Pact, Inc. (GymPact) owns and operates the websites http://gym-pact.com and http://gympact.com (collectively, the Site). The Site, together with any software applications (including mobile applications) that are made available by GymPact (Apps), and together with all content, forums, information sharing functions (including the ability to post User-generated content, User Content), tools, transactions and other services available at the Site, are collectively referred to as the Service.
The following Rewards Policy explains the terms and conditions pursuant to which Clients may receive certain rewards from GymPact (as described herein, Rewards), in connection with their activities and commitments that are specified in separate contracts with GymPact (Pacts). Capitalized terms used herein without definition will have the same meanings as defined in the Terms of Service applicable to the Site, Apps and Service, which are available at http://gympact.com/legal/tos.
Promptly after the end of each week, GymPact charges the credit cards on file of all Clients who did not comply with all of the commitments established in their Pact that week. The amount charged equals the amount of the service fee agreed by the Client in his or her Pact. The total amount successfully charged and actually received by GymPact from all such Clients constitutes the Gross Fee for that week.
GymPact retains 30% of the Gross Fee (which is applied, approximately, 8% for credit card processing and Paypal fees, 7% for Client refunds and disputed charges, and 15% for GymPact's transaction fee).
The remainder (70%) of the Gross Fee (the Net Fee) is used to provide other Clients their respective Rewards in respect of the applicable week. The Net Fee is divided by the total number of committed days that week for all Clients who satisfied their Pact commitments (the Daily Fee). Each Client who successfully met their Pact for that week will receive an account credit equal to the Daily Fee multiplied by the number of days committed to in his or her Pact.
At any time when a Client’s account balance is $10.00 or more, Client may redeem the amount of his or her account balance via PayPal, but only if Client is still registered with the Service.
GymPact reserves the right to recover from any User the amount of any rewards credited or paid to such User where GymPact has reason to believe such rewards accrued in connection with certain violations of the Terms of Service, as further described therein (including without limitation, by deducting the amount of such rewards from User’s account balance, by charging the amount of such rewards to User’s credit card or by initiating legal action against User).