I hope there's a secondary part of the agreement that stipulates that in the event that a staffer works more than 42-43 hrs in a week they are entitled to 1.5x pay. Else its a sucker's deal.

Even with that minimum stipulation, I'm still willing to bet that there will be considerable pressure not to log more than 42-43 hrs; and/or the pressure will be: those that get ahead don't, so....

And I write this not to chortle, but because we really do need to pay people for their work and stop the grey labor economy.