Board Resolution Authorizing the President to Renew Employment Agreements

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Board Resolution Authorizing the President to Renew Employment Agreements

Board Resolution Authorizing the President to Renew Employment Agreements

BOARD RESOLUTION

A meeting of the Board of Directors of {{company_name}} (the “Company”) was held on {{date_of_meeting}}, at {{time_of_meeting}}, at {{meeting_location}}.

PRESENT:

The following directors were present: {{list_of_directors_present}}

QUORUM:

It was noted that a quorum was present and that the meeting was duly constituted.

RESOLUTION TO AUTHORIZE PRESIDENT TO RENEW EMPLOYMENT AGREEMENTS

**WHEREAS**, the employment agreements of certain key personnel are due for renewal; and

**WHEREAS**, the Board deems it necessary and appropriate to authorize the President to negotiate and finalize the renewal of these employment agreements;

**NOW, THEREFORE, BE IT RESOLVED, UNANIMOUSLY,** that the President, {{president_name}}, be and is hereby authorized to negotiate, approve, and execute the renewal of employment agreements for the following employees: {{employee_names_and_positions_list}}.

**BE IT FURTHER RESOLVED**, that the President is authorized to agree to terms and conditions for such renewals, provided that such terms and conditions are within the budgetary allocations previously approved by the Board and are in the best interest of the Company.

**BE IT FURTHER RESOLVED**, that the President shall report to the Board on the finalized terms of the renewed employment agreements at the next scheduled Board meeting or sooner if significant deviations from existing terms are proposed.

CERTIFICATION

I, the undersigned, 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 said Company at a meeting held on {{date_of_meeting}} and that such resolution is in full force and effect as of the date hereof.

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

SIGNATURE

___________________________

{{secretary_name}}

Company Secretary

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