DIY Legal Forms

“Help us to stay online by your kind donation.

Every penny will help.”


Authorizing Adoption Of Financial Counseling Plan

Pursuant to a duly made, seconded, and unanimously adopted motion, the Board of Directors of this Corporation has adopted the following resolution:

WHEREAS the duly appointed Compensation Committee of the Board of Directors of this Corporation has made a written recommendation, a copy of which is attached to the minutes of this meeting, that the [Name] (hereinafter referred to as Corporation) has made a written recommendation that said Corporation establish a plan under which employees would be able to obtain financial counseling services without cost to themselves, and

WHEREAS the Board of Directors conclude with the conclusion of the Compensation Committee 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 "Financial Counseling Service Plan for the Benefit of the Employees of [Corporation]" 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 said Corporation. A copy of the above plan will be attached to the minutes of this meeting by the Secretary, and it is

FURTHER RESOLVED that the President of said Corporation is hereby directed to take all steps necessary to bring the aforesaid Plan into existence.

The undersigned, [Name], certifies that he or she 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 affixed my name as Secretary of [Corporation] and have attached the seal of [Corporation] to this resolution.