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Board Of Directors Resolution Salary Termination Of Officers

After it was moved, seconded, and discussed, the __________________________, Pty Ltd. Board of Directors adopted the following resolution:

RESOLVED that effective immediately the following officers of the Corporation shall serve without any compensation whatsoever: _____________________________, _______________________________, _____________________________ and _______________________________.

IT IS FURTHER RESOLVED that this resolution overrides any previous resolution concerning salaries of the aforementioned officers.

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 the 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 and the seal of the ________________ Corporation that this is a true and correct copy.

________________________________________

Secretary

SEAL: