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    AIMBRIDGE AID

    OVERVIEW

    Aimbridge Hospitality has established a non-profit foundation called Aimbridge Aid. This is a charitable fund that provides financial aid for essential needs to our internal associates during times of crisis.  

     

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    External Definitions

    Natural Disasters- A natural event such as a flood, earthquake, hurricane, fire or tornado that causes great damage or loss of life. 

    Catastrophic Events- An unanticipated occurrence that causes significant loss such a pandemic or act of terrorism.

    Charity- An organization set up to provide help and raise money for a specific humanitarian need.

    Non-Profit Organization- An institution that is dedicated to furthering a particular social cause or advocating for a shared point of view.

    Internal Definitions

    Qualifying Associate- Active Aimbridge employee, or former employee whose employment was recently disrupted by a natural disaster or catastrophic event. 

    Officers- Company executives with oversight responsibility for the foundation and its funds.

    Committee- Group of 8-10 Aimbridge leaders who have been entrusted to make consistent and non-discriminatory disbursement decisions based on criteria per the Foundation’s by-laws and guidelines.

    Financial Hardship- When an Associate is willing but unable to meet their debts and obligations because of unexpected events or unforeseen changes that impact their personal financial situation.

    Eligibility

    The decision to grant an associate financial assistance through this foundation will be made at the discretion of its Officers or an appointed panel. 

    To be eligible, the associate must meet the following criteria:
    •    Employed in a regular, Full-Time or Part-Time capacity
    •    Employed with Aimbridge Hospitality for a minimum of 90 Days 
    •    In good standing with the organization
    •    Not on Leave, unless furloughed or laid off as a result of a disaster or catastrophic event
    •    Not an intern, contractor or temporary associate


    Associates may be disqualified from receiving such aid in the event:
    •    Individual was hired on a temporary basis or through a third-party contract
    •    Falsified Information is discovered
    •    Circumstance changes in a way that need for financial assistance does not meet established criteria or assistance is no longer required
    •    The associate is no longer employed with the Company for reasons other than a disaster or catastrophic event
    •    Funds within the Foundation are not available for provision

    Any exceptions to the above eligibility criteria must be approved in writing by the Foundation's Officers.

    Requesting Financial Aid

    Requests for funds may come from the Associate in need, with awareness of the property General Manager, HRD, above-property management, or Corporate Department Head.  It may also be submitted on behalf of an associate who is in need of financial aid.

    APPLICATION FOR ASSISTANCE

    SOLICITUD PARA ASISTENCIA

    The completed request form must be submitted to Officers or review committee at AimbridgeAid@aimhosp.com.

    Incomplete applications will be automatically denied. 

    Requests for funds are subject to Officers’ or appointed committee’s discretion and approval. Determinations will be made and prioritized based on severity of need, volume of requests and availability of funds.  The Officers/committee will respond to all requests with a formal determination. 

    All requests for funds are confidential and any personal information including the Associate’s name will be omitted from the decision-making process. 
     

    Application Review

    All applications will be reviewed and responded to, with the goal to provide payment to those that are approved within appoximately 2 weeks.  An Officer or designated committee member will respond with the following:

    -    Request for additional information (if needed)
    -    Approval or Decline of request
    -    Issuance of payment (if approved)

    Receiving Payment

    Approved requests will be routed for payment through the Accounts Payable department. No payments will be issued to the Associate’s regular pay cycle or wired to their direct deposit account on file.  

    Tax Implications

    For Recipients: Any individual receiving monies from this fund should report it as taxable income on their annual tax return. 

    For Donors: The Aimbridge Aid Foundation is a registered 501(c)(3) organization under the United States Internal Revenue Code.

    Interpretation of the Plan: 
    The Foundation reserves the right to modify or discontinue the plan at any time.
     

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