More information about the upgrade deal can be found on Microsoft's website.
Also on Thursday, Microsoft announced that Office 2016 would be available through its Home Use Program (HUP) starting Wednesday, Oct. 7.
HUP is accessible to employees of companies that license Office through volume agreements linked to Software Assurance, an annuity-like program where firms pay Microsoft a fee over a multi-year span for the right to upgrade to any new versions of a particular product.
Under HUP, workers pay $9.95 for an Office Professional 2016 license (for Windows) or $9.95 for an Office for Mac Home & Business 2016 license (on OS X). Each license can be installed on up to two home Windows PCs or two home Macs that the employee owns.
Employees of firms or organizations that subscribe to Office 365 rather than purchase Office licenses are not eligible for HUP. Instead, they can use their work Office 365 account to install Office on their home PCs or Macs that they also use for business purposes.
Sign up for CIO Asia eNewsletters.