External Referral Incentive Program

EXTERNAL REFERRAL INCENTIVE PROGRAM (ERIP)

Watermark Risk Management International, LLC 

Please read carefully. By submitting a candidate for referral, you are agreeing to the following terms and conditions.

 

I. Objective

Watermark’s External Referral Incentive Program (the “Program”) offers a one-time referral payment to persons unaffiliated with Watermark to help Watermark and its subsidiaries attract, hire, and retain the very best talent in the U.S. Referrals remain valid for six (6) months from the date of submission.

 

II. Individuals Eligible for an External Referral Payment

To participate in the Program, you must:

  • Be an individual (not a business entity)

  • Be a legal U.S. resident and at least 18 years of age; and

  • Have a valid social security number

 

III. Individuals Not Eligible for an External Referral Payment

The following people and/or entities are not eligible to participate in the Program:

  • Current Watermark employees and their family members.

  • Staffing/recruiting agencies or consultants, or any employee or consultant of a third-party to whom Watermark is contractually obligated to pay a fee for the hiring of an individual referred by, or working for, such third party.

  • Current employees of the following federal agencies are not eligible for an External Referral Payment: DHS CWMD, USAF Life Cycle Management Support Center, USAF Global Strike, USAF Research Laboratory, DTRA Nuclear Enterprise, DTRA Research & Development, USAF Security Forces, SAF Nuclear Weapons Center, and DTRA Cooperative Threat Reduction.

 

IV. Non-Eligible Candidates

You are not eligible for an external referral payment if the candidate you refer is:

  • A self-referral.

  • A candidate who has already been referred in the last 6 months.

  • A current applicant to Watermark (if they have applied to Watermark within the last 90 days).

  • A current or former contractor, temporary worker, or consultant of Watermark.

  • A current or former Watermark employee.

  • A family member of a current Watermark employee.

  • An employee of a company with which Watermark shares active contracts, thereby preventing the solicitation of teammate staff.

To be eligible for an external referral bonus, the referred candidate MUST be hired to a qualified and eligible position. Unless otherwise specified, all open positions at Watermark will be eligible for the External Referral Incentive Program.

 

V. Payment Terms

If you are eligible to participate in the Program, Watermark shall pay you a one-time payment in the amount of up to $1,500 (gross) for an external referral, if the referral results in a successful, regular full-time hire, and such referred employee:

  • Acknowledges he or she was referred by the referrer

  • Completes 90 days of continuous, active employment with Watermark and is actively employed by Watermark at the time the external referral bonus is to be paid.

  • Was hired against an External Referral Incentive Program eligible position.

If the candidate is successfully hired by Watermark, you must complete and return to Watermark an IRS Form W-9 (and any other documentation Watermark may require) to receive the referral bonus. Watermark will supply the form to the referrer once the referred candidate has started employment with Watermark.

 

Watermark will process the external referral bonus within 30 days after the referred employee completes the 90 days of employment mentioned above, and the required paperwork has been submitted. Payments will be made on a 1099 basis, and Watermark will pay by Direct Deposit or a company check.

 

VI. Process to Refer Candidates

Submit referrals via email to recruiting@wrmi-llc.com and include:

  • Candidate’s name, resume, and contact information.

  • Your name, phone number, and email address.

 

Referrals missing the required information or submitted by other means will not be eligible.

If the candidate referred to be a match, Watermark will contact him or her.

 

VII. Tax Liability

External referral bonuses are paid pre-tax from Watermark. You are solely responsible for paying appropriate state and federal taxes on any payment received. Watermark will report referral payments to the appropriate tax authorities.

 

VIII. Additional information, Rules, & Guidelines

  • Non-eligible positions will be denoted with the following statement in each job posting: “Not eligible for External Referral Incentive Program”

  • If more than one external person refers the same candidate and such candidate is hired by Watermark, the external referral bonus will be awarded to the first referrer based on the timestamp of the submission.

  • The terms and conditions of this External Referral Incentive Program are subject to change or terminate at Watermark’s sole discretion at any time.

  • Referrals made from government email addresses will not be accepted.

  • This agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia without regard to the principles of conflicts of law. Any legal action brought in connection with this agreement must be instituted in the courts within the Commonwealth of Virginia, whether state or federal.

  • You agree that Watermark’s total liability under this agreement for any cause of action relating to the subject matter of this agreement (regardless of the nature of such claim) is the lesser of your actual, direct damages or $1,500.

  • Please email recruiting@wrmi-llc.com with any questions.

  • If the referral is part of a previous teaming agreement or has other hiring processes associated with them, those teaming agreements take precedent over the external referral process.

  • The referral of a potential hire does not equal endorsement of that person, that is, by sharing the name of the person and their contact info, the referring person is not serving as a “reference” for the person.

  • Individuals sending a referral should certify they have permission from the referred person to submit their name and contact information to Watermark.

 

By submitting a referral, you agree to the terms and conditions outlined by this program.

Watermark is an equal opportunity employer.  All terms and conditions of employment are established without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, veteran status, or any other protected category under applicable federal, state, and local laws.

 

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