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coordinated and exchanged information throughout the chain
regarding that subject matter.
HIC’s human resources vice president acted as the
clearinghouse for human resources policies and procedures,
personnel director for the HIC corporate office and the Hyatt
International sales offices located in the United States, and as
liaison to the third-party administrator for worldwide benefits
and retirement plans. HIC instructed its hotels to buy life
insurance for the hotels' employees and arranged for a life
insurance provider. HIC also arranged a provider for employee
medical insurance. The hotel owners, however, paid the insurance
premiums.
As of January 1, 1975, HIC established the “Hyatt
International Salaried Employees’ Retirement Plan”. On or about
February 26, 1981, HIC initiated “The Money Accumulation Pension
Plan for Third Country National Employees of Hyatt International
Corporation”, effective January 1, 1980. Contributions to the
plan were funded by the owners of the hotels at which the plan
participants were employed.
In 1981, HIC inaugurated the HIC Incentive Compensation
Program for the general managers of Hyatt International hotels.
Under the program, a general manager could qualify for a monetary
award, which was paid by the employing hotel. General manager
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