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Sample Partnership Agreement 3
SAMPLE
LOMAS Administrative Form
Form No.09689, page 8 of 16
ARTICLE XIII
Vacations, Etc.
A. The parties agree that notwithstanding the terms of Paragraph A of Article VIII
hereof relating to the partners' provision of qualified attorneys, the partners shall not be required
to provide such employees to perform legal services for up to the following weeks in each year
during the term of this agreement whether on account of vacation, travel or sick leave or
otherwise:
days each year
days each year
Unless otherwise agreed, there shall be no carryover of unused periods during any such year and
that the scheduling of such periods shall be subject to the agreement of the partners.
B. The partners agree to cause their attorney employees to comply with all continuing
education requirements as may from time to time be promulgated by The Florida Bar.
ARTICLE XIV
Disability, Death, Retirement, Withdrawal or Termination
A. Disability for Less than Twelve (12) Months. In the event an individual partner or
attorney designated to provide services to the partnership by a corporate partner becomes totally
disabled for a period of twelve (12) months or less (hereinafter "disabled partner"), providing the
disabled partner is not in default hereunder, the partnership agreed to pay to the disabled partner,
his personal representative, guardian or family, the following amounts as compensation for
services rendered to the partnership prior to the date of commencement of such disability:
1. A continuation of payment of the disabled partner's base draw at the
greater of (a) the rate in effect on the date of commencement of disability then current, or (b) the
amount of partnership disability income coverage, if any, then in effect for that partner. Such shall
be payable until such disability ceases or until the expiration of six (6) months, whichever shall
first occur; and
2. If disability continues for more than six (6) months, a continuation of
payment of the disabled partner's base draw at one-half (1/2) the rate in effect on the date of
commencement of disability until such disability ceases or until the expiration of six (6) additional
months, whichever shall first occur.
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