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Hello to everyone on our U.S. teams,
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We have more good news to share as the company continues to see improvement in our business and the overall travel landscape.
While the challenges in 2020 made it untenable for us to make our traditional 401K match contribution for participating staff, based on the positive momentum we are now seeing across the U.S. business, we are rewarding you with a special 401K account contribution this month. This is an entirely voluntary investment for the company, and we all feel strongly that it's an important commitment to support you and invest back in recognition of your hard work.
Thanks to the finance and HR teams for finding a smart solution to enable this contribution as well as to all of you for working hard to make it possible. MMGY Global will be matching dollar for dollar what you contributed to your 401K account in 2020, up to a maximum of $1,000 per person. The contribution should appear in your account in just a few weeks.
If you are new to MMGY this year, you will be eligible for a 2021 matching contribution at the end of the year. As always, the year-end contribution will be based upon the company's performance, but we expect to remain in a strong position to make this happen.
We are proud of how we've all navigated conditions that could not have been more challenging for a company in our space. This investment is part of the optimism we see going forward and the many opportunities that are on offer for MMGY Global and travel recovery.
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Thank you,
Katie, Craig, Hugh, Clayton and Mia
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