The following Service Terms apply to Customer to the extent the specific Service is included in the applicable ordering document. SpringPath may update these Service Terms from time to time. SpringPath reserves the right to upgrade, update or discontinue any aspect or feature of a Service in whole or in part; provided, however, that if SpringPath discontinues a Service in whole during the term of an ordering document, then SpringPath will provide Customer with an alternative or replacement service.
1. TALENT SERVICES
Customer will use the Recruiter Service (and related services) and information about Members only to recruit individuals to become students, employees and consultants of Customer or its Affiliates, or, if Customer is acting as Advertising Agency, only to recruit individuals to become employees and consultants of its clients. “Advertising Agency” means a Customer that uses the Services to recruit on behalf of a third-party client using Customer’s own name and/or logo, including without limitation, advertising agencies, executive search firms, and direct hire firms. Customer will inform SpringPath of its Advertising Agency classification with a client before purchasing the Recruiter Service, and Agency will promptly inform SpringPath of any change in classification. Advertising Agency purchases of Recruiter seats are governed by the master subscription agreement between SpringPath and Advertising Agency. Customer’s breach of this Section will be deemed a material breach of the Agreement.
2 TALENT MEDIA SERVICES
5.2. Recruitment Ads, Sponsored Jobs and Sponsored Updates
Recruitment Ads, Sponsored Jobs and Sponsored Updates are Talent Media sold under an auction model. The auction is a generalized second price auction and Customer only has to pay just enough to beat the second highest bidder. For example, if the winning advertiser has a bid of ten ($10) dollars cost-per-click, but the next highest bid is seven ($7) dollars, the winning advertiser only pays $7.01. The second price method allows each advertiser to bid the absolute maximum they are willing to pay for the Talent Media. SpringPath will charge enough to enable the highest price to be paid to win the auction.