Board Resolution: Equity Incentive Plan Approval
(DE Corporation)

Summary

This template Board Resolution: Equity Incentive Plan Approval (DE Corporation) may be adopted by a Delaware corporation to approve a stock option plan. This template includes practical guidance and drafting notes. This template should be used for approval of a stock option plan at a special meeting of the corporation's board of directors, and should be signed by board's president and secretary. When using this template, ensure that a draft of the corporation's plan that is being approved is attached as an exhibit. For a full listing of key content covering Board Resolutions for Private Company Corporate Governance, see Private Company Corporate Governance Board Resolutions Resource Kit. For a full listing of key content covering Delaware corporate formation, organization, maintenance, ownership, management, and dissolution, see Corporation Resource Kit (DE). For a discussion of directors in Delaware, see Management and Indemnification (DE Corporation). For a template stock option plan, see Stock Option Plan.