Board Resolution Approving Grant of Options

About this template:

Use this template as an example of a document containing details of the stock options offered to key employees and company executives to be signed by the board. The point of a Board Resolution is to address a specific issue that the board needs to decide on. It is a way of documenting a decision made by a Corporation's Board of Directors or Shareholders on behalf of the Corporation in writing. This particular board resolution deals with the approval of stock options. Find more board resolution templates here https://www.templateguru.co.za/documents/board-resolutions/

Excerpt:

BOARD RESOLUTION OF [YOUR COMPANY NAME] APPROVING GRANT OF STOCK OPTIONS WHEREAS the Board of Directors of [YOUR COMPANY NAME] has determined that it is in this companys best interest to grant incentive stock options and nonqualified stock options to certain key employees and directors of [YOUR COMPANY NAME] under the companys Stock Option Plan (the Plan).

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