Watermark’s ERIP — Terms and Conditions

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 are valid for 6 months from the date of submittal.

II. Individuals Eligible for an External Referral Payment

You must be an individual person (i.e., not a business entity) and a legal resident of the U.S. who is at least 18 years of age to participate in the Program.

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 12 months.
• A current applicant to Watermark (if they have applied to Watermark within the last 90 days).
• A recent or current contractor, temporary worker, or consultant in the last 12 months.
• A former Watermark employee.
• A family member of a current Watermark employee.
• An employee of a company with which Watermark has active contracts, thereby preventing the poaching of teammate staff.

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:

• Applied via the referral link generated and sent in by you.
• Completes 90 business days of continuous, active employment with Watermark upon initial start.
• Was hired against an external referral program-eligible position.

If the referee is successfully hired by Watermark, you must complete and return to Watermark and 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

Referral information will be submitted to recruiting@wrmi-llc.com and will include a name, resume and contact information for the candidate as well as the name, email and contact information for the referrer. Referrals submitted any other way, that do not include all the required information will NOT be eligible for this program.

To be eligible for an external referral bonus, you must provide the following at the time of your initial submission:

• Your name and contact information (phone number and email address).
• To be eligible for an external referral bonus, the referee MUST apply to a qualified and eligible position.  *Unless other specified, all open positions at Watermark will be eligible for the ERIP.

Note: One candidate per submittal. If the referred candidate appears to be a match, we 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

Positions qualified for the Watermark external referral bonus program are listed on the external referral program page.

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

Watermark is an equal opportunity and affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, or veteran status, and consistent with applicable federal and state laws.

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