For converted weeks, the conversion contract discusses the various termination options. In my most recent converted week, Paragraph 9(d) states that the conversion terminates if any of the following happen:
- The termination of the [entire] Club Wyndham Plus program,
- The termination of the vacation ownership plan under which the resort was organized,
- The termination of any over-arching condominium under which the resort operates,
- If the Trustee (i.e. Wyndham) determines the resort is "no longer suitable for use in [Wyndham]."
I was the person who converted that week, and I signed the document myself after reading it in its entirety. So, I knew these were possible. I also bought a week that was converted by someone else, but they gave me a copy of the conversion contract so that I knew what I was buying. That one had similar language, though probably not in exactly the same place or with exactly the same wording.
On termination (for any reason), my ownership would revert back to owning the fixed/floating week that was surrendered to the Trust as part of the conversion agreement, and the points associated with that conversion will "have no further use or value." (Paragraph 9(e)). I don't own any UDI, so I don't know what that contract says, but I suspect there are similar terms.
One thing to note:
The agreement is not automatically terminated simply because the Board selects somoeone other than Wyndham as the management company. When KBV switched to Grand Pacific, converted weeks remained converted, and Wyndham owners there could continue to use their points, while Wyndham owners elsewhere could still book converted inventory.