DIY Legal Forms

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Salary Of Senior Partner

At the point when the net profits for the fiscal year have been determined, each partner shall receive (--%) of the total sum after partnership overhead is accounted. However, in exchange for their experience and long standing effort for the company, [Name] a senior partner shall receive a salary of $------ which shall not be subtracted from their share of the profits at the end of the fiscal year.

Dated:

____________________________

Signature and Title

____________________________

Signature and Title

____________________________

Signature and Title

*** If Required By State Law ***

This Section for Notary:

Acknowledgment

State of _________

County of ________ [County]

On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)