As a result of the reduction of money budgeted for department areas, we

are forced to cut down on our number of personnel. Under this plan,

older employees will be asked to take early retirement, thus permitting

the retention of younger people who represent our future. Therefore, a

program to phase out older personnel by the end of the current fiscal

year, via retirement, will be placed into effect immediately.

This program will be known as SLAP (Sever Late-Aged Personnel).

Employees who are SLAPPED will be given the opportunity to look for jobs

outside the company. SLAPPED employees can request a review of their

employment records before actual retirement takes place. This review

phase of the program is called SCREW (Survey of Capabilities of Retired

Early Workers). All employees who have been SLAPPED and SCREWED may file

an appeal with upper management.

This appeal is called SHAFT (Study by Higher Authority Following

Termination). Under the terms of the new policy, an employee may be

SLAPPED once, SCREWED twice, but may be SHAFTED as many times as the

company deems appropriate. If an employee follows the above procedure,

he/she will be entitled to get HERPES (Half Earnings for Retired

Personnel's Early Severance) or CLAP (Combined Lump-sum Assistance

Payment) unless he/she already has AIDS (Additional Income from

Dependents or Spouse). As HERPES and CLAP are considered benefit plans,

any employee who has received HERPES or CLAP will no longer be SLAPPED

or SCREWED by the company.

Management wishes to assure the younger employees who remain on board

that the company will continue its policy of training employees through

our Special High Intensity Training (SHIT). We take pride in the amount

of SHIT our employees receive. We have given our employees more SHIT

than any company in this area. If any employee feels they do not receive

enough SHIT on the job, see your immediate supervisor. Your supervisor

is specially trained to make sure you receive all the SHIT you can

stand. And, once again, thanks for all your years of service with us.

The Management