[{"data":1,"prerenderedAt":514},["ShallowReactive",2],{"document-board-resolution-authorizing-the-president-to-renew-employment-agreements-D56":3},{"document":4,"label":26,"preview":11,"thumb":27,"thumb600":28,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":29,"breadcrumb":33,"related":41,"customDescModule":181,"customdescription":6,"mdFm":182,"mdProseHtml":513},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":25},"BOARD RESOLUTION OF [COMPANY] AUTHORIZING THE PRESIDENT TO RENEW EMPLOYMENT AGREEMENTS DULY PASSED ON [DATE] aUTHORIZING THE PRESIDENT TO RENEW EMPLOYMENT AGREEMENTS WHEREAS, the Board of Directors (\"Board\") of [ORGANIZATION] has adopted an employment-at-will policy for [ORGANIZATION], and officers of [ORGANIZATION] serve at the pleasure of the Board; and WHEREAS, the Board desires to promote stability in the management of [ORGANIZATION] and security among its employees by retaining the services of the current [POSITION] with regular - i.e., non-acting - appointments for the immediate future and avoiding unwanted and potentially disruptive departures of [ORGANIZATION]'s [POSITION]; RESOLVED, that the Board hereby authorizes the President to negotiate and enter into renewals of the employment agreements that [ORGANIZATION] has with [INDIVIDUAL] for terms extending through [DATE].",null,"Board Resolution Authorizing the President to Renew Employment Agreements","1",27,"doc","https://templates.business-in-a-box.com/imgs/1000px/board-resolution-authorizing-the-president-to-renew-employment-agreements-D56.png","https://templates.business-in-a-box.com/imgs/250px/56.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#56.xml",{"title":6,"description":6},[16,19,22],{"label":17,"url":18},"Business Plan Kit","/templates/business-plan-kit/",{"label":20,"url":21},"Board of Directors","/templates/board-of-directors/",{"label":23,"url":24},"Board Resolutions","/templates/business-resolutions/","board resolution authorizing president to renew employment agreements","Board Resolution Authorizing the President to Renew Employment Agreements Template","https://templates.business-in-a-box.com/imgs/400px/56.png","https://templates.business-in-a-box.com/imgs/600px/56.png",[30,16,19,22],{"label":31,"url":32},"Templates","/templates/",[34,35,38],{"label":31,"url":32},{"label":36,"url":37},"Administration","/templates/business-administration/",{"label":39,"url":40},"Board Governance","/templates/board-governance/",[42,46,50,54,58,62,66,70,74,78,82,86,90,111,126,139,154,166],{"label":43,"url":44,"thumb":45,"extension":10},"Board Resolution Authorizing Agreements Renewal","/template/board-resolution-authorizing-agreements-renewal-D54","https://templates.business-in-a-box.com/imgs/250px/54.png",{"label":47,"url":48,"thumb":49,"extension":10},"Board Resolution Authorizing the Signing of Checks","/template/board-resolution-authorizing-the-signing-of-checks-D57","https://templates.business-in-a-box.com/imgs/250px/57.png",{"label":51,"url":52,"thumb":53,"extension":10},"Board Resolution Authorizing a Check Approval Procedure","/template/board-resolution-authorizing-a-check-approval-procedure-D53","https://templates.business-in-a-box.com/imgs/250px/53.png",{"label":55,"url":56,"thumb":57,"extension":10},"Board Resolution Authorizing the Issue of Corporate Credit Cards","/template/board-resolution-authorizing-the-issue-of-corporate-credit-cards-D55","https://templates.business-in-a-box.com/imgs/250px/55.png",{"label":59,"url":60,"thumb":61,"extension":10},"Restrictive Covenants for Employment Agreements","/template/restrictive-covenants-for-employment-agreements-D555","https://templates.business-in-a-box.com/imgs/250px/555.png",{"label":63,"url":64,"thumb":65,"extension":10},"Board Resolution","/template/board-resolution-D78","https://templates.business-in-a-box.com/imgs/250px/78.png",{"label":67,"url":68,"thumb":69,"extension":10},"Checklist Employment Agreements","/template/checklist-employment-agreements-D563","https://templates.business-in-a-box.com/imgs/250px/563.png",{"label":71,"url":72,"thumb":73,"extension":10},"Board Resolution to Terminate an Employee","/template/board-resolution-to-terminate-an-employee-D76","https://templates.business-in-a-box.com/imgs/250px/76.png",{"label":75,"url":76,"thumb":77,"extension":10},"Board Resolution to Terminate a Contract","/template/board-resolution-to-terminate-a-contract-D75","https://templates.business-in-a-box.com/imgs/250px/75.png",{"label":79,"url":80,"thumb":81,"extension":10},"Board Resolution Approving the Retirement of Employee","/template/board-resolution-approving-the-retirement-of-employee-D52","https://templates.business-in-a-box.com/imgs/250px/52.png",{"label":83,"url":84,"thumb":85,"extension":10},"Board Resolution Approving Compensation for Board of Directors","/template/board-resolution-approving-compensation-for-board-of-directors-D39","https://templates.business-in-a-box.com/imgs/250px/39.png",{"label":87,"url":88,"thumb":89,"extension":10},"Non-Profit Board Resolution","/template/non-profit-board-resolution-D14017","https://templates.business-in-a-box.com/imgs/250px/14017.png",{"description":91,"descriptionCustom":6,"label":92,"pages":93,"size":94,"extension":10,"preview":95,"thumb":96,"svgFrame":97,"seoMetadata":98,"parents":100,"keywords":99,"url":110},"EMPLOYMENT AGREEMENT - AT WILL EMPLOYEE This Employment Agreement for \"At Will\" Employee (the \"Agreement\") is made and effective this [DATE], BETWEEN: [EMPLOYEE NAME] (the \"Employee\"), an individual with his main address at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Corporation\"), an entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Corporation hereby employs the Employee and the Employee hereby agrees to perform services as an employee of the Corporation, on an \"at will\" basis, upon the following terms and conditions: APPOINTMENT The Employee is hereby employed by the Corporation to render such services and to perform such tasks as may be assigned by the Corporation. The Corporation may, in its sole discretion, increase or reduce the duties, or modify the title and job description, of the Employee from time to time, and any such increase, reduction or modification shall not be deemed a termination of this Agreement. ACCEPTANCE OF EMPLOYMENT Employee accepts employment with the Corporation upon the terms set forth above and agrees to devote all Employee's time, energy and ability to the interests of the Corporation, and to perform Employee's duties in an efficient, trustworthy and business-like manner. DEVOTION OF TIME TO EMPLOYMENT The Employee shall devote the Employee's best efforts and substantially all of the Employee's working time to performing the duties on behalf of the Corporation. The Employee shall provide services during the hours that are scheduled by the Corporation management. The Employee shall be prompt in reporting to work at the assigned time. NO CONFLICT OF INTEREST Employee shall not engage in any other business while employed by the Corporation. Employee shall not engage in any activity that conflicts with the Employees duties to the Corporation. Employee shall not provide any service or lend any aid or assistance to any party that competes with the services offered by the Corporation. Employee shall not provide any services to clients or prospective clients of the Corporation outside of the provision of services for the Corporation, whether such services are provided with or without compensation or remuneration. CORPORATION PROPERTY Employee acknowledges and agrees that while employed by the Corporation the Employee may be provided with use of computer equipment and other property of the Corporation. The use and possession of the such items shall be subject to any policies, requirements or restrictions established by the Corporation. Such items may only be used in performance of the Employee's duties for the corporation. On request of the Corporation, the Employee shall immediately deliver any such items to the Corporation. Upon termination of employment, Employee shall have the affirmative duty to return any such item to the Corporation whether a request is made or not. The obligation to return Corporation property shall extend and include any and all work product, client property, proprietary rights, intangible property, and all other property of the corporation regardless of the form or medium. COMPENSATION The Corporation shall pay the Employee such hourly compensation as determined by the Corporation. Payment shall be at the same time as the Corporations usual payroll to other employees. BONUS & BENEFITS Payment of any bonuses shall be at the complete discretion of the Corporation. No guarantee or representation that any bonuses will be paid has been made to the Employee. Standard benefits that are provided to other non-management employees shall be offered to the Employee, subject to the Corporation's policies and the terms and conditions of such benefits. WITHHOLDING All sums payable to Employee under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. QUALIFICATIONS OF EMPLOYEE The employee shall satisfy all of the qualification that are established by the Corporation. TERM OF AGREEMENT There shall be no guaranteed term of employment. Employer acknowledges and agrees that Employee shall be an \"At Will\" Employee and that Employee's employment may be terminated at any time by the Corporation, with or without cause. FEES FROM EMPLOYEE'S WORK The Corporation shall have exclusive authority to determine the fees, or a procedure for establishing the fees, to be charged to clients by the Corporation for services that are provided by the Employee. All sums paid to the Employee or the Corporation in the way of fees, in cash or in kind, or otherwise for services of the Employee, shall, except as otherwise specifically agreed by the Corporation, be and remain the property of the Corporation and shall be included in the Corporation's name in such checking account or accounts as the Corporation may from time to time designate. CLIENTS AND CLIENT RECORDS The Corporation shall have the authority to determine who will be accepted as clients of the Corporation, and the Employee recognizes that such clients accepted are clients of the Corporation and not the Employee. All client records and files of any type concerning clients of the Corporation shall belong to and remain the property of the Corporation, notwithstanding the subsequent termination of the employment. POLICIES AND PROCEDURES The Corporation shall have the authority to establish from time to time the policies and procedures to be followed by the Employee in performing services for the Corporation. This may include, but is not necessarily limited to, employment policies, computer use policies, Internet access policies, email policies, and all other policies, procedures, directives, and mandates established by the Corporation, whether or not in written form or formally adopted. Employee shall abide by the provisions of any contract entered into by the Corporation under which the Employee provides services. Employee shall comply with the terms and conditions of any and all contracts entered by the Corporation. TERMINATION Employee acknowledges and agrees that Employee is an \"at will\" employee of the Corporation. As such, no term of employment is created hereby and employee may be terminated at any time in the sole discretion of the Corporation, whether there exists any cause for termination or not. CREATIONS AND INVENTIONS Employee acknowledges and agrees that any and all work product of the Employee that is conceived or created during the Employee's employment with the Corporation is the exclusive property of the Corporation. This shall include any and all copyrights, trade secrets, confidential information, patents, trademarks, trade dress, ideas, concepts, plans, business plans, business concepts, techniques, inventions, drawings, artwork, logos, graphics, web pages, databases, software, programs, CGI's, plug ins, applications, brochures, inventions, marketing plans and concepts, and all other ideas and work product of the Employee. The Employee acknowledges and agrees that all creations shall be \"works made for hire\" as defined in the [ACT OR CODE]. Notwithstanding the fact that this material may be considered to be a work made for hire, Employee agrees, during Employee's employment and thereafter, which covenant shall survive any termination of the employment relationship, to execute any and all documents requested by the Corporation to confirm the Corporation's ownership and control of all such material, including but not limited to assignments of copyright, confirmations of work for hire status, waivers of proprietary rights, copyright application, and any other documents requested by Corporation. RESTRICTIVE COVENANTS","Employment Agreement_At Will Employee","7",513,"https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_at-will-employee-D541.png","https://templates.business-in-a-box.com/imgs/250px/541.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#541.xml",{"title":99,"description":6},"employment agreement_at will employee",[101,104,107],{"label":102,"url":103},"Human Resources","human-resources",{"label":105,"url":106},"Hire an Employee","hire-employee",{"label":108,"url":109},"Legal Agreements","business-legal-agreements","/template/employment-agreement_at-will-employee-D541",{"description":112,"descriptionCustom":6,"label":113,"pages":114,"size":115,"extension":10,"preview":116,"thumb":117,"svgFrame":118,"seoMetadata":119,"parents":120,"keywords":124,"url":125},"EMPLOYMENT AGREEMENT FOR AN EXECUTIVE This Employment Agreement for an Executive (the \"Agreement\") is made and effective this [Date], BETWEEN: [EXECUTIVE NAME] (the \"Executive\"), an individual with his main address at: AND: [COMPANY NAME] (the \"Company\"), an entity organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: Recitals In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Company hereby employs the Executive and the Executive hereby agrees to perform services as an Executive of the Company, upon the following terms and conditions: TERM The Company hereby employs Executive to serve as [position] and to serve in such additional or different position or positions as the Company may determine in its sole discretion. The term of employment shall be for a period of [NUMBER] years (\"Employment Period\") to commence on [DATE], unless earlier terminated as set forth herein. The effective date of this Agreement shall be the date first set forth above, and it shall continue in effect until the earlier of: The effective date of any subsequent employment agreement between the Company and the Executive; The effective date of any termination of employment as provided elsewhere herein; or [NUMBER] year(s) from the effective date hereof, provided, that this Employment Agreement shall automatically renew for successive periods of [NUMBER] years each unless either party gives written notice to other that it does not wish to automatically renew this Agreement, which written notice must be received by the other party no less than [NUMBER] days and no more than [NUMBER] days prior to the expiration of the applicable term. Duties and Responsibilities Executive will be reporting to [IDENTIFY]. Within the limitations established by the By-laws of the Company, the Executive shall have each and all of the duties and responsibilities of that position and such other or different duties on behalf of the Company, as may be assigned from time to time by [identify what person or body may assign additional responsibilities]. Location The initial principal location at which Executive shall perform services for the Company shall be [location]. Acceptance of Employment Executive accepts employment with the Company upon the terms set forth above and agrees to devote all Executive's time, energy and ability to the interests of the Company, and to perform Executive's duties in an efficient, trustworthy and business-like manner. Devotion of Time to Employment The Executive shall devote the Executive's best efforts and substantially all of the Executive's working time to performing the duties on behalf of the Company. The Executive shall provide services during the normal business hours of the Company as determined by the Company. Reasonable amounts of time may be allotted to personal or outside business, charitable and professional activities and shall not constitute a violation of this Agreement provided such activities do not materially interfere with the services required to be rendered hereunder. QUALIFICATIONS The Executive shall, as a condition of this Agreement, satisfy all of the qualification that are reasonably and in good faith established by the Board of Directors. Compensation Base Salary Executive shall be paid a base salary (\"Base Salary\") at the annual rate of [salary], payable in bi-weekly installments consistent with Company's payroll practices. The annual Base Salary shall be reviewed on or before [DATE] of each year, unless Executive's employment hereunder shall have been terminated earlier pursuant to this Agreement, starting on [agreed upon date] by the Board of Directors of the Company to determine if such Base Salary should be increased for the following year in recognition of services to the Company. In consideration of the services under this Agreement, Executive shall be paid the aggregate of basic compensation, bonus and benefits as hereinafter set forth. Payment Payment of all compensation to Executive hereunder shall be made in accordance with the relevant Company policies in effect from time to time, including normal payroll practices. Bonus From time to time, the Company may pay to Executive a bonus out of net revenues of the Company. Payment of any bonus compensation shall be at the sole discretion of the Board of Directors or the Executive committee of the Board of Directors and the Executive shall have no entitlement to such amount absent a decision by the Company as aforesaid to make such bonus compensation. Executive shall also be entitled to a bonus determined as follows: [DESCRIBE] Benefits The Company shall provide Executive with such benefits as are provided to other senior management Of the Company. Benefits shall include at a minimum (i) paid vacation of [NUMBER] days per year, at such times as approved by the Board of Directors, (ii) health insurance coverage under the same terms as offered to other Executives of the Company, (iii) retirement and profit sharing programs as offered to other Executives of the Company, (iv) paid holidays as per the Company's policies, and (v) such other benefits and perquisites as are approved by the Board of Directors. The Company has the right to modify conditions of participation, terminate any benefit, or change insurance plans and other providers of such benefits in its sole discretion. The Executive shall be reimbursed for out of pocket expenses that are pre-approved by the Company, subject to the Company's policies and procedures therefore, and only for such items that are a necessary and integral part of the Executive's job functions. NonDeductible Compensation In the event a deduction shall be disallowed by the Internal Revenue Service or a court of competent jurisdiction for federal income tax purposes for all or any part of the payment made to Executive by the Company or any other shareholder or Executive of the Company, shall be required by the Internal Revenue Service to pay a deficiency on account of such disallowance, then Executive shall repay to the Company or such other individual required to make such payment, an amount equal to the tax imposed on the disallowed portion of such payment, plus any and all interest and penalties paid with respect thereto. The Company or other party required to make payment shall not be required to defend any proposed disallowance or other action by the Internal Revenue Service or any other state, federal, or local taxing authorities. Withholding All sums payable to Executive under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. Other Employment Benefits Business Expenses Upon submission of itemized expense statements in the manner specified by the Company, Executive shall be entitled to reimbursement for reasonable travel and other reasonable business expenses duly incurred by Executive in the performance of his duties under this Agreement. Benefit Plans Executive shall be entitled to participate in the Company's medical and dental plans, life and disability insurance plans and retirement plans pursuant to their terms and conditions. Executive shall be entitled to participate in any other benefit plan offered by the Company to its Executives during the term of this Agreement (other than stock option or stock incentive plans, which are governed by Section 3(d) below). Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any Executive benefit plan or program from time to time. Vacation Executive shall be entitled to [agreed upon number of time] weeks of vacation each year of full employment, exclusive of legal holidays, as long as the scheduling of Executive's vacation does not interfere with the Company's normal business operations.","Employment Agreement Executive","12",97,"https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_executive-D543.png","https://templates.business-in-a-box.com/imgs/250px/543.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#543.xml",{"title":6,"description":6},[121,122,123],{"label":102,"url":103},{"label":105,"url":106},{"label":108,"url":109},"employment agreement executive","/template/employment-agreement-executive-D543",{"description":127,"descriptionCustom":6,"label":128,"pages":129,"size":94,"extension":10,"preview":130,"thumb":131,"svgFrame":132,"seoMetadata":133,"parents":135,"keywords":134,"url":138},"FIXED-TERM AGREEMENT This Fixed-Term Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME], (the \"Company\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at: [YOUR COMPLETE ADDRESS] AND: [EMPLOYEE NAME], (the \"Employee\") an individual with his main address located at: [YOUR COMPLETE ADDRESS] Collectively, the Company and Employee shall be referred to as the \"Parties.\" WHEREAS, the Company has offered employment to the Employee in the capacity of [SPECIFY CAPACITY OF EMPLOYEE] in the Company; WHEREAS, the Employee is desirous of and is willing to be employed by the Company in such capacity; NOW, THEREFORE, the Parties agree as follows: DEFINITIONS \"Agreement\" and \"this Agreement\" shall mean this Fixed-Term Agreement and all attached annexures and instruments supplemental to or amending, modifying or confirming this Agreement, in accordance with the provisions of this Agreement. \"Company\" shall have the meaning given to such expression in paragraph 1 of the introduction of the Parties. \"Confidential Information\" includes any trade/business secret, technical knowledge or know-how, financial information, plans, customer lists, pricing policies and procedures, marketing data, research and development data, product data, any formula pattern or compilation of information used in the business of the Company or any clients thereof or their affairs. \"Intellectual Property\" means all intellectual and industrial property and all rights therein, including, without limiting the generality of the foregoing, all inventions (whether patentable or not, and whether or not patent protection has been applied for or granted), improvements, developments, discoveries, proprietary information, trademarks, trademark applications, trade names, websites, Internet domain names, logos, slogans, know-how, trade secrets, processes, designs (whether or not registerable and whether or not design rights subsist in them), works in which copyright may subsist (including computer software and preparatory and design materials therefor). \"Month\" means a calendar month. \"Working Day\" means any day excluding Saturdays, Sundays, and statutory holidays. \"Customer(s)\"/\"Clients\" shall mean any individual, corporation, partnership, business, or other entity, whether for-profit or not-for-profit, whose existence and business is known to the Employee as a result of the Employee's access to the Company's business information, Confidential Information, customer lists, customer account information or any other source of information the Employee has access to during its employment. TERM This is a Fixed-Term Agreement. This Agreement will commence on [SPECIFY DATE] and will end on [SPECIFY DATE]. FIXED-TERM APPOINTMENT The Company hereby offers appointment to the Employee for a Fixed Term to serve the Company in the capacity of [CAPACITY OF EMPLOYEE], with effect from [SPECIFY DATE] (the \"Effective Date\") until [SPECIFY DATE]. The Company may conduct a background and a medical check on the Employee, who hereby agrees and assents to the aforesaid offer being made subject to the satisfactory completion of the same. The Employee shall perform their duties at [SPECIFY ADDRESS]. The Employee warrants that, by entering into this Agreement and performing obligations hereunder, the Employee will not be in breach of any terms or obligations under any subsisting agreement, written or oral, with any third party. Notice Period. The Employee will be required to give [NUMBER OF MONTHS] months' notice or salary thereof in case the Employee decides to leave the Company's services. In the event of the Employee having any incomplete assignment, the Company will have the discretion to relieve the Employee only at the end of the [NUMBER OF MONTHS] months' notice period. Similarly, the Company can terminate the Employee's services by giving the Employee [NUMBER OF MONTHS] months' notice or salary thereof. The Company may terminate the Employee's services immediately on disciplinary grounds. Standard Office Hours. The Company's core hours of operation are from [OFFICE HOURS]. DUTIES AND POWERS The Employee's job description and general responsibilities shall be as set forth in \"Annexure A\" and shall include such further duties and responsibilities as the Company may delegate from time to time. The roles and duties of the Employee are not limited to the ones listed in Annexure A, and the same can be modified or altered as per the decision of the Company. The Employee shall perform all such duties as may be delegated by the Company and comply with all such directions as the Officers of the Company and/or his/her nominated deputies may from time to time assign or give to the Employee. The Employee shall, during the Term of this Agreement (unless prevented by ill health or accident or as otherwise agreed by the Company in writing), devote his time and attention and abilities to the employment with the Company and shall use best endeavours to promote and protect the Company's general interests and welfare. The Parties shall fulfill all their obligations by being compliant with the applicable laws. REMUNERATION The Employee shall be paid [SPECIFY MONTHLY SALARY] on a monthly basis. The said salary shall be paid on [DAY] day of each month to the Employee by the Company. The Employee's salary shall be paid through [MODE OF TRANSFER]. The Employee's salary and other benefits shall be subject to compulsory statutory and other deductions, including tax and other contributions that are to be held by the Employee in STATE/PROVINCE]. LEAVE AND HOLIDAYS The Employee shall be entitled to leave in a year as per the leave policy of the Company, which is annexed as Annexure B to the present Agreement. NON-DISCLOSURE, NON-SOLICITATION AND CONFIDENTIALITY As Confidential Information will from time to time become known to the Employee, the Company considers and the Employee agrees that the restraints set forth in this Agreement (on which the Employee has had the opportunity to take independent legal advice) are necessary for the reasonable protection by the Company of its business or the business of the Group, the clients thereof or their respective affairs. The Employee shall not at any time, either during the continuance of or after the termination of employment with the Company, use, disclose or communicate to any person whatsoever any Confidential Information which the Employee has or of which he may have become possessed during the Employee's employment with the Company, nor shall he supply the names or addresses of any clients, customers, vendors or agents of the Company to any person except as authorised by the Company or as ordered by a court of competent jurisdiction. The Employee consents to the Company holding and processing, both electronically and manually, the data it collects in the course of his employment, for the purpose of the Company's administration and management of its employees, its business, and to comply with applicable procedures, laws and regulations. The Employee agrees that he will not at any time during the continuance of employment or on expiry or on termination/cessation of employment with the Company or thereafter, issue any statements to the press (whether oral or written) which have not directly been authorised by the Company. The obligations under this clause shall survive the termination or expiration of this Agreement, and any disclosure of the Confidential Information by the Employee intentionally or unintentionally shall constitute a material breach of the present Agreement, thereby making the Employee liable for the legal action that may be taken by the Company in this regard.","Fixed Term Contract","9","https://templates.business-in-a-box.com/imgs/1000px/fixed-term-contract-D13225.png","https://templates.business-in-a-box.com/imgs/250px/13225.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13225.xml",{"title":134,"description":6},"fixed term contract",[136,137],{"label":108,"url":109},{"label":108,"url":109},"/template/fixed-term-contract-D13225",{"description":140,"descriptionCustom":6,"label":141,"pages":142,"size":143,"extension":10,"preview":144,"thumb":145,"svgFrame":146,"seoMetadata":147,"parents":148,"keywords":152,"url":153},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[149],{"label":150,"url":151},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":155,"descriptionCustom":6,"label":156,"pages":8,"size":94,"extension":10,"preview":157,"thumb":158,"svgFrame":159,"seoMetadata":160,"parents":162,"keywords":161,"url":165},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: JOB OFFER FOR [DESCRIBE] Dear [CANDIDATE NAME]: Congratulations! [Company name] is excited to offer you the position of [job title] with an expected start date of [day, month, year] at a starting salary of [dollar amount] per [hour, year, etc.]. You can expect to receive payment [weekly, biweekly, monthly, etc.], starting on [date of first pay period]. We must wrap up a few more formalities, including the successful completion of your [background check, drug screening, reference check, etc.]. As the [job title], you will report to [manager/supervisor name and title] at [workplace location] from [hours of day, days of week]","Job Offer Letter Long","https://templates.business-in-a-box.com/imgs/1000px/job-offer-letter-long-D12769.png","https://templates.business-in-a-box.com/imgs/250px/12769.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12769.xml",{"title":161,"description":6},"job offer letter long",[163,164],{"label":102,"url":103},{"label":105,"url":106},"/template/job-offer-letter-long-D12769",{"description":167,"descriptionCustom":6,"label":168,"pages":169,"size":94,"extension":10,"preview":170,"thumb":171,"svgFrame":172,"seoMetadata":173,"parents":175,"keywords":174,"url":180},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":174,"description":6},"non disclosure agreement nda",[176,177],{"label":108,"url":109},{"label":178,"url":179},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",false,{"seo":183,"reviewer":194,"legal_disclaimer":198,"quick_facts":199,"at_a_glance":201,"personas":205,"variants":230,"glossary":258,"clauses":288,"how_to_fill":334,"common_mistakes":370,"faqs":395,"industries":423,"comparisons":440,"diy_vs_lawyer":454,"jurisdictions":467,"related_template_ids_curated":488,"schema":499,"classification":500},{"meta_title":184,"meta_description":185,"primary_keyword":25,"secondary_keywords":186},"Board Resolution to Renew Employment Agreements Template (Free Word)","Free board resolution template authorizing the president to renew employment agreements. Covers recitals, delegation of authority, and execution. Free Word and PDF download.",[187,188,189,190,191,192,193],"board resolution employment agreement renewal template","corporate board resolution template","board resolution template word","board resolution delegating authority template","corporate resolution template free","board resolution signing authority","employment agreement renewal authorization",{"name":195,"credential":196,"reviewed_date":197},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":200,"legal_review_recommended":198,"signature_required":198,"notarization_required":181},"medium",{"what_it_is":202,"when_you_need_it":203,"whats_inside":204},"A Board Resolution Authorizing the President to Renew Employment Agreements is a formal corporate governance document in which a company's board of directors officially delegates authority to the president (or equivalent officer) to execute renewal agreements with existing employees. This free Word download provides a ready-to-use resolution you can edit online and export as PDF for inclusion in corporate minute books and HR records.\n","Use it when employment agreements with key personnel are approaching their expiration date and the board wishes to formally authorize the president to negotiate and sign renewal contracts on the corporation's behalf without requiring a separate board vote for each individual agreement.\n","Recitals identifying the corporation and the renewal context, a formal delegation clause granting the president signing authority, scope limitations defining which agreements and terms are covered, a ratification clause for acts already taken, and certification language for the corporate secretary.\n",[206,210,214,218,222,226],{"title":207,"use_case":208,"icon_asset_id":209},"Corporate secretaries","Documenting board authority before the president executes renewal contracts","persona-corporate-secretary",{"title":211,"use_case":212,"icon_asset_id":213},"HR directors","Ensuring employment renewals are backed by proper board authorization before processing","persona-hr-manager",{"title":215,"use_case":216,"icon_asset_id":217},"Company presidents and CEOs","Obtaining formal board backing to sign renewal agreements without per-contract votes","persona-ceo",{"title":219,"use_case":220,"icon_asset_id":221},"Small business owners","Creating a governance paper trail when renewing contracts for key employees","persona-small-business-owner",{"title":223,"use_case":224,"icon_asset_id":225},"General counsel and in-house lawyers","Satisfying corporate formality requirements before renewal agreements are executed","persona-general-counsel",{"title":227,"use_case":228,"icon_asset_id":229},"Private equity portfolio company operators","Demonstrating clean corporate governance to auditors and future buyers during employment contract renewals","persona-operations-director",[231,235,239,243,247,251,254],{"situation":232,"recommended_template":233,"slug":234},"Authorizing the president to sign brand-new employment agreements, not renewals","Board Resolution Authorizing the President to Enter Into Employment Agreements","board-resolution-authorizing-the-president-to-renew-employment-agreements-D56",{"situation":236,"recommended_template":237,"slug":238},"Authorizing a specific officer other than the president to sign contracts","Board Resolution Authorizing an Officer to Sign Contracts","board-resolution-authorizing-agreements-renewal-D54",{"situation":240,"recommended_template":241,"slug":242},"Approving a specific executive's compensation package at the board level","Board Resolution Approving Executive Compensation","board-resolution-approving-compensation-for-board-of-directors-D39",{"situation":244,"recommended_template":245,"slug":246},"Recording a board decision on a different corporate matter entirely","General Board Resolution","board-resolution-to-issue-general-release-D68",{"situation":248,"recommended_template":249,"slug":250},"Documenting unanimous written consent in lieu of a formal board meeting","Unanimous Written Consent of the Board of Directors","action-by-written-consent-of-shareholders-D22",{"situation":252,"recommended_template":253,"slug":238},"Authorizing the president to execute independent contractor agreements instead","Board Resolution Authorizing Independent Contractor Agreements",{"situation":255,"recommended_template":256,"slug":257},"Renewing a specific C-suite executive agreement with equity and severance terms","Executive Employment Agreement","employment-agreement-executive-D543",[259,261,264,267,270,273,276,279,282,285],{"term":63,"definition":260},"A formal written record of a decision made by a company's board of directors, which becomes part of the official corporate record.",{"term":262,"definition":263},"Delegation of Authority","A provision in a resolution or policy that grants a named officer or employee the legal power to act on the corporation's behalf for a defined purpose.",{"term":265,"definition":266},"Recitals","The introductory 'whereas' clauses in a resolution that provide context and factual background for the board's decision, without themselves creating binding obligations.",{"term":268,"definition":269},"Corporate Secretary","The officer responsible for maintaining corporate records, issuing certified copies of resolutions, and ensuring governance formalities are met.",{"term":271,"definition":272},"Ratification","Formal board approval of an act already taken by an officer — confirming its validity and binding the corporation as if the board had pre-authorized it.",{"term":274,"definition":275},"Signing Authority","The legal authorization for a specific individual to execute documents that create binding obligations for the corporation.",{"term":277,"definition":278},"Quorum","The minimum number of board members who must be present or represented for a board vote to be legally valid — typically a majority of seated directors.",{"term":280,"definition":281},"Minute Book","The official corporate record containing executed resolutions, meeting minutes, share registers, and other governance documents required by corporate law.",{"term":283,"definition":284},"Unanimous Written Consent","A mechanism allowing all board members to approve a resolution in writing without convening a formal meeting, valid in most jurisdictions when all directors sign.",{"term":286,"definition":287},"Ultra Vires","An act taken by an officer or corporation that exceeds the powers granted by the corporate charter or applicable law — potentially rendering the act void or voidable.",[289,294,299,304,309,314,319,324,329],{"name":290,"plain_english":291,"sample_language":292,"common_mistake":293},"Caption and preamble","Identifies the corporation by full legal name, the type of meeting or consent action, the date, and confirms that a quorum of directors was present or that all directors consented in writing.","BOARD RESOLUTION OF [CORPORATION LEGAL NAME] (the 'Corporation'), a [STATE/PROVINCE] [ENTITY TYPE], adopted at a duly convened meeting of the Board of Directors held on [DATE], at which a quorum was present and acting throughout.","Using a trade name or brand name instead of the exact registered legal entity name — if they differ, third parties and courts may question whether the resolution covers the contracting entity.",{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Recitals (whereas clauses)","Explains why the board is acting — that existing employment agreements are approaching expiration, that renewal is in the corporation's interest, and that the board has reviewed the matter.","WHEREAS, the Corporation is party to employment agreements with certain key employees, which agreements are scheduled to expire on or about [DATE]; and WHEREAS, the Board has determined that renewal of such agreements on substantially similar or improved terms is in the best interest of the Corporation;","Omitting recitals entirely to save space. Recitals provide the factual record that justifies the resolution and are critical if the authority is ever challenged.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Delegation of authority clause","The operative heart of the resolution — formally grants the president (by title, not name alone) the authority to negotiate, finalize, and execute employment renewal agreements on the corporation's behalf.","RESOLVED, that the President of the Corporation is hereby authorized and directed to negotiate, finalize, and execute, on behalf of the Corporation, renewal agreements with those employees whose existing employment agreements expire on or about [DATE], on terms consistent with the parameters set out in Schedule A attached hereto.","Authorizing the president by personal name only, without also referencing the title. If the named individual leaves the role, the authority lapses and the successor must obtain a new resolution.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Scope and parameter limitations","Defines the boundaries of the delegated authority — which employees are covered, any maximum salary increase percentage, and whether new benefits or equity grants require separate board approval.","The foregoing authority extends to renewal agreements with employees listed in Schedule A. Any renewal that includes a base salary increase exceeding [X]% of the current rate, a new equity grant, or a change in severance entitlement shall require prior approval by the Board.","Granting unlimited authority with no parameters. An unconstrained delegation exposes the corporation to salary commitments or severance terms the board never intended to approve.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Term of authority","Sets a sunset date on the delegation so the authorization does not remain open indefinitely — typically 90 to 180 days from the date of the resolution.","The authority granted herein shall expire on [DATE, NOT MORE THAN 180 DAYS FROM RESOLUTION DATE], unless earlier revoked or extended by further action of the Board.","Omitting any expiration date, leaving the authorization open permanently. This can expose the corporation to renewals executed years later under changed circumstances the board never contemplated.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Ratification of prior acts","Confirms board approval of any preliminary negotiations or representations the president may have already made in anticipation of this resolution — preventing a gap between action and authority.","FURTHER RESOLVED, that any actions heretofore taken by the President in connection with the renewal of the employment agreements described herein are hereby ratified, confirmed, and approved in all respects.","Using a ratification clause to retroactively cover acts that materially exceeded what the board would have authorized — courts may decline to enforce ratification of fundamentally unauthorized acts.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Counterparts and electronic execution","Confirms that the resolution may be signed in counterparts and that electronic or digital signatures are valid, allowing directors to sign without gathering in person.","This Resolution may be executed in one or more counterparts, each of which shall be deemed an original. Electronic signatures transmitted by email or executed through a recognized electronic signature platform shall be deemed valid and binding.","Omitting this clause and then attempting to collect e-signatures — in some jurisdictions, electronic execution of corporate records is only valid if the document explicitly permits it.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Certification by corporate secretary","A certification block at the foot of the resolution in which the corporate secretary attests that the resolution was duly adopted, a quorum was present, and this is a true and accurate copy of the resolution on file.","I, [SECRETARY NAME], Secretary of [CORPORATION NAME], hereby certify that the foregoing is a true and correct copy of a resolution duly adopted by the Board of Directors of the Corporation at a meeting duly called and held on [DATE], and that said resolution is in full force and effect as of the date hereof.","Signing the resolution without a separate certification block. Banks, counterparties, and government agencies routinely require a secretary's certificate as evidence of authority — without it, third parties may refuse to rely on the resolution.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Governing law","States which jurisdiction's corporate law governs the resolution and the authority it grants, typically the state or province of incorporation.","This Resolution shall be governed by and construed in accordance with the laws of the State/Province of [JURISDICTION], without regard to its conflict of law principles.","Defaulting to the state where the company operates rather than where it is incorporated — these can differ, and the law of the state of incorporation governs internal corporate authority questions.",[335,340,345,350,355,360,365],{"step":336,"title":337,"description":338,"tip":339},1,"Enter the corporation's full legal name and incorporation details","In the caption and preamble, use the exact registered legal name — not a trade name or abbreviation. Include the state or province of incorporation and the entity type (e.g., Delaware corporation, Ontario limited company).","Cross-reference the name against your certificate of incorporation or articles of organization before execution — a mismatch can invalidate the document in the eyes of third parties.",{"step":341,"title":342,"description":343,"tip":344},2,"Confirm quorum or prepare written consent signatures","If adopting the resolution at a meeting, confirm in the preamble that a quorum was present. If using unanimous written consent in lieu of a meeting, ensure every director signs and that the consent mechanism is permitted under your jurisdiction's corporate statute and your bylaws.","Check your bylaws for the quorum requirement — some boards require more than a simple majority for resolutions delegating authority to officers.",{"step":346,"title":347,"description":348,"tip":349},3,"Complete the recitals with specific renewal dates","Fill in the expiration date(s) of the existing employment agreements being renewed. If multiple agreement dates are staggered, list them explicitly or reference a Schedule A with the full employee roster and dates.","Attach a Schedule A listing each employee, their current agreement expiration date, and the proposed renewal term — this becomes part of the corporate record and limits disputes about which renewals were authorized.",{"step":351,"title":352,"description":353,"tip":354},4,"Define the scope and parameter limitations","Set a maximum salary increase percentage, confirm whether equity grants or severance changes require separate approval, and list any other material terms outside the president's authority. These limits protect the corporation and clarify expectations for all parties.","A salary increase cap of 5–15% is common for routine renewals; anything outside that band typically warrants a full board discussion rather than delegated authority.",{"step":356,"title":357,"description":358,"tip":359},5,"Set the expiration date for the delegation","Enter a specific sunset date — typically 90 to 180 days from adoption. Align this date with the expected completion of all renewal negotiations so the authority does not lapse mid-process.","Add a calendar reminder 30 days before the expiration date so you can request a board extension if renewals are still in progress.",{"step":361,"title":362,"description":363,"tip":364},6,"Review and include the ratification clause if needed","If the president has already begun preliminary renewal discussions or sent draft terms to employees, include the ratification clause to cover those prior acts. If no prior acts have occurred, the clause is still best practice as a prophylactic measure.","Do not use the ratification clause to approve binding commitments already made that exceed the intended scope — seek specific board approval for those acts separately.",{"step":366,"title":367,"description":368,"tip":369},7,"Obtain director signatures and have the secretary certify","Collect signatures from the required number of directors — either at the meeting or via counterpart pages. Then have the corporate secretary complete and sign the certification block and file the executed resolution in the corporate minute book.","Store a certified copy in both the minute book and the relevant employee HR files so the authority chain is traceable from the employment agreement back to the board action.",[371,375,379,383,387,391],{"mistake":372,"why_it_matters":373,"fix":374},"Authorizing the president by name rather than title","If the named individual vacates the president role before all renewals are signed, the authority technically lapses — creating a gap the successor cannot fill without a new resolution.","Always reference 'the President of the Corporation' as a title, with the current holder's name included parenthetically for context only: 'the President (currently [NAME]).'",{"mistake":376,"why_it_matters":377,"fix":378},"Granting unlimited delegation with no scope restrictions","An unconstrained resolution could allow the president to renew agreements at any salary level, with any benefits package, or for any duration — committing the corporation far beyond what the board intended.","Include specific parameter limits in a Schedule A or in the body of the resolution — salary increase cap, agreement duration, and a list of terms that trigger a separate board vote.",{"mistake":380,"why_it_matters":381,"fix":382},"Omitting an expiration date on the delegation","Without a sunset clause, the authorization remains technically valid indefinitely, exposing the company to renewals executed months or years later under circumstances the board never anticipated.","Always include a specific calendar date — typically 90 to 180 days from adoption — after which the authority automatically lapses.",{"mistake":384,"why_it_matters":385,"fix":386},"Skipping the corporate secretary's certification","Banks, counterparties, and government agencies that need evidence of signing authority routinely require a secretary's certificate. A resolution without one may be rejected as insufficient proof of authority.","Complete the certification block at the time of adoption and have the secretary sign it immediately. Keep certified copies available for any counterparty that requests evidence of authority.",{"mistake":388,"why_it_matters":389,"fix":390},"Adopting the resolution after the employment agreements have already been renewed","Retroactive authorization is more legally fragile than pre-authorization. Some jurisdictions and counterparties do not recognize ratification of acts that were ultra vires at the time they were taken.","Adopt the resolution before the president begins substantive renewal negotiations. If timing is tight, call an emergency board meeting or circulate a unanimous written consent before any agreements are signed.",{"mistake":392,"why_it_matters":393,"fix":394},"Filing the resolution without attaching the referenced Schedule A","A resolution that references a schedule but does not attach it leaves the scope of authority ambiguous — creating disputes about which employees and terms were actually covered.","Finalize and attach Schedule A before the resolution is executed. Initial each page of the schedule to confirm it was reviewed and incorporated at the time of adoption.",[396,399,402,405,408,411,414,417,420],{"question":397,"answer":398},"What is a board resolution authorizing the president to renew employment agreements?","It is a formal corporate governance document in which the board of directors officially delegates authority to the company's president to negotiate and execute employment agreement renewals on the corporation's behalf. It creates a documented chain of authority connecting the board's decision to the president's actions, satisfying corporate law requirements and providing evidence of signing authority to employees, counterparties, and auditors.\n",{"question":400,"answer":401},"Why does a board resolution need to authorize employment agreement renewals?","Under corporate law in most jurisdictions, binding contracts can only be executed by individuals who have been granted authority to act on the corporation's behalf — either through the corporate bylaws, a board resolution, or both. Without documented board authorization, a president who signs renewal agreements may be acting outside their actual authority, which can make those agreements voidable or create personal liability for the officer who signed.\n",{"question":403,"answer":404},"Can the president renew employment agreements without a board resolution?","It depends on the corporation's bylaws and the jurisdiction of incorporation. Some bylaws grant the president broad authority to execute contracts below a certain dollar threshold without a separate resolution. However, for employment agreements — which create ongoing obligations around compensation, benefits, IP, and severance — most corporate governance best practices and many lender or investor agreements require explicit board authorization. When in doubt, adopting a resolution is the safer course.\n",{"question":406,"answer":407},"What should the board resolution include to be legally effective?","At minimum: the corporation's full legal name and jurisdiction of incorporation, confirmation of quorum or unanimous consent, recitals explaining the renewal context, a clear delegation clause naming the president by title, scope and parameter limits on the authority granted, an expiration date for the delegation, and certification by the corporate secretary. Missing any of these elements can create gaps that are difficult to cure retroactively.\n",{"question":409,"answer":410},"Does this resolution need to be notarized?","Notarization is generally not required for a board resolution to be legally effective in most US states, Canadian provinces, or UK companies. The corporate secretary's certification is the standard authentication mechanism. However, some foreign counterparties, government registries, and real estate transactions may require a notarized or apostilled copy — check the specific requirements of each transaction before assuming certification alone is sufficient.\n",{"question":412,"answer":413},"Can a board resolution be adopted without holding a formal meeting?","Yes, in most jurisdictions. The most common alternative is unanimous written consent, where all directors sign the resolution without convening a meeting. Most US state statutes, Canadian corporate legislation, and UK company law permit this mechanism. Check your articles of incorporation, bylaws, and the applicable corporate statute to confirm it is available and that the consent must be unanimous or merely a majority.\n",{"question":415,"answer":416},"How long should the delegated authority last?","A typical sunset period is 90 to 180 days from the date of adoption, which provides sufficient time to complete renewal negotiations without leaving an open-ended authorization on the books. If renewals are not completed before the expiration date, the board can pass a short extension resolution. Permanent or multi-year delegations of this type of authority are generally not advisable without a corresponding review mechanism.\n",{"question":418,"answer":419},"Where should the executed resolution be stored?","The original executed resolution should be filed in the corporation's minute book — the official record of all board actions. Certified copies should be kept in the HR files of each employee whose agreement was renewed under the authority, and a copy should be provided to any counterparty that requests evidence of signing authority. Electronic copies should be stored in a secure, access-controlled system with a clear version history.\n",{"question":421,"answer":422},"Do I need a lawyer to prepare this board resolution?","For a straightforward renewal involving standard employment terms and a single domestic jurisdiction, a high-quality template is typically sufficient. Consider engaging a lawyer when the renewals involve executive-level compensation with equity or enhanced severance, when the corporation has operations in multiple jurisdictions with differing corporate law requirements, or when lenders, investors, or regulators have imposed specific governance requirements on board authority.\n",[424,428,432,436],{"industry":425,"icon_asset_id":426,"specifics":427},"Technology / SaaS","industry-saas","Investor and lender agreements frequently require clean corporate governance records, making formal board authorization of employment renewals a standard diligence item before funding rounds.",{"industry":429,"icon_asset_id":430,"specifics":431},"Professional Services","industry-professional-services","Firms renewing agreements with senior partners or fee-earners use this resolution to document board oversight of compensation changes that directly affect client-billing capacity.",{"industry":433,"icon_asset_id":434,"specifics":435},"Manufacturing","industry-manufacturing","Unionized or regulated environments require documented management authority chains for employment actions, and board resolutions provide the paper trail that supports labor compliance audits.",{"industry":437,"icon_asset_id":438,"specifics":439},"Healthcare","industry-healthtech","Hospitals and medical groups renewing credentialed physician or executive agreements rely on board resolutions to satisfy accreditation bodies and regulatory authorities that require documented governance of employment decisions.",[441,444,448,450],{"vs":245,"vs_template_id":442,"summary":443},"board-resolution-D52","A general board resolution records any board decision — approving a contract, appointing an officer, authorizing a bank account. This template is a purpose-built variant specifically scoped to delegating renewal authority to the president for employment agreements. Use the general resolution for all other corporate decisions; use this one when employment contract renewals specifically require documented president authorization.",{"vs":445,"vs_template_id":446,"summary":447},"Employment Contract","employment-agreement_at-will-employee-D541","An employment contract is the agreement between employer and employee setting out compensation, duties, and terms. This board resolution is the corporate governance document that authorizes the president to sign that contract on the corporation's behalf. You need both — the resolution proves the president had authority; the contract records the agreed terms.",{"vs":256,"vs_template_id":257,"summary":449},"An executive employment agreement is the substantive contract between a corporation and a C-suite officer covering equity, severance, and change-of-control protections. This board resolution is not a contract at all — it is the internal authorization instrument that precedes and enables the president's signature on any employment agreement, executive or otherwise.",{"vs":451,"vs_template_id":452,"summary":453},"Unanimous Written Consent of the Board","","A unanimous written consent is the procedural mechanism that allows directors to adopt a resolution without holding a formal meeting. This board resolution template can be adopted either at a meeting or by unanimous written consent — the consent form is the vehicle; this resolution is the decision being recorded. Both documents are needed when forgoing a formal meeting.",{"use_template":455,"template_plus_review":459,"custom_drafted":463},{"best_for":456,"cost":457,"time":458},"Corporations renewing standard employment agreements with non-executive employees in a single domestic jurisdiction","Free","15–30 minutes",{"best_for":460,"cost":461,"time":462},"Corporations renewing senior management agreements involving salary increases above 15%, changes to equity or severance, or operations in more than one jurisdiction","$300–$700 for a corporate lawyer review","1–3 days",{"best_for":464,"cost":465,"time":466},"Public companies, portfolio companies with investor board seats, or corporations where lender covenants or regulatory requirements impose specific governance standards on employment decisions","$1,000–$3,000+","1–2 weeks",[468,473,478,483],{"code":469,"name":470,"flag_asset_id":471,"note":472},"us","United States","flag-us","Corporate authority to execute contracts is governed by the law of the state of incorporation, not the state of operations. Most state statutes permit unanimous written consent in lieu of a meeting. Delaware and most other states require the resolution to be consistent with the corporation's certificate of incorporation and bylaws. Non-compete and IP provisions in any renewed agreements remain subject to state-specific enforceability rules — particularly in California, Minnesota, and Oklahoma.",{"code":474,"name":475,"flag_asset_id":476,"note":477},"ca","Canada","flag-ca","Federal corporations under the Canada Business Corporations Act and provincial corporations under equivalent statutes can adopt resolutions by unanimous written consent of all directors. Quebec civil law may impose additional formalities for certain employment arrangements. Board resolutions should confirm consistency with the corporation's articles and by-laws, and any renewed employment agreements must meet provincial Employment Standards Act minimums regardless of what the resolution authorizes.",{"code":479,"name":480,"flag_asset_id":481,"note":482},"uk","United Kingdom","flag-uk","Board resolutions of UK private limited companies are typically passed at a board meeting or by written resolution of the requisite majority under the Companies Act 2006. The company's articles of association govern the quorum and voting thresholds. Any renewed employment agreements must comply with the Employment Rights Act 1996 and provide a written statement of particulars. Directors acting outside their authorized scope may face personal liability under UK company law.",{"code":484,"name":485,"flag_asset_id":486,"note":487},"eu","European Union","flag-eu","Corporate authority rules vary by member state — German GmbH and AG structures, French SAS and SA structures, and Dutch BV structures each have distinct formality requirements for board-level authorizations. Renewed employment agreements must comply with applicable national employment law, including mandatory notice periods and the EU Transparent and Predictable Working Conditions Directive. In many member states, works council consultation obligations may apply before employment terms are formally renewed.",[489,446,257,490,491,492,493,494,495,496,497,498],"board-resolution-D78","fixed-term-contract-D13225","independent-contractor-agreement-D160","job-offer-letter-long-D12769","non-disclosure-agreement-nda-D12692","employee-dismissal-letter-D508","employee-handbook-D712","remote-work-agreement-D13282","temporary-employment-contract-D12734","general-non-compete-agreement-D882",{"emit_how_to":198,"emit_defined_term":198},{"primary_folder":501,"secondary_folder":502,"document_type":503,"industry":504,"business_stage":505,"tags":506,"confidence":512},"business-administration","board-governance","resolution","general","all-stages",[507,508,509,510,511],"governance","hr","board-resolution","employment-agreements","corporate-authority",0.95,"\u003Ch2>What is a Board Resolution Authorizing the President to Renew Employment Agreements?\u003C/h2>\n\u003Cp>A \u003Cstrong>Board Resolution Authorizing the President to Renew Employment Agreements\u003C/strong> is a formal corporate governance document through which a company's board of directors officially delegates signing authority to the president — or equivalent chief officer — to negotiate and execute renewed employment contracts on the corporation's behalf. Rather than requiring the full board to convene and vote each time an individual employment agreement comes up for renewal, this resolution consolidates that authority in a single instrument, defining the scope of permitted terms and setting a sunset date on the delegation. It becomes part of the corporation's permanent minute book and provides the paper trail that third parties — employees, auditors, lenders, and investors — rely on to confirm that the president had proper authority to act.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a board resolution on file, a president who signs employment renewal agreements may technically be acting outside their documented authority — making those agreements voidable and exposing both the officer and the corporation to legal risk. Employment agreements create long-term obligations around compensation, benefits, intellectual property, and severance; the board has a governance responsibility to authorize them before they are executed, not after. Lenders and institutional investors routinely review corporate minute books during due diligence, and gaps in the authority chain for employment actions are among the most common findings that delay or derail financing. A properly drafted resolution, adopted before renewal negotiations begin and filed in the minute book immediately after execution, closes this exposure in under 30 minutes — and this template gives you the exact language to do it correctly the first time.\u003C/p>\n",1781186025073]