Board Resolution Fixing the President's Salary

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Board Resolution Fixing the President's Salary

Board Resolution Fixing the President's Salary

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

BOARD RESOLUTION FIXING THE PRESIDENT'S SALARY

Effective Date: {{effective_date}}

CERTIFICATE OF SECRETARY

I, {{secretary_name}}, being the duly appointed Secretary of {{company_name}}, a company duly incorporated under the laws of {{country}}, do hereby certify that the following is a true and accurate copy of a resolution duly adopted by the Board of Directors of {{company_name}} at a meeting duly convened and held on {{meeting_date}}.

RESOLUTION

WHEREAS, the Board of Directors deems it necessary and appropriate to fix the salary of the President of the Company;

WHEREAS, the Board has reviewed and considered the performance of the President, {{president_name}}, as well as industry standards and the financial condition of the Company;

NOW, THEREFORE, BE IT RESOLVED, that:

1. The annual salary of the President, {{president_name}}, shall be fixed at {{currency}} {{annual_salary}} ({{annual_salary_words}}) per annum, effective from {{effective_date}}.

2. The President shall be eligible for such bonuses, benefits, and other perquisites as may be approved by the Board of Directors from time to time, in accordance with the Company’s compensation policies.

3. The Chief Financial Officer, {{cfo_name}}, is hereby authorized and directed to take all necessary steps to implement this resolution, including making appropriate adjustments to payroll and other financial records.

4. This resolution shall supersede any previous resolutions or agreements pertaining to the President's salary.

ADOPTION

This Resolution was duly adopted by the unanimous (or majority) vote of the Board of Directors present at the meeting.

CERTIFICATION

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

_______________________________

{{secretary_name}}

Company Secretary

BOARD OF DIRECTORS (Signatures)

_______________________________

{{director_name_1}}

_______________________________

{{director_name_2}}

_______________________________

{{director_name_3}}

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