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Settle Litigation
SETTLE LITIGATION
WHEREAS, the Corporation and [Other Party's Name] are presently engaged in litigation, and
WHEREAS, an offer of settlement has been proposed, and
WHEREAS, it is in the best interests of the Corporation to accept said settlement and terminate the litigation; be it
RESOLVED, that the Corporation accept the settlement offer as presented to the Board and as set forth in offer of settlement attached; and, it is
RESOLVED FURTHER, that the President of the Corporation, together with counsel, be authorized to execute and deliver all documents and undertake such acts as are necessary to comply with the terms of settlement.
The undersigned hereby certifies that [he/she] is the duly elected and qualified Secretary and the custodian of the records and books and seal of the [Name of Corporation] corporation. The undersigned also certifies that this corporation has been duly formed in accordance with the laws of [State of Jurisdiction]. Furthermore, the undersigned certifies that the foregoing is a true record of a resolution duly adopted at a meeting of the Board of Directors, and that said meeting was held in accordance with the applicable laws and the Bylaws of the [Name of Corporation] Corporation on [Date of Meeting], and that said resolution is now in full force and effect without modification or rescission.
IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the [Name of Corporation] Corporation on [Date signed]
A True Record.
Attest.
Secretary