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➢ Payment Terms of finai amount owed: Net 15 days upon accepted offer <br /> ➢ Guarantee as stated below when final fee is paid within 15 days of offer <br /> acceptance <br /> ➢ Hager Executive Search is reimbursed for o�t-of-pocket expenses and <br /> disbursements s�ch as candidate travel, interview travel, etc. Any <br /> expenditure, if needed, must be discussed with and agreed to in advance by <br /> the client prior to its occurrence. Consultant will submit monthly invoices for <br /> itemized expenses if expenses incurred. <br /> Additional Terms: <br /> Search Guarantee: <br /> ➢ If the successful placement leaves or is terminated for cause within the first <br /> ninety (90) days, Hager Executive Search will provide a one-time suitable <br /> replacement to the City of Redwood City at no additional cost; <br /> ➢ Hager Executive Search wilt not be liable for any replacement or <br /> reimbursement of fees in the event that the City ot Redwood City has a layoff, <br /> elimination of the position or any reorganization that negatively affects the <br /> successful placement's earning potential <br /> Successful Placement Ownershia: <br /> ➢ A successful placement is deemed 'referred' only if Redwood City reviews a <br /> resume/candidate profile of a successful placement submitted by Hager <br /> Executive Search, in accordance with Redwood City requirements and such <br /> successful placement was not previously known to Redwood City. <br /> ➢ Should a successful placement,within one year after the date of last contact <br /> with Redwood City, accept employment of any type (i.e. consulting, <br /> independent contract, part-time employment, etc.) with Redwood City, <br /> Hager Executive Search will be due 18%of the base salary paid during the first <br /> year of employment. <br /> ATTY/AGR/2014.180/HAGER EXECUTIVE SEARCH <br /> REV:09-30-14 MLG <br /> Page 6 of 6 <br />