Weight Loss Agreement 1-14-08

Weight Loss Agreement
1. There will be an initial weighing before Friday of this week. On the chosen day, Brian Toomey will be subjected to 3 weigh ins, to be separated by a minimum of 1 hour. These weigh ins are to be supervised and verified by either Jesse Poulin and Colin Walsh on a tared scale agreed upon by Jesse Poulin and Colin Walsh. After the 6th weigh in, the 6 weights will be averaged and this weight will be referred to as X.
2. There will be a final weighing in May of 2008 on the same CALENDAR date of the initial weighing in (1) above. During the final weighing, Brian Toomey will be subjected to 3 weigh ins, to be separated by a minimum of 1 hour. These weigh-ins are to be supervised and verified by either Jesse Poulin and Colin Walsh on an identical tared scale to the one chosen for the initial weighing. The 3 weights will be averaged and this resultant weight will be referred to as Y.
3. The compensation, in US dollars, to each party at the end of the agreement will correspond with the following formulas:
*Jesse: (Y-X+(X-200)/2)*100
*Colin: (Y-X+(X-200/2))*100
*Brian: (X-Y-(X-200)/2)*100*2
*All credits resulting for Jesse and Colin will be paid by Brian Toomey, debits paid to.
4. Longevity and Payment/Collection: Since the purpose of this bet is to encourage a fundamental change in diet and lifestyle and thus increase the lifespan of our friend, and not encourage haphazard or dangerous crash dieting practices, the following payment schedules apply:
Payment: 1/8th of Brian's reward will be paid out on the 15th of every month from May 2008 through Jan 2009 inclusive. This payment will follow a successful weigh-in where measured weight <= Y. If on any date after date (2) above Brian's weight is measured to be > Y, no further payments will be made and this agreement is thus terminated.
Collection: Any debit Brian incurs must be paid immediately, and in full, by noon one day after date (2) above following which, this agreement is complete.