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WYN » Topics » Car Rental Rate Agreements

This excerpt taken from the WYN 8-K filed Jul 19, 2006.

Car Rental Rate Agreements

We have agreed to designate Cendant’s car rental brands, Avis and Budget, as the exclusive primary and secondary suppliers, respectively, of car rental services for our employees. These agreements provide for negotiated car rental rates and discounts for both business and leisure travel in domestic and international locations where Avis and Budget operate. The agreements extend for an initial term of three years unless terminated earlier by either party in accordance with the terms of the agreement. We paid Cendant’s Vehicle Rental business approximately $1 million for use of its car rental services in each of 2005, 2004 and 2003.

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