Yes, that picture really shows what a ski jump is. The neck has taken a distinct kink right in the 12th-14th fret area. In this case the bend looks to be centered on the 14th.
Look at how the neck from the 14th to the heel is basically flat. It's not that the end of the heel curls up. The entire heel stays still on the body, while the rest of the neck bends up. That's why you run out of vertical travel of the bridge saddles. The main length of the neck has bent upward.
And look at the main length of the neck, from the nut to the 12th. It's actually somewhat backbowed, with a hump at the 5th fret. This is because the owner has over-tightened the truss rod, trying to fix the ski jump. It doesn't work. It back-bows the main part of the neck, and doesn't correct the ski jump at all.
So, there's your classic S-bend neck. Low at the nut, high at the 5th, low at the 14th, high at the 20th.
And I'll repeat it again: This is not caused by natural warpage, or leaving it in the sun, or changing the climate it's in.
The ski jump (aka 12th fret kink) condition is caused by structural overload. The neck design and/or the piece of wood is only marginally able to handle the load of the strings under tension. Over time, the wood at the back of the neck behind the 12th-14th frets stretches, causing the kink.
It's a weakness in the design of the instrument. The neck needs to be a little thicker in that zone, or have some internal reinforcement. If the piece of wood happens to be on the strong side, it'll be okay. If the wood's a little soft, it kinks. It's a marginal situation.
Most Fenders are okay and don't kink through their lifetime. But many do. Fender has known about this problem for decades, and they've done nothing about it. Don't touch Leo's design, you know. They just continue to allow a certain percentage of their necks to fail over time. It's a shame. A small design change would fix the problem.
This is why, when you are shopping for a bass, particularly a Fender or Fender-clone, you've got to sight down the neck. Action or relief out of spec aren't a big worry. But you need to look carefully at the 12th-14th zone to see if any ski jump condition is developing. That's a serious problem that's going to require some serious work to fix.