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OPTION TO RETIRE EXPELLED PARTNER

 

If any partner is to be expelled from the partnership and that partner holds at least _____ percent of the interest in the partnership, said partner has the right to retire from the partnership as stipulated in Section ________ of the Partnership Agreement, providing that partner also meets the age and service requirements in that section. In addition, this partner must not have been expelled because of any dishonest actions on his part.

 

_________________________ _________________

Partner Signature Date

_________________________ _________________

Partner Signature Date

 

 

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