Board Resolution Approving Grant of Options Template

This board resolution approving grant of options template has 1 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our board resolution approving grant of options template:

BOARD RESOLUTION OF [YOUR COMPANY NAME] APPROVING GRANT OF STOCK OPTIONS DULY PASSED ON [DATE] GRANT OF STOCK OPTIONS WHEREAS, the Board of Directors of [YOUR COMPANY NAME] has determined that it is in this company's best interest to grant incentive stock options and nonqualified stock options to certain key employees and directors of [YOUR COMPANY NAME] under the company's Stock Option Plan (the "Plan"). RESOLVED, that the Board of Directors hereby determines that the fair market value of this company's Common Stock on the grant dates of each of the options set forth is [Amount] per share. RESOLVED FURTHER, that the option grants, vesting schedule, and other terms set forth below, and they hereby are, ratified and approved, and subject to such other provisions as are contained in the Plan and in this company's standard form Option Agreement [or Nonqualified Stock Option Agreement], as indicated. Name of Optionee No. of Shares Subject to Option Vesting Schedule