DIY Legal Forms

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Authorizing Adoption Group Life Insurance Plan

Pursuant to a duly made, seconded, and unanimously adopted motion, the Board of Directors of [Name] (hereinafter referred to as Corporation) adopts the following resolution:

WHEREAS the Compensation Committee of said Corporation recommends that a group life insurance program for the employees of said Corporation be established, a copy of which written recommendation is attached to the minutes of this meeting, and

WHEREAS the Board of Directors concludes that the establishment of such a program would enable the Corporation to attract and retain highly qualified, desirable employees, it is hereby:

RESOLVED that the Group Life Insurance Plan recommended by the Compensation Committee, a copy of which the Secretary is directed to attach to the minutes of this meeting, be and hereby is approved, adopted, and accepted by the Board of Directors of this Corporation, and it is

FURTHER RESOLVED that the President of this Corporation is directed to take the necessary measures to execute and bring into being the Group Life Insurance Plan recommended by the Compensation Committee and adopted herein by the Board of Directors.

The undersigned, [Name], certifies that [Name] is the duly appointed Secretary of [Corporation] and that the above is a true, accurate, 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 hereafter affixed my name as Secretary of [Corporation] and have attached the seal of [Corporation] to this resolution.

Dated:

_________________________

Secretary

Seal: