New Lifetime Membership structure

I just want to make sure I understand one aspect of the new points system to receive a Lifetime Membership.

As I read it, I'm understanding it to say that if at any time I use 1,000 points (400 of which must be gifted from at least 10 members) to receive a free year of service, then I can never be granted lifetime membership status, even if at a later time I accumulate the 5,000 points, at 400 a year given by 10 different members each year.

Is this a correct interpretation of the new rules?