Board Resolution for Employment Agreements
Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]
This resolution is adopted by the Board of Directors of [YOUR COMPANY NAME] on June 15, 2050, to formalize the approval and execution of an employment agreement. This resolution ensures compliance with the company’s corporate governance policies and outlines the key terms and authorization for the employment contract.
I. Purpose of the Resolution
The purpose of this resolution is to approve the employment agreement for John Doe as the Chief Technology Officer (CTO) of [YOUR COMPANY NAME] and to authorize the necessary steps to finalize and execute the agreement in accordance with the company’s policies.
II. Approval of Employment Terms
The Board hereby approves the terms and conditions outlined in the employment agreement, including:
Position: Chief Technology Officer
Start Date: July 1, 2050
Annual Salary: $250,000
Benefits: Stock options, health insurance, and performance bonuses.
III. Authorization to Execute Agreement
The Board authorizes Jane Smith, Chief Executive Officer, to sign the employment agreement with John Doe on behalf of the company. This authorization ensures compliance with company policy and applicable laws.
IV. Ratification of Key Employment Conditions
The following key employment conditions have been reviewed and unanimously approved by the Board:
Condition | Details |
|---|
Employment Type | Full-Time Permanent |
Stock Option Allocation | 5,000 Shares |
Bonus Eligibility | Performance-Based Annual Bonus |
Contract Termination Terms | 60-Day Notice Required |
V. Compliance with Governance Policies
The Board confirms that the approval process complies with the company’s corporate governance framework, as stated in [YOUR COMPANY BYLAWS], Section 4.2. All directors have participated in the review and decision-making process.
VI. Record-Keeping and Filing
The corporate secretary is instructed to file a copy of this resolution in the official records of [YOUR COMPANY NAME]. A signed copy of the employment agreement and this resolution shall be retained for audit and compliance purposes.
VII. Effective Date of Resolution
This resolution shall take effect immediately upon its adoption on June 15, 2050. Any actions taken prior to this resolution that align with its intent are hereby ratified and confirmed.
This resolution reflects the unanimous agreement of the Board and shall be binding upon its adoption.
Signed:
[YOUR NAME]
Board Secretary
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