placement fee and guarantee agreement
The following recruiting services fee shall be charged for each candidate hired by the Automotive Group represented by the appropriate signatory below. (Herein referred to as "Customer") through the services of LeeCherie and Associates (DBA Element Partners) (Herein referred to as “Recruiter”)
Placement Fee is 18% of the annualized compensation.
The Recruiter provided service is to identify, qualify and present individuals in consideration for immediate hire within your organization. We will participate actively in the interview process until completion.
Should it be determined that LeeCherie is the procuring cause of hire, fee shall be owed and payable to LeeCherie unless Customer informs LeeCherie of prior relationship or engagement within 24 hours of initial presentation. Our fee is earned when a candidate we refer to the Customer accepts its offer to provide services either as an employee or in any other capacity.
LeeCherie will apply that amount toward refilling the position should candidate’s employment be terminated with Customer within the first 180 days of employment.
The guarantee is valid only if the placement fee is paid in full within fourteen (14) days of the candidate’s start date. If a hired candidate’s employment is terminated within one hundred eighty (180) days due to performance issues, misconduct, or voluntary resignation, Element Partners will not refund any portion of the fee but will apply a credit to the Client’s account to be used toward refilling the same position.
This guarantee shall not apply to terminations or separations resulting from circumstances outside the candidate’s control, including but not limited to layoffs, position eliminations, restructuring, downsizing, or changes in company strategy.
LeeCherie shall own the submitted candidate for a period of one year from the date of submission. If the employer hires our candidate for any job within that time period, the customer owes a fee.
Guarantee is not valid if the candidate is terminated due to reasons outside of their professional or personal control i.e.: position elimination, consolidations, downsizing, reorganizations, etc.