PROFESSIONAL FEES

Our fees for conducting a search are normally charged on the basis of one-third (33 1/3%) of the first year's total cash compensation including bonuses, plus expenses. In order to account for our time we typically invoice our retainer fee in progress installments over a three month period.

However, when we are retained to perform a search engagement containing four or more positions, we reduce our standard professional fees for that engagement from 33 1/3% to 25%. The positions need not be related, but in order to qualify for the fee reduction the searches must be started within an agreed upon time frame.

Expenses are invoiced monthly. Indirect expenses include expenses for research, research materials, telephone, online services, messenger courier, etc., and are 10% of the retainer fee. Direct expenses include consultant and candidate travel,video conferences, etc. and are billed separately. Payment of our fees and expenses is not contingent upon the hiring of one of our candidates.

Payment of our professional fees and expenses is not contingent upon the hiring of one of our candidates.

GUARANTEES

When you authorize us to begin a search assignment we make certain significant assurances. Given our experience, knowledge, and success in executive recruiting, we pledge to present candidates who meet the agreed upon qualifications. We also pledge to continue the search upon the terms we have outlined until a successful conclusion is achieved. In addition, we agree to replace a candidate who might voluntarily resign during the first 18 months of his or her employment. This same assurance also applies if you find it necessary to request the resignation of a candidate during the first 18 months for reasons which, had they been known to you initially, would have precluded their employment. In either case, we will only bill you for expenses in seeking a replacement and will not charge an additional professional fee.