Pricing Structure. The Fees for Search Services shall be 25% of the first year’s Remuneration for JOB TITLE. Fees are payable in the following stages: Search Fee The Company shall receive one third (33.33%) of the total fee based on the total Assumed Remuneration for the Search Service mandate, which shall be payable on acceptance of the Services Contract; Shortlist Fee The Company shall receive one third (33.33%) of the total fee based on the total Assumed Remuneration for the Search Service mandate, which shall be payable on presentation of a shortlist. Completion Fee The remaining balance owing to the Company based on actual Remuneration offered to the Candidate, which shall be payable by the Client once written acceptance is received from the Candidate. 5.2.1 For any subsequent Placements resulting from the Search Service mandate, the Company shall become entitled to a lump sum fee equivalent to 20% of the first year’s Remuneration package (“Lump Sum Fee”). The Company shall be entitled to invoice for the Lump Sum Fee on written acceptance of the Candidate.
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Sources: Services Contract, Services Contract