e-Rewards®
Feb 25, 2003 | 4:00 am
#1
Original Poster
Original Member
Join Date: May 1998
Location: Munich, Germany
Posts: 414
e-Rewards®
What does (e) mean? If I do not spend all the e-rewards earned in 2002 till 03/2003, all e-rewards earned in 2002 will expire, or only 75 %?
Thanks
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e-Rewards® Member Agreement
"8) Expiration of e-Rewards Currency
(a) All e-Rewards Currency earned from Member’s enrollment date until December 31, 2001, must be redeemed by March 31, 2002.
(b) Beginning January 1, 2002, Member will earn e-Rewards Currency on an annual basis corresponding to the calendar year.
(c) All e-Rewards Currency earned in a calendar year must be redeemed March 31 of the following calendar year. (Example: e-Rewards Currency earned on November 15, 2002, must be redeemed by March 31, 2003.)
(d) Subject to subsection (e) below, after March 31 of a given year, any e-Rewards Currency in a Member’s account earned in the prior calendar year will expire, and will be removed from the Member’s account. (Example: e-Rewards Currency earned on July 24, 2003, will expire on March 31, 2004.)
(e) Notwithstanding the foregoing, the e-Rewards Service will automatically roll over 25% of Member’s e-Rewards Currency account balance from a prior calendar year (as it stands immediately prior to midnight of March 31) into Member’s e-Rewards Currency account balance for the current calendar year. (Example: At midnight of March 31, 2002, Member has $100 of unredeemed e-Rewards Currency earned in calendar year 2001, and $25 of unredeemed e-Rewards Currency earned in calendar year 2002, for a total account balance of $125 in e-Rewards Currency. On the morning of April 1, 2002, Member will have a total account balance of $50 in e-Rewards Currency: $25 from calendar year 2002, and $25 (25% of $100) rolled over from calendar year 2001.)"
Thanks
________________
e-Rewards® Member Agreement
"8) Expiration of e-Rewards Currency
(a) All e-Rewards Currency earned from Member’s enrollment date until December 31, 2001, must be redeemed by March 31, 2002.
(b) Beginning January 1, 2002, Member will earn e-Rewards Currency on an annual basis corresponding to the calendar year.
(c) All e-Rewards Currency earned in a calendar year must be redeemed March 31 of the following calendar year. (Example: e-Rewards Currency earned on November 15, 2002, must be redeemed by March 31, 2003.)
(d) Subject to subsection (e) below, after March 31 of a given year, any e-Rewards Currency in a Member’s account earned in the prior calendar year will expire, and will be removed from the Member’s account. (Example: e-Rewards Currency earned on July 24, 2003, will expire on March 31, 2004.)
(e) Notwithstanding the foregoing, the e-Rewards Service will automatically roll over 25% of Member’s e-Rewards Currency account balance from a prior calendar year (as it stands immediately prior to midnight of March 31) into Member’s e-Rewards Currency account balance for the current calendar year. (Example: At midnight of March 31, 2002, Member has $100 of unredeemed e-Rewards Currency earned in calendar year 2001, and $25 of unredeemed e-Rewards Currency earned in calendar year 2002, for a total account balance of $125 in e-Rewards Currency. On the morning of April 1, 2002, Member will have a total account balance of $50 in e-Rewards Currency: $25 from calendar year 2002, and $25 (25% of $100) rolled over from calendar year 2001.)"
Feb 25, 2003 | 6:43 am
#2
Join Date: Jun 2002
Location: Cleveland, OH USA
Posts: 453
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by michilo:
(e) Notwithstanding the foregoing, the e-Rewards Service will automatically roll over 25% of Member’s e-Rewards Currency account balance from a prior calendar year (as it stands immediately prior to midnight of March 31) into Member’s e-Rewards Currency account balance for the current calendar year. (Example: At midnight of March 31, 2002, Member has $100 of unredeemed e-Rewards Currency earned in calendar year 2001, and $25 of unredeemed e-Rewards Currency earned in calendar year 2002, for a total account balance of $125 in e-Rewards Currency. On the morning of April 1, 2002, Member will have a total account balance of $50 in e-Rewards Currency: $25 from calendar year 2002, and $25 (25% of $100) rolled over from calendar year 2001.)"
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(e) Notwithstanding the foregoing, the e-Rewards Service will automatically roll over 25% of Member’s e-Rewards Currency account balance from a prior calendar year (as it stands immediately prior to midnight of March 31) into Member’s e-Rewards Currency account balance for the current calendar year. (Example: At midnight of March 31, 2002, Member has $100 of unredeemed e-Rewards Currency earned in calendar year 2001, and $25 of unredeemed e-Rewards Currency earned in calendar year 2002, for a total account balance of $125 in e-Rewards Currency. On the morning of April 1, 2002, Member will have a total account balance of $50 in e-Rewards Currency: $25 from calendar year 2002, and $25 (25% of $100) rolled over from calendar year 2001.)"
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The way it reads is that you will LOSE 75% of the balance if it is not used.
If you have $100 and do not use it you will only have $25 after 3/31.