Page 328 - Demo

Normalized Calendar %u2013 all transactions are based on a 30-day month, regardless of the actual amount of days in a particular month. Ownership Interest %u2013 an interest in (i) a fixed or floating timeshare interval, (ii) an undivided timeshare interest, (iii) an estate for years, (iv) a leasehold/membership or %u201cright to use%u201d interest or (v) other interests which may be accepted into the Vacation Plan.Personal Interval Choice (PIC) Express %u2013 provides eligible Club Wyndham Members the opportunity to enroll non-Club Wyndham qualified week(s) toward their VIP by Wyndham status for 5 years. Refer to page 313.Personal Interval Choice (PIC) Plus %u2013 allows eligible Club Wyndham Members to enroll non-Club Wyndham qualified week(s) affiliated with RCI in exchange for Club Wyndham points. Refer to pages 312-313.Plan Manager %u2013 the administrative manager of the FairShare Vacation Plan Trust (Wyndham Vacation Resorts).Point Saver %u2013 reduced point cost for suites with an obstructed view. Points Deposit Feature %u2013 a feature that allows Members to place all or a portion of their current Use Year points into a future Use Year for use at Club Wyndham resort locations during the Standard and Express Reservation windows.Presidential Reserve %u2013 a level of membership within Club Wyndham for owners who have purchased and continue to own within one contract (i) an undivided ownership interest in a Presidential Reserve Suite(s) at an individual resort; or (ii) Presidential Reserve Points in a Club that owns an undivided ownership interest in, or an Assigned Use Right to occupy, a Presidential Reserve Suite(s); or (iii) an undivided ownership interest at a Presidential Reserve Resort with an Assigned Use Right to occupy a Presidential Reserve Suite(s). A minimum allocation of at least (a) 1,000,000 Club Wyndham points in a Presidential Reserve Suite(s) or in an undivided ownership interest at a Presidential Reserve Resort with an Assigned Use Right to occupy a Presidential Reserve Suite(s); or (b) 1,000,000 Presidential Reserve Points in a Club that owns an undivided ownership interest in, or an Assigned Use Right to occupy, a Presidential Reserve Suite(s) is required to be held at all times for membership in Presidential Reserve. Only points purchased directly from Wyndham Vacation Resorts, its affiliates or as otherwise established by Wyndham Vacation Resorts, or a Presidential Reserve Ownership Interest acquired from an Immediate Relative are eligible to be counted toward full Presidential Reserve benefits.Presidential Reserve Resort %u2013 a Club Wyndham resort that includes Presidential Reserve Suites.Presidential Reserve Suite %u2013 an upgraded suite that is designated as a Presidential suite and is part of the Presidential Reserve program. Property Owners%u2019 Association (POA)/Home Owners%u2019 Association (HOA) %u2013 the %u201chome%u201d resort condominium, townhouse, or timeshare association to which an owner belongs.Reciprocal Advance Reservation Priority (RARP) %u2013 a benefit for Members with an assigned RARP certificate allowing them the ability to request a reservation outside their %u201chome%u201d resort at another eligible Club Wyndham resort up to 1 month before it becomes available during the Standard Reservation window. Eligible reciprocal resorts include nonPresidential Reserve Suites at resort locations. Eligible resorts are indicated with an asterisk in the Resort Index on pages 328-331.Reservation Timeline %u2013 the time frames in which particular reservation types can be made within the Club Wyndham program.Season %u2013 the time division into which the use days at each resort location or association are divided by demand into Prime, High, Value, and Quiet seasons.Standard Reservations %u2013 reservations that may be confirmed from 10 to 3 months in advance of the desired check-in date. Refer to page 297.Suite Type %u2013 the size, layout, sleeping capacity, style and other features of suite accommodations.Timeshare Owner Priority Reservations %u2013 access to Club Wyndham resorts reserved for Club Wyndham owners during certain restricted dates.Undivided Interest Ownership (UDI) %u2013 ownership interest in a suite or group of suites at a %u201chome%u201d resort that includes the right to use accommodations. The use rights of the ownership interest are assigned to the FairShare Vacation Plan Trust in exchange for Club Wyndham points.Use Rights %u2013 the rights a Member has to use, occupy, and possess a suite accommodation, which are assigned to the FairShare Vacation Plan Trust in exchange for Club Wyndham points.Use Year %u2013 the 12-month period during which a Member may travel on vacation using their point allocation. Use Year End Date %u2013 the last day of the Use Year assigned by the Plan Manager in which any unused points and Housekeeping Credits allocated to a Member will expire.Use Year Start Date %u2013 the first date that a Member may travel during the 12-month Use Year.VIP Reciprocal Advance Reservation Priority %u2013 a benefit that is afforded to VIP by Wyndham Members allowing them the ability to request a reservation outside their %u201chome%u201d resort at another eligible Club Wyndham resort up to 1 month before it becomes available during the Standard Reservation window. Eligible Reciprocal resorts include non-Presidential Reserve Suites at resort locations and are identified by an asterisk in the Resort Index on pages 328-331.Waitlist Request %u2013 ability to place a request for an unavailable resort, suite, arrival date, and/or length of stay while the system searches for availability.Wyndham Vacation Resorts %u2013 Wyndham Vacation Resorts, Inc., a Delaware corporation. 324