THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING THE SALE OF TIME-SHARE PROPERTY OR INTERESTS IN TIME-SHARE PROPERTY.
A
Advance Reservation Priority (ARP)
A feature of the Club Wyndham program that gives owners priority to request and confirm reservations at their “home” resort(s) in advance of the standard reservation window.
Affiliate Locations
Resorts at which accommodations are made available when individual timeshare owners assign the use rights of their non-Wyndham Vacation Resorts ownership interest to the Club Wyndham program.
Associate Locations
Additional non-Wyndham Vacation Resorts developed or managed resorts where occupancy may be available to Club Wyndham owners for a limited period of time, seasons, and/or accommodations.
Assigned Use Right
The automatic right of an owner, as set forth in their deed or purchase contract, to occupy a specific unit, a specific unit type, or a Presidential Reserve Suite(s).
B
Biennial Ownership
Ownership interest in a unit or group of units that includes the allocation of points with usage in alternate years, either every even year or every odd year. The use rights of the ownership interest are assigned to the FairShare Vacation Plan Trust in exchange for Club Wyndham points.
Bonus Points
Developer points that are offered to new owners when purchasing a new ownership through Wyndham Vacation Resorts. Bonus Points have up to a 24-month usage period in the Club Wyndham program.
Borrowing Points
During the express reservation timeframe, if an owner needs additional points to complete a reservation in the Use Year they are planning to travel, they have the option to borrow only from the next available Use Year following the check-in date of the reservation.
C
Charitable Gift
A feature that allows Club Wyndham owners to gift unused points to participating charities to be used for resort stays.
Club
A single-site or multi-site timeshare plan developed or offered by or through Wyndham Vacation Resorts or an affiliate, in which club members do not own a deeded interest in the club’s resort properties, and their use rights within the club are denominated in points.
Club Pass®
An internal exchange program operated by Club Pass and available to Club Wyndham owners which provides access to additional resorts using eligible Club Wyndham points.
Club Wyndham Access Vacation Ownership Plan
Club Wyndham Access is a timeshare plan in which certain inventory at multiple resorts is deeded fee simple, without financial encumbrances to First American Trust, a Federal Savings Bank, as trustee for the PTVO Owners Association, Inc. ("Association"), the property owners association for Club Wyndham Access owners. The Association is the beneficiary of the trust.
Club Wyndham Assessment
The fee members pay to Club Wyndham for the operation of the program (“Program Fee”) as well as to cover the expenses related to the use rights assigned to the FairShare Vacation Plan Trust, including the maintenance fees assessed by the Home Owners’ Association of the “home” resort (“HOA Fee”).
Club Wyndham Kai
An exclusive membership for owners at eligible Hawaii resorts. Members have priority in reservations and a privileged holding period at select Club Wyndham Hawaii resorts, as well as exclusive access to accommodations at select Outrigger brand hotels in Hawaii.
Club Wyndham Points
The symbolic unit of measure allocated to an owner in connection with the use rights in an owner’s ownership interest, which has been assigned to the FairShare Vacation Plan Trust. Points have no intrinsic value separate and apart from the ownership interest. Points are used to establish value for seasons, unit size, and resort locations.
Club Wyndham Presidential Reserve ("Presidential Reserve")
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 million 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 million 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 Club Wyndham 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 Club Wyndham Presidential Reserve benefits.
Club Wyndham Select
A designation within Club Wyndham identifying owners who own a converted fixed interval week, a float/flex interval or a UDI interest in a single “select” resort which is their “home” resort.
Club Wyndham Resort Collection
The resorts and hotels that are available directly through Club Wyndham using Club Wyndham points. The Club Wyndham Resort Collection does not include resorts or hotels that may be available using external programs including Plus Partners®, Worldwide External Exchanges, Adventures, etc.
F
FairShare Vacation Owners Association
The nonprofit corporation made up of all members of the FairShare Vacation Plan.
FairShare Vacation Plan Trust
The trust to which the members assign their use rights for ownership interests. Also referred to as the FairShare Vacation Plan, Vacation Plan, Vacation Program and/or Club Wyndham.
Fixed Interval Week
Ownership interest in a specific unit at a resort that includes the right to use accommodations during a specific seven-day period each year. The use rights of the ownership interest are assigned to the FairShare Vacation Plan Trust in exchange for Club Wyndham points.
Fixed/Float Week Conversion
The assignment of a fixed or float interval week to the FairShare Vacation Plan Trust.
Float/Flex Interval Week
Ownership interest in a specific unit at a resort that includes the right to use accommodations during a specific seven-day period each year. The use rights of the ownership interest are assigned to the FairShare Vacation Plan Trust in exchange for Club Wyndham points.
G
Guest Confirmation
A confirmation that is issued when a Club Wyndham owner allows a guest to occupy their reserved unit accommodations. Guest confirmations are required for each unit the owner(s) of record is not occupying.
H
"Home" Resort - Club Wyndham Access Owners
Those resorts which are part of the Club Wyndham Access Vacation Ownership Plan to the extent of the interests owned by Club Wyndham Access in each resort.
“Home” Resort – Club Wyndham Presidential Reserve Members
Those designated Presidential Reserve Suites® at the resort in which the Presidential Reserve Member has an ownership interest.
"Home" Resort - Club Wyndham Select Members
The resort where the member’s ownership interest is located, other than those accommodations at the resort designated as a Presidential Reserve Suite or those interests at the resort that are part of the Club Wyndham Access Vacation Ownership Plan.
Housekeeping Credits
Credits provided to each owner based on the number of points owned, to exchange for the housekeeping of the resorts. One housekeeping credit is required for each reservation.
L
The Legacy Collection
A designation for the earliest resorts in Club Wyndham, which share certain similarities such as more rural scenic locations, an abundance of outdoor activities on site, and campus-like settings that require a car to enjoy the area.
Lockoff Unit
A unit that can be divided into two separate sides and can be used as a larger single or as two smaller and separate units.
M
Maintenance Fee/Home Owners’ Association Fee
The annual fee and/or assessment paid to the timeshare home owners’ association for the operational costs of ownership interests who have assigned their use rights to the FairShare Vacation Plan Trust.
Margaritaville Vacation Club®
Margaritaville Vacation Club® is a specific interest multi-site timeshare plan where resort properties are deeded to, and held in, a trust for the benefit of Margaritaville Vacation Owners Association (“MVOA”), the owners association for Margaritaville Vacation Club. Owners become members of MVOA with a perpetual right to use Margaritaville Vacation Club resort properties. Margaritaville Vacation Club is affiliated with the Club Wyndham program and offers Margaritaville Vacation Club owners access to the benefits associated with membership in Club Wyndham.
Member
Someone who becomes a Club Wyndham participant as a result of the use rights of their ownership interest being assigned to the Club Wyndham Plus program.
N
Nightly Unit Limit
During the standard and express reservation timeframes, no more than 10 units may be confirmed per resort per night. For locations with less than 50 units, no more than 20% of the total units in the club may be reserved.
Non-Wyndham Vacation Resorts Managed Association/Units
A home owners’ association/unit that is not managed by Wyndham Vacation Management, Inc. or an affiliate.
Normalized Calendar
All time-sensitive transactions are based on a 30-day month, regardless of the actual amount of days in a particular month.
O
Ownership Interest
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 “right to use” interest or (v) other interests which may be accepted into the Vacation Plan.
P
Personal Interval Choice (PIC) Express
A program feature that provides eligible Club Wyndham owners the opportunity to enroll non-Wyndham Qualified Week(s) toward their Club Wyndham VIP status for five years.
Personal Interval Choice (PIC) Plus
A program feature that allows Club Wyndham owners to enroll non-Wyndham qualified timeshare weeks affiliated with RCI in exchange for Club Wyndham points.
PIC Plus Points
Points that are allocated to an owner’s account when the owner requests an exchange of their non-Club Wyndham week for Club Wyndham points when participating in the PIC Plus program.
Plan Manager
The administrative manager of the FairShare Vacation Plan Trust (Wyndham Vacation Resorts).
PlusPartners
A benefit offered to Club Wyndham owners that allows the member to use their points to book airline tickets, car rentals, cruises, hotel accommodations within the Wyndham family of hotels and resorts, and theme park tickets when staying in Orlando.
Points Conversion to Maintenance Fees
Allows owners to convert Club Wyndham points to maintenance dollars, which are then applied toward assessment fees.
Points Protection Program
A feature that gives owners the ability to avoid points and housekeeping credit forfeiture when cancelling reservations during the points forfeiture window.
Point Saver
Reduced point cost for units with an obstructed view.
Points Deposit Feature
A feature that allows owners to place all or a portion of their current Use Year points into a future Use Year for use at Club Wyndham and Club Pass resort locations during the standard and express reservation windows.
Presidential Reserve Points
The symbolic unit of measure allocated to an owner in connection with their purchase of an ownership interest in a club that owns an ownership interest in a Presidential Reserve Suite(s) or has an assigned use right to occupy a Presidential Reserve Suite(s). Presidential Reserve points are only issued to owners having an ownership interest in a club. Owners with a deeded ownership interest in a Presidential Reserve Suite(s) or an assigned use right to occupy a Presidential Reserve Suite(s) are issued Club Wyndham points.
Presidential Reserve Resort
A Club Wyndham resort that includes Presidential Reserve Suites.
Presidential Reserve Suite®
A designated Presidential unit that is part of the Club Wyndham Presidential Reserve program.
Property Owners’ Association (POA)/Home Owners’ Association (HOA)
The “home” resort condominium, townhouse or timeshare association in which an owner belongs.
R
Reciprocal Advance Reservation Priority
A benefit for owners with an assigned RARP certificate allowing them the ability to request a reservation outside their “home” resort at another eligible Club Wyndham resort up to 1 (one) month before it becomes available during the standard reservation timeline. Eligible reciprocal resorts include non-Club Wyndham Presidential Reserve Suites at resort locations.
Reservation Timeline
The timeframe in which a particular reservation type can be made within the Club Wyndham program.
Reservation Transaction
Members are awarded 1 (one) reservation transaction for every 77,000 points they own every calendar year (January 1), regardless of the member's Use Year. A reservation transaction is required for the following activity within the Club Wyndham program: booking a Club Wyndham resort reservation, booking a Club Pass reservation, completing a PlusPartners transaction, depositing points into RCI, conversion of points to maintenance dollars, Adventures club reservations, Land and Sea cruise reservations.
S
Season
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
Reservations that may be confirmed from 10 to three months in advance of the desired check-in date.
T
The Registry Collection
An exclusive exchange benefit for Club Wyndham Presidential Reserve Members that is offered in addition to membership in the Worldwide External Exchange company that is part of their Club Wyndham ownership.
U
Undivided Interest Ownership (UDI)
Ownership interest in a unit or group of units at a “home” 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.
Unit Type
The size, configuration, sleeping capacity, style and other features of unit accommodations.
Use Rights
The rights an owner has to use, occupy and possess a unit accommodation, which are assigned to the FairShare Vacation Plan Trust in exchange for Club Wyndham points.
Use Year
The 12-month period during which an owner may travel on vacation using their point allocation.
Use Year End Date
The last day of the Use Year assigned by the plan manager. The unused points and housekeeping credits allocated to an owner expire each year.
Use Year Start Date
The first date that an owner may travel during the 12-month Use Year.
V
VIP Reciprocal Priority Reservation
A benefit that is afforded to Club Wyndham owners with VIP benefits allowing them the ability to request a reservation outside their “home” resort at another eligible Club Wyndham resort up to 1 (one) month before it becomes available during the standard reservation timeline. Eligible reciprocal resorts include non-Club Wyndham Presidential Reserve Suites at resort locations.
W
Wyndham Rewards®
The world’s largest hotel loyalty program. Members can earn Wyndham Rewards points which can be redeemed for free hotel stays, car rentals, gift cards, maintenance fee credits, external exchange fees, and Perks by Club Wyndham membership fees.
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