  ince
many bank executives are skeptical about being able to
achieve real earnings improvement from a consulting firm's
profit enhancement program, we have made our Program risk
free to your bank. Our guarantee has four parts: |
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The
annual increase in earnings (before tax) resulting
from the Program must be at least 2 times the consulting
fee paid to SVEJDA for the first $20,000 of annual benefit,
and at least 3 times for the annual benefit in
excess of $20,000. The fee to SVEJDA is computed on only
one-year of annual benefit to your bank; the profit enhancement
continues indefinitely.
Only
readily measurable, real increases in income or cost
reductions are counted. (This part of the guarantee
excludes vendor contract cost reductions negotiated
by SVEJDA, which are priced separately based on actual
results over the term of the contract).
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Only
recommendations approved by your bank are counted
toward the guarantee. Your bank's management is the sole
judge of what is approved.
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Ideas
already planned for implementation by your bank
but not yet implemented, are not counted as Program results.
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As
further assurance that the program is risk free to your
bank, no fee is due SVEJDA
until after recommendations are presented and your management
team feels comfortable that the annual benefit from approved
recommendations will satisfy this guarantee. |
