The term PERKS (UP) can be broken down into two crossword solutions: PEPS (4 letters) and LIVENS (6 letters). PEPS stands for 'Performance Evaluation and Planning System' and is a software system used to evaluate employee performance. LIVENS stands for 'Living Incentives and Vouchers for Employees and Neighbors' and is a program that provides employees with rewards such as discounts, vouchers, and other incentives. Both PEPS and LIVENS are used by companies to reward employees for their hard work and dedication.