Board Resolution Fixing the President's Salary

Company Letterhead

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

BOARD RESOLUTION FIXING THE PRESIDENT'S SALARY

Date: {{date}}

RESOLVED:

WHEREAS, the Board of Directors of {{company_name}} (the “Company”) deems it necessary and appropriate to fix the compensation of the President of the Company; and

WHEREAS, the Board has considered the President's performance, responsibilities, and market compensation benchmarks for similar positions.

NOW, THEREFORE, BE IT RESOLVED, that the annual salary of the President, {{president_name}}, be and hereby is set at {{currency_symbol}}{{annual_salary}} ({{annual_salary_words}}) per annum, effective {{effective_date}}.

BE IT FURTHER RESOLVED, that the President shall be eligible for such bonuses, benefits, and allowances as may be approved by the Board from time to time, in accordance with the Company's policies and procedures.

BE IT FURTHER RESOLVED, that the appropriate officers of the Company be, and they hereby are, authorized and directed to take all such actions and to execute all such documents as they may deem necessary or advisable to carry out the intent of these resolutions.

CERTIFICATION

I, the undersigned, Secretary of {{company_name}}, do hereby certify that the foregoing is a true and correct copy of a resolution duly adopted by the Board of Directors of said Company at a meeting duly called and held on {{meeting_date}}, at which a quorum was present and acting throughout, and that such resolution is now in full force and effect.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Company this {{certificate_date}}.

Signature Block

__________________________ {{secretary_name}} Company Secretary

Attendees

The following Directors were present at the meeting:

- {{director_1_name}} - {{director_2_name}} - {{director_3_name}} - {{director_4_name}}