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Shareholders Resolution For Approval Of Benefit Plan

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					SHAREHOLDERS' RESOLUTION FOR APPROVAL OF BENEFIT PLAN

Upon a duly made, seconded and unanimously adopted motion, the shareholders of this Corporation adopted the following resolution: WHEREAS, the Board of Directors of this Corporation has adopted a resolution authorizing the establishment of an Employee Pension and Profit Sharing Plan, and WHEREAS, the resolution of the Board of Directors establishing the aforementioned Pension and Profit Sharing Plan also contains the Board's conclusions on how that Plan shall be funded, it is hereby: RESOLVED, that the Employee Pension and Profit Sharing Plan approved by the Board of Directors in its resolution dated [DATE], a copy of which the Secretary of the Corporation is directed to attach to the minutes of this meeting, be and hereby is adopted; and it is FURTHER RESOLVED, that the funding for the above mentioned Employee Pension and Profit Sharing Plan approved by the Board in the aforementioned resolution be and hereby is adopted; and it is FURTHER RESOLVED, that the Treasurer of this Corporation is hereby directed to set aside from the Corporation's annual net profits a sum not to exceed [N] percent of the aforesaid net profits to fund the aforementioned Employee Pension and Profit Sharing Plan and to do everything else necessary to fund the Employee Pension and Profit Sharing Plan as required by the aforementioned recommendations of the Compensation Committee that were approved by the aforementioned resolution of the Board of Directors. The undersigned, [N], certifies that I am the duly appointed Secretary of [COMPANY NAME] 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], and that such resolution is now in full force and effect. IN WITNESS THEREOF, I have affixed my name as Secretary of [COMPANY NAME] Corporation.

Dated: [DATE]

____________________ Secretary


				
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posted:12/24/2007
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