Yes you have misunderstood
The multi charger charges each battery in turn to 100% and then switches off when all the batteries are at 100%. Then after one week, it supposedly switches itself back on and then checks the batteries (for their inherent nominal voltage drop), and then tops them up.
In the meantime, the batteries are presumably used to varying degrees before putting back on charge for the process to begin again.
Memory effect would only occur in specific circumstances with repetitive slight discharges to similar levels - which would be very hard to achieve in normal use of these tools
The multi charger charges each battery in turn to 100% and then switches off when all the batteries are at 100%. Then after one week, it supposedly switches itself back on and then checks the batteries (for their inherent nominal voltage drop), and then tops them up.
In the meantime, the batteries are presumably used to varying degrees before putting back on charge for the process to begin again.
Memory effect would only occur in specific circumstances with repetitive slight discharges to similar levels - which would be very hard to achieve in normal use of these tools