Yup

36 months-free blazer or reimbursement for leather jacket purchased (up to base price)

Upgrade-free blazer

6 years-Free leather jacket.

Since upgrade is at 3 years about, you could either get 2 blazers at 36 months (one at 3 years and 1 for upgrade) or one blazer for upgrade and reimbursement for your leather. Seems the leather jacket makes more sense, unless you want 2 blazers.