Board Resolution Approving the Retirement of Employee

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Board Resolution Approving the Retirement of Employee

Board Resolution Approving the Retirement of Employee

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION APPROVING THE RETIREMENT OF {{employee_name}}

PASSED on this {{day}} day of {{month}}, {{year}}

At a duly convened meeting of the Board of Directors of {{company_name}}, held at {{meeting_location}}.

WHEREAS

{{company_name}} (hereinafter referred to as “the Company”) employed {{employee_name}}, holding National ID/Passport number {{employee_id_number}}, as a {{employee_position}} since {{employment_start_date}}.

{{employee_name}} has reached the official retirement age of {{retirement_age}} years as stipulated in the Company's Human Resources Policy and/or the relevant labour laws of the Republic of {{country}}.

RESOLUTION

IT IS HEREBY RESOLVED, as a special resolution, that the Board of Directors of {{company_name}} formally approves the retirement of {{employee_name}} from their position as {{employee_position}}, effective {{retirement_effective_date}}.

The Board acknowledges and appreciates the valuable contributions made by {{employee_name}} during their tenure with the Company.

RETIREMENT BENEFITS AND ENTITLEMENTS

BE IT FURTHER RESOLVED that all retirement benefits, gratuities, pension payouts, and any other entitlements due to {{employee_name}} as per their employment contract, the Company’s Human Resources Policy, and the prevailing labour laws of the Republic of {{country}}, shall be calculated and processed for payment.

The Human Resources Department, in conjunction with the Finance Department, is hereby authorised to ensure the accurate and timely disbursement of all such benefits.

TRANSITION PLAN

BE IT FURTHER RESOLVED that a comprehensive transition plan shall be implemented to ensure a smooth handover of {{employee_name}}'s responsibilities to {{successor_employee_name}} (or “an appointed successor”).

The Head of Department, {{department_head_name}}, is tasked with overseeing this transition, ensuring continuity of operations and knowledge transfer.

BOARD APPROVAL

This resolution is duly approved and adopted by the Board of Directors on the date first above written.

CERTIFICATION

I, the undersigned, Company Secretary of {{company_name}}, do hereby certify that the above is a true and correct copy of a resolution duly passed by the Board of Directors of the Company at a meeting lawfully convened and held on the date mentioned above, and that such resolution is in full force and effect.

SIGNATURES

___________________________

{{board_chairperson_name}}

Board Chairperson

Date: {{signature_date}}

___________________________

{{company_secretary_name}}

Company Secretary

Date: {{signature_date}}