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Shareholders' Resolution Adopting Employee
SHAREHOLDERS' RESOLUTION
ADOPTING EMPLOYEES' WELFARE PLAN
After it was moved, seconded, and discussed, the shareholders of the Corporation adopted the following resolution:
WHEREAS the Board of Directors has approved at its meeting on [Date of meeting], a recommendation from its Compensation Committee that the Corporation establish a welfare plan for its employees, and
WHEREAS the aforementioned Compensation Committee recommended and presented to the Board of Directors a detailed "Welfare Plan for Employees of the [Name of Corporation] Corporation," a copy of which is attacked to the minutes of this meeting, it is hereby:
RESOLVED that the "Welfare Plan for Employees of the Corporation," is approved by the Board of Directors of the Corporation and is hereby adopted. The directors of this Corporation are hereby authorized to take all actions necessary to bring the aforementioned "Welfare Plan for the Employees of Corporation" into being.
The undersigned, [Name of Officer], certifies that he or she is the duly appointed Secretary of Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the shareholders thereof, convened and held in accordance with law and the Bylaws of said Corporation on [Date of meeting], and that such resolution is now in full force and effect.
IN WITNESS THEREOF, I have affixed my name as Secretary of [Name of Corporation] Corporation and have attached the seal of [Name of Corporation] Corporation to this resolution.
Dated: [Date Signed]
Secretar
Seal: