This document should be used by the board of directors to terminate officers’ salaries. The following text of this document should be reviewed and edited to fit your purposes. [Find, then fill-in, or delete text in brackets like this: “[NNN]”
Otherwise the following text should be reviewed and edited as needed:
BOARD OF DIRECTORS' RESOLUTION TERMINATING OFFICERS' SALARIES
Upon a duly made, seconded and unanimously carried motion, the Board of Directors of this Corporation adopted the following resolution: RESOLVED, notwithstanding any previously adopted resolution to the contrary, effective immediately the following officers of the Corporation shall serve without any compensation whatsoever: [PRESIDENT NAME], VICE PRESIDENT NAME], [SECRETARY NAME], and [TREASURER NAME]. 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 Directors 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