Common use of Placement Services Clause in Contracts

Placement Services. In the event that ▇▇▇▇▇▇▇▇ refers a potential employee to the Company and that individual is hired, ▇▇▇▇▇▇▇▇ shall receive a fee equal to fifteen percent (15%) of the employee’s starting annual base salary and target annual bonus. This fee is due and owing whether an individual is hired, directly or indirectly on a permanent basis or on a contract or consulting basis by the Company, as a result of ▇▇▇▇▇▇▇▇’▇ efforts within one (1) year of the date applicant(s) are submitted to the Company. Such payment is due within ninety (90) days of the employee’s start date; provided that hired individual is currently employed at the end of said ninety (90) day period.

Placement Services. In the event that ▇D▇▇▇▇▇▇▇ refers a potential employee to the Company and that individual is hired, ▇D▇▇▇▇▇▇▇ shall receive a fee equal to fifteen percent (15%) of the employee’s starting annual base salary and target annual bonustargeted bonus for a full year of employment. This fee is due and owing whether an individual is hired, directly or indirectly indirectly, on a permanent basis or on a contract or consulting basis by the Company, as a result of ▇D▇▇▇▇▇▇▇’▇ efforts within one (1) year of the date applicant(s) are submitted to the Company. Such payment is due within ninety (90) days of the employee’s start date; provided that date so long as the hired individual is currently employed at the end of said ninety (90) day period.