This board resolution approving compensation for board of directors template has 2 pages and is a MS Word file type listed under our business plan kit documents.
bizBOARD RESOLUTION OF [YOUR COMPANY NAME] APPROVING COMPENSATION FOR BOARD OF DIRECTORS DULY PASSED ON [DATE] APPROVAL OF COMPENSATION FOR BOARD OF DIRECTORS WHEREAS, the Board of Directors ("Board") of [YOUR COMPANY NAME] has determined a need to delineate the specific categories of activities for which attendance fees are paid to members of the Board for the discharge of its board-related duties; and WHEREAS, members of the Board of [YOUR COMPANY NAME] determined that attendance fees should be paid to members only for the specified categories of activities enumerated below; and WHEREAS, members of the Board of [YOUR COMPANY NAME] determined that the maximum daily honoraria payable to members shall be set at 1/[NUMBER]th of the salary of [YOUR COMPANY NAME] President and shall adjust automatically upon adjustment of the President's salary; and WHEREAS, members of the Board of [YOUR COMPANY NAME] determined that the current daily honoraria of [DOLLAR AMOUNT] shall remain unaltered. RESOLVED, that effective [DATE] Board members may be paid for:
This board resolution approving compensation for board of directors template has 2 pages and is a MS Word file type listed under our business plan kit documents.
bizBOARD RESOLUTION OF [YOUR COMPANY NAME] APPROVING COMPENSATION FOR BOARD OF DIRECTORS DULY PASSED ON [DATE] APPROVAL OF COMPENSATION FOR BOARD OF DIRECTORS WHEREAS, the Board of Directors ("Board") of [YOUR COMPANY NAME] has determined a need to delineate the specific categories of activities for which attendance fees are paid to members of the Board for the discharge of its board-related duties; and WHEREAS, members of the Board of [YOUR COMPANY NAME] determined that attendance fees should be paid to members only for the specified categories of activities enumerated below; and WHEREAS, members of the Board of [YOUR COMPANY NAME] determined that the maximum daily honoraria payable to members shall be set at 1/[NUMBER]th of the salary of [YOUR COMPANY NAME] President and shall adjust automatically upon adjustment of the President's salary; and WHEREAS, members of the Board of [YOUR COMPANY NAME] determined that the current daily honoraria of [DOLLAR AMOUNT] shall remain unaltered. RESOLVED, that effective [DATE] Board members may be paid for:
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