GLOSSARY

Associate Locations - additional non-Fairfield developed or managed resorts where occupancy may be available for FairShare Plus for a limited period of time, seasons and accommodations.

Discovery Member - a participant in the Discovery program who is entitled to use various benefits and features of FairShare Plus for one year.

Doubleshare/Lockoff Unit - a FairShare unit which can be divided into separate A and B sides and can be used as a large single unit or as two smaller and separate units.

FairShare Vacation Owners' Association - the non-profit corporation made up of all Members of the FairShare Vacation Plan.

Fairfield Vacation Plan Trust - the Trust to which the Use Rights for the Ownership Interests of Members have been assigned for a term of years. Also referred to as the FairShare Vacation Plan, Vacation Plan, Vacation Program and/or FairShare Plus.

Limited Account Points - points which have their reservation Use Rights restricted to the 30 days prior to arrival day because of a late cancellation by a Member.

Plan Manager - the administrator and manager of the FairShare Vacation Plan.

Points - the symbolic value allocated to a Discovery Member. Points are used to establish value for seasons, unit size and resort locations.

Season - the time divisions into which the use days at each resort or association are divided.

Unit Type - the size, configuration, style, sleeping capacity and other features of lodging accommodations.

Use Year - the 12-month period during which a Member must use the point allocation.

Use Year End Date - the last day of the 12-month Use Year. It is on this day that the points allocated to a Discovery Member expire.

Use Year Start Date - the first day of the 12-month Use Year. It is on this day that the points allocated to a Discovery Member begin.