Lease Car Program to continue for employees

Posted on Wednesday, October 28th, 2009 at 2:38 PM EDT.

The following message was sent to all U.S. salary non-bargaining unit employees on Wednesday:

Dear Colleague:

As previously communicated, the Company has been exploring financially viable approaches to continue the Employee Lease Car Program.  In recognition of the benefits of this program to you as an employee, and the Company from a quality and durability standpoint, we are pleased to announce the continuation of the Employee Lease Car Program for active employees.  The program will be structured as follows:

• All salary non-bargaining unit employees are eligible to lease two (2) vehicles under the
Employee Lease Program (that can be used by the employee or an eligible family member).

 The Employee Lease vehicles will be offered at 1.9% for a term of two (2) years.

 Eligible drivers remain to be the employee, spouse/same sex domestic partner and dependent children up to the age 25.

• Ordering will begin November 3rd, and roll out over the next six months.  Employees will be assigned an ordering period that coincides with their current lease expiration.  A separate communication will be sent directly to the employee advising of their assigned period.  All required documentation must be received and approved prior to ordering.

 New or returning participants may order during any ordering phase provided that all required documentation is submitted and approved.  However, the numbers of new orders per month will be limited, as determined by management.

Due to financial limitations on the size of the program, the Company had to make the difficult decision to continue with the phase out of the retiree lease program.

Please contact Company Car Programs at 1-800-481-6736 with any questions.

Peter M. Grady
Vice President, Network Development and Fleet

Nancy A. Rae
Executive Vice President, Human Resources

This entry was posted on Wednesday, October 28th, 2009 at 2:38 PM EDT and is filed under Employee and tagged Dashboard. You can follow any comments to this entry through the RSS 2.0 feed. Comments are currently closed.