurance Company, after twenty-four (24) months of continuous service with the Company Company match based on Years of service:

• Less than 2 years: No contribution

• 2-10 years: 3% matching contribution

• Greater than 10 years: 4% matching contribution

The company shall maintain the Perimeter Aviation Group Retirement Plan

Pilots shall be eligible to contribute to the RRSP plan immediately

The company matches RRSP contributions to a DPSP based on years of service . All pilot and company contributions are immediately vested The company matching contribution schedule is as follows:

• Less than 1 year: No contribution

• 1-3 years: 3% matching contribution

• 3-5 years: 4% matching contribution

• 5-10 years: 5% matching contribution

• Greater than 10 years: 6% matching contribution

Calm Air (CBA effective May 1, 2023, expires April 30, 2028)