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investigation and hearing conducted by the junior operating official. Such appeal hearing shall beheld within seven days after the receipt of the pilot's request therefor by a senior operating official of the Company designated by the Company for that purpose. 2. Within ten days after the close of such appeal hearing, the Company shall announce its decision in writing and shall furnish the pilot, or his duly accredited representative, a copy thereof. C. GENERAL 1. If any decision made by the Company under the provisions of this section is not appealed by the pilot affected within the time limit prescribed herein for such appeals the decision of the Company shall become final and binding. 2. Nothing in this agreement shall extend the right of investigation and hearing to a co-pilot during his first twelve months of service. 3. If, as a result of any hearing or appeal therefrom as provided herein, a pilot is exonerated he shall, if he has been held out of service, be reinstated without loss of seniority and shall be paid for such time lost in an amount which he would have ordinarily earned had he been continued in service during each period. 4. If, as a result of any hearing or appeal therefrom as provided herein, the pilot shall be exonerated, the personnel record shall be cleared of the charges. 5. When it is mutually agreed that a stenographic report is to be taken of the investigation and hearing in whole or in part, the cost will be borne equally by both parties to the dispute. In the event it is not mutually agreed that a stenographic report of the proceedings shall be taken, any written record available taken of such investigation and hearing made by either of the parties to the dispute upon request, provided that the cost of such written record so requested shall be borne equally by both parties to the dispute. Page Nineteen