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}}

Tel: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION APPROVING THE RETIREMENT OF EMPLOYEE

**Date:** {{date}}

**Time:** {{time}}

**Location:** {{meeting_location}}

**Quorum:** Duly constituted with {{number_of_directors_present}} Directors present.

BACKGROUND

WHEREAS, {{employee_name}} (Employee ID: {{employee_id}}) was employed by {{company_name}} (the "Company") in the position of {{position}} since {{employment_start_date}}.

WHEREAS, {{employee_name}} has reached the official retirement age of the Company as stipulated in the Company's Human Resources Policy and/or their employment contract, or has chosen to retire voluntarily.

WHEREAS, the Board of Directors deems it appropriate to formally acknowledge and approve the retirement of {{employee_name}}.

RESOLUTION

IT IS HEREBY RESOLVED THAT:

1. The retirement of **{{employee_name}}**, Employee ID: **{{employee_id}}**, from the position of **{{position}}** within {{company_name}}, effective **{{retirement_effective_date}}**, be and is hereby formally approved by the Board of Directors.

2. The Managing Director/CEO, {{md_ceo_name}}, or a duly authorised representative, is hereby authorised to take all necessary steps to facilitate the smooth transition of duties and responsibilities, and to ensure compliance with all relevant company policies and statutory requirements pertaining to employee retirement, including but not limited to, the processing of final वेतन (salary), leave pay, provident fund contributions, and any other benefits due to {{employee_name}}.

3. The Board expresses its sincere gratitude to {{employee_name}} for their dedicated service to {{company_name}} over the period of their employment.

CERTIFICATION

I, the undersigned, Company Secretary of {{company_name}}, do hereby certify that the foregoing is a true and accurate copy of a resolution duly adopted by the Board of Directors of the Company at a meeting convened and held on the date first above written, and that such resolution is in full force and effect and has not been revoked or amended.

SIGNATURE BLOCK

___________________________

**{{secretary_name}}**

Company Secretary

Date: {{signature_date}}

DIRECTORS PRESENT (OPTIONAL)

___________________________

**{{director_1_name}}**

Director

___________________________

**{{director_2_name}}**

Director