Fees: Greenwood/Asher & Associates, Inc. is a retained executive search firm, which means we are dedicated to you as a client, to the success of your search, and to closure. Our commitment is to stay with you until you have selected a candidate of choice. We bill all fees over the first three months of the contract period. Our service is based on one-third of the total first year’s estimated cash compensation for the individual employed with a minimum fee of $60,000, whichever is higher. Our fees are competitively based and industry standard. However, negotiable fee adjustments may occur as a result of further discussion. Reflecting a strong interest in becoming your search partner, we offer options for your consideration. • Fixed fees/flat fee • Maximum amount or not to exceed overall amount • Negotiated fees Should other placements result from our search(es), a fee of 25% of the first year’s compensation will be assessed based on those hired position(s). Billing: We will bill the professional fees over the first three months of service. Expenses are billed as incurred. Invoices are due and payable upon presentation and will be presented monthly. The first third of the fee will be due upon signing the contract. We offer an “electronic payment” option in lieu of paper checks if this meets the needs of the client. Indirect Expenses: We charge 12% of the fee for indirect expenses on the search for engagement and administrative assistance. These are difficult to track expenses such as research and internal administration, initial background checks, fax, postage, and photocopying for which there are no receipts.