Wyndham Worldwide (WYN)

EMPLOYMENT AGREEMENT

This Employment Agreement (“Agreement”) is dated as of the Effective Date (as hereinafter defined), by and between Wyndham Worldwide Corporation, a Delaware corporation (the “Company”) and Kenneth N. May (the “Executive”).

WHEREAS, Cendant Corporation (“Cendant”) has determined to distribute all of the common stock of the Company directly to its stockholders pursuant to a pro rata dividend (the “Transaction”); and

WHEREAS, the Company desires to employ the Executive, and the Executive desires to serve the Company, in accordance with the terms and conditions of this Agreement.

NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

SECTION I

EMPLOYMENT AGREEMENT

This Employment Agreement (this “Agreement”), dated and effective as of the Effective Date (as defined below), is hereby made by and between Wyndham Worldwide Corporation, a Delaware corporation (the “Company”) and Franz S. Hanning (the “Executive”).

WHEREAS, Cendant Corporation, a Delaware Corporation (“Cendant”) and the Executive are parties to an Amended and Restated Employment Agreement dated as of December 10, 2004 (the “Prior Agreement”); and

WHEREAS, Cendant currently contemplates distributing all or substantially all of the common stock of the Company to its stockholders pursuant to a pro rata stock dividend (the “Transaction”); and

WHEREAS, subject to the consummation of the Transaction, the Company desires to employ the Executive as a full-time employee of the Company and the Executive desires to serve the Company in such capacity, in accordance with the terms and conditions of this Agreement.

NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

SECTION I

EMPLOYMENT AGREEMENT

This Employment Agreement (“Agreement”) is dated as of the Effective Date (as hereinafter defined), by and between Wyndham Worldwide Corporation, a Delaware corporation (the “Company”) and Virginia M. Wilson (the “Executive”).

WHEREAS, Cendant Corporation (“Cendant”) has determined to distribute all of the common stock of the Company directly to its stockholders pursuant to a pro rata dividend (the “Transaction”); and

WHEREAS, the Company desires to employ the Executive, and the Executive desires to serve the Company, in accordance with the terms and conditions of this Agreement.

NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

SECTION I

EMPLOYMENT AGREEMENT

This Employment Agreement (“Agreement”) is dated as of the Effective Date (as hereinafter defined), by and between Wyndham Worldwide Corporation, a Delaware corporation (the “Company”) and Steven A. Rudnitsky (the “Executive”).

WHEREAS, Cendant Corporation (“Cendant”) has determined to distribute all of the common stock of the Company directly to its stockholders pursuant to a pro rata dividend (the “Transaction”); and

WHEREAS, the Company desires to employ the Executive, and the Executive desires to serve the Company, in accordance with the terms and conditions of this Agreement.

NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

SECTION I