Last Updated: 14 July 2014
Pact, Inc. (Pact) owns and operates the website http://www.pactapp.com (the Site). Pact also develops, operates and distributes certain software applications (Apps), which include hosted applications and applications for mobile devices. The Site and the Apps, 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 or by using the Apps, 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 Pact (as described herein, Rewards), in connection with their activities and commitments that are specified in separate contracts with Pact, including GymPacts, Veggie Pacts and Food Log Pacts (collectively, Pacts). Capitalized terms used herein without definition will have the same meanings as defined in the Terms of Service applicable to the Site, Apps, Pacts and Service, which are available at http://www.pactapp.com/legal/tos.
Promptly after the end of each week (which runs from Monday – Sunday), Pact charges the Authorized Payment Method for all Clients who did not comply with all of the commitments established in their applicable Pact that week. The amount charged equals the amount of the service fee agreed by the Client in his or her corresponding Pact. The total amount successfully charged and actually received by Pact from all such Clients constitutes the Gross Fee for that week.
Pact 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 Pact'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 to which he or she committed in his or her applicable Pact.
For clarity, the service fees are charged, the Gross Fees and Net Fees are calculated, and the Daily Fees are credited separately for each type of Pact. In other words, for example, only Clients who committed to a GymPact during the applicable week could possibly be obligated to pay a GymPact service fee, or be eligible to receive a credit (based on the Daily Fee for GymPacts), that week.
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 the applicable Authorized Reward Method, but only if Client is still registered with the Service.
For clarity, each Client’s account balance reflects their combined Rewards, which have been credited pursuant to all of his or her Pacts and not previously redeemed.
Pact reserves the right to recover from any User the amount of any Rewards credited or paid to such User where Pact 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 Authorized Payment Method or by initiating legal action against User).