If you hit 40 nights (or 70 nights) in mid October – December 2022 can you select the annual lounge access milestone benefit on January 1, 2023 (<90 days later) and be eligible for lounge access for the full 2023 and 2024 calendar years?
From the new terms:
"Once Annual Lounge Membership is chosen it will be valid to the end of the year plus an additional 12 months (E.g., Annual Lounge Membership Milestone choice selected June 2022 will be valid until December 31, 2023)"