Board Resolution Template for Employment Agreements
save
save
copy
downloadDownload
save
save
save
copy
copy

Board Resolution for Employment Agreements

Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]

This resolution is adopted by the Board of Directors of [YOUR COMPANY NAME] on June 15, 2050, to formalize the approval and execution of an employment agreement. This resolution ensures compliance with the company’s corporate governance policies and outlines the key terms and authorization for the employment contract.

I. Purpose of the Resolution

The purpose of this resolution is to approve the employment agreement for John Doe as the Chief Technology Officer (CTO) of [YOUR COMPANY NAME] and to authorize the necessary steps to finalize and execute the agreement in accordance with the company’s policies.

II. Approval of Employment Terms

The Board hereby approves the terms and conditions outlined in the employment agreement, including:

  1. Position: Chief Technology Officer

  2. Start Date: July 1, 2050

  3. Annual Salary: $250,000

  4. Benefits: Stock options, health insurance, and performance bonuses.

III. Authorization to Execute Agreement

The Board authorizes Jane Smith, Chief Executive Officer, to sign the employment agreement with John Doe on behalf of the company. This authorization ensures compliance with company policy and applicable laws.

IV. Ratification of Key Employment Conditions

The following key employment conditions have been reviewed and unanimously approved by the Board:

Condition

Details

Employment Type

Full-Time Permanent

Stock Option Allocation

5,000 Shares

Bonus Eligibility

Performance-Based Annual Bonus

Contract Termination Terms

60-Day Notice Required

V. Compliance with Governance Policies

The Board confirms that the approval process complies with the company’s corporate governance framework, as stated in [YOUR COMPANY BYLAWS], Section 4.2. All directors have participated in the review and decision-making process.

VI. Record-Keeping and Filing

The corporate secretary is instructed to file a copy of this resolution in the official records of [YOUR COMPANY NAME]. A signed copy of the employment agreement and this resolution shall be retained for audit and compliance purposes.

VII. Effective Date of Resolution

This resolution shall take effect immediately upon its adoption on June 15, 2050. Any actions taken prior to this resolution that align with its intent are hereby ratified and confirmed.

This resolution reflects the unanimous agreement of the Board and shall be binding upon its adoption.

Signed:
[YOUR NAME]
Board Secretary

Agreement Templates @ Template.net