DIY Legal Forms

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Approve Stock Option Plan

RESOLVED, that the Stock Option Plan attached to this resolution is hereby approved, and

RESOLVED FURTHER, that the Board of Directors is hereby authorized to set aside a total of (--) shares of the common stock without par value of this Corporation, pursuant to the increase in the capital stock duly authorized by the stockholders of this Corporation on [Date], for sale and issuance to the executives and key employees of this Corporation upon the terms of said Stock Option Plan.

The undersigned hereby certifies that [Name] is the duly elected and qualified Secretary and the custodian of the books and records and seal of [Name], a corporation duly formed pursuant to the laws of the State of [State], and that the foregoing is a true record of a resolution duly adopted at a meeting of the Board of Directors, and that said meeting was held in accordance with state law and the Bylaws of the above named Corporation on [Date], and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above named Corporation on [Date].

A True Record.

Attest.

Secretary