Common use of Placement Fees Clause in Contracts

Placement Fees. i. Subject to section 6 below, Agency shall be entitled to a placement fee for a candidate introduced by Agency in accordance with the terms and conditions of this Agreement who (A) receives a written offer of employment from CU during the Representation Period; (B) accepts such offer of employment; and (C) actually commences employment with CU. ii. The placement fee shall be equal to thirty percent (30%) of the candidate’s annualized starting base salary (excluding signing and other bonuses, incentive and commission payments, guaranteed bonuses, benefits, allowances for per diem, relocation costs, temporary housing costs, and other similar allowances); provided, that such placement fee shall be reduced by the aggregate amount of retainer fees previously paid by CU but not yet applied to a placement fee payment (the "Unapplied Retainer"). To the extent that a placement fee exceeds the Unapplied Retainer, CU shall pay such excess amount in accordance with the terms hereof, and such amount shall be applied to CU's future retainer payments. iii. Agency shall submit placement fee invoices after the successful candidate begins employment.

Placement Fees. i. Subject to section 6 below, Agency shall be entitled to a placement fee for a candidate introduced by Agency in accordance with the terms and conditions of this Agreement who (A) receives a written offer of employment from CU during the Representation Period; (B) accepts such offer of employment; and (C) actually commences employment with CU. ii. The placement fee shall be equal to thirty percent (30( %) of the candidate’s annualized starting base salary (excluding signing and other bonuses, incentive and commission payments, guaranteed bonuses, benefits, allowances for per diem, relocation costs, temporary housing costs, and other similar allowances); provided, that such placement fee shall be reduced by the aggregate amount of retainer fees previously paid by CU but not yet applied to a placement fee payment (the "Unapplied Retainer"). To the extent that a placement fee exceeds the Unapplied Retainer, CU shall pay such excess amount in accordance with the terms hereof, and such amount shall be applied to CU's future retainer payments. iii. Agency shall submit placement fee invoices after the successful candidate begins employment.