Direct Placement Fee Clause Samples
A Direct Placement Fee clause defines the fee that a client must pay to a staffing or recruiting agency when the agency successfully places a candidate directly with the client. This fee is typically calculated as a percentage of the candidate’s first-year salary or as a fixed amount, and it becomes due when the candidate accepts an offer of employment. The core function of this clause is to ensure the agency is compensated for its recruitment services, providing clarity on payment terms and helping to prevent disputes over fees.
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Direct Placement Fee. In consideration of MOESC’s efforts to locate and assign aides under this agreement, the Board agrees not to employ any aides placed by MOESC for a period of one year from the referral or last day of employment at Board through MOESC without first paying MOESC a direct placement fee of $5,000.00
Direct Placement Fee. If CLIENT hires any EMPLOYEE who has been introduced, interviewed, or provided resumes for by MAXIM, CLIENT agrees to pay MAXIM a direct placement fee, as specified on Attachment A. CLIENT agrees not to refer any EMPLOYEE who has been introduced to CLIENT by MAXIM, to another party, including but not limited to, any affiliate, department or division of CLIENT. Should CLIENT refer EMPLOYEE to another party, and the party enters into a service relationship with the EMPLOYEE, both CLIENT and party will be responsible for payment of the placement fee.
Direct Placement Fee. If CLIENT hires any EMPLOYEE who has been introduced, interviewed, or provided resumes for by MAXIM, CLIENT agrees to pay MAXIM a direct placement fee equal to fifteen point seven zero (15.70%) of the EMPLOYEE’s annualized first year compensation, as specified on Attachment A. CLIENT agrees not to refer any EMPLOYEE who has been introduced to CLIENT by MAXIM, to another party, including but not limited to, any affiliate, department or division of CLIENT. Should CLIENT refer EMPLOYEE to another party, and the party enters into a service relationship with the EMPLOYEE, both CLIENT and party will be responsible for payment of the placement fee.
Direct Placement Fee. Client will pay Company a Direct Placement Fee (as set forth on the Work Order) for each Direct Placement, which Direct Placement Fee will be included on a subsequent Invoice. For purposes of the Agreement, a “Direct Placement” occurs whenever Client hires, contracts with, engages or otherwise receives the services of a person, directly or indirectly, who has been introduced to, recommended to or interviewed by Client through the services of Company within one (1) year after the last introduction, recommendation, or interview.