[From: Free Document Downloads at TheSmallBusinessOwnersManual.com] This document should be used by the Board of Directors when fixing attendance fees for directors. 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]” If there are dates in this document, they will automatically change to today’s date.
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BOARD OF DIRECTORS' RESOLUTION FIXING ATTENDANCE FEES FOR DIRECTORS
Upon a duly made, seconded and unanimously adopted motion, the Board of Directors of this Corporation adopted the following resolution: WHEREAS, the Compensation Committee appointed by this Board of Directors has presented the Board with its recommendations regarding the Board's inquiry concerning the possibility of providing the Directors of this Corporation with compensation for their attendance at regular and special meetings of the Board of Directors, it is hereby: RESOLVED, that the recommendation of the Compensation Committee in its report 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 the Treasurer of this Corporation is hereby directed to pay to each director who attends a regular or special meeting of this Corporation's Board of Directors the sum of [N] Dollars ($[N]) per meeting, effective with the next regular or special meeting of the Board of Directors following this meeting. 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