Common use of Term Conversion Clause in Contracts

Term Conversion. 1. If at any time the Client converts the Candidate from a Part-time Placement Candidate to a Long-term Full-time Placement Candidate, the Client will pay to the Agency the difference between the rate for Long-term Full-time Placement and the rate for Long-term Part-time Placement as provided in provision 1(A) hereof. 2. If the Client continues to employ a Short-term Candidate beyond the 12-week (short-term) period, the Client will pay to the Agency the rate as provided in provision 1(A) hereof to be determined by the status of the Candidate as either a Long-term Full-time Candidate or a Long-term Part-time Candidate. 3. The conversion, as referred to in this provision (C)(1) and (C)(2) shall be considered complete at any time a placed Candidate works in excess of 30 hours in any week (C)(1) or beyond the 12-week period (C)(2). 4. All fees for term conversion are due within 10 days of the date of conversion of the term. Any fees outstanding after 10 days will be subject to a late charge of $10.00 per day retroactive back to the date when the fees first came due.