Compensation Committee Resolutions: Equity Incentive Plan Grant Approval

Summary

This compensation committee resolutions template may be used to approve grants to employees and certain non-employees such as directors or consultants under an equity incentive plan. An equity incentive plan is a compensation plan under which employees, directors, consultants or other service providers are issued equity awards, including restricted stock, restricted stock units and stock options. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. For a full listing of key content covering equity incentive plan considerations, see Equity Incentive Plan Resource Kit. For general information on compensation committees, see NYSE and Nasdaq Board of Directors and Committee Governance Requirements Under Sarbanes-Oxley and Dodd-Frank — Compensation Committee Standards. For a template of equity incentive plan for a public company, see Equity Incentive Plan (Public Company), and for a template of equity incentive plan for a private company, see Equity Incentive Plan (Private Company). For resolutions approving the establishment of an equity incentive plan, see Compensation Committee Resolutions: Equity Incentive Plan Approval.