<SEC-DOCUMENT>0001524358-25-000168.txt : 20251110
<SEC-HEADER>0001524358-25-000168.hdr.sgml : 20251110
<ACCEPTANCE-DATETIME>20251110084645
ACCESSION NUMBER:		0001524358-25-000168
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20251108
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20251110
DATE AS OF CHANGE:		20251110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARRIOTT VACATIONS WORLDWIDE Corp
		CENTRAL INDEX KEY:			0001524358
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				452598330
		STATE OF INCORPORATION:			X1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35219
		FILM NUMBER:		251464610

	BUSINESS ADDRESS:	
		STREET 1:		7812 PALM PARKWAY
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32836
		BUSINESS PHONE:		407-206-6000

	MAIL ADDRESS:	
		STREET 1:		7812 PALM PARKWAY
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32836

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Marriott Vacations Worldwide Corp
		DATE OF NAME CHANGE:	20110627
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>vac-20251108.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version='1.0' encoding='ASCII'?>
<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:39d03f5c-9d75-4918-9ab9-751fa0550045,g:78561345-d491-44a1-9653-95ab88933901,d:b15d7df4dbf64707a7a14c27346b3062-->
<html xmlns:xlink="http://www.w3.org/1999/xlink" xmlns="http://www.w3.org/1999/xhtml" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:dei="http://xbrl.sec.gov/dei/2024" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>vac-20251108</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="c-1" name="dei:EntityCentralIndexKey" id="f-21">0001524358</ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="dei:AmendmentFlag" id="f-22">false</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="vac-20251108.xsd"/></ix:references><ix:resources><xbrli:context id="c-1"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001524358</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-11-08</xbrli:startDate><xbrli:endDate>2025-11-08</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="ib15d7df4dbf64707a7a14c27346b3062_1"></div><div style="min-height:63pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:486.00pt"><tr><td style="width:1.0pt"/><td style="width:484.00pt"/><td style="width:1.0pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="margin-bottom:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">_________________________</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:18pt;font-weight:700;line-height:120%">FORM&#160;<ix:nonNumeric contextRef="c-1" name="dei:DocumentType" id="f-1">8-K</ix:nonNumeric> </span></div><div style="margin-bottom:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">_________________________</span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Current Report</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section&#160;13 or 15(d)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">of the Securities Exchange Act of 1934</span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Date of Report (Date of earliest event reported) <ix:nonNumeric contextRef="c-1" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="f-2">November&#160;8, 2025</ix:nonNumeric></span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">_________________________</span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:24pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityRegistrantName" id="f-3">Marriott Vacations Worldwide Corp</ix:nonNumeric>oration</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">_________________________</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:454.50pt"><tr><td style="width:1.0pt"/><td style="width:142.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:15.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:135.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:15.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:136.00pt"/><td style="width:1.0pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="f-4">Delaware</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityFileNumber" id="f-5">001-35219</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityTaxIdentificationNumber" id="f-6">45-2598330</ix:nonNumeric></span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">(State or other jurisdiction</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">(Commission</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">(IRS Employer</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">of incorporation)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">File Number)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Identification No.)</span></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:445.50pt"><tr><td style="width:1.0pt"/><td style="width:30.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:106.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:43.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:16.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:30.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:207.25pt"/><td style="width:1.0pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressAddressLine1" id="f-7">7812 Palm Parkway</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressCityOrTown" id="f-8">Orlando,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressStateOrProvince" id="f-9">FL</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressPostalZipCode" id="f-10">32836</ix:nonNumeric></span></td></tr><tr style="height:12pt"><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">(Address of principal executive offices)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">(Zip Code)</span></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Registrant&#8217;s telephone number, including area code&#160;(<ix:nonNumeric contextRef="c-1" name="dei:CityAreaCode" id="f-11">407</ix:nonNumeric>) <ix:nonNumeric contextRef="c-1" name="dei:LocalPhoneNumber" id="f-12">206-6000</ix:nonNumeric> </span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">N/A</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:120%">(Former name or former address, if changed since last report)  </span></div><div style="margin-bottom:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">_________________________</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="f-13">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="f-14">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="f-15">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="f-16">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9.5pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:466.50pt"><tr><td style="width:1.0pt"/><td style="width:168.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:124.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:168.25pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Title of each class</span></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Name of each exchange on which registered</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:Security12bTitle" id="f-17">Common Stock, $0.01 Par Value</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:TradingSymbol" id="f-18">VAC</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-19">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company     &#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="f-20">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#9744;</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:522.00pt"><tr><td style="width:1.0pt"/><td style="width:520.00pt"/><td style="width:1.0pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/></tr></table></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="ib15d7df4dbf64707a7a14c27346b3062_7"></div><hr style="page-break-after:always"/><div style="min-height:63pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%">Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%">Departure of Former Chief Executive Officer</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On November 9, 2025, John E. Geller, Jr., the President and CEO, and a member of the Board of Directors (the &#8220;Board&#8221;), of Marriott Vacations Worldwide Corporation (the &#8220;Company&#8221;), resigned at the Board&#8217;s request from his role as President and CEO, effective November 10, 2025.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Mr. Geller also resigned as a member of the Board, effective as of November 10, 2025.  Mr. Geller&#8217;s resignation is not the result of a disagreement between Mr. Geller and the Company on any matter relating to the Company&#8217;s operations, policies or practices. In connection with Mr. Geller&#8217;s departure, the Board decreased the authorized number of directors from twelve to eleven, effective as of November 10, 2025.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">In connection with Mr. Geller&#8217;s separation from service with the Company, Mr. Geller and the Company entered into a separation agreement dated as of November 9, 2025 (the &#8220;Separation Agreement&#8221;).  The Separation Agreement provides for, among other things: severance payments to Mr. Geller of (a) $5 million, representing two times his 2025 base salary plus target bonus and (b) $1,286,301, representing his 2025 bonus award at target prorated through November 10, 2025; the treatment of the outstanding restricted stock units, performance shares and stock appreciation rights previously issued to Mr. Geller in a manner consistent with their existing terms; a general release of claims by Mr. Geller in favor of the Company; and Mr. Geller&#8217;s agreement to comply with certain restrictive covenants. The foregoing description of the Separation Agreement is qualified in its entirety by reference to the full text of the Separation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.  </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Appointment of Interim Chief Executive Officer</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On November 8, 2025, the Board appointed Matthew E. Avril to serve as the Company&#8217;s Interim President and CEO to succeed Mr. Geller immediately upon the effectiveness of Mr. Geller&#8217;s resignation on November 10, 2025. Mr. Avril currently serves as a member of the Board and will continue in that role as well.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Mr. Avril, age 64, has served as a member of the Board since February 2025. Mr. Avril has over 30 years of executive experience, principally in the hospitality and vacation ownership industry. Mr. Avril has been a self-employed consultant since March 2017. He previously served as Chief Executive Officer of Diamond Resorts International, Inc., a hospitality and vacation ownership company, from November 2016 to March 2017. Prior to that, he was Chief Executive Officer-elect for Vistana Signature Experiences, Inc. (&#8220;Vistana&#8221;), a vacation ownership business, from February 2015 to May 2016, after his retirement as President, Hotel Group, for Starwood Hotels &amp; Resorts Worldwide, Inc., a publicly traded hotel and leisure company (&#8220;Starwood&#8221;) &#8211; a position he held from September 2008 to December 2012. In this role, he was responsible for hotel operations worldwide for Starwood&#8217;s nine hotel brands, consisting of 960 properties in more than approximately 97 countries. Before that, from 2002 to 2008, he served in a number of executive leadership positions with Starwood, and from 1989 to 1998, held various senior leadership positions with Vistana including President and Managing Director of Operations. Mr. Avril previously served as a director and Chairman of the Board of Directors of Franchise Group, Inc. and Babcock &amp; Wilcox Enterprises, Inc. As a result of Mr. Avril&#8217;s appointment as Interim President and CEO, Mr. Avril has stepped down from the Audit Committee of the Board.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">There are no arrangements or understandings between Mr. Avril and any other persons pursuant to which he was appointed as Interim President and CEO. In addition, there are no family relationships between Mr. Avril and any other director or executive officer of the Company, and Mr. Avril is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">While serving as Interim President and CEO, Mr. Avril will not receive any compensation as a non-employee director. As compensation for his service as Interim President and CEO, Mr. Avril will receive an annual base salary of $1 million.  He will also receive grants of stock appreciation rights and restricted stock units with respect to 100,000 and 50,000 shares of Company common stock, respectively, that will each vest in full after the earlier of twelve months after the date of grant or the termination of his employment.  The grants will be made under the Marriott Vacations Worldwide Corporation 2020 Equity Incentive Plan.</span></div><div id="ib15d7df4dbf64707a7a14c27346b3062_236"></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Item 7.01 Regulation FD Disclosure</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On November 10, 2025, the Company issued a press release announcing the management changes described in this Current Report on Form 8-K (this &#8220;Current Report&#8221;).</span></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">1</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:63pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The information under this Item 7.01, including Exhibit 99.1, to this Current Report is being furnished and shall not be deemed &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information under this Item 7.01, including Exhibit 99.1, to this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1934, as amended.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">A copy of the news release announcing these actions is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.</span></div><div id="ib15d7df4dbf64707a7a14c27346b3062_16"></div><div style="-sec-extract:summary;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%">Item&#160;9.01 &#160;&#160;&#160;&#160;Financial Statements and Exhibits.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%">(d) Exhibits.</span></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:468.00pt"><tr><td style="width:1.0pt"/><td style="width:52.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:408.25pt"/><td style="width:1.0pt"/></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:700;line-height:100%">Exhibit Number</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:700;line-height:100%">Description</span></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="ex101-separationagreementa.htm">10.1</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%">John E. Geller, Jr. Separation Agreement and General Release of Claims</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="pressrelease-announcementn.htm">99.1</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%">Press Release issued November 10, 2025 </span></div></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">101</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr></table></div><div id="ib15d7df4dbf64707a7a14c27346b3062_19"></div><div style="margin-top:24pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%">SIGNATURES</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:486.00pt"><tr><td style="width:1.0pt"/><td style="width:30.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:176.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:34.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:237.25pt"/><td style="width:1.0pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">MARRIOTT VACATIONS WORLDWIDE CORPORATION</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(Registrant)</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Dated:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">November 10, 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Jason P. Marino</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Name:</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Jason P. Marino</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Title:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President and Chief Financial Officer</span></td></tr></table></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">1</span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101-separationagreementa.htm
<DESCRIPTION>EX-10.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2025 Workiva -->
<title>Document</title></head><body><div id="if836967ecdb7429f89171ace5668f480_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.1</font></div></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS</font></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">John E. Geller, Jr. (&#8220;Executive&#8221;) and Marriott Ownership Resorts, Inc. (&#8220;Company&#8221;) hereby enter into this Separation Agreement and General Release of Claims (&#8220;Agreement&#8221;) and agree as follows&#58;</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">Termination of Employment</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive&#8217;s employment with the Company will terminate effective 7&#58;59 am ET on November 10, 2025</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(the &#8220;Termination Date&#8221;). After the Termination Date, Executive will not be entitled to any compensation and&#47;or benefits from the Company except as described in this Agreement or in the case of equity awards, as provided in the Award Agreement for each grant. Executive agrees that, other than Executive&#8217;s final paycheck, any accrued unused paid time off and&#47;or vacation, and the Separation Benefits described in this Agreement, Executive has been paid all remuneration owed to Executive as a result of Executive&#8217;s employment with the Company, including, but not limited to, all accrued salary, wages, paid time off and&#47;or vacation pay, bonus pay, stock and stock options, business expenses, termination benefits, commissions, incentives, and any other compensation to which Executive is entitled under applicable law, contract, or Company policy. As of the Termination Date, Executive shall be deemed to have resigned from all other positions held with respect to the Company and its affiliates as of the Termination Date, including but not limited to any position held by Executive as an officer, manager, or director of the Company or any of its affiliates.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">Separation Benefits</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. In consideration of Executive&#8217;s timely execution and non-revocation of this Agreement in the time period set forth in Paragraph 7 of this Agreement, and Executive&#8217;s undertakings set forth herein, the Company will provide Executive with the following benefits (the &#8220;Separation Benefits&#8221;), provided, that the Separation Benefits described in clauses (a) through (c) of this Paragraph shall be treated as accrued benefits and shall not be subject to Executive&#8217;s execution of this Agreement or any separate release agreement&#58;</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt">Payment in a lump sum of all accrued base salary as of the Termination Date, to the extent not theretofore paid to Executive as of the Termination Date.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.02pt">To the extent not already made as of the Termination Date, so long as Executive executes the Approved Retiree Non-competition and Non-solicitation Agreement attached hereto as </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">, the Company shall contribute, or cause to be contributed, all matching employer contributions to Executive&#8217;s accounts under the Marriott Vacations Worldwide Corporation 401(k) Retirement Savings Plan (the &#8220;401(k) Plan&#8221;) and the Marriott Vacations Worldwide Corporation Deferred Compensation Plan (the &#8220;MVW DCP&#8221;) for the 2025 calendar year, in each case, to the same extent such matching employer contributions are made for the other named executive officers of Marriott Vacations Worldwide Corporation (&#8220;MVW&#8221;) who are employed for the entire 2025 year. Any contributions </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Executive has deferred or the Company has contributions (after taking into effect this Paragraph 2(c)) to Executive&#8217;s accounts under the 401(k) Plan, the MVW DCP and the Marriott International, Inc. Executive Deferred Compensation Plan (the &#8220;EDCP&#8221;) shall be treated in accordance with the terms of such plans, and Executive shall in all cases be deemed to have incurred an approved retirement (or any term of similar import) for all such plans.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt">The Company acknowledges and agrees that, so long as Executive executes the Approved Retiree Non-competition and Non-solicitation Agreement attached hereto as </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">, Executive shall be treated as an &#8220;Approved Former Executive Officer&#8221; for purposes of the MVW Executive Officer Policy regarding Marriott Bonvoy elite status and a &#8220;former Executive Officer&#8221; for purposes of the MVW Executive Officer Policy regarding complimentary accommodations.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(d)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.02pt">Payment of Five Million Dollars ($5,000,000), which sum represents two (2) times Executive&#8217;s 2025 base salary plus target bonus, less applicable tax withholdings and deductions, paid in a lump sum on the first regular payroll date that occurs on or after the thirtieth (30th) day following the Termination Date.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(e)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt">Payment of a 2025 bonus award at target prorated through the Termination Date, which sum represents One Million Two Hundred Eighty-Six Thousand Three Hundred One Dollars ($1,286,301), less applicable tax withholdings and deductions, paid in a lump sum on the first regular payroll date that occurs on or after the thirtieth (30th) day following the Termination Date.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(f)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:24.03pt">Provided that Executive executes the Approved Retiree Non-competition and Non-solicitation Agreement attached hereto as </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">, Executive shall be entitled to the following consistent with and subject to the terms of the applicable award agreements&#58; </font></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">a.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9.68pt">Restricted Stock Units (&#8220;RSUs&#8221;) &#8211; RSUs in respect of 44,056 shares will continue to vest according to the original schedule, covering the full grants for 2022, 2023, and 2024, plus a prorated grant for 2025, while the remaining RSUs in respect of 9,159 shares will be forfeited, subject to the below&#59;</font></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">b.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt">2023 Performance Shares (&#8220;PSUs&#8221;) &#8211; PSUs in respect of 13,175 shares (at target) will remain eligible to vest based on actual performance results ranging from 0% to 200%, while PSUs in respect of 644 shares will be forfeited, subject to the below&#59;</font></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">c.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9.68pt">2024 Performance Shares &#8211; PSUs in respect of 21,854 shares (at target) will remain eligible to vest based on actual performance results ranging from 0% to 200%, while PSUs in respect of 13,390 shares will be forfeited, subject to the below&#59;</font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">d.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt">2025 Performance Shares &#8211; PSUs in respect of 16,032 shares (at target) will remain eligible to vest based on actual performance results ranging from 0% to 200%, while PSUs in respect of 40,002 shares will be forfeited, subject to the below&#59; and</font></div><div style="margin-top:9pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">e.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9.68pt">Stock Appreciation Rights (&#8220;SARs&#8221;) &#8211; SARs in respect of 78,959 shares shall be fully vested, representing the full SAR grants for 2022, 2023, and 2024, plus prorated vesting of the SAR grant for 2025, and all such SARs shall remain exercisable until the earlier of (i) their original expiration date or (ii) five (5) years from the Termination Date. SARs in respect of 16,841 shares will be forfeited, subject to the below. The Company acknowledges and agrees that, in addition, Executive currently holds 86,380 fully vested unexercised SARs from grant years 2016 through 2021, which, for the avoidance of doubt, will remain outstanding in accordance with their terms and shall remain exercisable until the earlier of (i) their original expiration date or (ii) five (5) years from the Termination Date.</font></div><div style="margin-top:9pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">f.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:11.01pt">For the avoidance of doubt, the determination as to whether the performance criteria applicable to the PSUs has been achieved (including the extent of such achievement) shall be consistent with the Company&#8217;s determination for the named executive officers of MVW.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(g)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.02pt">A lump sum payment in an amount equal to the full amount of aggregate COBRA (Consolidated Omnibus Budget Reconciliation Act) premiums that Executive would be required to pay to continue Executive&#8217;s group medical coverage in effect on the Termination Date for a period of twenty-four (24) months (&#8220;COBRA Payment&#8221;). For the avoidance of doubt, the COBRA Payment may be used for any purpose, including but not limited to, continuation coverage under COBRA, and will be subject to all applicable tax withholdings and deductions.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Executive will not be entitled to any of the Separation Benefits until after the expiration of the Revocation Period set forth in Paragraph 7 of this Agreement, without Executive revoking Executive&#8217;s acceptance of this Agreement. Executive&#8217;s entitlement to the Separation Benefits is further conditioned upon (i) Executive&#8217;s continuing compliance with this Agreement&#59; (ii) Executive&#8217;s continuing compliance with any lawful and valid confidentiality, non-disclosure, non-competition, non-solicitation, intellectual property, dispute resolution, or similar agreement pertaining to Executive&#8217;s employment with the Company or its affiliates to which Executive is subject, subject, in each case, to the terms of this Agreement&#59; and (iii) Executive&#8217;s payment in full of any outstanding debts, arrearages, wage advancements, overpayments, and personal expense balances, including but not limited to any and all charges, interest, and delinquency fees, on Executive&#8217;s corporate credit card (if any) within thirty (30) days of receiving the final credit card statement. To the extent Executive has not repaid in full any outstanding debts, arrearages, wage advancements, overpayments, or personal expense balances on Executive&#8217;s corporate </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">credit card as of the Termination Date, Executive agrees and consents to the Company deducting the full amount owed from the Separation Benefits.</font></div><div style="margin-top:12pt;padding-left:36pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">General Release, Claims Not Released, and Related Provisions</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">.  </font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt;text-decoration:underline">General Release by Executive</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. In exchange for the Separation Benefits and other agreements provided for in this Agreement, Executive, on behalf of Executive and Executive&#8217;s heirs, dependents, beneficiaries, executors, administrators, representatives, successors, and assigns, hereby irrevocably, fully, and unconditionally releases and discharges the Company and its affiliates, parent companies, subsidiaries, joint venturers, divisions, and related entities, owners of properties managed by the Company or its affiliates, and each of their respective predecessors, successors, and assigns, and current, future, and former officers, directors, members, managers, employees, associates, agents, shareholders, benefit plans and programs, plan administrators, insurers, and attorneys (each in their individual and corporate capacities) (collectively, the &#8220;Releasees&#8221;), from any and all claims, actions, suits, damages, controversies, causes of actions, cross-claims, demands, debts, damages, complaints, and grievances of any nature whatsoever, whether in law or in equity, both past and present, whether known or unknown or suspected, or claims against the Company or any of the Releasees which Executive or any of Executive&#8217;s heirs, dependents, beneficiaries, executors, administrators, representatives, successors, or assigns may have (&#8220;Claims&#8221;), including those arising prior to and through the date of Executive&#8217;s signing of this Agreement, including, without limitation&#58;</font></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">i.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:11.67pt">Any and all Claims arising directly or indirectly out of any aspect of Executive&#8217;s hiring or employment with the Company or any Releasees, or the termination of such employment or services&#59;</font></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">ii.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:8.34pt">Any and all Claims Executive may have under the following laws, including any and all amendments thereto and all regulations issued thereunder, that may lawfully be released&#58;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">the Age Discrimination in Employment Act, the Older Worker Benefit Protection Act, Title VII of the Civil Rights Act of 1964, the Pregnancy Discrimination Act, the Equal Pay Act, the Americans with Disabilities Act, the Civil Rights Acts of 1866 and 1871, the Civil Rights Act of 1991, Sections 1981 through 1988 of Title 42 of the United States Code, the Employee Retirement Income Security Act, the Family and Medical Leave Act, the Immigration Reform and Control Act, the Fair Labor Standards Act, the National Labor Relations Act, the Worker Adjustment and Retraining Notification Act, the Affordable Care Act, the Fair Credit Reporting Act, the Occupational Safety and Health Act, the Genetic Information Nondiscrimination Act, the Florida Civil Rights Act, the Florida Whistleblower Act, and other federal, state, county, city, territorial, and local </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">laws, rules, regulations, ordinances, executive orders, and the like pertaining to human rights, civil rights, labor, employment, wages and compensation, termination of employment, employment benefits, discrimination, harassment, retaliation, whistleblower retaliation, and wrongful termination&#59;</font></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">iii.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:5.01pt">Any and all common law Claims, including, without limitation, Claims for wrongful discharge, other torts, assault, battery, emotional distress, defamation, libel, slander, fraud, negligent or intentional misrepresentation, or breach of contract, whether express or implied&#59; and</font></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">iv.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:5.67pt">Any and all Claims arising under any other federal, state, county, city, or local constitutional, statutory, regulatory, or common laws not expressly referenced above (including, without limitation, laws prohibiting employment discrimination and retaliation or regulating employment or termination of employment), including, without limitation, any laws or regulations of the jurisdictions where Executive resides or works, or where any Releasees are subject to jurisdiction, and laws requiring employer notification prior to plant closings, mass layoffs, layoffs, and reductions in force.</font></div><div style="margin-top:12pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">v.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt">This release of Claims applies to Claims that Executive knows about through and including the date of the signing of this Agreement. Executive understands that Executive may later discover Claims or facts that may be different than, or in addition to, those which Executive now knows or believes to exist with regard to the subject matter of this Agreement and the releases in this Paragraph 3, and which, if known at the time of executing this Agreement, may have materially affected this Agreement or Executive&#8217;s decision to enter into it. Executive hereby waives any right or Claim that might arise as a result of such different or additional Claims or facts.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.02pt;text-decoration:underline">Claims Not Released</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive is not waiving any rights Executive may have to&#58; (i) Executive&#8217;s own vested accrued employee benefits under the Company&#8217;s health, welfare, or retirement benefit plans as of the Termination Date, including the 401(k) Plan, the MVW DCP and the EDCP&#59; (ii) benefits and&#47;or the right to seek benefits under applicable workers&#8217; compensation and&#47;or unemployment compensation statutes&#59; (iii) pursue claims which by law cannot be waived by signing this Agreement&#59; (iv) enforce this Agreement&#59; (v) any claims for indemnification or contribution with respect to any liability of the Company as a result of any willful misconduct or material breach of fiduciary duties by Executive&#59; (vi) indemnification under the by-laws of the Company or any of its affiliates, applicable law, or otherwise&#59; and&#47;or (vii) any claims that arise after the date of this Agreement.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt;text-decoration:underline">Government Agencies</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Nothing in this Agreement prohibits or prevents Executive from filing a charge with or participating, testifying, or assisting in any </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">investigation, hearing, or other proceeding before the United States Equal Employment Opportunity Commission, the National Labor Relations Board, or a similar agency enforcing federal, state, or local laws. However, to the maximum extent permitted by law, Executive agrees that if an administrative claim is made to such an agency, Executive shall not be entitled to recover any individual monetary relief or other individual remedies. In addition, nothing in this Agreement, including but not limited to the release of claims nor the confidentiality and non-disparagement clauses, prohibits Executive from&#58; (i) reporting possible violations of federal law or regulations, including any possible securities laws violations, to any governmental agency or entity, including but not limited to the United States Department of Justice, the United States Securities and Exchange Commission, the United States Congress, or any agency Inspector General&#59; (ii) making any other disclosures that are protected under the whistleblower provisions of federal law or regulations&#59; or (iii) otherwise fully participating in any federal whistleblower programs, including but not limited to any such programs managed by the United States Securities and Exchange Commission and&#47;or the Occupational Safety and Health Administration. Moreover, nothing in this Agreement prohibits or prevents Executive from receiving individual monetary awards or other individual relief by virtue of participating in such federal whistleblower programs.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">Prior Claims</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive acknowledges that Executive has not suffered any on-the-job injury or illness for which Executive has not already filed a claim. Other than worker&#8217;s compensation claims that Executive has already filed prior to signing this Agreement and any whistleblower claims or complaints filed with the United States Securities and Exchange Commission or other government agency or entity, Executive acknowledges and represents that, as of the date of the execution of this Agreement, Executive has not brought any claim against the Company or any of the Releasees. Executive acknowledges and represents that Executive has not assigned any claim against the Company or any of the Releasees to any third party. The Company acknowledges and agrees that the Company has no known claims against Executive whether relating to Executive&#8217;s employment or otherwise.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">5.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">Sufficiency of Consideration</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive acknowledges that the Separation Benefits specified in this Agreement represent sufficient consideration for Executive&#8217;s release of claims and the other covenants contained in this Agreement. Executive further acknowledges that in the absence of this Agreement, Executive would not be entitled to, among other things, the Separation Benefits. Executive expressly acknowledges that the Separation Benefits and other agreements by the Company provided for in this Agreement exceed, supersede, and extinguish any amount, if any, to which Executive may be entitled under any verbal or written offer letter or employment agreement, any employment or personnel policies, procedures, handbooks, plans, or practices utilized by the Company or its affiliates, or any other legal obligation which the Company or its </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">affiliates may have to Executive (except those obligations set forth in this Agreement). Executive also acknowledges that any monetary or other benefits which Executive may have earned or accrued or to which Executive may have been entitled prior to Executive&#8217;s execution of this Agreement, either have been paid or have been released, waived, or settled by Executive pursuant to this Agreement.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">6.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">Non-Admission of Liability</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. The Company has entered into this Agreement with Executive to affect a mutually acceptable termination of Executive&#8217;s employment with the Company. This Agreement and the Separation Benefits are not intended to be, shall not be construed as, and are not, an admission or concession by the Releasees of any wrongdoing or illegal or actionable acts or omissions. The Releasees expressly deny that they engaged in any wrongdoing or illegal or actionable acts or omissions.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">7.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">Release of Age Claims&#58; Period for Review and Revocation</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt">Executive understands that Executive has been given a period of twenty-one (21) calendar days to review and consider this Agreement, unless pursuant to 29 C.F.R. &#167; 1625.22(e)(6), and if indicated by Executive&#8217;s signature below, Executive knowingly and voluntarily waives the twenty-one (21) calendar day pre-execution consideration period set forth in 29 U.S.C. &#167; 626(f)(1)(F)(i). Executive further understands that Executive may take as much or as little of this 21-day period of time to consider this Agreement as Executive wishes, before deciding whether to sign this Agreement.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.02pt">Executive may revoke Executive&#8217;s acceptance of this Agreement within the seven (7) calendar day period after Executive has signed it if Executive so desires (the &#8220;Revocation Period&#8221;). Any revocation must be in writing, must be directed to Michael E. Yonker, Executive Vice President &#38; Chief Human Resources Officer &#38; Global Communications Officer, and must be mailed to 7812 Palm Parkway, </font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Orlando, Florida 32836, or emailed to </font><font style="background-color:#ffffff;color:#3051f2;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">mike.yonker&#64;mvwc.com</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. If the revocation is mailed, it must be postmarked within the Revocation Period. This</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%"> Agreement will become effective and binding on the parties on the eighth (8th) calendar day after it is signed, provided that Executive has not revoked Executive&#8217;s acceptance of it in accordance with the procedures set forth herein.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">8.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">Advised to Consult with Attorney</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive is hereby advised to consult with an attorney of Executive&#8217;s own choosing before signing this Agreement. Executive understands that whether to do so is Executive&#8217;s decision, and that Executive has had adequate opportunity to so consult, and that Executive has been given all time periods required by law to consider this Agreement.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">9.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt;text-decoration:underline">Binding Agreement</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. This Agreement shall be binding upon and inure to the benefit of the parties, as well as their heirs, executors, administrators, representatives, agents, successors, and assigns.</font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">10.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Arbitration</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Other than as provided in Paragraph 24, any controversy, dispute, or claim arising out of or related to this Agreement or its enforceability shall be finally settled by final and binding arbitration conducted by a single arbitrator selected by the parties in accordance with the JAMS Comprehensive Arbitration Rules &#38; Procedures of the Judicial Arbitration and Mediation Services (&#8220;JAMS&#8221;).</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">11.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Confidentiality</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive represents and agrees that Executive will not disclose the terms of the negotiations leading up to this Agreement, to any persons, except (a) to Executive&#8217;s spouse, registered domestic partner, tax advisor, and&#47;or an attorney with whom Executive chooses to consult regarding Executive&#8217;s consideration of this Agreement, provided that Executive informs each such person of this confidentiality obligation, each such person agrees to be bound to its terms, and Executive shall be responsible for any violation of the terms of this Paragraph by any of those persons&#59; (b) to any federal, state, or local government agency, including but not limited to the National Labor Relations Board, Occupational Safety and Health Administration, or United States Equal Employment Opportunity Commission&#59; and (c) to the extent required by a subpoena or court order or otherwise required by law.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">12.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Confidential Information</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive acknowledges that Executive received and had access to Confidential Information (as defined below) of the Company and its affiliates through the Termination Date and that such Confidential Information is a special, valuable, and unique asset belonging to the Company and its affiliates. Without limiting Executive&#8217;s continuing obligations under any existing confidentiality agreement, and in recognition of Executive&#8217;s legal obligations and the consideration set forth in this Agreement, Executive agrees to and acknowledges the following&#58;</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt">Executive shall not disclose to any third person or use for the direct or indirect benefit of any person or entity other than the Company or its affiliates any Confidential Information without the Company&#8217;s express written consent, unless such Confidential Information has been previously disclosed to the public by the Company or its affiliates or is in the public domain (other than by reason of Executive&#8217;s breach of this Paragraph). &#8220;Confidential Information&#8221; includes, but is not limited to, trade secrets&#59; customer lists and details of contracts with or requirements of customers&#59; the identity of any owner of a managed property&#59; information relating to any current, past, or prospective management agreement or joint venture&#59; information pertaining to business methods, sales plans, design plans, and strategies&#59; management organization, computer systems or software, operating policies or manuals, personnel records, or information&#59; information relating to current, past, or contemplated employee benefits or compensation data or strategies&#59; business, financial, development, or marketing plans&#59; or manpower strategies or plans, financial records, or other financial, commercial, business, or technical information relating to the Company or its affiliates. Confidential </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Information does not include Executive&#8217;s own compensation, hours, schedule, and terms and conditions of employment.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.02pt">As of the Termination Date&#58; (i) Executive has returned to the Company, and has not retained any originals or any copies of, all documents, records, or materials of any kind, whether written or electronically created or stored, which contain, relate to or refer to any Confidential Information (&#8220;Confidential Materials&#8221;)&#59; and (ii) Executive has not disclosed any Confidential Information or Confidential Materials to any person or entity (other than the Company or its affiliates) without the express written authorization of an authorized officer of the Company. </font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt">Pursuant to 18 U.S.C. &#167; 1833(b), Executive will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret of the Company or any of its parent companies, subsidiaries, affiliates, predecessors, successors, or assigns that (i) is made (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to Executive&#8217;s attorney and (B) solely for the purpose of reporting or investigating a suspected violation of law&#59; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. If Executive files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Executive may disclose the trade secret to Executive&#8217;s attorney and use the trade secret information in the court proceeding, if Executive files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. Nothing in this Agreement or any other agreement between Executive and the Company or any of its affiliates or any policy of the Company or any of its affiliates is intended to conflict with 18 U.S.C. &#167; 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by such section.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(d)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.02pt">Nothing in this Agreement or any other agreement between Executive and the Company or any of its affiliates or any policy of the Company or any of its affiliates shall prohibit or restrict either party or their respective attorneys from&#58; (i) making any disclosure of relevant and necessary information or documents in any action, investigation, or proceeding relating to this Agreement, or as required by law or legal process, including with respect to possible violations of law&#59; (ii) participating, cooperating, or testifying in any action, investigation, or proceeding with, or providing information to, any governmental agency or legislative body, any self-regulatory organization, and&#47;or pursuant to the Sarbanes-Oxley Act&#59; or (iii) accepting any United States Securities and Exchange Commission awards. In addition, nothing in this Agreement or any other agreement between Executive and the Company or any of its affiliates or any policy of the Company or any of its affiliates prohibits or restricts Executive or the Company or any of its affiliates from initiating communications with, or responding to any inquiry from, any </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">regulatory or supervisory authority regarding any good faith concerns about possible violations of law or regulation.</font></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">(e)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:22.7pt">If Executive receives a subpoena or any other written or oral request for disclosure or release of any Confidential Information, Confidential Materials, or any other information concerning the Company or its affiliates, or its or their current or former employees, officers, directors, shareholders, or agents, including but not limited to this Agreement and any information concerning this Agreement, Executive shall (i) within two (2) business days of the service or receipt of such subpoena or other request notify the Company in writing mailed to </font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Marriott Vacations Worldwide Corporation, Law Department, 7812 Palm Parkway, Orlando, Florida 32836</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">, and provide the Company with a copy of any subpoena or other written request, or disclose the nature of the request for information, if oral, and (ii) prior to making any such disclosure, Executive will take all reasonable steps to afford the Company the opportunity to attempt to obtain a court order to assure the confidential treatment of the Confidential Information or Confidential Materials or to prohibit or limit such disclosure.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">13.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Non-Solicitation</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Without modifying or otherwise limiting Executive&#8217;s post-separation obligations under any existing lawful and valid agreement between Executive and the Company or its affiliates, and in recognition of Executive&#8217;s legal obligations and the consideration set forth in this Agreement, as permitted by applicable laws, during the two (2) year period commencing on the Termination Date, Executive agrees that Executive will not, without the prior written consent of the Company, solicit or attempt to solicit for employment with or on behalf of any person or entity, any person who is, or at any time during the six-month period preceding the solicitation of such person was, a management-level employee of the Company or the Company&#8217;s affiliates (including, without limitation, for this purpose any employee at director level or above and any General Manager of any resort or other property owned (in whole or in part) or managed by the Company or any of its affiliates)&#59; provided, that general non-targeted advertisements shall not by itself be a violation of the covenants in this Paragraph 13.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">14.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Return of Company Property</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive represents that, within not more than five (5) business days following the Termination Date, Executive has returned, or will return, to the Company all property of the Company and any of its affiliates in Executive&#8217;s possession, custody, or control, including, without limitation, laptops, printers, scanners and accessories, disks, PDAs, keys, cell phones, credit cards, access cards, records, documents, and files, and all copies and recordings thereof. For the avoidance of doubt, Executive will be permitted to (a) make a copy and maintain, but shall not delete from the Company&#8217;s systems, Executive&#8217;s contacts and Executive&#8217;s calendar to the extent Executive&#8217;s contacts and calendar do not contain Confidential Information and (b) have personal items downloaded for his personal use, and provided to him, by the Company. Executive also affirms that Executive is in possession of all of Executive&#8217;s property </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Executive had at the Company&#8217;s premises and that neither the Company nor any of its affiliates is in possession of any of Executive&#8217;s property.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">15.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Noninterference</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Where permitted by applicable law, and without modifying or otherwise limiting Executive&#8217;s post-separation obligations under any existing lawful and valid agreement between Executive and the Company or any of its affiliates, and in recognition of Executive&#8217;s legal obligations and the consideration set forth in this Agreement, during the two (2) year period following the Termination Date, solely with respect to matters of which Executive is aware on or before the Termination Date, Executive shall not&#58; (a) solicit or attempt to take away or to sever from the Company or any of its affiliates the business or goodwill of any individuals or entities who are customers or clients of the Company or the Company&#8217;s parent companies, subsidiaries, affiliates, successors, and assigns&#59; or (b) take or omit to take any action or actions that are intended to or actually cause or encourage any person or prospective entity with which the Company or any of its affiliates intends to enter into, a business relationship or intends to acquire (or any agent or affiliate thereof) to fail to enter into the contemplated business relationship, or complete the contemplated acquisition. Notwithstanding the foregoing, general solicitations of customers in the context of a non-competitive business shall not by itself be a breach of this Paragraph 15. Without limiting the generality of the foregoing, Executive agrees not to pursue on Executive&#8217;s behalf or on behalf of any other person or entity, or otherwise to interfere with the pursuit by the Company or any of its affiliates of, any business relationship, transaction, merger, or acquisition pending or contemplated by the Company or any of its affiliates, of which Executive was aware on or before the Termination Date.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">16.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Future Cooperation</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive will comply with all reasonable requests from any Releasee for assistance and&#47;or information in connection with any matters relating to the duties and responsibilities of Executive&#8217;s employment, including without limitation, consulting with any employees in connection with the transition of ongoing matters, consulting with attorneys of any Releasee and&#47;or appearing as a witness in connection with any dispute, controversy, action, or proceeding of any kind, and being available to attorneys of Releasees in advance of witness appearances for purposes of preparation upon the request of the Company and with reasonable advance notification without the need for the Company to issue a subpoena. In connection with any of Executive&#8217;s cooperation efforts mandated by this Paragraph after the Termination Date, Executive shall be entitled to receive reasonable reimbursement or compensation and reasonable travel and other out of pocket expenses, provided that those expenses are submitted pursuant to and are in conformance with the Company&#8217;s then-applicable policy relating to expense reimbursement.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">17.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Non-Competition</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Notwithstanding the provisions of any other agreements entered into between Executive and the Company or its affiliates, Executive shall not be deemed to be &#8220;Engaging in Competition&#8221; (or any other phrase or term of similar import) to the extent </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Executive is (a) not engaging in or with a business that does not primarily relate to the business of timeshares or exchange companies or (b) serving on a Board, so long as Executive complies with his confidentiality obligations and the appointment does not violate the Clayton Act.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">18.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Non-Disparagement</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Prior to and after the Termination Date, Executive agrees not to engage in any act or to make any false or maliciously disparaging statement (written or oral, including on social media and other online platforms), directly or indirectly, that is intended, or may reasonably be expected, to harm the reputation, business, or operations of the Company or the Company&#8217;s affiliates, successors, and assigns and their respective customers, employees, officers, or directors. As soon as reasonably practical but in any event by no later than the day after the Termination Date, the Company shall instruct each of its directors and executive officers to not make any false or maliciously disparaging statement (written or oral, including on social media and other online platforms) that is intended to harm the reputation of Executive. Notwithstanding the foregoing, the parties understand that nothing herein shall be construed to prevent or restrict any party from responding truthfully to questions or requests as part of an inquiry conducted by a court, government or law enforcement agency or in response to a subpoena or as otherwise required by law, or as otherwise expressly provided for in this Agreement. In addition, Executive will have the right to review and comment on the press release and Form 8-K issued in connection with Executive&#8217;s departure from employment with the Company.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">19.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Press and Media Announcements</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive shall not make any statements, whether oral or written, to the press or other media outlets (including, but not limited to, the press or other media outlets using any social media or other online platforms) regarding the Company or its affiliates or Executive&#8217;s employment or termination of employment without express written consent and approval of the Company, except that this Paragraph shall not apply to any statements Executive is required or permitted to make by reason of law, regulation, or any judicial or other similar proceeding or order or to truthful statements made in response to direct questions or otherwise in connection with the performance of Executive&#8217;s duties to a subsequent employer or service recipient that are not intended, or could not reasonably be expected, to harm the reputation, business, or operations of the Company or the Company&#8217;s affiliates, successors, and assigns and their respective customers, employees, officers, or directors. This Paragraph is not intended to prohibit Executive from referencing Executive&#8217;s employment (e.g., job title, terms of employment, job duties, dates of employment, or accomplishments) with the Company on Executive&#8217;s personal social media platforms or to future employers or business partners.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">20.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Attorneys&#8217; Fees</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. The Company agrees to pay the reasonable attorneys&#8217; fees, costs, and expenses incurred by Executive in the negotiation and preparation of this Agreement up to $40,000, subject to presentment of invoices detailing such fees, costs and expenses.</font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 12</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">21.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Waiver and Amendment</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. No delay or omission by the Company in exercising any right under this Agreement shall operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a waiver or bar of any right on any other occasion. This Agreement may not be modified in any manner, except by an instrument in writing signed by duly authorized representatives of the parties.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">22.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Choice of Law</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. This Agreement shall be governed by the laws of the State of Florida without giving effect to conflicts of law principles thereof and except that the interpretation and enforceability of the arbitration clause herein shall be governed by the Federal Arbitration Act.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">23.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Severability</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. If any term or provision of this Agreement is found by a court, arbitral authority, or governmental agency to be invalid, illegal, or unenforceable, such invalidity, illegality, or unenforceability shall not affect the validity of the remainder of this Agreement, which shall remain in full force and effect and continue to be binding on the parties&#59; provided, however, that if any fundamental term or provision of this Agreement (including without limitation the General Release in Paragraph 3(a)), is invalid, illegal, or unenforceable, the remainder of this Agreement shall be unenforceable, Company shall be released from any obligations under Paragraph 2 of this Agreement (excluding any obligations that relate to accrued benefits), and Executive shall be obligated to immediately repay to Company any payments and benefits received by Executive pursuant to Paragraph 2 of this Agreement (excluding any payments and benefits that relate to accrued benefits). The parties further agree that any such court, arbitral authority, or governmental agency is expressly authorized to modify any such invalid, illegal, or unenforceable provision of this Agreement instead of severing the provision from this Agreement in its entirety, whether by rewriting, deleting, or adding to the offending provision, or by making such other modifications as it deems necessary to carry out the intent and agreement of the parties as embodied in this Agreement to the maximum extent permitted by law.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">24.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Injunctive Relief</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive acknowledges and agrees that Paragraphs 11, 12, 13, 15, 16, 18, and 19 of this Agreement relate to special, unique, and extraordinary matters and that a violation of any of the terms of such Paragraphs will cause the Company irreparable injury for which adequate remedies are not available at law. Therefore, Executive agrees that the Company shall be entitled to an injunction, restraining order, or such other equitable relief (without the requirement to post bond) in a court of law restraining Executive from committing any violation of the covenants and obligations contained in Paragraphs 11, 12, 13, 15, 16, 18, and 19. These remedies are cumulative and are in addition to any other rights and remedies the Company may have at law or in equity.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">25.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Entire Agreement</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. This Agreement is the entire Agreement between Executive and the Company regarding the subjects addressed in this document, and this Agreement </font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 13</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">supersedes and cancels any other agreements, arrangements, obligations, or understandings between Executive and the Company or any of its parents or subsidiaries or their affiliates, provided, however, that the terms of any (a) lawful and valid confidentiality, non-disclosure, non-competition, non-solicitation, intellectual property, dispute resolution, or similar agreement (as modified by Paragraph 17 of this Agreement)&#59; (b) arbitration agreement&#59; and (c) applicable stock option, restricted stock, or restricted stock unit agreement(s) or plan, shall survive this Agreement, and Executive and the Company and its affiliates shall continue to be bound to the terms and conditions stated therein.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">26.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Right to Offset</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. In the event Executive violates any of the terms or conditions of this Agreement, the Company will have the right, in addition to and not in lieu of any other rights at law or in equity, to offset the amount of any damages caused by such breach or violation against any sums due or to become due to Executive under the terms of this Agreement.</font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">27.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">Section 409A Compliance</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. The terms of this Agreement and the Separation Benefits payable under this Agreement shall be construed and paid in such a manner as necessary to fall within the applicable exemptions of Section 409A of the Internal Revenue Service Code of 1986, as amended and as provided under Treasury Regulation Section 1.409A-1, </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-style:italic;font-weight:400;line-height:120%">et seq</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. (&#8220;Section 409A&#8221;). To the extent any amounts payable under this Agreement become subject to Code Section 409A and applicable guidance issued thereunder, this Agreement shall be construed, and benefits paid hereunder, as necessary to comply with such Code Section and such guidance&#59; provided, however, that in no event shall the Company or any of its parent companies, subsidiaries, or affiliates (or any of their predecessors or successors) be liable for any additional tax, interest, or penalty that may be imposed on Executive pursuant to Section 409A. For purposes of Section 409A, each (if any) installment payment provided under this Agreement shall be treated as a separate payment.  </font></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">28.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:21pt;text-decoration:underline">EXECUTIVE ACKNOWLEDGMENTS</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. Executive acknowledges that&#58;</font></div><div style="margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:31.8pt">Executive has read this Agreement&#59;</font></div><div style="margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:31.8pt">Executive has been advised to consult an attorney regarding this Agreement&#59;</font></div><div style="margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:31.8pt">Executive fully understands the terms of this Agreement&#59;</font></div><div style="margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:31.8pt">Executive has taken sufficient time to consider this Agreement&#59;</font></div><div style="margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:31.8pt">Executive is voluntarily entering into this Agreement of Executive&#8217;s own free will&#59;</font></div><div style="margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:31.8pt">This Agreement contains a release of all known and unknown claims and a restriction on release of Confidential Information and Confidential Materials&#59; and</font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 14</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:31.8pt">No promises or agreements of any kind have been made to or with Executive, other than those set forth in this Agreement, to cause Executive to sign this Agreement.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">To be effective, one executed original of this Agreement must be returned to the attention of Michael E. Yonker</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">, Executive Vice President &#38; Chief Human Resources Officer &#38; Global Communications Officer, by </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">mail to 7812 Palm Parkway, </font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Orlando, Florida 32836, or email to </font><font style="background-color:#ffffff;color:#3051f2;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">mike.yonker&#64;mvwc.com</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">,</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">before the close of business on the twenty-second (22nd) day following the date of this Agreement&#8217;s presentation to Executive.</font></div><div id="if836967ecdb7429f89171ace5668f480_4"></div><div style="margin-top:12pt;padding-left:216pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Marriott Ownership Resorts, Inc.</font></div><div style="margin-top:12pt;padding-left:216pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">By&#58;         </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">&#47;s&#47; James H Hunter, IV                                </font></div><div style="padding-left:216pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Name&#58;     James H Hunter, IV</font></div><div style="padding-left:216pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Title&#58;       Vice President</font></div><div style="padding-left:216pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Dated&#58;&#160;&#160;&#160;&#160;    November 9, 2025</font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS - PAGE 15</font></div></div></div><div id="if836967ecdb7429f89171ace5668f480_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">Executive Signature</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">*** NOT TO BE SIGNED PRIOR TO EXECUTIVE&#8217;S TERMINATION DATE ***</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">I, John E. Geller, Jr., acknowledge that I have been given at least twenty-one (21) calendar days (unless as waived below) to consider the terms contained herein and that I have seven (7) calendar days after signing this Agreement in which to revoke my acceptance hereof. I also acknowledge that I have been advised to consult with a lawyer prior to signing this Agreement. I knowingly and voluntarily agree to and accept the terms outlined in this Agreement without reservation and fully understand all of its terms.</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">ACCEPTED AND AGREED&#58;</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">&#47;s&#47; John E. Geller, Jr.                                 </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">John E. Geller, Jr.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Date&#58;&#160;&#160;&#160;&#160;November 9, 2025</font></div><div style="margin-top:48pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Pursuant to 29 C.F.R. &#167; 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) calendar day pre-execution consideration period set forth in 29 U.S.C. &#167; 626(f)(1)(F)(i).</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">ACCEPTED AND AGREED&#58;</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">&#47;s&#47; John E. Geller, Jr.                                 </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">John E. Geller, Jr.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Date&#58;&#160;&#160;&#160;&#160;November 9, 2025</font></div><div><font><br></font></div><div style="height:100.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="if836967ecdb7429f89171ace5668f480_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">EXHIBIT A</font></div><div style="margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">Approved Retiree Non-competition and Non-solicitation Agreement</font></div></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">MARRIOTT VACATIONS WORLDWIDE CORPORATION</font></div><div style="margin-top:9pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">APPROVED RETIREE</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">NON-COMPETITION AND NON-SOLICITATION AGREEMENT</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">John E. Geller, Jr.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">, I am pleased to advise you that the Compensation Policy Committee (the &#8220;Committee&#8221;) of the Board of Directors of Marriott Vacations Worldwide Corporation (&#8220;MVW&#8221;) has confirmed your status as an &#8220;approved retiree&#8221; for the purposes of the</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-style:italic;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Marriott Vacations Worldwide Corporation (MVW) 2020 Equity Incentive Plan (the &#8220;Stock Plan&#8221;) and the Marriott Vacations Worldwide Deferred Compensation Plan (the &#8220;DCP&#8221;) (together, the &#8220;Plans&#8221;).  Your status as an approved retiree affects your rights under the Plans as stated below subject to the plan documents&#58;</font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">In accordance with the terms of the DCP, vesting and distribution of any Company Accrual accounts (including employer matching amounts) is conditioned upon you complying with the requirement not to engage in competition with MVW and its subsidiaries (collectively, the &#8220;Company&#8221;) as defined in the DCP and described below.  </font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Any unvested deferred stock award will continue to vest and distributions will commence beginning next January in accordance with the terms of the Stock Plan and any decisions you have made concerning payment, subject to the requirement not to commit any criminal act or malicious tort related to or against the Company and the requirement not to engage in willful or grossly negligent acts or omissions that are or potentially are injurious to the Company&#8217;s operations, financial condition or business reputation.  Your continuing status as an approved retiree eligible for distributions of deferred bonus stock will be conditioned upon you not engaging in competition with the Company as defined by the Stock Plan and described below.  </font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Any management stock options or stock appreciation rights (SARs) will continue to vest under the Stock Plan for up to five years following the date of retirement and vested portions may be exercised until the earlier of the fifth anniversary of retirement or the expiration date of the option&#47;SAR.  However, in accordance with the terms of the Stock Plan, your ability to exercise your management stock options&#47;SARs is conditioned upon the requirements not to engage in competition with the Company as defined by the Stock Plan and described below, not to commit any criminal act or malicious tort to or against the Company and the requirement not to engage in willful or grossly negligent acts or omissions that are or potentially are injurious to the Company&#8217;s operations, financial condition or business reputation.  </font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Any MVW Shares will continue to vest (provided that you meet the retiree definition of at least age 55 with at least 10 years of service) and vested shares will be released to your account immediately upon vesting in accordance with the terms of the Stock Plan and your MVW Share Award agreement(s), subject to the requirements not to engage in competition with the Company as defined by the Stock Plan and described below and not to commit any criminal act or malicious tort related to or against the Company. </font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">The terms of the Plans provide that you not engage in activities in competition with the Company in order to receive benefits following retirement under the Plans.  For deferred stock benefits, this non-competition requirement will last until the January of your final stock distribution per the terms of the Stock Plan&#59; for stock options&#47;SARs and MVW shares plan benefits, this non-competition requirement will last up to 5 years from the date of your retirement&#59; for the DCP, this non-competition requirement will last until your last scheduled distribution date of Company </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Accruals per the terms of the DCP.  Engaging in competition means (i) engaging, individually or as an employee, consultant, owner (more than five percent) or agent of any entity, in or on behalf of any business engaged in significant competition (or that transacts or cooperates with another business in activities of significant competition) with any business operated by the Company or with interests adverse to those of the Company as of the date of this agreement&#59; (ii) soliciting and hiring a key employee of the Company in another business, whether or not in significant competition with any business operated by the Company as of the date of this agreement&#59; or (iii) using or disclosing confidential or proprietary information of the Company, in each of the above cases, without the prior approval of MVW&#59; provided, that, in accordance with Paragraph 17 of the Separation Agreement and General Release of Claims (the &#8220;Separation Agreement&#8221;) to which this agreement is attached, we acknowledge and agree that you shall not be deemed to be &#8220;engaging in competition&#8221; (or any other phrase or term of similar import) to the extent you are (a) not engaging in or with a business that does not primarily relate to the business of timeshares or exchange companies, or (b) serving on a Board, so long as you comply with your confidentiality obligations and the appointment does not violate the Clayton Act.  </font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Determination of whether or not particular activities are in competition will be made by MVW in its reasonable judgment, subject to the terms of this agreement and the Separation Agreement.  Should a determination be made by MVW that you have engaged in competition as described above, then&#58; (i) in the case of stock options&#47;SARs, any options&#47;SARs that are vested on the determination date will be exercisable for up to 3 months from such date of determination and any options or portions of options which are not exercisable shall be immediately cancelled on such determination date&#59; (ii) in the case of deferred stock  and MVW Shares, any undistributed shares on the determination date shall be immediately forfeited&#59; (iii) in the case of DCP balances, any undistributed Company Accruals will be immediately forfeited.  Since the question of whether or not particular activities are in competition with the Company is not always an easy one, you are encouraged to provide to MVW sufficient information about potentially competitive activities in which you plan to engage that will enable a prompt determination to be made.  Such a proposal should be forwarded to the VP Total Rewards, Marriott Vacations Worldwide Corporation, 7812 Palm Parkway, Orlando, FL  32836.</font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Please confirm your agreement to not engage in competition (as defined above) with the Company in return for the benefits described above by signing one copy of this agreement as provided below and returning it in the enclosed envelope.</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Marriott Vacations Worldwide Corporation</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">By&#58;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">&#160;&#160;&#160;&#160;&#47;s&#47; Thomas Jones&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="text-indent:27pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Thomas Jones</font></div><div style="text-indent:27pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">VP Total Rewards</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Approved&#58;</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">&#47;s&#47; John E. Geller, Jr.     &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">                </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">November 9, 2025&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">John E. Geller, Jr.</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">                                             &#160;&#160;&#160;&#160;    Date</font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">Signature</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>pressrelease-announcementn.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2025 Workiva -->
<title>Document</title></head><body><div id="ic970c99a19234aa1b95af916a7f12576_1"></div><div style="min-height:54pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:11pt;font-weight:700;line-height:120%">                                                          </font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:11pt;font-weight:700;line-height:120%">                         </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 99.1</font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.851%"><tr><td style="width:1.0%"></td><td style="width:29.600%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.125%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.552%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.323%"></td><td style="width:0.1%"></td></tr><tr style="height:45pt"><td colspan="3" rowspan="3" style="padding:0 1pt;vertical-align:top"><div><img alt="newmvwlogo2023a.jpg" src="newmvwlogo2023a.jpg" style="height:50px;margin-bottom:5pt;vertical-align:text-bottom;width:157px"></div></td><td colspan="6" rowspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Neal Goldner</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Investor Relations</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:8pt;font-weight:400;line-height:130%">407-206-6149</font></div><div style="text-align:right"><font style="color:#0e32e1;font-family:'Montserrat',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Investor&#64;mvwc.com</font></div></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:45pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Cameron Klaus</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Global Communications</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:8pt;font-weight:400;line-height:130%">407-206-6300</font></div><div style="text-align:right"><font style="color:#0e32e1;font-family:'Montserrat',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">media&#64;mvwc.com</font></div></td></tr></table></div><div style="margin-top:12pt;text-align:center"><font style="color:#003a5d;font-family:'Montserrat SemiBold',sans-serif;font-size:14pt;font-weight:700;line-height:112%">Marriott Vacations Worldwide Announces Leadership Changes, Appoints Matthew E. Avril as Interim President and CEO</font></div><div style="margin-top:6pt;text-align:center"><font style="color:#003a5d;font-family:'Montserrat SemiBold',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:112%">Board of Directors Commences Search for Permanent Successor</font></div><div style="margin-top:15pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:700;line-height:145%">ORLANDO, Fla. &#8212; November&#160;10, 2025 &#8212;</font><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%"> Marriott Vacations Worldwide (NYSE&#58; VAC) (&#8220;MVW,&#8221; &#8220;the Company,&#8221; &#8220;we,&#8221; &#8220;us&#8221; or &#8220;our&#8221;) today announced that its Board of Directors has appointed Matthew (Matt) E. Avril, an independent director of MVW, as Interim President and Chief Executive Officer, effective immediately. This appointment follows John Geller&#8217;s departure as President and CEO of MVW and as a director of the Company. The Company&#8217;s Board of Directors has commenced a search for a permanent President and CEO. </font></div><div style="margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">&#34;In his short tenure on our Board, Matt has added strategic value to the Company and has served as a knowledgeable contributor to the Board. We are grateful that he has agreed to step into this role at a critical time,&#34; said Bill Shaw, chairman of MVW&#8217;s Board of Directors. &#34;With decades of operational and leadership experience at top vacation ownership and hospitality brands, we are confident Matt has the right depth of experience to work alongside our experienced management team to help improve our performance. I am confident he will bring a sense of urgency to the business and put us on the right path to restore shareholder value.&#34; </font></div><div style="margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Mr. Avril joined MVW&#8217;s Board of Directors in March 2025. He has more than 30 years of experience in the hospitality and vacation ownership industry, most recently serving as Chief Executive Officer of Diamond Resorts International, Inc., a leading hospitality and vacation ownership company. Prior to that, he was Chief Executive Officer-elect for Vistana Signature Experiences, Inc., a vacation ownership business, after his retirement as President, Hotel Group, for Starwood Hotels &#38; Resorts Worldwide, Inc., a publicly traded hotel and leisure company. </font></div><div style="margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Mr. Avril said, &#34;I recognize that this is a critical time for the Company. The resilience of our business, strength of our brands, and depth of our management team all reinforce the strong future MVW has ahead of it. We must execute in order to deliver results, and I am committed to working closely with the Board and management team to create immediate shareholder value.&#34;</font></div><div style="margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Mr. Shaw adds, &#8220;I want to thank John for his years of dedication and service to this Company. We appreciate his leadership in guiding the organization through its transformation over the years.&#8221;</font></div><div style="margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The Board of Directors and management believe the Company&#8217;s shares are undervalued, and the Company intends to opportunistically repurchase shares under its remaining $347 million Share Repurchase Program during the quarter. </font></div><div style="margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The Company is reaffirming its 2025 guidance issued on November 5, 2025. In addition, the Company is postponing its planned Investor Day that was scheduled to be held on December 17 until further notice.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.833%"><tr><td style="width:1.0%"></td><td style="width:39.893%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.726%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.081%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="margin-top:24pt"><font><br></font></div></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:700;line-height:145%">About Marriott Vacations Worldwide Corporation</font></div><div style="margin-top:3pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The Company routinely posts important information, including news releases, announcements and other statements about its business and results of operations, that may be deemed material to investors on the Investor Relations section of the Company&#8217;s website, www.marriottvacationsworldwide.com. The Company uses its website as a means of disclosing material, nonpublic information and for complying with the Company&#8217;s disclosure obligations under Regulation FD. Investors should monitor the Investor Relations section of the Company&#8217;s website in addition to following the Company&#8217;s press releases, filings with the SEC, public conference calls and webcasts.</font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:700;line-height:145%">Note on forward-looking statements</font></div><div style="margin-top:3pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">This press release contains &#8220;forward-looking statements&#8221; within the meaning of federal securities laws, including statements about share repurchases and the Company&#8217;s 2025 guidance.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;intend,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;may,&#8221; &#8220;might,&#8221; &#8220;should,&#8221; &#8220;could&#8221; or the negative of these terms or similar expressions. The Company cautions you that these statements are not guarantees of future performance and are subject to numerous and evolving risks and uncertainties that we may not be able to predict or assess, such as&#58; uncertainty in the current global macroeconomic environment created by rapid governmental policy and regulatory changes, including those affecting international trade&#59; a future health crisis and responses to a health crisis, including possible quarantines or other government imposed travel or health-related restrictions and the effects of a health crisis, including the short and longer-term impact on consumer confidence and demand for travel and the pace of recovery following a health crisis&#59; variations in demand for vacation ownership and exchange products and services&#59; failure of vendors and other third parties to timely comply with their contractual obligations&#59; worker absenteeism&#59; price inflation&#59; difficulties associated with implementing new or maintaining existing technologies&#59; the ability to use artificial intelligence (&#8220;AI&#8221;) technologies successfully and potential business, compliance, or reputational risks associated with the use of AI technologies&#59; changes in privacy laws&#59; the impact of a future banking crisis&#59; impacts from natural or man-made disasters and wildfires, including the Maui and Los Angeles area wildfires&#59; delinquency and default rates&#59; global supply chain disruptions&#59; volatility in the international and national economy and credit markets, including as a result of the ongoing conflicts between Russia and Ukraine, Israel and Hamas, and elsewhere in the world and </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="margin-top:24pt"><font><br></font></div></div><div style="margin-top:9pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">related sanctions and other measures&#59; our ability to attract and retain our global workforce&#59; competitive conditions&#59; the availability of capital to finance growth&#59; the impact of changes in interest rates&#59; the effects of steps we have taken and may continue to take to reduce operating costs and accelerate growth and profitability&#59; political or social strife&#59; and other matters referred to under the heading &#8220;Risk Factors&#8221; in our most recent Annual Report on Form 10-K and quarterly report for the quarter ended September 30, 2025, and which may be updated in our future periodic filings with the U.S. Securities and Exchange Commission.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#000000;font-family:'Montserrat',sans-serif;font-size:10pt;font-weight:400;line-height:145%">All forward-looking statements in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. There may be other risks and uncertainties that we cannot predict at this time or that we currently do not expect will have a material adverse effect on our financial position, results of operations or cash flows. Any such risks could cause our results to differ materially from those we express in forward-looking statements.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>vac-20251108.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:39d03f5c-9d75-4918-9ab9-751fa0550045,g:78561345-d491-44a1-9653-95ab88933901-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:vac="http://www.marriottvacationclub.com/20251108" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.marriottvacationclub.com/20251108">
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2024" schemaLocation="https://xbrl.sec.gov/dei/2024/dei-2024.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="vac-20251108_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="vac-20251108_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="DocumentandEntityInformationDocumentandEntityInformation" roleURI="http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation">
        <link:definition>0000001 - Document - Document and Entity Information Document and Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>vac-20251108_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:39d03f5c-9d75-4918-9ab9-751fa0550045,g:78561345-d491-44a1-9653-95ab88933901-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_096cda39-e824-4a87-931d-5e26568b844a_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_a57f9a15-d0f8-47d8-8926-2d68d5b77d9d_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_76f52389-c984-4f8c-9599-892d73df98c5_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_01e30230-1b4f-4c2b-8deb-6701b2d6c799_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_b0d272e0-8a15-4432-95d2-7617cd446b99_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_9aef3c96-85d9-469e-8a4a-2b158ee37b23_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_b4fe7745-e00c-4bab-8a3a-611f8b5e77f3_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_6db2e5a6-9b0e-46c1-9f7e-a3e465c9a1ae_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SolicitingMaterial_cd93ab3e-0352-4005-acc6-47a8a8dde69b_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
    <link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SolicitingMaterial"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_75138df8-e87c-4ea2-aaf2-10aff3fc3698_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_be95940d-e484-4611-8102-4c1d94f0ed42_terseLabel_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_WrittenCommunications_3408892e-b1e2-4181-93dd-7cd95ac84514_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
    <link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_WrittenCommunications"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_d903a324-124b-42a5-80c4-d5781d5cfe31_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_5f8ef9d9-26a0-4d83-8417-ca93d6e445b2_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_89ffd8b3-548a-48b2-8f56-751a638f0a22_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_ada397e8-b253-44a6-92c4-ad2c087541c5_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_41a4d86c-6cb0-4e6a-bbde-ec660c5b6276_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_f36a168c-79af-4dbd-8186-50942944c2fb_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_2c4de1ab-ce6c-4ef1-9837-7839ec5fa196_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_7c17921e-aa27-465e-be45-1a3b2071605b_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementTenderOffer_df1de133-6f06-4b00-abef-e361683d22d6_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_59b41a46-932c-4381-aee1-e0431f564cbf_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_69a55042-a397-4cd8-810d-bea845b9291b_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>vac-20251108_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:39d03f5c-9d75-4918-9ab9-751fa0550045,g:78561345-d491-44a1-9653-95ab88933901-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation" xlink:type="simple" xlink:href="vac-20251108.xsd#DocumentandEntityInformationDocumentandEntityInformation"/>
  <link:presentationLink xlink:role="http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_09cfe4a8-2258-4f6b-a25f-1063cf30524f" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_DocumentType_09cfe4a8-2258-4f6b-a25f-1063cf30524f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_920ce9ae-d8e5-4be8-8d0c-8a2c47257865" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_DocumentPeriodEndDate_920ce9ae-d8e5-4be8-8d0c-8a2c47257865" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_521f679c-54da-435f-a21b-8e75e269d8cb" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityRegistrantName_521f679c-54da-435f-a21b-8e75e269d8cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_65e91647-3a7c-4c8f-a7e9-a9a159e3027a" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityIncorporationStateCountryCode_65e91647-3a7c-4c8f-a7e9-a9a159e3027a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_909741fd-826b-41e2-a5e6-6fa082dd14da" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityFileNumber_909741fd-826b-41e2-a5e6-6fa082dd14da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_b847dba3-fd15-4681-a936-f9ff06c0adf0" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityTaxIdentificationNumber_b847dba3-fd15-4681-a936-f9ff06c0adf0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_107113db-468c-413b-bab6-163f23f776f2" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityAddressAddressLine1_107113db-468c-413b-bab6-163f23f776f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_3ab3bba0-8c8e-4e1c-8b5a-ce91d42bbec7" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityAddressCityOrTown_3ab3bba0-8c8e-4e1c-8b5a-ce91d42bbec7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_17fde3ed-c55d-415c-aa38-67d2e797a6f6" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityAddressStateOrProvince_17fde3ed-c55d-415c-aa38-67d2e797a6f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_40bf76f6-bdd3-4121-ba03-423d1a8709a2" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityAddressPostalZipCode_40bf76f6-bdd3-4121-ba03-423d1a8709a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_f73c17ba-aa7c-4f61-9753-0bc41449e73a" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_CityAreaCode_f73c17ba-aa7c-4f61-9753-0bc41449e73a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_3de03f9e-67e8-4374-8968-53cbf4b721c3" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_LocalPhoneNumber_3de03f9e-67e8-4374-8968-53cbf4b721c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_54869300-a40b-4269-81b0-3ecbc8771c6c" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_WrittenCommunications_54869300-a40b-4269-81b0-3ecbc8771c6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_aee4ceda-10de-4175-94c7-a7bcc5a5f05d" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_SolicitingMaterial_aee4ceda-10de-4175-94c7-a7bcc5a5f05d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_32c60020-9bab-435d-a69d-1b83ee2e285e" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_PreCommencementTenderOffer_32c60020-9bab-435d-a69d-1b83ee2e285e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_380ed960-504c-4853-be50-2eb2acb150e1" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_380ed960-504c-4853-be50-2eb2acb150e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_67bae543-3a1c-4210-a484-6371f5ca7258" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_Security12bTitle_67bae543-3a1c-4210-a484-6371f5ca7258" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_f2c4284a-2756-4e9d-bc5a-b907459089e4" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_TradingSymbol_f2c4284a-2756-4e9d-bc5a-b907459089e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_3c321e52-9b0d-4a35-b85a-a18fecd6618f" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_SecurityExchangeName_3c321e52-9b0d-4a35-b85a-a18fecd6618f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_84000b70-a255-4c19-b921-5f4498a167ee" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityEmergingGrowthCompany_84000b70-a255-4c19-b921-5f4498a167ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_ab126cab-e45f-4849-b7fb-7d3a9f61aa20" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_EntityCentralIndexKey_ab126cab-e45f-4849-b7fb-7d3a9f61aa20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_f7977d4e-4b02-4219-9eb8-e36e77ccb913" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_70a0e52d-3382-4640-ba27-70317a92f091" xlink:to="loc_dei_AmendmentFlag_f7977d4e-4b02-4219-9eb8-e36e77ccb913" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>newmvwlogo2023a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 newmvwlogo2023a.jpg
M_]C_X  02D9)1@ ! 0$ 9 !D  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  R )T# 2(  A$! Q$!_\0
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M3OAU,TEG8I )!<J1&,,V1@_N\EL')8FO>^MT.:]M;6OY<OYWT]#B]E.WSO\
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M?*2/0?@GXS^(WB7^V['XD>"K;PKJ6GM";>ZT^[%Q:WZ/OR8^3M*%!D%B?G'
M[^%/:^/?V6?CU\0O$6G^ =6^(7@CQO<1Z@9?#Z>=>6<ZEBRF(9)&9'] 1MP0
M017NWP5^)GBSXGKK-]K_ ,/]0\!:7"84TZ/5Y!]KNB=YE9X\ Q@?NP 1SD\G
MMG6A&-.\(KELM;ZWZ]?PL5%MR]YZ]CG/VF/CKX@^%4W@_P /^"=%M/$?C;Q/
M?/!9Z;>,53R8T+2.2&7&"4Y) QN/:M_]FGXT?\+X^$NF^*)[:.PU7S9;/4K&
M+<!;7,;89,,21E2C 'G#BO!O$OP:^)WQR_:@\3>,+#Q!??#"P\*P1Z1H.I76
MCBZ:\5@XG>))'4;2Q?YQG*N@'>MK]F7X7^.?V?\ XY^,_"^LS7GBKPQXDMUU
MM/$T6G?9K87^YO-1D5F6-F!;C/.Q, 9Q5RI4?8<J:YTD^M_3MLUY[B4I<][:
M%3]H;]H[XZ? Z?5=7?P+X9D\%KJ7V+3]0FNF::968^4719L@D#G@8KV;X'^(
MOBYKTFLCXH^%-%\-)$(?[/;2;KSO.)W^9O\ WCXQA,=.IZUQ'[>?@O7O'GP-
MATSPYI%YK>H#6;28VUC"99-B[]S8'89%?1M8U)P="-HJ[OZZ6\RHI\[U=CQ?
MX:_'#5O&W[0?Q-\ 75A9P:;X52U:UNH=_G2^:@8[\L1QGC %4/CC^T-KO@_Q
M]HGPX^'WA=/%OCW5;9KXQ74_DVEC; D>;*W&02K<9'0<Y*@X7P5\$>(-%_:Z
M^-NOW^CWEGHFJ1V(L;^:$K#<E8U#;&/#8/7%9WQJ\+^-_A;^T7IWQE\(>%9_
M'.EW6B_V'K.CV+?Z9$OF!UEB7DMT3@ _<;. V1K&%+VR5E\*MKHW9?J3S2Y+
M^?X7+?A;]I#XA>#?B=X:\%_&3P;IN@MXG<P:3K>@W+2VKW P/)=6+$$EE .>
MK+P021U_[6_QQUG]G_X6V_B70=-M-5OYM3AL!;W@<H0ZR'("$'.4&/K7D6JI
MX\_:R^,/PXO9_A[K/P^\#^#M276;B[\21>1=7<R,K)&D1P0,Q@9&1AB21A0>
M[_;M\%Z]X[^$.CZ?X=TB\UJ]C\16=P]O90F1UC42;G('89'/O5>SI^VIJ:2O
MNNG]6%S2Y)6^14UK]L6"^_9/UGXK^&+*VDUO23;6][HM^6(M;E[F&&2-PI#8
MQ(64\9&,]P/:KSX@0Z'\)Y?&^J0L8+313K%U#:KEMJP>:ZH">O! R?QKX]_;
M8_9?\5V\FO\ B3X66-U>V/C 16WB?P[81ES+)',DT5TD8[[XQN(Y!9CT=L?6
MDBZUHOP1BCT[0H]:UVVT*-(]%NRJ+<RK  8'+$ 9.5.?6HJTZ/)"5/JWZI::
M/\=2HRGS-2Z(^>/!/[2WQ\^)&@1^,/#'PW\)ZSX8E+2)I=OK0.I>6&(PS;]H
M? Z% ?\ 9YQ7UWIUQ)>:?:SS0-:S2Q*[P,<F-B 2I]P>/PK\SO'7P]7Q3"S>
M!OV;O'OP[^)+2QFVU+3IYH=.MWWKN82$",#&1\H0#@Y&#7Z/>![76+'P5X?M
MO$-PEWK\.GV\>HW$?W9;D1J)6'L7W'\:>,IPBHN"2\NOYO[]!492=T_Z_!&W
M1117EG2<QX%^)7AGXF6NHW'AK58]4BTZ\>PN]B.C0SH 61E=0<C([8J+X>?%
M;PG\6+"^O?"6MV^MVMC<FTN)( P"2@ E?F SP1R.#V-?%7CSXB-^R[\4OVC-
M%A;R&\5:7#KN@H.&:[G;R',8[L))Y'P.T!]#6#H\D_["UUXW\-7ETT,?B;P#
M#J=D\C\#6(T,+QJ?^NCR/@?PA17K_45)-Q>KMR^>U_NN<OMFGK\S[X^'_P 2
MO#7Q4T6;5_"FJQZSIL5P]HUS$CJOFJ 64;E&<;AR..>M<UXZ_:6^%_PTUHZ/
MXD\:Z9INJ+M#VA=I9(\]-X0-L_X%C@@]Q61^RE\/Y?AG^S;X-T>.)4U)M.^W
M3+)Q_I$^9BK?[I<+]%KPK]@G1_ 6J_#GQ'<>*[72;WXB-K%T/$/]O1QO>JQ;
MHXE^8(><]BV_/(-8*C2O4EJXQ=M-^NOX%\\O=75GV!X4\7Z)XZT.#6/#VJVF
MLZ7/_J[NRE$D9]1D=".X/([UPWQ _:<^&'PK\1/H/BKQ9;Z/JZ1K,UK)!,Y"
M,,J<JA'/UKP[]BU=-M_CE\=+?P0RM\-$O[8V(MB3:"Z*MYOD?P[<@_=XVB+M
MMK.^+WB'0=*_:ZUJ.R^$.H?%'Q;_ ,([#Y]NUU ]JEL7C_>+!)"V'5MB[MW\
M9&.:N.%C[:5-W:2OT3Z;WTZB=1\BD?4OP[^+G@WXL6=Q=>$/$=AK\5LRK.+2
M7+Q$C*[T.&7/.,CG!]#5F\^(_ANP\>V/@JXU2./Q1?6C7UOIQ1RTD"E@7#8V
MXRC=3GBOE#]BNS3Q]\=/B1\2['P[IO@'38[=?#\GA.SD F@N%:-FEFB5$"$^
M41G R2XY()/1_$;5;+1O^"AG@"ZU"\M[&V7P=.#-<RK&@)DN<#+$"IEAHJK*
MFGLK_.U[ JC<5+S/K&O*/&W[5/PJ^'/BJ\\-^)/&-KI6MV?EB>TE@F8Q[T61
M<E4*\JZGKWKT32?$VCZ^\B:9JUCJ+Q@%UM+E)2H/0G:3BOD;PS8>#[_]O#XV
MKXPM]$N+9=.TLP#6TA9 _P!DM\[?-XSCTK'#THS<O:7T5]/5+]2YR:MR]3ZH
M\#?$?PO\3-+?4?"NO6&OV2-LDEL9UD\ML9VL!RIQV.#3(_B5X9D^($G@<:K&
M/%4=G_:!TUD</Y&0-X8KM(R>@.>OH:^6?A;!X=T_]OS7H/AH+)/##^&0VNQZ
M-C["MX)..$^0/]S@=S)WW5T'[4LL7PK_ &AO@M\59)%M=.-W)X9U>YD;;&D,
MRL8BQ_NKOG<_[@K;ZM'VG(F]5=>MKV9/M'RW[,^@(?BOX2G^(TW@--;MV\70
MV_VN32]K>8L6 =V<;>C XSG!SBIK'XE>&M3\?:EX*M=5CF\4:;;+>7>GJC[H
M8FV;69MNWGS$XSGGI7Y[Z/-?Z;X@T']JJYDFBM=6\=S6DZN3M319%-LCD'^X
M$D3Z[/P^B?V,81XX\8_&+XK2?O5\1>(7L-/E/)-G;#;&0?0AD'UCJZV$C2@Y
MWV7_ )-?5$QJN3M_5CZ!D^(_AN'Q_%X(?5(U\4RV7]HIINQ]YM]Q7S-V-N,J
M1C.>.E9/Q0^.7@;X,_V9_P )IX@AT+^TO-^R>=%(_F^7LWXV*V,>8G7UKQ/5
M/^4D&C_]B&W_ *4RUD?MH0Z9<?M ?LW1ZREI)I3:KJ N4O@I@*9L\APWRX^O
M%1##PE4A%WLXW_!O]"I5&HMKHSWSX>_M!_#GXK7QLO"GC#3=8O\ 89/L<<A2
M<J.I$;@,0/4"M;XE?%7PI\(-#@UGQAK$6B:9/<K:1W$L;N&E96<+A%)^ZCGI
MCBODG]JS3_ .E>-O@]-\,HM#M?B'_P )1;+#'X<6)'>T)/F>:(?X-VP?-V,G
M;=76?\%*(Y9/A#X)2'[-YS>,[$)]M&8-WV>ZQYG^QGK[9JHX:$JE-*Z4N^^A
M+J249=T>I^&_VP/@_P",/$&GZ)H_C:UOM5U"=;:VMDMIU,DC'"J"8P!D^IKO
M+GXF^%;&^NK.ZUZRM+FVD,4L=Q+Y9##J!NQG'MFOGGX(^%]>T[X@64_C$_ ]
M]/53]F_X1&W5=0%UD>44+1COGH<YQBOJ"+1=.MY)GBL+6-YG,LK+"H,CGJS'
M')]S6%>%*G*T;_?_ , TA*4E=GR)^USHNGZA^TA\)I+JPMKF0RVJ%YH5<[?M
M@XR1TY/'N:9_P41TBQU!_AX]U96]RXDO5#31*Y _T?CD=***]?#_ !X?T?ZG
M+/:I\C[*50BA5 50,  <"OS-_P""DWAS2=/^,&@7-KI=E;7%]';R7<T-NB/<
M,7E!:0@98D*!DYZ"BBN?*?\ >'Z&F*^ ^Z_V<]#TWP_\%/"4&EZ?:Z;#+813
MR1VD"Q*\C*"SD*!ECW/4UPF@6L"_MQ>);@0QBX;P@B&7:-Y7S[?C/7%%%8/^
M+6]'^97V8&1X-L[?3?VZO&PLX([47>AQRW'D($\Y]MN=SX^\<D\GU->-_P#!
M0C2K*^^+.@/<V=O<.-$C4-+$K$#SYN,D445W8?\ WN'^%?D8U/X3]3?_ ."=
M.EV5AKGC=K:T@MV:WM06AB521NEXX%>2_MD:+I]W^TAXOEGL+::5OL>9)(59
MC_H< Y)%%%==/_D83]/\C*7\"/J?7O[%?AO2=#^"]I<:=I=EI\]W*6N);6W2
M-IB ,%RH!;&3C/K4'[<]A;:A\!+M+JVAN474+9U69 X#;B,C/?!(_$T45Y4O
M^1A\SI_Y<?(YSQ;I%@W[ 5O9FRMS:#1;)A;^4OEY\^)L[<8SNY^O-=]^QQ9V
M]C^SCX2CMH([>/\ TMMD2!1G[7-S@4445O\ =I_XW^00_B+_  F)J%K ?VXM
M-N##&;@>$"@EVC?M\^3C/7%>8_\ !1O3;34/^%>_:K6&YV?VCM\Z,/C/V;.,
MCV%%%:8;_>:/^']&*I_#EZ_Y&)_P3Z\)Z(GB[7M071M/6_M;;]Q="U3S8MQ
M;8V,KD$@X/(->G_\%!K*WOO@SHT=S!%<1C7X6"RH& /V:YYP?K116];_ )&$
M/D9P_@,^+_@GH.F0_&;P%)'IUHDBZ_8,K+ H((N8\$'%?K;1166;_'#T*PNS
#/__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.25.3</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information Document and Entity Information<br></strong></div></th>
<th class="th"><div>Nov. 08, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Nov.  08,  2025<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Marriott Vacations Worldwide Corp<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-35219<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">45-2598330<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">7812 Palm Parkway<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Orlando,<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">FL<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">32836<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">407<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">206-6000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.01 Par Value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">VAC<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001524358<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
.report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

.report table.authRefData a {
	display: block;
	font-weight: bold;
}

.report table.authRefData p {
	margin-top: 0px;
}

.report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

.report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

.report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

.report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
.pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
.report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

.report hr {
	border: 1px solid #acf;
}

/* Top labels */
.report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

.report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

.report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

.report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

.report td.pl div.a {
	width: 200px;
}

.report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
.report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
.report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
.report .re, .report .reu {
	background-color: #def;
}

.report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
.report .ro, .report .rou {
	background-color: white;
}

.report .rou td {
	border-bottom: 1px solid black;
}

.report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
.report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
.report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

.report .nump {
	padding-left: 2em;
}

.report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
.report .text {
	text-align: left;
	white-space: normal;
}

.report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

.report .text .more {
	display: none;
}

.report .text .note {
	font-style: italic;
	font-weight: bold;
}

.report .text .small {
	width: 10em;
}

.report sup {
	font-style: italic;
}

.report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.25.3</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="vac-20251108.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0000001 - Document - Document and Entity Information Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation</Role>
      <ShortName>Document and Entity Information Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" isOnlyDei="true" original="vac-20251108.htm">vac-20251108.htm</File>
    <File>vac-20251108.xsd</File>
    <File>vac-20251108_lab.xml</File>
    <File>vac-20251108_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="22">http://xbrl.sec.gov/dei/2024</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>15
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "vac-20251108.htm": {
   "nsprefix": "vac",
   "nsuri": "http://www.marriottvacationclub.com/20251108",
   "dts": {
    "inline": {
     "local": [
      "vac-20251108.htm"
     ]
    },
    "schema": {
     "local": [
      "vac-20251108.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://xbrl.sec.gov/dei/2024/dei-2024.xsd"
     ]
    },
    "labelLink": {
     "local": [
      "vac-20251108_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "vac-20251108_pre.xml"
     ]
    }
   },
   "keyStandard": 22,
   "keyCustom": 0,
   "axisStandard": 0,
   "axisCustom": 0,
   "memberStandard": 0,
   "memberCustom": 0,
   "hidden": {
    "total": 2,
    "http://xbrl.sec.gov/dei/2024": 2
   },
   "contextCount": 1,
   "entityCount": 1,
   "segmentCount": 0,
   "elementCount": 23,
   "unitCount": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2024": 22
   },
   "report": {
    "R1": {
     "role": "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation",
     "longName": "0000001 - Document - Document and Entity Information Document and Entity Information",
     "shortName": "Document and Entity Information Document and Entity Information",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "vac-20251108.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "vac-20251108.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Amendment Flag",
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "CityAreaCode",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "City Area Code",
        "label": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cover [Abstract]",
        "label": "Cover [Abstract]",
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Period End Date",
        "label": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "DocumentType",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Type",
        "label": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, Address Line One",
        "label": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, City or Town",
        "label": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, Postal Zip Code",
        "label": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, State or Province",
        "label": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Central Index Key",
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Emerging Growth Company",
        "label": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity File Number",
        "label": "Entity File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Incorporation, State or Country Code",
        "label": "Entity Incorporation, State or Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Registrant Name",
        "label": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Tax Identification Number",
        "label": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Local Phone Number",
        "label": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "PreCommencementIssuerTenderOffer",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Pre-commencement Issuer Tender Offer",
        "label": "Pre-commencement Issuer Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r3"
     ]
    },
    "dei_PreCommencementTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "PreCommencementTenderOffer",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Pre-commencement Tender Offer",
        "label": "Pre-commencement Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r5"
     ]
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "Security12bTitle",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Title of 12(b) Security",
        "label": "Title of 12(b) Security",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Security Exchange Name",
        "label": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_SolicitingMaterial": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "SolicitingMaterial",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Soliciting Material",
        "label": "Soliciting Material",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r4"
     ]
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "TradingSymbol",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Trading Symbol",
        "label": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "dei_WrittenCommunications": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "WrittenCommunications",
     "presentation": [
      "http://www.marriottvacationclub.com/role/DocumentandEntityInformationDocumentandEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Written Communications",
        "label": "Written Communications",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act."
       }
      }
     },
     "auth_ref": [
      "r6"
     ]
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "425"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>16
<FILENAME>0001524358-25-000168-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001524358-25-000168-xbrl.zip
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M@[6Z-S^4M&J64EEEW,^X([!X0+YFO5:N'8DM]ACCHC5DAN"7DD1N7%>Q!56
M/V<$;%-;T 7<2"[RHF'!>Q(SQ"O>=O*"HT%.%TOI-M>6L-I=E6!CSG"5L92F
M2PM94<N:TN!!=:L*#4KO@*;/]?49DBXN>8J6$8MCJTFKN4IHT8?1 ,YCSHN$
M%.(5[<B!UEYY.R-A^+H]B888 VF\LW5+^!^IFK$>3-5,J/G6M,4)E[JCA6+N
M2*JRKG?,@U(-BYC2'^/.@V!)P5(SELD54-FU:,ML[X!" JL"!IAJZE)?(_B%
M\9C"DH#U*1@VC%N#@"=@S\U5W<B2T^ER]V"L@7)3V\+^6;=$4"C_L+"3Y:*Z
M@F'5S0IH#78IR$HN68?NNB_)+O"M3/'DH:(J*>OWHDFY+?<]Q246_U<9P?_-
MJPSY:BD58RY[F:,-?1/"-]IH5LA2/70;XT$A:Y+8]6? #&QQ/"+;!EUP--H]
MI(3U8^]0B[YG=IHY7<X\MW"?VL:</&6C?#U4G%%V(2(_K7>EX'_L08E-9603
M(J11?,)[$)Y)75T#3ZX?9\Y6MA5D<K3[]& %E3A>9EF)*S-U2<K ?@.?D2]$
M%&QERJI78Y*_"P.IA>4#7 J;U75+.>AP";U"0%;PO>Q;S!<<4& ;)6 ;?]OB
M;1?*'"7B@\[[,D. &7MR0.HY;$&,R["@?X<*"$&UPG]$)T9CKM&)">#$T26Z
MG*/WKU];^"A0*G*3/W$LT?T7AP?\S#/8LD*A4Z\S!OO64PHWG<&NV:^.0;?*
M$M1^B#.\Q%@WZ'6D -J+NN\EP3\Z.CPD:AD=/1_U7\?C>P&_7O"\:OAX-+)"
M"SX<X34\T8-],T_,RZ8D;7+MGI2IEO&+;N=C*+P&I7J&)@8HCPB*9P?]BC:8
M@4$E:/6;QD-BKW@]FV578I><:]0SZ>H34IQR_TF@TOVFQL#R+M#QB*A[[M>W
M4J$M5Y!E3E.U5\@V'Z?(W2R(*,RA$O\WV/<9*!>=W3J>3#!1 2-))PA?$([G
MA/U#YQI+I?$ACK:2I)V;05VHB6YX%7[1*H<MMM>A^=AD":P@Q;/IY6_10.DG
MGE=PA+)4+6UR^.OOH%[ 9HZ!^>"4$W$YLZ4WT8AJE<?L $;-LBU0'TQ(*P2!
M SL(C\$K\*:\Q$W[ZG+]7)?KP0-PN6ZB%7SY-6?96;6Y)L7>2D14DF"X$H_Q
M\BNJU!J'>"KR[(/N!+JF+0PH(@1LM*WH,)E/.7*0V-.R!$E2C$B'\Q!WM3/_
M%D])<["0X:F.05VHP!#A&T#N*\D<H.0J[P '/U'4NRJ+*PPF>@-XK/K?5BB
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M_ 7QFBW6I@X?@C:%S1/0 R(&S23ZS00:[TV7NNRH\<2424U9(AJVW1QYH?G
MD%TJFK6(WT,* B$B$6Y5F-1V)V@>'%AORDROJE%ITG8H-S1E1]=8QZ'?F-(%
MZ2 K4W;+M\7&.6W-3,1 T_Q)I+&SF4S4%[-?TU(*X\!>9S%<254L]V9(V&55
MRJ-K7FWW+*=6P<E96'4*'?17Y),3C]^GO>S1'?'G#^&(GSN3 ,NX3#$N.NX%
MC&Q"89KK#(;%]3L&K>R^>,#CB]UO$?"&CWBW)IG1(GQ>P:>B#^<0=)AHL#\:
MNEZZ!)-%43!+3,9H7=(KVH(:0_D:P?Z+Z&3WU>[Y;O3M-Z/#Y]]'H\/]9[O[
M^P,]'!P.F46"386N\D0U'=TB* GGLGW"^_7-4%3%8#6D>.X:# /LLH?%=)(O
M2)F,:V:'SOX=IRZ%%OF\!]H/IO3/W8O=$SNEP_W#P60X& T'KX:#;-AG:M^2
M8=JH#Y2T.,,( *4;1""OL<[0:&_[HQT:J]LP3,YD$,R^S0A;7=Z &:L)&("B
MP9AU2;$;"Q7+KM?'GV^S3:F0_J%%(B $R#XPTW7XCP[9#F.K>*H'S[OTS33#
MV54A,Q#';D;1<R\47@*)U!F!Y0=('QW(2X=WBH47E?MYUM:D#L' T.-!V0GF
M.T8&8/WI#9@Y2N?1Z6[TWV7Q 2-T;A3OLX3JA&L*:L,@GH)X.YEB'.T7JDL[
MUW795NC7,)TW^9J?\Q+=+>C5;XO,M."6:YCEF,',5"91_N='H_WH3.4S3(_^
M ,9TW%N</0;C#\%EBW1'J&9"_WS_!:CW784U2V5LZU>?[A\]/8S9?V0G\BFC
M?KKW;#39_ULH?XT6,\L^Z-T%[?NWWQP>?#^[ODEVDW*V;>N^&[V>2.Z%I7!*
M*<$EC_'T&'*:EW4#O/&#A*#D7"Z=&[8[[DD3"W@'H0)333KC(AM4JG'&D)4"
MDTRA:@:<I. 5/FX:#8ZP\6+ :YC)(#\QS"5V_M<5\27F>WU(6"'CRYI5+<"=
M!]23U%@UD!6/ST Y>@@&RG%Z36T2L)('F"]F,M-N'0L(U19$=;+:%)8H-]C$
M'RQ:[#+>?M<"!2*G)=67&=VJ/X2]MMK(T\+2$H5OUM=DV)3*F(+MI;,T52#D
M4T1IQS"SE\W7T$-E:BMO]PT#8 ND7[+J8$KN; K>&KWS\9VW%P_AO/TD_-KN
MPSVZ^@+UU/:%,!*%X,6Y9@_M.=O&A6M7)'M Y TE3]QHQ/XA.RZK#-K972#-
M+)I>/YK?:HK]&K+:,&3U_)&$K+:!W8SVMH+?C&Z1[]4X:^XY0<-+0E,>&FO0
M? %[95':4FGP)1WJOP-GM" ! E975A9V=#D^(8%N*1 S)5RNQ5?&>*E>K(PQ
MY7VU6KGEBZ2>BR_%+/KB"CWM<@5%W7)M?O>5\17*\*_'<# QP%'IJ089C2!2
MWNO.$1]&#.4SIS<+X_VU31$W,@]N,:A4_.E"@/0L%"2^T'H"'IWX'XT>PGD\
M"7/_MT"]]O(*NTE]/=U9) .>"U6"-N2%OBJ;3'PXN5:B1"P?3%L_P#DRI"10
MM'^@AOTQ\GI>M@A<7NDK[%B%^FT*IC!6"- A*Z@H17UD Z%DUY%)0_>- SI[
M-]-RYC>40[N TQ^-4<'U^_T]7D*W<T_,?I45G1$@6LV0QIQT3_.WS^B6A;BT
MAWCY)K--):ELZ&Z)J!R_YDV)0\AJQ_6PM!5G@$%"T\'(EG:8K0P[ES@FC7S/
M9(XB#<@&2L7$>&@V=F4=T5*N[@95(K>5--VIQ(#&\DGU55[;EF1HQB:53[[5
MI1#O85[J0G'LN*T:!O *\E>[AMHC9,?[#XT=^Y"%6\"7U]4.<'D+97JG[$X@
MBTF\.+TS NZ*KHD)99U2<&ZX5,Z^A H?^4#02RW8K'^"&-/*%V=8)4\)M\@2
MKE7>8HJ" :_/_FPQHH;N0!P5-^GM-!A9'MAN]+L/?K2259O^57X*F4OW),@6
M;F_5J<CS4SM3[GR:E%=%MCI[I9MYZ9)_0XFQ)H&MKV!2H'-#6O" >#\#2WN;
MPW];&K)W*41.#PJJ)D2B5]@BT#:JX$":#[?MNU&<)N0*5VQ.MBK6I__2W2M/
MG@$(Z\,H,=AW)M%9FOO8W(#U9]KZ(;$ +P/M#+.69$FLY)ZW<!J26U.8Z9O:
MI+3+3:#?8:?<@;<08XQ<JGK5 730&J'6,MPU8=%5LQ&;2%01"K^WC8&3\7LX
M@A*14F5LI1O1>A(X-"5VDLB!E9A>C(W*\MJ''*PM>H'(?<Y_QROD?GD<K@ /
MD=%&:,&PC09]L-69IC$>WY1Y&^-7TY ];9I?8&,$23(O;1<-?EZ8S8[7!+T^
MEE\28H^.6S"%D61F&L@->SW4"DU7R6O' /5583Y1+V14QD"5-\ PWBC*ZDH5
MV?^(KH;E8BW&J>H%J/U<0E:7D^:&077FQ%.IZIE3[!EJI0!]#M/J;08^\NXJ
MK07DR]OV=8NWO'"XF9BCR%U.EN" I+S-UM2EJB$5L#M;LUPQN1L*EHJIO@;A
M-V<I0+.H/FB>&ZZ;+0R&V<VIILX]E?:4%]<^,)BRP"BZER$ (C:@QK_=: AW
M,)D6A&F]:E76'N3=D%]\===^KKOVZ*&Y:[<&><.756FI:TD()OZ^*CX8("&#
MW*3&0LE4IZW15ET[=]MRJ0X!.K]F8OW=O:]7HJ7UX+F1F@*RNJ7BC9!]Q6([
MF=0&J<=CQI9=H2>X-K5523DG1CN)*>*:EDDK73]]/FM OFQ6^ ?8.0<V;"O*
M0,E#/W%5$JL%Q0G4"9(I)"S*BFHYJ*Y$R@1C<7+C#$B%F.C*R/?5YEZ?TO/&
M#-&X@8-FM-V5\_7<=/W;L.B^]T6AK\_3< >;JKC#0(WMJJVJA=\JT1AXX>UW
MN*22;Q9:NKN/L+O@%@&4/?GQS$LL'AUULG!'1T^? E>)^]S+8P01S8&_,G)R
MSEV*",\^9R"^7'L&O,'@H)-#)\33T"D!PME@!KF%->G@PK4(>K?UQ0MZZ*WL
M2E>Z%EWD,D$^9=".!L<(\V>=$ D;E1MY48F^29&34K'^YDYQM*K\S+K&B0?\
M- 3].M=PNUDWZ6[/_9<-RA ]VT);$4B;[:06>I-A"WQ0&S=GC(DY. BGIAK>
M*F7.!B>"M[S6I)K"G0A)U&;>?0Y)BY( O<3N#&T1=\>D#/H/=*U3_ME,=-V\
M?/K%K. P,N*3U^T+W_;=YNO@8ARS.]G--0[3@66NV)+7+*.($ ,A&KS +:IT
M\#:*TLJIV%"-7SG@^;C7@?X%=<K.VASKY@8="6&SS4T +<T/9/TM87.NO(M<
M#:XR#$\=W"^99*N8%7$A$M,>&BC2BH\(A2/P/021A8CR*N;1;R?0INAAJ;F%
MT2/4&],M$4BL-VX_7;)OT:!;L:('5CZ2IO!VPF2)F#&'W5!=R] 0&,X#, L%
M(%8-7RLII"Q(9&%%=!:J=%;1-:6'2B#^.\"&98!D&/H+0@<WE\QTLQ1+ UQ
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MG!V^#+K&J0F@,V-)0!QE.>7IT^5M88D<#5Q2HN5">J)<:Y[N7>YW$23'CIQ
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MZ2XI>T>S3P6MWF9Y_B *>L]-;N6[R:36]R?.7[,OBQ-E'?E)V4/=8S=4G3:
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MMD9MW^^=!\8 *G5LGK4%_YWD*A,?M++.<@J.%_[-:X'T^_M=6:_]UQ#@9X<
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M4&>.IH@)%>;JVCE*N_$IT^J32EOQH9LIDMM"L<<G)Z=GEW L41*07'BY<9K
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MBMKO6PN*M\/A_H]QF2[@/]-FEO_X_P%02P,$%     @ UD5J6_'5TKI[$0
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MPV_2/A2N&5,-YNCD&0^FH.I46@9?IK/[#AS)AN$S9$:",QX1PH( E _T Q
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MNHYM_V^)QNV_43$'>1A(Y)C^6T^R,A4";/' OPR[+E!02)@AX8- 9 ,&D03
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MUO:&:<MF<P-F'_J!UIZCZY$_\!/@?\71D\'3Q5OLT"YC_,.PW1+),SL;"W.
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M,FM,_X2=;TOM;M2[/MMF7#XI<_M]0=][8/1_!Y$WA?^-DG&P__]02P,$%
M  @ UD5J6QRG):1_ @  N@<  !    !V86,M,C R-3$Q,#@N>'-DS57);MLP
M$+W[*UB=2TNRK,0R8@=HT@ !W 5I@N964-+()B*1*DEY^?N2E A;6=PZI^I$
MSKSW9N%@='&YK4JT!B$I9S,O' 8> I;QG++ES'NXO\$3[W(^&%Q\P/CQT]T"
M7?.LJ8 I="6 *,C1AJH54BM /[EXHFN"OI=$%5Q4&,\M[8K7.T&7*X5&P2AV
M,.<5TRC)@ZB(,YSDYS$>)^$$)R1-\'D<%B2(XR 8QQ^7T_-)?!9&XQCG&H+'
M8Q+BY"R.<!*3=#))HB@)0BNZE5.9K: B2)?&Y'0K9]Y*J7KJ^YO-9KB)AEPL
M_5$0A/[CE\4/"_4Z;$G94P^]347I\)%OW"F1X.!KDO70%1&"<J6TG2C=T*QL
MTF'&*]]4'H;!Q$-$*4'31L&-;M$U%*0IU<QKV.^&E+2@D.O^EV ZW ,<N!41
M2U!?206R)AF<F,!\@)!I$:UJ+A1BK\KTJZ9,*L(R777;UP5OQ8]0S T['C8F
M'(YP% ZW,O?\=^2P[_QI.3C>Z3E8,0G9<,G7?@[4M'#\>GCY%MP<L#GT8Q+&
MN+)\8^EL=4U9P5N#-IG$IR[[.RC<,+^8T&Z>PR1)?.O5PVG)1&2"EW <[->"
MUR 4!7DXW59@):"8>7J4L)N>7[6 H4[$(5[H]U_ N'4 D'J:;;F+?3U.0NUJ
M+2'U,Y30=N@_+K\DZ:GE:PJ4)]9MB/?:CV@^\]S")2S_S!15NUMFMJOMYS&?
MAXS,P]WMORT(F^R[8[G\704Y%)11.^&!_4*$][^.@Z-60ZT<.M#[F__"?Q[E
M6?Q&0OZ-S>WY^0!VY YRA)B1,FO*TWG[M-ZD=4;WT-T:\/M[H+T?[ IK:!?0
M?/ '4$L#!!0    ( -9%:ENXQCJ]+PH  'U5   4    =F%C+3(P,C4Q,3 X
M7VQA8BYX;6S-G%UOVS@6AN_[*[C9FUU@6(M?$EE,,^AFVD6QF39H4\Q@%PN#
M(JE$&%L*9*5)_OU2LIU(L62+5*SN3:+8]'G/2_L1#TDS/_]ROUR [Z98I7GV
M]@2]#DZ R52NT^SJ[<FWRP^0G_QR^NK5SW^!\(]_?#D'O^;J=FFR$IP51I9&
M@[NTO ;EM0&_Y\6?Z7<)+A:R3/)B">%I_;*S_.:A2*^N2X #S+;-ML\6;XC0
M 4F8@D)'#%*!.!0R%C!B*)$!8T% V4]7;R+.0D0H@]HV@91*!$7("!1,QIP+
M0D2 ZJ"+-/OS3?4CEBL#K+UL5?_Y]N2Z+&_>S&9W=W>O[^-B\3HOKF8X",AL
MV_IDT_Q^I_T=J5LC(<2L?O:QZ2KM:FC#HMD?OYU_5==F*6&:K4J9J4I@E;Y9
MU0^>YTJ6=:\?S OTMJC^@MMFL'H((@P)>GV_TB>GKP!8=T>1+\P7DX#J][<O
M'WLEQ:QJ,<O,5?7>7I@BS?774A;EN8S-PF9?1RL?;LS;DU6ZO%F8[6/7A4FZ
MPRZ*HA6URE)46:*PRO*O?6*S$>F_4+[E;JXOD%QM]]-+Y;BO3S^]6+J7]@YA
MCI]P0V9TRNL/U/M,3_79?90:G?KQ,WZICT5>RL4$'XLGF4;*B^J!<WNUD:D"
M[;F9UCJ;6W<C57-?FDR;]=VR%1JD^NV)O9IKD\[?9V5:/GRT0V-QDQ?UC=O>
MJTISEM]F9?%PEFLS#T2HM"0"&HXII))'4!"D(3,X9"&/N1VUYN7C1WQN,OCM
MZS:;6M))[\3!=]G#;V%6^6VAUB.?S:$:]==IG:XS *T4?@)U$B OP"814&7R
M\^S)POAN7$S=.8O)^R57+;5%50KDQ7.WN7)U^T3:RMJMK:Z,>GV5?Y_92-8R
MIM4%K"YJP(;&G^V\K>^*K0=9J .]O&DQ4[FM@6Y*V.KPI,B77F;+W.L3L>YR
MF]*)?;NT*6S5VV&OXU-[9LO>0BX^VKO%_;_,PURR*!$2V8HT2#BDD>:0"QQ"
MK$.N61Q%6F@WW)\I3 /X1A34JL#*NM+\O%^&\CO"K1>QPXUZX-EC9@20SR-.
MC&"/H5WH^AKZ8O8A79A/M\O8%/,H3!@F7$ EN!U0$VXGB4R("C,=$9T(KI@;
M84_!IX&KT@-K05>L&OTPE"@_=UXP#3'F@=&N@Q$$-8)-#,^NC5UN.MKX(O-.
M:_N.K>H1[W-Q4>3?4YOH/$"&!)@$$,4T@53A&')M8AA& 8KM**4B(=SPZ1::
M!J6-=J/4VNJ[DM7374,I&]\)7L1Y^/< <+^Y$3#V!)X8S/WV=B$]T-X=V*]&
MW18V\/M[=6W?9/-)+LT\#C2.L D@K\I)2@FVXYS&, I1I#2E83P<U"Z!(P.Z
ME01;35")#J>RLT\.TSC6J1N%CB:=T-OGQ NYSH"3H;;/3A.QO>W<T;HH['1O
MN30VOVJ'XN-J=6N*RVIQI_B<)+:,$M(D1(D0<J8%I*$P%C@J(8X1X\:0*,9D
M*&:'Q(Z,G)6'JJ$/U@F =0:@3F$X@ =[[C",+]D?;F".Z@HG3(=Z]$+V8/#)
M\!UJLXGRX->,+'$WO\[3S*"YK6I-%%$&31 H2&-IZUM)) P12GC,['/)8)Y[
M528N;C<7H-(&GS/?VK;53XZ%K:_[<57M8./^16V7L?$5;2OJCREGNXSUUK*=
MC4=B>68O/Q>7^5TV#W6,#9,A%'%@[""K$!1)9* DAH9,"8FD\8+R26-B)"OA
M:KI527OBV.@?1QC]7(]#<9!A?PQW+8V'L!'SQR"X:ZH7P(ZF'O/(?)&JM$RS
MJ]_LU+1(Y6*NM" R)@8&A&%(@X!!J50(:22YY%J;4,2#9Y$[X8\]AWP4!%M%
MAPGD;F<,F#Z.LN@X>71PYS9S[#7A-V_<#3?=K+'72FO.V-]JY!AVD:]*N?AW
M>E-O0D<,$:X3#@V/;&UI)(92)ABB0"8)210)!?<:QEHR$X]D:VU@Q;VV[3L[
MRG$\\[8_;D@;ZMQ_5.LT-GY@:X?],6-;I[7>X:V[M3N<9_EW4[R+5V4A53F/
MC6""!AH:6FT%VBD>Y"BPPYQ"6M D,)KBH3RV(A\9P5H+_&>K]M_AS+7]'\;,
MVY4;68,-.:'4F;P7/>U(DP'3::#)2'<#=RQ^+]*R-%FUVG*;I>NO$*_FA :<
M"VQ@C(R% G$[ZR):P\@6A4PJ3AFB0_'H5#@R)AM-T!8=#DMWKQR&9K17-W@<
M;3HAM->*%TK=$2=#:J^A)EK[&[HC5GTS?W%QG6?;[U]H$1!),(4(TQA2+!GD
M@:)0LX@CS51B"!I*U_/@1P:KE@.UGO/W4';ZX3!/8]RYH>1@S FC/@=>!.T$
MFPR>/AM-;GK;^&]K(QQ?IN7"S%G"32*T@#B4 :2:$\@IBJ"2=EP*#:4L'ERO
M/0]^9&1J#9 G .&_Q7\'6W7W_>S'SABP&#'"HALWKNZ\-K*?VQBUB?T8;/(-
M[.<VNC:O=]IXS'2JR5-A9#V?YB))-(\)9)1+2'F,(4]86!V'DR'A22#Q\(E.
M(_"QYSGU=-MJ.:XLM+P/F.1X.G*<XPPSXS;#Z<C<;X+3##3=_*8C_=;TINMY
M=Q2VQTL?3U3]*DLSE]6IFLAP&&-&JK.?(138UE]28Q7PB%$T_'O G0I'AN/Q
MT.Q:%%A54,D.QZ2[7P[S,MJM&SC.1IT0VFO&BZ7NB)-!M==0DZ[]#=TQ>V>#
MZ2K@AX6\FE,D;8$6*ABJV-9J)I0PCK6!1H5AH%@<XB@<BE<K\I&Q>M0"E=AP
MF-KN#T/D[<D-GH%VG)#I3-T+E7:DR1#I--!$H[N![U[0I;S_J&VP--FL(VQF
MO@D))0JY@I&0B9W.Q!IRQ$/( D&QH%3A9/#>ZEZE:7:$K#AHJWL>4NGKK\-0
MO5@ON$'FW0$>.T,'S(W8'.J+//'^T &#NUM$AU[@CNUE(:O_5?+U81GGB[DM
M"K5!,H;*A-6N;8*@X"2"$2?"*)9() :/9*W(QUYR6&N!M=AP"-ON#T/G[<EQ
MC6&8'2>D.E/W0J@=:3)D.@TT$>ENX#N2?3%7:;79E)7U<8I(H4A@9*"4.((T
M9 ;&AC*()(EQ$*$P8(X#6%M@FG'K2=/QB$EGGPP=I/R=>HU-0TUZC$C=3D8,
M1,\"3CS^=-O9'79ZVHT^8M(\(J$39(<>0F"8!"&D<1! ^_($&A+:PI%HC/7@
MH:=?YLB8[9RE>)'S)*-.DOR8,R1'/SQRI&,C_P\'1MR.BKS,(9'M LFE?>F<
MB;A:T@BA(-A6@80C*(U!T 24H(2%5,6)ZW)A%7BJ5<)*RWUIL+8^?$70U9#G
M0N!>+UZK?\W$1RWZU8$F7^MKIM^UQ-=ZWK?X>[\TQ96M)?]9Y'?EM<7M1F8/
M\U!(Q@**8;6:#JFJ_F$-"K0M!"6G+!98(,<:L%-GFE)P*PW6VF C[EH2=O?4
MT,IPM'^O M'5ND>AN-?8B'JQ.^[$9>-><[O5X_[F?8@VWXUS>W7Z:OM(NOYO
MG:>O_@=02P,$%     @ UD5J6P@^_.W!!@  CC$  !0   !V86,M,C R-3$Q
M,#A?<')E+GAM;-6:VW+;.!*&[_T46NWMMH4C ;AB3WD]R99K/1-7XJF9VAL5
M#@V)-13I@NC3VR\H6YLH3C(L4[5F;G2@6FSTWQ^!1I-O?KI?59-;3.NRJ8^G
M])!,)UC[)I3UXGCZV]4[T-.?3@X.WOP-X(]_?KB8_-SXFQ76[>0LH6TQ3.[*
M=CEIESCYO4E_EK=V<EG9-C9I!7"R^=M9<_V0RL6RG3#"Y-9L^VLZXB80'J4'
M$Y0$8:@&8YT!)6FT1$I"A/S'XDAI65 N)(1L D)8"J:0'(RT3FO#N2%T<]*J
MK/\\ZEZ<7>,DAU>O-U^/I\NVO3Z:S>[N[@[O7:H.F[28,4+X;&L]?3*_?V9_
MQS?6U!@SV_SZ/]-U^37#?%HZ^^.7BX]^B2L+9;UN;>T[!^OR:+TY>-%XVVY4
M_\MQ3;YIT7V#K1ETAX RX/3P?AVF)P>3R:,<J:GP \9)]_[;A_,=ERN;4MFT
M[:U]'(^O;MRA;U:SSGBVS;>MP]NZ+=N'\[I+[L;R>[_E2#>>VX=K/)ZNR]5U
MA=MCRX3Q>)K]04<$I41WP_W[BUW-/@5ZG7#=F77'+_*!)X]=*/_WH/&^Q3K@
M8QZV ZP:OV-4=10T:?O/RCJL-D?G <OY69,OS5.W;I/U[5P12U"R )QK!J(0
M!)QE"A3A5%G#(C%T5^,NXG4.>0/-&OWAHKF=Y1-G>)CH/G09$!OUG[E[E/5E
MX]Z*=)5MY\3XB,)J8$QJ$+%P8)F,0$G!?>1$,A$'#?MS;[NC_AR'T^0G30J8
M\C2W=6>3?X;&[@7V9#&[MBF?"/RRK,+VWS$UJWWDJFWVH-QC6O)PIY,<=<24
M,%P\9N6;P6TB:_/DCQO+?63\$O-UE:^,\'->'>:&$8_&(@2->6YWJ$$'XD%;
MYH5B4NE"[B7U.VY[,<#&S\#+M7QE&!XGQ@^X*#LEZO97N\*Y9#06RGB0(E@0
M/'-L&76@44EDA0G:NT$L?,UK+Q3X>%$8K.0H2#C/%66Z;M)&^(]9?SQK;NHV
M/9PU >>%1$,+H8!;Y4%XG<-1:, :2Z5!3IBR>P#CNX/HQ8D8.R?[TWD4V+PK
M*_SU9N4PS0TQ2M 80+.\" J*#*S$ HJ\1= L!)JOA#TP\LEC+R#DV(%XH8*C
MR/Z5O3\/6:LREH\U^E,@3@L5G.40 \WK8*%I)I@7$$V,I/#$ADCV@,(WW/?B
MHA@[%_O0=A20G(:04[!^>LL[/J1S2A2E/+AN_'F>H]QE:5P!M."1\:A4$=D>
M /F*ZUYPJ+'#,533,8%QEC^^3U?-73WGUG'G+ 'M-8) FDMG)RWDHIH&P9Q#
MK_:'Q2?'O:#0/P@4+]1S3$ALZJ+WZ3(UMV7M<4Y5#,@Q@)<R9+2E!VNYAD(%
MALHH6\1B?UQ\X;T7'.8'@6.(LF,BY+)9M[;Z3WF]*9L%<3%/;P6X$'B.@M$L
M#<F?& _4:D6,W>-RLN.[7S.+_"!XO%S65X:CF_1.$]K-N*/BGBIG,\K=+BH6
M%(R2'(CS@@IA4/%A.Y'/O?4#8,3MS!=+]\HI[V[.5)?+IMYNGWA PJ/!/'FA
M!L&5 &T*#9)[%X53C'H^*.U?>NR7^A%W,0=)^,KI_SV5;8OU6;-:W=1/6Z3U
M7 I=&$X(V#QYY8FJ,*"I(\#1.Z^5HK[P@QCXJMM^((RXASE<S%>FX6-3E;YL
MRWKQ2RYP4FFKN444'H,%2D(N?JF28(178)7S7EH9B0R#4'CNLQ\'(^Y1#I3Q
ME2&X3-@1C+FPW=R?ZV[MIO<Q=A,;\P4AC(#)>^*N'Q_ %B8 =9HC,F1:XB 8
MONV['Q0C[E/N2=9QP7&^7M]@VHE%$PRF("")R*6/SE6/0TF H6/6.RH)#KMU
M_U<CZ ?*B!N7>Y7XM1<4]#=Y47R@S%V5;87S(E?%* 4';FD>.Z/=LJ@%%%S1
M*+U53.IAR\D7'OOA,.)6Y2 )7SG]5\EVS]=]?%BYIII'Y@73P@)3L@"!>89S
M>>T#9X@2TA!M4 S*_8Z[?HD?<3ORY>*-Y*)_>^^7ME[@YE8^]YS1+$->XT@
M8;D$I_/X+=41?2B*_+Z7"_]SK_T8&''7<;"4H^@VOEUA6F24_Y6:NW:9%[=K
M6S_,M2"$.$6Z)[TD"$]-AIE1D%$(HRW-F^=AQ>1WG/=[<&KT_<;APHZ"C[,L
M6;+5>2YQ[O^-#W/K*"M\+H51R)@+')$#4-&!"MR:6%!KV3YN?'_AMA\3(VY!
M#A?SE6DXS?5NZ&K>=Y5=S*,R2@61=\N.L*[.,6#0:4!>H%+>.T.'-2)WW/7+
M_HB[D"\7;V]9?S-[)MY%/G!R\/1#]](]OG]R\%]02P$"% ,4    " #616I;
M _5T\SQ$  !@B $ '@              @ $     97@Q,#$M<V5P87)A=&EO
M;F%G<F5E;65N=&$N:'1M4$L! A0#%     @ UD5J6_'5TKI[$0  -D   !X
M             ( !>$0  '!R97-S<F5L96%S92UA;FYO=6YC96UE;G1N+FAT
M;5!+ 0(4 Q0    ( -9%:EN ^M_<\A8  &21   0              "  2]6
M  !V86,M,C R-3$Q,#@N:'1M4$L! A0#%     @ UD5J6QRG):1_ @  N@<
M !               ( !3VT  '9A8RTR,#(U,3$P."YX<V102P$"% ,4
M" #616I;N,8ZO2\*  !]50  %               @ '\;P  =F%C+3(P,C4Q
M,3 X7VQA8BYX;6Q02P$"% ,4    " #616I;"#[\[<$&  ".,0  %
M        @ %=>@  =F%C+3(P,C4Q,3 X7W!R92YX;6Q02P4&      8 !@"8
) 0  4($

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>17
<FILENAME>vac-20251108_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2024"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="vac-20251108.xsd" xlink:type="simple"/>
    <context id="c-1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001524358</identifier>
        </entity>
        <period>
            <startDate>2025-11-08</startDate>
            <endDate>2025-11-08</endDate>
        </period>
    </context>
    <dei:EntityCentralIndexKey contextRef="c-1" id="f-21">0001524358</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="c-1" id="f-22">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="c-1" id="f-1">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="c-1" id="f-2">2025-11-08</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="c-1" id="f-3">Marriott Vacations Worldwide Corp</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="c-1" id="f-4">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="c-1" id="f-5">001-35219</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="c-1" id="f-6">45-2598330</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="c-1" id="f-7">7812 Palm Parkway</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="c-1" id="f-8">Orlando,</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="c-1" id="f-9">FL</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="c-1" id="f-10">32836</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="c-1" id="f-11">407</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="c-1" id="f-12">206-6000</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="c-1" id="f-13">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="c-1" id="f-14">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="c-1" id="f-15">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="c-1" id="f-16">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="c-1" id="f-17">Common Stock, $0.01 Par Value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="c-1" id="f-18">VAC</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="c-1" id="f-19">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="c-1" id="f-20">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
