How to prepare legal forms (click here)

Shareholders' Resolution 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 ________________, 20 ____, 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, ____________________________, 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 _________________ 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: