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RESORT DIRECTORY 2014 – 2015

329

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II, therefore, in order to achieve its goal of providing the Club

Program Exchange Member or Individual Member with an exchange

experience comparable to that which the Week relinquished provides,

assigns a priority to each request based on the following factors:

(a)

The supply of and demand for, within the Exchange Program, the

Week deposited or being offered in exchange and the Home Resort.

(b)

The supply of and demand for, within the Exchange Program, the

Week and Member Resort being requested in exchange.

(c)

The quality, facilities, and overall experience offered by the Home

Resort as compared to the quality, facilities, and overall experience of the

Member Resort being requested in exchange. This is based on evaluation

forms received from exchange guests to such Member Resort, resort

inspections and evaluations, and other information received by II regarding

the resort.

(d)

When the exchange request is received by II. The earlier of two

identical requests for the same vacation Week with identical relinquishment

will receive priority.

(e)

The amount of time prior to the first date of occupancy that the

relinquished Week is provided to II.

(f)

The unit type and private sleeping capacity being relinquished as

compared to the unit type and private sleeping capacity being requested.

The priority established for exchange requests is based on the number of

persons that the deposited or to-be-relinquished accommodations will

accommodate privately. The number of persons accommodated privately is

generally determined on the basis of two people per private sleeping area

having access to a bathroom. Such bathroom access must not interfere with

the privacy of the people who occupy the unit’s other private sleeping areas.

All of the above factors, with the exceptions of when a Club Program

Exchange Member or Individual Member relinquished his or her Week,

when a request is received, and the unit size and configuration of the Week

relinquished and requested, are constantly changing and are updated by II

on an ongoing basis.

10. Individual Members may be restricted from exchanging into resorts

located within the same geographical area as the accommodations being

deposited or relinquished. There are currently restrictions in Aruba;

Barbados; Cabo San Lucas, Mexico; Cancún, Mexico; Cyprus; Dominican

Republic; Door County, Wisconsin; Eastern British Columbia, Canada;

Gatlinburg/Pigeon Forge, Tennessee; Grand Bahama Island; Grand Cayman

Island; Guatemala; Hawaii (the Big Island); Maui, Hawaii; Kauai, Hawaii;

Hilton Head, South Carolina; Lake Tahoe, California; Las Vegas, Nevada;

Madeira, Portugal; Malta; Marco Island, Florida; Mazatlán, Mexico; Naples,

Florida; Okaloosa/Walton County, Florida; Orlando/Kissimmee, Florida;

Palm Desert, California; Palm Springs, California; Phuket, Thailand;

Puerto Vallarta, Mexico; Riviera Maya, Mexico; Riviera Nayarit, Mexico;

St. Maarten; Stateline, Nevada; Summit County, Colorado; Virginia Beach,

Virginia; and Williamsburg, Virginia. Generally, this restriction does not

apply to Club Program Exchange Members or Individual Members

requesting an exchange to a MVCI Resort or another Member Resort under

common ownership or management with the MVCI Resorts, pursuant to

the Section titled Marriott Vacation Club Internal Exchange Procedures and

Priorities below. Additional geographic areas may be restricted in the future.

Club Program Exchange Members and Individual Members affected by any

future restrictions will be advised via II’s regular publications.

11. Club Program Exchange Members seeking an exchange based on the

relinquishment of a Week(s) and Individual Members may request to travel

with a number of people equal to the maximum occupancy of the Week

deposited or to be relinquished, provided that the number of people

traveling does not exceed the standard traveling party size applicable to

such accommodations. The standard traveling party size associated with

each unit type is as follows: hotel, studio, or efficiency unit — two persons;

one-bedroom unit — four persons; two-bedroom unit — six persons;

three-bedroom unit — eight persons, and four-bedroom unit — 10 persons.

12. Confirmations may be made into any unit that will accommodate the

number of people in the Club Program Exchange Member’s or Individual

Member’s traveling party, even where the accommodations deposited or

relinquished can accommodate a greater number of people. For example, if

a Club Program Exchange Member or Individual Member relinquishes a

two-bedroom unit that accommodates six people, but is traveling with only

four people, he or she may be confirmed into either a two-bedroom or

one-bedroom unit. In all instances, exchange opportunities are enhanced by

accepting any unit that will accommodate the number of people traveling.

GENERAL EXCHANGE PROCEDURES AND PRIORITIES

To utilize the exchange privilege, pursuant to these terms and

conditions, including Special Exchange Services, Club Program Members

and Individual Members must be in good standing with II, MORI, and, as

it relates to the Club Program Members, the MVC Destinations Program

from the time a deposit is made and/or a request is placed through the

actual requested and/or confirmed travel dates and/or, in the case of a Club

Program Exchange Member choosing to continue to receive his or her

exchange benefits based on the relinquishment of a Week(s), and all

Individual Members, the commencement date of the Week deposited

(whichever occurs later). Further, MORI and the MVC Destinations

Program must be in good standing with II.

2. All regular exchange requests must be received by II at least 60 days

in advance of the commencement date of the earliest Week requested. For

exchange requests made less than 60 days prior to the travel date requested,

Flexchange is a service in which vacation exchange requests may be

submitted from 59 days up until 24 hours in advance of the travel dates

desired. Available Host Accommodations for the date requested will be

offered, and a Confirmation will be instantly issued if one of the availabilities

is accepted at the time of the offer. Holiday, summer, and other highly

demanded weeks usually are not available through Flexchange.

3. Once an exchange request is submitted, it may be canceled only if

notice of cancellation is received by II prior to Confirmation of the request.

Once issued, a Confirmation may be canceled only in accordance with II’s

Exchange Cancellation Policy, as described in Paragraph 8 below.

4. To submit a valid exchange request, a minimum of three different

resorts and one time period, three different time periods and one resort, or

two different resorts and two different time periods must be requested.

Club Program Members and Individual Members may be confirmed into

any resort or time period requested.

5. ShortStay Exchange (“ShortStay Exchange”) is an exchange service

offered by II to members in good standing with the Interval Gold and

Interval Platinum membership programs, in which, upon payment of the

appropriate fee and any applicable tax, Club Program Members and Individual

Members can be confirmed to resort accommodations for periods of less

than seven days. A Club Program Member may relinquish Points or, in the

case of a Club Program Exchange Member choosing to continue to receive

his or her exchange benefits based on the relinquishment of a Week(s) as

well as all Individual Members, a Week(s) may be relinquished to participate

in a ShortStay Exchange. Club Program Exchange Members and Individual

Members relinquishing a Week may secure up to two ShortStay Exchange

Confirmations for resort accommodations of equal or lesser size than the

Home Resort accommodations, while those Club Program Members

relinquishing Points may confirm as many ShortStay Exchange Confirmations

as their available Points will allow. A ShortStay Exchange Confirmation will

not be issued until the availability of the Home Resort Week or required

number of Points is verified. Holiday, summer, and other highly demanded

travel periods usually will not be available through ShortStay Exchange.

II’s Exchange Cancellation Policy does not apply to ShortStay Exchange

Confirmations. A cancellation of a ShortStay Exchange Confirmation

results in the loss of the Points or Week relinquished as well as the

exchange fee paid to secure such Confirmation.

All other terms and

conditions of the Exchange Program apply to this exchange service, except

as noted to the contrary above.

Exchanges are arranged on a space-available basis. Neither II, MORI,

nor the MVC Destinations Program can guarantee the fulfillment of a

specific request, as weeks are received on a periodic basis throughout the

year.

Generally, II does not control the timing, location, or number of weeks

available to the Exchange Program. Club Program Members and Individual

Members may place requests for as many Confirmations as desired so long

as the Club Program Member or Individual Member has the necessary

Points or Week(s) available to support the requested exchanges.

7. Only II can confirm exchange requests, and only II written Confirmations

are valid. II will attempt to confirm a request until 48 hours before the

latest travel dates requested; however, beginning on the 29th day prior to

the latest travel dates requested, II will contact the Club Program Member

or Individual Member by telephone in order to obtain acceptance (or

rejection) by the Club Program Member or Individual Member prior to

issuing a Confirmation.

8. (a) For Individual Members who wish to change their Host

Accommodations subsequent to receiving a Confirmation (including a

Confirmation received through the Special Marriott Vacation Club Internal

Exchange Option as defined below under Marriott Vacation Club Internal

Exchange Procedures and Priorities), but without canceling their Confirmation,

E-Plus is available to allow such Individual Members to “retrade” their

original Confirmation, up to a total of three times, upon the payment of an

additional fee. The use of E-Plus may be purchased at any time commencing

at the time an exchange request is initially placed and continuing up to five

(5) days following the issuance of a Confirmation, so long as the purchase is

prior to the first date of occupancy of the Host Accommodations and the

Host Resort is in good standing with II. E-Plus may be used to secure up to

three (3) retrades of the Individual Member’s Host Accommodations and/or