Originally Posted by nexusCFX

This is correct. Otherwise you could extend points infinitely by booking and immediately cancelling an award. While it does read somewhat vague, I don't think there's really as much ambiguity as some may try to argue. The paragraph is stating quite clearly that points that are not used to fulfill an existing award reservation are forfeited as of 24 months of inactivity. The scenario is presented only as example and so it is not limited to that scenario, and there is no way to argue any distinction between points forfeited in the example which are forfeited upon being disassociated from an existing booking, and points never associated to any existing booking at all.