RCI Weeks Guide 08.Qxp
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2008-2009 Disclosure Guide ® This publication contains information that indicates resorts participating in, and explains the terms, conditions and use of the RCI Weeks Exchange RCI Weeks Program operated by RCI, LLC. You are urged to read it carefully. DISCLOSURE GUIDE TO Gordon S. Gurnik THE RCI WEEKS EXCHANGE PROGRAM Executive Vice President 7 Sylvan Way, Parsippany, NJ 07054 This Disclosure Guide explains the RCI Weeks John Paul Nichols Exchange Program offered to Vacation Owners by Executive Vice President RCI, LLC (“RCI”). Vacation Owners should carefully 7 Sylvan Way, Parsippany, NJ 07054 review this information to ensure full understanding of the terms, conditions, operation and use of the Mary R. Falvey RCI Weeks Exchange Program. Note: Unless Executive Vice President otherwise stated herein, capitalized terms in this 7 Sylvan Way, Parsippany, NJ 07054 document have the same meaning as those in the Terms and Conditions of RCI Weeks Subscribing Scott G. McLester Membership, which are also included in this Executive Vice President, Legal and Assistant document. Secretary 7 Sylvan Way, Parsippany, NJ 07054 RCI, LLC is the operator of the RCI Weeks Exchange Program. No government agency has Kirsten Hotchkiss approved the merits of this exchange program. Senior Vice President, Legal and Assistant Secretary RCI is a Delaware limited liability company with its 7 Sylvan Way, Parsippany, NJ 07054 principal offices located at: Susan Loring Crane 7 Sylvan Way Group Vice President, Legal Parsippany, NJ 07054 7 Sylvan Way, Parsippany, NJ 07054 Exchanges through the RCI Weeks Exchange Nicola Rossi Program are processed at: Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 9998 North Michigan Road Carmel, IN 46032 Barbara Sellinger Group Vice President, Legal and Assistant Secretary RCI is a subsidiary of Wyndham Worldwide 7 Sylvan Way, Parsippany, NJ 07054 Corporation, a Delaware corporation. Steve Meetre Officers Vice President, Legal and Assistant Secretary 7 Sylvan Way, Parsippany, NJ 07054 Stephen P. Holmes Manager Lynn A. Feldman 7 Sylvan Way, Parsippany, NJ 07054 Senior Vice President and Secretary 7 Sylvan Way, Parsippany, NJ 07054 Virginia M. Wilson Executive Vice President and Manager Gregory T. Geppel 7 Sylvan Way, Parsippany, NJ 07054 Vice President 7 Sylvan Way, Parsippany, NJ 07054 Geoffrey A. Ballotti Chairman and Chief Executive Officer Gail Mandel 7 Sylvan Way, Parsippany, NJ 07054 Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 Ricardo A. Montaudon President Barry Goldschmidt 7 Sylvan Way, Parsippany, NJ 07054 Vice President and Assistant Treasurer 7 Sylvan Way, Parsippany, NJ 07054 Thomas J. Edwards Executive Vice President and Chief Financial Officer Anne Morrison 7 Sylvan Way, Parsippany, NJ 07054 Senior Vice President and Assistant Secretary 1 Sylvan Way, Parsippany, NJ 07054 Ilese Meltzer Flamm Executive Vice President, General Counsel and Steve Hawco Assistant Secretary Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 7 Sylvan Way, Parsippany, NJ 07054 W1 Daniel A Kornick Terry Motsenbocker Senior Vice President Vice President 7 Sylvan Way, Parsippany, NJ 07054 8427 South Park Circle Orlando, FL 32819 Richard G. Ruff III Senior Vice President Rishi Nigam 7 Sylvan Way, Parsippany, NJ 07054 Vice President 7 Sylvan Way, Parsippany, NJ 07054 Blake Morris Senior Vice President and Chief Operating Officer Jeffrey W. Parker 7 Sylvan Way, Parsippany, NJ 07054 Vice President 9998 North Michigan Road, Carmel, IN 46032 Paul F. Cash Group Vice President, Legal Christine M. Parren 7 Sylvan Way, Parsippany, NJ 07054 Vice President 9998 North Michigan Road, Carmel, IN 46032 David Evans Group Vice President, Legal Nicholas Paul 7 Sylvan Way, Parsippany, NJ 07054 Vice President 7 Sylvan Way, Parsippany, NJ 07054 Jeanne M. Bratsafolis Group Vice President, Legal Donald R. Schmal 7 Sylvan Way, Parsippany, NJ 07054 Senior Vice President 9998 North Michigan Road, Carmel, IN 46032 Philip S. Brojan Vice President Faye Tylee 7 Sylvan Way, Parsippany, NJ 07054 Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 Brad A. Dettmer Vice President Frank Campana 7 Sylvan Way, Parsippany, NJ 07054 Vice President 7 Sylvan Way, Parsippany, NJ 07054 Anthony P. Greco Vice President Christopher J. Feeney 7 Sylvan Way, Parsippany, NJ 07054 Senior Vice President and Treasurer 7 Sylvan Way, Parsippany, NJ 07054 Kris M. Jamtaas Vice President Michael S. Heistein 7 Sylvan Way, Parsippany, NJ 07054 Assistant Secretary 7 Sylvan Way, Parsippany, NJ 07054 Vimal Kohli Vice President Kenneth Drake 7 Sylvan Way, Parsippany, NJ 07054 Vice President, Legal 7 Sylvan Way, Parsippany, NJ 07054 Stanley Kreydin Vice President Kim Sanborn 7 Sylvan Way, Parsippany, NJ 07054 Vice President, Finance 7 Sylvan Way, Parsippany, NJ 07054 Deborah A. Lewis Vice President RCI provides the RCI Weeks Exchange Program 9998 North Michigan Road, Carmel, IN 46032 and other related services and benefits to Members. Wyndham Worldwide Corporation (“Wyndham Bradley J. McDonald Worldwide”) is the parent corporation of RCI and Vice President Fairfield Resort Management Services, Inc. 7 Sylvan Way, Parsippany, NJ 07054 (“FRMS”), a resort management company, Wyndham Vacation Resorts, Inc. (“WVR”), Robert L. Minnigan Wyndham Resort Development Corporation Vice President doing business as WorldMark by Wyndham 7 Sylvan Way, Parsippany, NJ 07054 (“WbW”), and Equivest Finance, Inc. (“Equivest”), timeshare companies, and their respective subsidiaries. Some officers and/or directors of Wyndham Worldwide may from time W2 to time serve as officers and/or directors of RCI, imposed by any applicable local, state or federal FRMS, WVR, WbW, and/or Equivest, and vice governmental entity (or its equivalent if the resort is versa. FRMS, WVR, WbW and/or Equivest resorts located in a foreign country) or imposed by a Home are marked with a plus symbol “+” in the Resorts Resort, Home Group, Host Resort or provider of and Members lists. Certain officers and directors accommodations and/or other services. Exchange of RCI may own, or have rights to acquire, privileges may be denied, or a Confirmation shares of stock in Wyndham Worldwide. Other canceled if a Member's Home Resort than as stated in this paragraph, neither RCI nor maintenance fee assessments or similar charges any of its officers or directors has any legal or have not been paid when due as established by beneficial interest in any developer, seller, the Member’s Home Resort or Home Group. In managing entity or vacation ownership plan addition, RCI reserves the right to apply amounts participating in the RCI Weeks Exchange remitted for a Member’s subscription fees to cover Program. RCI is an independent exchange service any unpaid Exchange, Guest Certificate(s), company and is not owned, operated or controlled Cancellation Fee(s) or any other amounts owing and by an Affiliated Resort developer, seller, managing due to RCI. Such application does not relieve the entity or vacation ownership plan participating in the Member from the obligation to pay subscription fees. RCI Weeks Exchange Program. Special charges, user fees or government taxes that may not be required by the Member's Home Resort Because vacation exchange is used intermittently as may be charged to the Member by a Host Resort. If an adjunct to Vacation Ownership, potential so, it is the Member’s obligation to pay those Vacation Owners should select a resort that best charges, fees, or taxes and not the obligation of RCI meets their ongoing vacation needs. A Member’s or the Host Resort. decision to purchase Vacation Ownership should be based primarily upon the benefits to The RCI Weeks Enrollment Application between the be gained from the ownership, use and Vacation Owner and RCI is a separate and distinct enjoyment of the Vacation Ownership Resort and contract from any agreement that a Vacation Owner not upon the anticipated benefits of the RCI may have entered into with the developer or seller of Weeks Exchange Program. The Affiliated Resort the Home Resort, Home Group, or any other at which a Member purchases Vacation vacation provider including any agreement with the Ownership is solely responsible for its financial developer or seller to purchase Vacation Ownership, viability and the quality of its accommodations, or to occupy or use Vacation Time or other property facilities, amenities, management and services. or benefits or packages. Membership provides an opportunity to obtain exchanges pursuant to the RCI PARTICIPATION IN THE RCI WEEKS EXCHANGE Weeks Exchange Program and does not provide a PROGRAM. Participation in the RCI Weeks guarantee of use of Vacation Time at a specific Exchange Program is voluntary. The rights of resort or for specific Travel Dates. membership and term of such memberships may vary among Members and RCI may waive certain RCI reserves the right to offer additional benefits to requirements, in its discretion. Membership in the Members in exchange for Deposited Vacation Time RCI Weeks Exchange Program may be offered for or other compensation. Such additional benefits, varying lengths of time. which may be identified from time to time by RCI, include, but are not limited to, cruises, Alternative The RCI Weeks Exchange Program utilizes a Inventory or other accommodations, products or “deposit” and “withdrawal” system. The Member services. Additional benefits may periodically must first Deposit Vacation Time available for change at RCI’s sole discretion. In addition, RCI exchange, in order to make a withdrawal. Vacation does not guarantee that any specific additional Time may be Deposited by mail, facsimile, internet, benefit will be available to Members, or, if made or by telephone. A Member who Deposits “floating” available, will remain available for any period of Vacation Time must obtain unit and week time. assignments from his/her Home Resort or Home Group before the Vacation Time can be Deposited. EXCHANGE PROGRAM PROCEDURES AND Members who have Deposited Vacation Time OBLIGATIONS. Participation in the RCI Weeks receive a written or electronic Deposit Exchange Program is governed by the terms stated acknowledgment.