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These excerpts taken from the WYN 10-K filed Feb 27, 2009. Separation
and Related Costs
During 2007, we incurred costs of $16 million in connection
with executing the Separation, consisting primarily of expenses
related to the rebranding initiative at our vacation ownership
business and certain transitional expenses. During 2006, we
incurred costs of $99 million in connection with executing
our separation from Cendant, consisting primarily of
(i) the acceleration of vesting of certain employee
incentive awards and the related equitable adjustments of such
awards, (ii) an impairment charge due to a rebranding
initiative for our Fairfield and Trendwest trademarks and
(iii) consulting and payroll-related services.
Separation
and Related Costs
During 2007, the Company incurred costs of $16 million in
connection with executing the Separation, consisting primarily
of expenses related to the rebranding initiative at the
Company’s vacation ownership business and certain
transitional expenses. During 2006, the Company incurred costs
of $99 million in connection with executing the Separation,
consisting primarily of (i) the acceleration of vesting of
certain employee incentive awards and the related equitable
adjustments of such awards, (ii) an impairment charge due
to a rebranding initiative for the Company’s Fairfield and
Trendwest trademarks and (iii) consulting and
payroll-related services.
This excerpt taken from the WYN 10-Q filed Nov 10, 2008. Separation
and Related Costs
During the three and nine months ended September 30, 2007,
we incurred costs of $3 million and $16 million,
respectively, in connection with executing the Separation. Such
costs consisted primarily of expenses related to the rebranding
initiative
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at our vacation ownership business and certain transitional
expenses. We do not expect to incur any separation and related
costs during 2008.
This excerpt taken from the WYN 10-Q filed Aug 8, 2008. Separation
and Related Costs
During the three and six months ended June 30, 2007, we
incurred costs of $7 million and $13 million,
respectively, in connection with executing the Separation. Such
costs consisted primarily of expenses related to the rebranding
initiative at our vacation ownership business and certain
transitional expenses. We do not expect to incur any separation
and related costs during 2008.
This excerpt taken from the WYN 10-Q filed May 8, 2008. Separation
and Related Costs
During the three months ended March 31, 2007, we incurred
costs of $6 million in connection with executing the
Separation. Such costs consisted primarily of expenses related
to the rebranding initiative at our vacation ownership business
and certain transitional expenses. We do not expect to incur any
separation and related costs during 2008.
This excerpt taken from the WYN 10-K filed Feb 29, 2008. Separation
and Related Costs
During 2007, the Company incurred costs of $16 million in
connection with executing the Separation, consisting primarily
of expenses related to the rebranding initiative at the
Company’s vacation ownership business and certain
transitional expenses. During 2006, the Company incurred costs
of $99 million in connection with executing the Separation,
consisting primarily of (i) the acceleration of vesting of
certain employee incentive awards and the related equitable
adjustments of such awards, (ii) an impairment charge due
to a rebranding initiative for the Company’s Fairfield and
Trendwest trademarks and (iii) consulting and
payroll-related services.
This excerpt taken from the WYN 10-Q filed Nov 8, 2007. Separation
and Related Costs
During the three and nine months ended September 30, 2007,
we incurred costs of $3 million and $16 million,
respectively, in connection with executing the Separation. Such
costs consisted primarily of expenses related to the rebranding
initiative at our vacation ownership business and certain
transitional expenses. During the three and nine months ended
September 30, 2006, we incurred costs of $68 million
and $76 million, respectively, in connection with executing
the Separation, consisting primarily of consulting and legal
services and the acceleration of vesting of certain employee
incentive awards and the related equitable adjustments of such
awards. We do not expect to incur separation and related costs
subsequent to December 31, 2007.
This excerpt taken from the WYN 10-Q filed Aug 9, 2007. Separation
and Related Costs
During the three and six months ended June 30, 2007, we
incurred costs of $7 million and $13 million,
respectively, in connection with executing the Separation. Such
costs consisted primarily of expenses related to the rebranding
initiative at our vacation ownership business and certain
transitional expenses. During the three and six months ended
June 30, 2006, we incurred costs of $5 million and
$8 million, respectively, in connection with executing the
Separation, consisting primarily of consulting and legal
services and the acceleration of vesting of employee incentive
awards.
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This excerpt taken from the WYN 10-Q filed May 10, 2007. Separation
and Related Costs
During the three months ended March 31, 2007, we incurred
costs of $6 million in connection with executing the
Separation. Such costs consisted primarily of consulting and
legal services and expenses related to the resignage of resorts
at our Vacation Ownership business. During the three months
ended March 31, 2006, we incurred costs of $3 million
in connection with executing the Separation. Such costs
consisted primarily of consulting and legal services.
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This excerpt taken from the WYN 10-K filed Mar 7, 2007. Separation
and Related Costs
During 2006, the Company incurred costs of $99 million in
connection with executing the Separation. Such costs consisted
primarily of (i) the acceleration of vesting of Cendant
equity awards and the related equitable adjustments of such
awards (see Note 16—Stock-Based Compensation),
(ii) an impairment charge due to a rebranding initiative
for the Company’s Fairfield and Trendwest trademarks (see
Note 2—Summary of Significant Accounting
Policies—Impairment of Long-Lived Assets) and
(iii) consulting and payroll-related services.
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