413 / 420
TRAVEL PLANNER 2016 – 2017
411
IntervalWorld.com
accommodations until an exchange has been confirmed. Similarly, Members
who exchange with II based on points do not give up the right to their points
until an exchange has been confirmed.
Upon confirmation, however, all
rights to the use of the Home Resort accommodations or points are
immediately assigned to II.
2.
Exchange requests using the Request First method may be
placed up to 24 months prior to the commencement date of the
week(s) being relinquished for exchange. The requested travel dates
must be prior to or the same as the dates of the week(s) being
relinquished.
DEPOSIT FIRST EXCHANGE METHOD
1.
When Home Resort accommodations are deposited, all rights to
the use of same for the week(s) deposited are immediately assigned
to II. Once a deposit is made, the deposited week(s) may not be
withdrawn.
Submission or confirmation of an exchange request is not
required in order for II to issue a Confirmation into a deposited week or
otherwise utilize such deposited week.
2. No fee is required to deposit vacation accommodations. An exchange
fee, however, is required when placing an exchange request against the
deposited accommodations.
3. Deposits must be received by II at least 60 days, but no more than
24 months, before the commencement date of the deposited week. Flex
Deposits (received by II from 59 days up until 14 days before the
commencement date of the week being deposited) also are accepted,
but any exchange request placed using a Flex Deposit must be made
through the Flexchange service.
4. Upon receipt of a deposit, II will assign a deposit number, which must
be utilized when placing an exchange request. Except for the flexible lengths
of stay provided for under II’s ShortStay Exchange service, and for exchange
requests under the Club Interval exchange service, as each is described
below, an exchange may be requested for the same amount of time as that
deposited.
The exchange request may be placed at the same time that
the deposit is made or at any time after receipt of the deposit number,
but no later than 24 months after the commencement date of the
deposited week. In addition, the requested travel dates must be no
earlier than 24 months before and no later than 24 months after the
commencement date of the deposited week, unless the Individual
Member chooses the Deposit Extension Option as defined in Paragraph
5 hereunder, if available.
All standard exchange procedures (as detailed
below) must be adhered to when placing a request against the deposited
week. If a Flex Deposit was made, a request may be submitted only through
the Flexchange service, with travel dates no later than 24 months after the
commencement date of the deposited week.
5. By using the Deposit Extension Option, Members may, upon the
payment of an additional fee, extend the period in which they can utilize a
particular deposit (“Redemption Window”) for up to a period of one year.
Any particular deposit may be extended a total of two times. The Deposit
Extension Option must be exercised no later than three months after the
date on which the original or extended Redemption Window expires. The
extension begins on the date on which the original or extended Redemption
Window expired. The exchange request placed within an extended
Redemption Window must be placed through II’s Flexchange service.
The
Deposit Extension Option may not be used to extend the expiration
date of Club Interval Points, Preferred Points, an E-Plus Usage Window
or a retrade of a Confirmation using E-Plus, or to extend the time
period in which Members may request substitute accommodations
pursuant to II’s Exchange Cancellation Policy or request
accommodations pursuant to the redemption of an accommodations
certificate. All other terms and conditions of exchange apply.
6. ShortStay Exchange (“ShortStay
Exchange”) is an exchange service
offered by II to members in good standing
with the Interval Gold, Club Interval Gold,
and Interval Platinum membership
programs, in which, upon payment of the
appropriate fee and any applicable tax,
Members can be confirmed to resort
accommodations for periods of less than
seven days. Members who exchange with
II based on the relinquishment of a week
may secure up to two ShortStay
Exchange Confirmations for resort
accommodations of equal or lesser size
than the Home Resort accommodations
relinquished by the Member. Members
who exchange with II based on the
relinquishment of points (i.e., those who own Vacation Interests that are
points-based, including Club Interval Gold members who have relinquished
their week to receive Club Interval Points or Members who have relinquished
a week to receive Preferred 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 unit week or availability of the 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
Policies do not apply to ShortStay Exchange Confirmations. A cancellation
of a ShortStay Exchange Confirmation results in the loss of the Home Resort
unit week or points 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.
7. The Deposit First and/or the ShortStay Exchange methods may not
be available to owners at some Member Resorts because of the resort’s
internal reservation procedures.
CLUB INTERVAL EXCHANGE METHOD
AND CLUB INTERVAL WEEKLY POINTS VALUES
1. Club Interval (“Club Interval”) is the points-based exchange overlay
that allows participating Club Interval Gold Members to deposit their
Fixed Time and/or Floating Time Home Resort accommodations with II in
exchange for Club Interval Points.
2. To be eligible to participate in Club Interval, a person must own or
purchase an “Eligible” Vacation Interest. A Vacation Interest is deemed
“Eligible” if II and the developer or the association of the applicable Member
Resort have agreed to such Vacation Interest’s participation in the Club
Interval program.
3.
Once an owner of a Vacation Interest is enrolled in Club Interval,
the owner’s membership with II becomes a Club Interval Gold
membership, and all Vacation Interests owned by such person, both
Eligible Vacation Interests and other Vacation Interests, are included in
such membership account, although only Eligible Vacation Interests
will be allowed to be deposited in exchange for Club Interval Points.
Notwithstanding the foregoing, where a Club Interval Gold Member
owns a Vacation Interest at a Member Resort participating in a
corporate membership program, as well as an Eligible Vacation
Interest, said Club Interval Gold Member must maintain his or her
Club Interval Gold membership, separate and distinct from his or her
participation in the corporate membership program.
4.
As to Eligible Vacation Interests, upon the deposit of
accommodations with II, the Club Interval Gold Member may elect to
receive an allotment of Club Interval Points, and will have the
opportunity to participate in points-based exchange. As it relates to
all other Vacation Interests owned by such Member, as well as any
deposits of accommodations associated with Eligible Vacation
Interests that the Member chooses not to convert to Club Interval
Points, the Member will continue to participate in the Exchange
Program based on the relinquishment of weeks and as discussed
under the sections titled “Request First Exchange Method” and
“Deposit First Exchange Method” above.
5.
Under Club Interval, once the Home Resort accommodations are
deposited, all rights to the use of same for the week(s) deposited are
immediately assigned to II. Once a deposit is made, the deposited
week(s) may not be withdrawn.
The number of Club Interval Points that
will be allotted to a Club Interval Gold Member based on his or her deposit
of a unit week and election to convert it to Club Interval Points shall be
determined based on the Club Interval Weekly Points Values chart, which is
established by II, from time to time, in its sole discretion upon publication
on II’s website, IntervalWorld.com. The current Club Interval Weekly Points
Values chart is set forth below.
6. The actual number of Club Interval Points that will be allocated and
placed in the Member’s Club Interval Points account is dependent upon
CLUB INTERVAL WEEKLY POINTS VALUES*
TRAVEL 4-Bedroom 3-Bedroom 2-Bedroom 1-Bedroom Studio Hotel Room
DEMAND
Full Kitchen Full Kitchen Full Kitchen Full Kitchen Full Kitchen No Kitchen
INDEX
Sleeps Sleeps Sleeps Sleeps Sleeps Sleeps
RANGE
10 Privately 8 Privately 6 Privately 4 Privately 2 Privately 2 Privately
135 – 150 123,750 – 165,000 101,250 – 135,000 78,750 – 105,000 67,500 – 90,000 45,000 – 60,000 40,500 – 54,000
115 – 130 103,125 – 137,500 84,375 – 112,500 65,625 – 87,500 56,250 – 75,000 37,500 – 50,000 33,750 – 45,000
90 – 110 82,500 – 110,000 67,500 – 90,000 52,500 – 70,000 45,000 – 60,000 30,000 – 40,000 27,000 – 36,000
65 – 85 61,875 – 82,500 50,625 – 67,500 39,375 – 52,500 33,750 – 45,000 22,500 – 30,000 20,250 – 27,000
50 – 60 41,250 – 55,000 33,750 – 45,000 26,250 – 35,000 22,500 – 30,000 15,000 – 20,000 13,500 – 18,000
*Points values are ranges, and are subject to modification by II from time to time.