olga

You will be astonished and see that this contract is definitely not what we members have asked for nor would we approve it.
Yes Capital vacations has to pay ABC $30.000 but in return gets to do all the rentals with the club-owned weeks except 4 needed per week for the renovation.
Than eventually it will get 15% of all our club rentals which is same thing as selling heart of our club.
Why is the contract not send out in a blast email? We have always been told how OPEN this BOD is yet you have to make an appointment to read the contract, than only Pam Cordell from CV or Luis from accounting have to be present when you read it because you are not allowed to make a picture or a copy.
WHY ,what is the BOD afraid of that there are illegal things in there, well my opinion is yes there are absolutely a few illegal sentences in there which no one in numbers is allowed to see because lawyers would have a field day with it.
Open BOD? never seen such a closed BOD cheating the members or misleading the members, it is pure terrible and that is my opinion, it is time we got some really qualified people in the BOD have not seen many in long time.

and our emails to the club are now read by capital and the BOD so OUR private information is open to them all . I certainly did not approve of having a management company who now tells us on top of everything renovations start in the wintertime and of the year, Really? one of the most crazy things I ever heard. That is when the club is sold out. Anyway this BOD takes Dutch law like it is invisible and does as it pleases, waste of money and Dennis you are totally correct we have articles of association and the BOD has to obey them but chooses not to do so many times unless it is accidental and these articles are not understood.

Now Cessantia ONLY needs to be paid out when employees are being dismissed by the resort or employer, if the employees decide to stop working or to take another job, they get nothing from the previous employer.

But it is the custom to give employees who worked many years, who the employer wants to leave because they get too old, too slow or are just disliked by the BOD what is called a “Package Deal”.

For we have not yet an obligatory age where people must retire.
This ” package Deal”is usually one or two months salary.
if the employee thinks it is unfair what they get, they can always get the union to negotiate.

So this BOD has set aside almost one million dollars for cessantia and that members is complete unlogical and in my eyes not correct for never do we have to pay that amount in cessantia unless the BOD decided to give every employee the sack.

So what they are doing with these financials is a mystery but one that is costing us members a lot of money and where it goes, the BOD nor the accountant are giving clear truthful answers.

Another word for the package Deal is the “mini pension ‘ a resort/employer has to pay this,it is very little money and therefor most employees chose the Package Deal which is paid in one time , again that is very little money compared to what they are telling you.

I asked mr, Foley a copy of the new agreement between ABC and the union, after 2 weeks he still has not even given me an answer, he had to consult with the (expensive) lawyer wow, got copies of those agreements of several resorts for shareholders have the right to have a copy at no cost.

So this BOD being “OPEN” what a joke, sorry I am very disappointed.