Recruiting Fee Agreement Example Three

COMPANY NAME


Fee Agreement


We offer our executive search services under the following conditions. Our fees are paid on a contingency basis solely by the employer when a person is hired or retained, including consulting, through our referral. Fees are calculated as 25% of the applicant's first year guaranteed earnings. Our charges are due on the starting date of the applicant. If the fee is paid in full within ten working days of the applicant's starting date, we will discount the fee by 1.5% of the total amount due

We guarantee all placements unconditionally for 100 calendar days from the first day of employment of the applicant

If the applicant terminates or is terminated for just cause, excluding lay-off due to merger or lack of work, we will replace the applicant with proper adjustments made to the above fee schedule for the replacement applicant's compensation. executive search-staffing firm will have exclusive rights to the replacement search for a period of 60 calendar days from the date of termination. If after this 60-day period we have not identified a replacement applicant, we will refund the fee prorated over the guarantee period. This guarantee is valid only if notification of termination is received within five working days of the applicant's termination.

In the event that your company or affiliate company hires a applicant referred by executive search-staffing firm within 6 months of our referral of said applicant, your company must assume responsibility for the resulting fee under the terms of this agreement..

All proprietary information received from your company will be held in strict confidence and used solely for the purpose of selecting qualified applicants. Information about applicants referred by executive search-staffing firm is solely for your use and benefit and must not be divulged to anyone outside of your company.


The undersigned agrees to the terms and conditions contained in this agreement.

 
Client Company Name Date
Authorized Signature Title

 

 

 

Executive search-staffing firm address