No. Apparently you don\'t understand how /timer works.

/timer[N/name] [-ceomhipr] [time]
Activates the specified timer to perform the specified command at a specified interval, and optionally at a specified time.

Your script will still work, the timers are not hurting anything, but you are setting timers for no reason. You don\'t have a command you\'re activating with the timers. They\'re just running with no purpose. I think what you meant to do was something like this:
/timer1 1 5 exit
/timer2 0 60 RWRP