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Board Of Directors Resolution Authorization Of Scholarship Aid Program

After it was duly moved, seconded, and discussed, the ____________________________ (Corporation) Board of Directors unanimously adopted the following resolution:

WHEREAS the Board of Directors Compensation Committee has made a written recommendation, a copy of which is attached to the minutes of this meeting, that the Corporation establish an scholarship educational assistance program under which employee's children may receive educational scholarships from this Corporation, and

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

RESOLVED that the "Scholarship Aid Plan," for the Benefit of the Children of the Employees of ____________________ Corporation, recommended by the Compensation Committee is hereby adopted, and it is

FURTHER RESOLVED that the officers of this Corporation are hereby directed to take all steps necessary to implement the plan.

I, _______________________, certify that I am the duly appointed Secretary of the ___________________________ Corporation and that the above resolution was duly adopted at a Board of Directors meeting, convened and held in accordance with laws of the State of ______________________________ and the bylaws of the Corporation on __________________, 20____, and that such resolution is now in full force and effect.

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

___________________________________

(Secretary)

SEAL: