The answer to my question is one must relinquish all contracts to participate in the Limited Edition program, see details below.
Requirements for participation in CLUB WYNDHAM Limited Edition Program:
▪ All loan balances and other fees must be paid in full
▪ All maintenance fees must be current
▪ All ownership contracts must meet Wyndham inventory eligibility requirements
▪ All ownership contracts must be returned to Wyndham
▪ Owner must complete deed release documents for all contracts in current ownership
▪ Owner must complete CLUB WYNDHAM Limited Edition Program documents and return them to Wyndham for processing
CLUB WYNDHAM® Limited Edition Membership Includes:
▪ Maximum 3 use years in CLUB WYNDHAM Limited Edition
▪ Use of points on an annual basis equal to the total number of points returned to Wyndham
▪ Automatic deposit of points into user account each year for 3 use years
▪ Ability to borrow points from the next use year in use year 1 and 2; however, all points expire at the end of year 3
▪ No maintenance fees or point costs associated with the ability to use points to reserve accommodations in CLUB WYNDHAM Limited Edition resorts subject to the program rules and regulations
▪ CLUB WYNDHAM Limited Edition benefits
▪ CLUB WYNDHAM Limited Edition VIP status based on current Contract point total
▪ Access to Perks by CLUB WYNDHAM®
▪ 10 months booking window for all membership levels
▪ CLUB WYNDHAM Limited Edition member may be responsible for resort fee or tax (if applicable)