Re: Placement Agency Agreement

From
Steve Koyanagi <skoyanagi@thekey.com>
To
Will Reid <wreid@thekey.com>
CC
Timothy Thomas <tt@thekey.com>, Steve Sudberry <ssudberry@thekey.com>
Date
Wed, 26 Feb 2025 11:54:33 -0800
Folder
INBOX
📎 TheKey Placement Agent Agreement - Limited Ohio Agreement February 2025.docx
--000000000000de5b42062f10f16f Content-Type: multipart/alternative; boundary="000000000000de5b40062f10f16d" --000000000000de5b40062f10f16d Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Here you go; note it looks like you were using a slightly older template so I updated your language into our new template. (No business terms are changed in the new template fyi so it is substantively the same.) Let me know if there are any questions. Thanks. On Wed, Feb 26, 2025 at 11:29=E2=80=AFAM Will Reid wrote= : > Steve, > I need to have the following change made to our Placement Agency > Agreement. I discussed this with Tim and explained that this would be a > limited-use agreement in a couple of accounts that do not have an HCL > involved. FYI, we do all of the tracking and management at the local leve= l. > Let me know if you can help with this. > > I'd like to remove the following from the attached Placement Agency > Agreement. > > *2. Referral Fee. *TheKey shall pay Agent a placement fee for services > rendered for each individual who (a) was introduced to TheKey by Agent, > and (b) entered into a client consent agreement with TheKey. The Referral > Fee shall be 10% of total revenue generated by the client to TheKey, not > to exceed $2,500 in total payment to Agent. TheKey shall provide a copies > of client invoices to Agent until the $2,500 threshold has been reached. > The Referral Fee will be paid within fifteen (15) days after receipt of > the final invoice from Agent. > > I'd like to replace the above with the following: > * 2. Referral Fee.*TheKey shall pay Agent a placement fee for services > rendered for each individual who (a) was introduced to TheKey by Agent, a= nd > (b) entered into a client consent agreement with TheKey. The Referral Fe= e > shall be $500 for a Bronze Key Client, who is a client that reaches $5,00= 0 > in collected net revenue $750 for a Silver Key Client, who is a client th= at > reaches $25,000 in collected net revenue $1500 for a Gold Key Client, who > is a client that reaches $50,000 in collected net revenue $3000 for a > Platinum Key Client, who is a client that reaches $100,000 in collected n= et > revenue The maximum total award for a client is $5,750. The Referral Fee > will be paid within fifteen (15) days after receipt of the final invoice > from Agent. > > Thank you, > > > *Will Reid* > > Partner | TheKey > > Mobile: 513.707.2304 > > > > --000000000000de5b40062f10f16d Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Here you go; note it looks like you were using a slightly = older template=C2=A0so I updated your language into our new template. (No b= usiness terms are changed in the new template fyi so it is substantively=C2= =A0the same.) Let me know if there are any questions. Th= anks. On Wed, Feb 26, 2025 at 11:29=E2=80=AFAM W= ill Reid < wreid@thekey.com > w= rote: Steve, I need to have the following change mad= e to our Placement=C2=A0Agency Agreement. I discussed this with Tim and exp= lained that this would be a limited-use agreement in a couple of accounts t= hat do not have an HCL involved. FYI, we do all of the tracking and managem= ent at the local level. Let me know if you can help with this. I 'd like t= o remove the following from the attached Placement=C2=A0Agency Agreement. 2. Referral Fee. TheKey shall pay Agent a placement fee for services rendered for each individual w= ho (a) was=C2=A0 introduced to TheKey by Ag= ent, and (b) entered into a client consent agreement with TheKey . The Referral Fee=C2=A0 shal= l be 10% of total revenue generated by the client to TheKey , not to exceed $2,5= 00 in total payment to Agent. TheKey shall pro= vide a copies of client invoices to Agent until the $2,500 threshold has been reached.=C2=A0 The Referral Fee will be = paid within fifteen (15) days after receipt of the final invoice from Agent.=C2=A0=C2=A0 = I'd like to replace the above with the following: =C2= =A0 2. Referral Fee. TheKey shall pay Agen= t a placement fee for services rendered for each individual who (a) was int= roduced to TheKey by Agent, and (b) entered into a client consent agreement= with TheKey.=C2=A0 The Referral Fee shall be $500 for a Bronze Key Client,= who is a client that reaches $5,000 in collected net revenue $750 for a Silver Key Client, who is a client that reaches $25,000 in coll= ected net revenue $1500 for a Gold Key Client, who is a client that reaches $50,000 in colle= cted net revenue $3000 for a Platinum Key Client, who is a client that reaches $100,000 in collected net revenue The maximum total award for a client is $5,750. The Referral Fee will be pa= id within fifteen (15) days after receipt of the final invoice from Agent. Thank you, Will Reid Partner | TheKey Mobile: 513.707.23= 04 </spa

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