7.1 Executive Search Assignments

Should the executive search not be completed due to circumstances beyond the control of Woodburn Mann (where the client alters their mind about the specification, suddenly finds a suitable candidate, decides not to continue with the search, etc) the full professional retainer fee will still be payable.

However, a reduction will be considered if Woodburn Mann is notified in writing of the cancellation. This reduction would be proportionate to the extent to which the executive search remains uncompleted. In addition, Woodburn Mann would charge the client for the time and resources required to close the executive search.

Where the client decides after the initial briefing not to formalise the executive search assignment, the client would be billed solely for the costs incurred in preparing the specifications plus any travel expenses.

7.2 Non-Executive Chairperson Search Assignments

Should the executive search for a Non-Executive Chairperson not be completed due to circumstances beyond the control of Woodburn Mann (where the client alters their mind about the specification, suddenly finds a suitable candidate, decides not to continue with the search, etc) the full professional retainer fee will still be payable.

However, a reduction will be considered if Woodburn Mann is notified in writing of the cancellation. This reduction would be proportionate to the extent to which the executive search for a Non-Executive Chairperson remains uncompleted. In addition, Woodburn Mann would charge the client for the time and resources required to close the executive search.

Where the client decides after the initial briefing not to formalise the executive search assignment, the client would be billed solely for the costs incurred in preparing the specifications plus any travel expenses.

7.3 Non-Executive Director Search Assignments

Should the executive search for a Non-Executive Director not be completed due to circumstances beyond the control of Woodburn Mann (where the client alters their mind about the specification, suddenly finds a suitable candidate, decides not to continue with the search, etc) the full professional retainer fee will still be payable.

However, a reduction will be considered if Woodburn Mann is notified in writing of the cancellation. This reduction would be proportionate to the extent to which the executive search for a Non-Executive Director remains uncompleted. In addition, Woodburn Mann would charge the client for the time and resources required to close the executive search.

Where the client decides after the initial briefing not to formalise the executive search assignment, the client would be billed solely for the costs incurred in preparing the specifications plus any travel expenses.

7.4 Executive Selection Assignments

In the event that a client cancels or materially alters the agreed terms of reference in an executive selection assignment, Woodburn Mann will charge the client a cancellation fee of six percent of the initially agreed estimate of first year's guaranteed compensation package in addition to any professional retainer fees already billed.

Should a client cancel an advertisement that has been booked by Woodburn Mann at the request of a client, any costs, which cannot be recouped from the media organisation, will be charged to the client.

7.5 Interim Search and Selection Assignments

Should the search for an Interim Executive not be completed due to circumstances beyond the control of Woodburn Mann (where the client alters their mind about the specification, suddenly finds a suitable candidate, decides not to continue with the search, etc) the full initial retainer fee will still be payable.

However, a reduction will be considered if Woodburn Mann is notified in writing of the cancellation. This reduction would be proportionate to the extent to which the search for an Interim Executive remains uncompleted. In addition, Woodburn Mann would charge the client for the time and resources required to close the executive search.

Where the client decides after the initial briefing not to proceed with the assignment, the client would be billed solely for the costs incurred in preparing the specifications plus any travel expenses.

As a fixed time period has been agreed for an interim executive assignment, termination shall occur at the end of such time period or as is provided in the finally agreed contract for the Interim Executive assignment.