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Document 6
Discussion document for the merger of LPOC into ‘Seasons’.
The following conditions are for discussion between Laugharne Park Owners Club , (LPOC), and Seasons Holidays plc., (Seasons).
1 LPOC members will be admitted as Seasons members without any charge.
2 LPOC members will become full members of Seasons enjoying the same benefits as Seasons members.
3 LPOC members can retain their fixed week arrangement, or use the floating time arrangement, which is standard at Seasons, for as long as the current timeshare chalets exist. If planning consent is granted, at any point in the future, to restructure the Resort, Seasons will use best endeavours to provide the same week, and physicality, as currently enjoyed by the LPOC Currently, the default for a member will be the same fixed week as they currently own. In order to change a holiday it is important to give at least six months notice to Seasons. Changing between fixed and floating holidays will be available for the duration of the contract
4 Seasons will accept all fees for the transfer of LPOC membership certificates.
5 Seasons will credit each member with two free weeks holiday to be taken over a two year period, from merger date. It will be the members responsibility to arrange the weeks, the more notice given the more likely any request will be successful. Where a member owns more than two weeks it will be possible to use the extra weeks over a four year period.
6 The cash assets of the LPOC on finalisation of the accounts at the end of the financial year, will be distributed to the members on a per week owned basis. The ‘distribution’ of these funds will be made by the Treasurer of LPOC, and verified by the Accountants and Trustees.
7 Seasons will buy unwanted weeks from any LPOC members directly at five hundred pounds per week
8 Currently, Seasons owners have an option to settle their Annual Management Fees by Direct Debit, by paying in three equal monthly instalments, October through to December (any adjustment to the fee is taken on the final payment in December). This will be available to LPOC
9 Seasons have a consultative committee, for use by the Seasons owners, namely Seasons Owners Consultative Committee ( SOCC ). SOCC contribute to the Seasons ‘e-news’, an electronically provided newsletter (all Owners have an option to opt in for receipt), plus access through the Seasons website.
10 Subject to ‘prevailing conditions’ LPOC owners, having joined Seasons will have the same opportunities to upgrade to Seasons Elite membership, as any other Seasons owner
11. LPOC Owners will be asked to supply their original certificates, or a signed Indemnity in the absence of the original certificate. Each owner will receive a Seasons Certificate. Details of the administration process for joining Seasons will be provided in conjunction with a LPOC newsletter, and with full LPOC Committee participation.
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