37 USC 325 – Incentive bonus: savings plan for education expenses and other contingencies
(a)
(1) A member who, before completing three years of service on active duty, enters into a commitment to perform qualifying service.
(2) A member who, after completing three years of service on active duty, but not more than nine years of service on active duty, enters into a commitment to perform qualifying service.
(3) A member who, after completing nine years of service on active duty, enters into a commitment to perform qualifying service.
Terms Used In 37 USC 325
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See 1 USC 8
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- officer: includes any person authorized by law to perform the duties of the office. See 1 USC 1
(b)
(1) is not less than six years; and
(2) does not include any part of a period for which the member is obligated to serve on active duty under an enlistment or other agreement for which a benefit has previously been paid under this section.
(c)
(1) in the case of an enlisted member, a reenlistment; and
(2) in the case of a commissioned officer, an agreement entered into with the Secretary concerned.
(d)
(1) In the case of a purchase for a member under paragraph (1) of subsection (a), $5,000.
(2) In the case of a purchase for a member under paragraph (2) of subsection (a), the amount equal to the excess of $15,000 over the total of the face amounts of any United States savings bonds previously purchased for the member under this section.
(3) In the case of a purchase for a member under paragraph (3) of subsection (a), the amount equal to the excess of $30,000 over the total of the face amounts of any United States savings bonds previously purchased for the member under this section.
(e)
(1) the purchase price of the United States savings bonds; and
(2) the amounts that would be deducted and withheld for the payment of individual income taxes if the total amount computed under this subsection for that commitment were paid to the member as a bonus.
(f)
(g)
(h)
(i)