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at top right for the notification module, there is no logout button. this is by design.
but the logout button exist at jomsocial toolbar.
because you are using JA social template. that template having this CSS:
/templates/ja_social_ii/local/css/themes/violet/extras/com_community.css line 15
html .joms-js--logout {
display: none;
}
that CSS made logout button become invisible. not sure why they did this.