DIY Legal Forms

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Adopting Employees Welfare Plan

After it was moved, seconded, and discussed, the shareholders of the [Corporation] adopted the following resolution:

WHEREAS the Board of Directors has approved at its meeting on [Date], a recommendation from its Compensation Committee that the Corporation establish a welfare plan for its employees, and

WHEREAS the aforementioned Compensation Committee recommended and presented to the Board of Directors a detailed "Welfare Plan for Employees of the [Corporation]," a copy of which is attacked to the minutes of this meeting, it is hereby:

RESOLVED that the "Welfare Plan for Employees of the Corporation," is approved by the Board of Directors of the [Corporation] and is hereby adopted. The directors of this Corporation are hereby authorized to take all actions necessary to bring the aforementioned "Welfare Plan for the Employees of [Corporation]" into being.

I, [Name], certify that I am the duly appointed Secretary of the [Corporation] and that the above resolution was duly adopted at a shareholders meeting, convened and held in accordance with laws of the State of [State] and the bylaws of the Corporation on [Date], and that such resolution is now in full force and effect.

IN WITNESS THEREOF, I certify by my hand and the seal of the [Corporation] that this is a true and correct copy.

______________________

(Secretary)

Seal: