Fee Agreement

Updated: 9/13/2023

Cherrypicker’s Terms of Use are hereby incorporated into and made a part of the Hiring Marketplace Placement Fee Agreement.

Placement Fee Percentage

The Client (defined as the company seeking to hire a Candidate(s) through Cherrypicker’s Hiring Marketplace service) agrees to pay Cherrypicker a placement fee of 15% of the Candidate’s starting guaranteed compensation if the Candidate is hired within twelve (12) months from the date the Candidate profile was unlocked on the Cherrypicker Hiring Marketplace.

Cherrypicker’s Candidate Ownership Period

When a Candidate profile is unlocked on the Cherrypicker Hiring Marketplace, the Cherrypicker Candidate Ownership Period begins on the date the profile is unlocked. Cherrypicker is entitled to a placement if the Candidate is hired within twelve (12) months from the date the Candidate profile was unlocked on the Cherrypicker Hiring Marketplace.

Responsibilities of Both Parties

It is the responsibility of the Client to initiate the hiring process with an unlocked candidate on the Cherrypicker Hiring Marketplace Service by clicking “Mark as Hired” for the respective candidate under the Unlocked Candidates tab.

To confirm the initiation of the hiring process, the Client must immediately upload an official offer letter, and enter the terms of employment including but not limited to:

• Candidate Start Date

• Base Salary Hired

• Job Title

Failure to do so within 30 days of the Candidate’s start date will result in a 25% placement fee of the Candidate’s starting guaranteed compensation instead of the original 15% placement fee.

An invoice will be generated through our third-party payment processor (Stripe) and sent to the email address associated with the Client’s Cherrypicker Hiring Marketplace Account.

Payment Terms

The placement fee is due and payable to Cherrypicker within thirty (30) days of the Candidate’s start date and will be held in escrow until the Candidate reaches the 90-day guarantee period (defined below).

Terms and Conditions

As to any successful Candidate introduction facilitated by Cherrypicker’s Hiring Marketplace and hired within one (1) year of the successful introduction, it is conclusively presumed that the hire would not have occurred but for the introduction by Cherrypicker.

In the event that a Candidate attempts to initiate a hiring process with the Client outside of the Cherrypicker Service after receiving an introduction request, the Client will be responsible for paying the placement fee if the Candidate is successfully hired within twelve (12) months of the introduction request. All Candidates are required to indicate if they have applied to the Client within the last six months when receiving a job match or introduction request from a Client to ensure the Candidate is new to the Client’s hiring process and has not been previously discovered outside of Cherrypicker’s Services.

Refund Policy & Guarantee Period

Cherrypicker stands by the quality of the Candidates it represents and guarantees a 90-day placement guarantee period starting from the Candidate’s start date.

Provided full payment is received within thirty (30) days of the Candidate’s start date, Cherrypicker will guarantee a full refund under the following circumstances:

1. The Candidate voluntarily leaves the Client without fault of the Client within ninety (90) calendar days of the start date.

2. The Client for the fault of the Candidate terminates the Candidate within ninety (90) calendar days of the start date.

The Refund Guarantee does not apply in cases of layoffs, reduction in forces, and downsizing.

All overdue invoices will be subject to a 5% service charge per month until paid.