Contract...
The contract is a $18,000 training contract for 24 months. This is for SIC training (no type rating is ever mentioned) If you leave anytime in the first 12 months, for any reason (even if you fail training - hey, that's how it reads) you own the full $18,000.
After the first 12 months, it goes down at 6% per month, until the last month when the remaining 28% drops off.
You also sign something called a "Cognovit Note". This basically says that if you leave prior to 24 months you agree to allow the company to get a summary judgement against you. This is for the amount left in the training contract without you being able to defend yourself in court. And they will add 10% per year as well.
Also, it says that if you default on the contract (I'm guessing that means you won't pay, and they have to come after you) you are agreeing to 25% additional for lawyer's fees.
And you waive all rights of appeal.
That said - and I may of overlooked an item or two - in the past, they have not been as harsh as this sounds. But, they can be. I know people who have failed training, and not had to pay - but you may have too.
Before you pick a place to work, try to find out as much as you can before you go there.
I have found that ugrades times you hear of are usually the fastest that someone has done it in the last few years. At the last three places I've worked, if you took the quoted upgrade time and doubled it - that was when I upgraded.
iaflyer