Reeve and Associates

 

The terms for engagement ("Agreement") are entered between the purchasing company ("Client") and Reeve & Associates LLC ("R&A") and individually a "Party" and collectively known as the "Parties." The Client has requested R&A to provide candidates or potential employees for the Client.

R&A Activities. During the term of this Agreement, R&A will:

Client Activities. This Client shall respond within two business days to any candidate forwarded by R&A. The Client can also schedule, interview and hire any candidate directly for the engaged position.

Budget Recruiting Service.

Payment. The Client shall pay R&A a "Monthly Payment Fee" for each month of service used. This is a month-to-month contract for positions paying up to $150K in salary. All searches above $150K in salary require a minimum two-month fee. The Client must notify R&A five (5) business days in writing before the end of the month if they would like to terminate the contract for the upcoming month. If R&A is not notified R&A, will automatically bill the Client for the following month and continue to work.

Monthly Payment Fee. The monthly amount in dollars paid to R&A per the checked Monthly Payment Fee box on the corresponding signed Payment Authorization Form.

Flat Fee Recruiting Service.

Payment Fee. The Client shall pay R&A a fee of $7,500 for two months of recruiting services.

15K Contingency Search Service.

Payment Fee. Upon hiring any candidate presented by R&A, the Client shall pay R&A a fee of $15,000. If the Client hires any candidate introduced by R&A within 12 months, a $15,000 fee is due regardless for which position they were hired.

25% Contingency Search Service.

Payment Fee. Upon hiring any candidate presented by R&A, the Client shall pay R&A a fee equivalent to 25% of the candidate's first year base salary. If the Client hires any candidate introduced by R&A within 12 months, a 25% fee is due regardless for which position they were hired.

Miscellaneous. Either party may terminate this agreement upon written notice, but termination does not impact Client's obligation to pay the Fee for any candidate introduced by R&A prior to receipt of such notice. R&A is entitled to collect all costs of collection, including attorney's fees. This Agreement has been fully negotiated by both parties. Modifications of this agreement must be in writing signed by both Parties. If any provision is determined to be unenforceable, it shall be deemed to be replaced by a provision that as nearly as is possible expresses the intentions of the parties as expressed in this Agreement but is enforceable. This Agreement forms the entire understanding between the Parties. It supersedes all prior agreements and understandings. All notices will be sent to the address listed below or such other address subsequently designated by the Party. This Agreement is governed by Texas law. The exclusive venue for any dispute between the Parties will be in Travis County, Texas and if within the jurisdiction limits of the court will be filed in the County Courts at Law in Travis County, Texas.