Myriad Milestone Program
We developed our Milestone Awards program with the following goals in mind: offering milestone rewards that can be utilized in a timely manner, celebrating our teammates commitment through more frequent and earlier recognition, and incorporating feedback from company-wide surveys where we heard our teammates prefer the opportunity to choose a reward that is meaningful to their individual needs. All available awards are detailed below.
Staff members become eligible for service awards based on their years of service. Please note that the years of service calculation begins on the first day that a staff member is hired as a Full-Time Regular employee.
Eligible employees will receive an email on the 1st of the month in which they reach their milestone. This email will contain a link for selecting their milestone award. Employees must make their selection by the 10th of that month. The award will then be received on or around the 20th of the same month.
Myriad Awards
All awards are subject to applicable taxes. Myriad reserves the right to amend these programs at any time. These programs do not change employees' at-will status. All cash awards will be taxed as supplemental income at approximately 35%. AwardCo points show adjusted amounts to cover taxes.
Five Year Milestone Award
Choice of one of the following: $2,000 in cash or 2,000 points (1,300 points after tax) on recognition platform (AwardCo).
Ten Year Milestone Award
Choice of one of the following:RSUs valued at $5,000 (with 3-year vesting schedule), $3,000 in cash, or 3,000 points (1,950 points after tax) on recognition platform (AwardCo).
Fifteen Year Milestone Award
Choice of one of the following:RSUs valued at $7,500 (with 3-year vesting schedule), $5,000 in cash, or 5,000 points (3,250 points after tax) on recognition platform (AwardCo).
Twenty Year Milestone Award
Choice of one of the following:RSUs valued at $10,000 (with 3-year vesting schedule), $7,500 cash, or 7,500 points (4,875 points after tax) on recognition platform (AwardCo).
Twenty-Five Year+ Milestone Award
Choice of one of the following:RSUs valued at $15,000 (with 3-year vesting schedule), $10,000 cash, or 10,000 points (6,500 points after tax) points recognition platform (AwardCo).
Note: Every five years after 25 you will receive this same award (ex: 30yrs, 35yrs, 40yrs etc.)