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Form 3-2: Letter of Resignation Confirming Agreement Terminating Employment and Settling Developer and Employee-Partner’s Accrued Project/Partnership Rights 

(Letter from Local Partner to Multi-State Developer—for use with Form 3-1)

(7 pages)


Letter available as editable Word document addressing the following major topics:

  • Termination notice.

  • Calculation of Accrued Partner Loan and potential Net Overhead Charge.

  • Vested rights regarding Pending Projects, Funded Projects, Unfunded Projects, Fee Projects and Abandoned Projects.

  • Potential consulting assignment to be rendered to employing developer.

  • Resolution of health/life insurance, 401(k)Plan.

  • Specific agreements regarding certain partnerships and tax treatment.

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