[{"data":1,"prerenderedAt":512},["ShallowReactive",2],{"document-board-resolution-fixing-the-president-s-salary-D59":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":184,"customdescription":6,"mdFm":185,"mdProseHtml":511},{"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 [YOUR COMPANY NAME] FIXING PRESIDENT'S SALARY DULY PASSED ON [DATE] FIXING THE PRESIDENT'S SALARY WHEREAS, the Board has determined that the President of [YOUR COMPANY NAME] should be compensated at a level equal to the highest pay allowable in level [NUMBER] of the Executive Schedule for [YOUR COMPANY NAME]; and WHEREAS, the Board has determined that the compensation for the President of [YOUR COMPANY NAME] shall change automatically to match any change to the highest pay allowable in level [NUMBER] of the Executive Schedule for [YOUR COMPANY NAME]; RESOLVED that such compensation change shall be effective as of the date of the effective date of the changes in level [NUMBER] of the Executive Schedule regardless of the date that [YOUR COMPANY NAME] actually implements said changes; and",null,"Board Resolution Fixing the President's Salary","1",26,"doc","https://templates.business-in-a-box.com/imgs/1000px/board-resolution-fixing-the-president's-salary-D59.png","https://templates.business-in-a-box.com/imgs/250px/59.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#59.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 fixing president s salary","Board Resolution Fixing the President's Salary Template","https://templates.business-in-a-box.com/imgs/400px/59.png","https://templates.business-in-a-box.com/imgs/600px/59.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/",[42,46,50,54,58,62,66,70,74,78,82,86,90,111,126,138,153,168],{"label":43,"url":44,"thumb":45,"extension":10},"Board Resolution Authorizing the President to Renew Employment Agreements","/template/board-resolution-authorizing-the-president-to-renew-employment-agreements-D56","https://templates.business-in-a-box.com/imgs/250px/56.png",{"label":47,"url":48,"thumb":49,"extension":10},"Board Resolution","/template/board-resolution-D78","https://templates.business-in-a-box.com/imgs/250px/78.png",{"label":51,"url":52,"thumb":53,"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":55,"url":56,"thumb":57,"extension":10},"Board Resolution Appointing Officers","/template/board-resolution-appointing-officers-D33","https://templates.business-in-a-box.com/imgs/250px/33.png",{"label":59,"url":60,"thumb":61,"extension":10},"Board Resolution Appointing an Auditor","/template/board-resolution-appointing-an-auditor-D32","https://templates.business-in-a-box.com/imgs/250px/32.png",{"label":63,"url":64,"thumb":65,"extension":10},"Board Resolution Approving Amalgamation","/template/board-resolution-approving-amalgamation-D35","https://templates.business-in-a-box.com/imgs/250px/35.png",{"label":67,"url":68,"thumb":69,"extension":10},"Board Resolution Approving Budget","/template/board-resolution-approving-budget-D38","https://templates.business-in-a-box.com/imgs/250px/38.png",{"label":71,"url":72,"thumb":73,"extension":10},"Board Resolution Approving Negotiation","/template/board-resolution-approving-negotiation-D5150","https://templates.business-in-a-box.com/imgs/250px/5150.png",{"label":75,"url":76,"thumb":77,"extension":10},"Board Resolution Regarding Organization","/template/board-resolution-regarding-organization-D64","https://templates.business-in-a-box.com/imgs/250px/64.png",{"label":79,"url":80,"thumb":81,"extension":10},"Board Resolution to Commence Litigation","/template/board-resolution-to-commence-litigation-D67","https://templates.business-in-a-box.com/imgs/250px/67.png",{"label":83,"url":84,"thumb":85,"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":87,"url":88,"thumb":89,"extension":10},"Board Resolution to Purchase Equipment","/template/board-resolution-to-purchase-equipment-D71","https://templates.business-in-a-box.com/imgs/250px/71.png",{"description":91,"descriptionCustom":6,"label":92,"pages":93,"size":94,"extension":10,"preview":95,"thumb":96,"svgFrame":97,"seoMetadata":98,"parents":99,"keywords":109,"url":110},"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},[100,103,106],{"label":101,"url":102},"Human Resources","human-resources",{"label":104,"url":105},"Hire an Employee","hire-employee",{"label":107,"url":108},"Legal Agreements","business-legal-agreements","employment agreement executive","/template/employment-agreement-executive-D543",{"description":112,"descriptionCustom":6,"label":113,"pages":114,"size":115,"extension":10,"preview":116,"thumb":117,"svgFrame":118,"seoMetadata":119,"parents":121,"keywords":120,"url":125},"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":120,"description":6},"employment agreement_at will employee",[122,123,124],{"label":101,"url":102},{"label":104,"url":105},{"label":107,"url":108},"/template/employment-agreement_at-will-employee-D541",{"description":127,"descriptionCustom":6,"label":128,"pages":8,"size":115,"extension":10,"preview":129,"thumb":130,"svgFrame":131,"seoMetadata":132,"parents":134,"keywords":133,"url":137},"[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":133,"description":6},"job offer letter long",[135,136],{"label":101,"url":102},{"label":104,"url":105},"/template/job-offer-letter-long-D12769",{"description":139,"descriptionCustom":6,"label":140,"pages":141,"size":115,"extension":10,"preview":142,"thumb":143,"svgFrame":144,"seoMetadata":145,"parents":147,"keywords":146,"url":152},"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":146,"description":6},"non disclosure agreement nda",[148,149],{"label":107,"url":108},{"label":150,"url":151},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":154,"descriptionCustom":6,"label":155,"pages":156,"size":157,"extension":10,"preview":158,"thumb":159,"svgFrame":160,"seoMetadata":161,"parents":162,"keywords":166,"url":167},"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},[163],{"label":164,"url":165},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":169,"descriptionCustom":6,"label":170,"pages":171,"size":172,"extension":10,"preview":173,"thumb":174,"svgFrame":175,"seoMetadata":176,"parents":177,"keywords":182,"url":183},"Employee Handbook Understanding employment at [YOUR COMPANY NAME] Revised on [DATE] Prepared By: [YOUR NAME] [YOUR JOB TITLE] Phone 555.555.5555 Email info@yourbusiness.com www.yourbusiness.com Table of Content Table of Content 2 Welcome to [YOUR COMPANY NAME]! 5 1. Organization Description 6 1.1 Introductory Statement 6 1.2 Customer Relations 6 1.3 Products and Services Provided 7 1.4 Facilities and Location(s) 7 1.5 The History of [YOUR COMPANY NAME] 7 1.6 Management Philosophy 7 1.7 Goals 8 2. The Employment 9 2.1 Nature of Employment 9 2.2 Employee Relations 9 2.3 Equal Employment Opportunity 10 2.4 Diversity 10 2.5 Business Ethics and Conduct 12 2.6 Personal Relationships in the Workplace 13 2.7 Conflicts of Interest 13 2.8 Outside Employment 14 2.9 Non-Disclosure 15 2.10 Disability Accommodation 16 2.11 Job Posting and Employee Referrals 17 2.12 Whistleblower Policy 18 2.13 Accident and First Aid 20 3. Employment Status and Records 21 3.1 Employment Categories 21 3.2 Access to Personnel Files 22 3.3 Personnel Data Changes 23 3.4 Probation Period 23 3.5 Employment Applications 24 3.6 Performance Evaluation 24 3.7 Job Descriptions 25 3.8 Salary Administration 25 3.9 Professional Development 26 4. Employee Benefit Programs 27 4.1 Employee Benefits 27 4.2 Vacation Benefits 27 4.3 Military Service Leave 29 4.4 Religious Observance 29 4.5 Holidays 29 4.6 Workers Insurance 30 4.7 Sick Leave Benefits 31 4.8 Bereavement Leave 32 4.9 Relocation Benefits 33 4.10 Educational Assistance 33 4.11 Health Insurance 34 4.12 Life Insurance 35 4.13 Long Term Disability 35 4.14 Marriage, Maternity and Parental Leave 36 5. Timekeeping / Payroll 40 5.1 Timekeeping 40 5.2 Paydays 40 5.3 Employment Termination 41 5.4 Administrative Pay Corrections 42 6. Work Conditions and Hours 43 6.1 Work Schedules 43 6.2 Absences 43 6.3 Jury Duty 45 6.4 Use of Phone and Mail Systems 45 6.5 Smoking 46 6.6 Meal Periods 46 6.7 Overtime 46 6.8 Use of Equipment 47 6.9 Telecommuting 47 6.10 Emergency Closing 48 6.11 Business Travel Expenses 49 6.12 Visitors in the Workplace 51 6.13 Computer and Email Usage 51 6.14 Internet Usage 52 6.15 Workplace Monitoring 54 6.16 Workplace Violence Prevention 55 7. Employee Conduct & Disciplinary Action 57 7.1 Employee Conduct and Work Rules 57 7.2 Sexual and Other Unlawful Harassment 58 7.3 Attendance and Punctuality 60 7.4 Personal Appearance 60 7.5 Return of Property 61 7.6 Resignation and Retirement 61 7.7 Security Inspections 62 7.8 Progressive Discipline 62 7.9 Problem Resolution 64 7.10 Workplace Etiquette 65 7.11 Suggestion Program 67 Acknowledgement of Receipt 68 Welcome to [YOUR COMPANY NAME]! On behalf of your colleagues, we welcome you to [YOUR COMPANY NAME] and wish you every success here. At [YOUR COMPANY NAME], we believe that each employee contributes directly to the growth and success of the company, and we hope you will take pride in being a member of our team. This handbook was developed to describe some of the expectations of our employees and to outline the policies, programs, and benefits available to eligible employees. Employees should become familiar with the contents of the employee handbook as soon as possible, for it will answer many questions about employment with [YOUR COMPANY NAME]. We believe that professional relationships are easier when all employees are aware of the culture and values of the organization. This guide will help you to better understand our vision for the future of our business and the challenges that are ahead. We hope that your experience here will be challenging, enjoyable, and rewarding. Again, welcome! [PRESIDENT NAME] President & CEO 1. Organization Description 1.1 Introductory Statement This handbook is designed to acquaint you with [YOUR COMPANY NAME] and provide you with information about working conditions, employee benefits, and some of the policies affecting your employment. You should read, understand, and comply with all provisions of the handbook. It describes many of your responsibilities as an employee and outlines the programs developed by [YOUR COMPANY NAME] to benefit employees. One of our objectives is to provide a work environment that is conducive to both personal and professional growth. No employee handbook can anticipate every circumstance or question about policy. As [YOUR COMPANY NAME] continues to grow, the need may arise and [YOUR COMPANY NAME] reserves the right to revise, supplement, or rescind any policies or portion of the handbook from time to time as it deems appropriate, in its sole and absolute discretion. Employees will be notified of such changes to the handbook as they occur. 1.2 Customer Relations Customers are among our organization's most valuable assets. Every employee represents [YOUR COMPANY NAME] to our customers and the public. The way we do our jobs presents an image of our entire organization. Customers judge all of us by how they are treated with each employee contact. Therefore, one of our first business priorities is to assist any customer or potential customer. Nothing is more important than being courteous, friendly, helpful, and prompt in the attention you give to customers. [YOUR COMPANY NAME] will provide customer relations and services training to all employees with extensive customer contact. Customers who wish to lodge specific comments or complaints should be directed to the [TITLE AND NAME OF THE PERSON RESPONSIBLE] for appropriate action. Our personal contact with the public, our manners on the telephone, and the communications we send to customers are a reflection not only of ourselves, but also of the professionalism of [YOUR COMPANY NAME]. Positive customer relations not only enhance the public's perception or image of [YOUR COMPANY NAME], but also pay off in greater customer loyalty and increased sales and profit. 1.3 Products and Services Provided You will find more information about our products and services by reading the [YOUR COMPANY NAME] Corporate Brochures. 1.4 Facilities and Location(s) Head Office: [ADDRESS] [CITY], [STATE] [ZIP/POSTAL CODE] [COUNTRY] 1.5 The History of [YOUR COMPANY NAME] [DESCRIBE THE HISTORY OF YOUR COMPANY HERE] 1.6 Management Philosophy [YOUR COMPANY NAME] management philosophy is based on responsibility and mutual respect. Our wishes are to maintain a work environment that fosters on personal and professional growth for all employees. Maintaining such an environment is the responsibility of every staff person. Because of their role, managers and supervisors have the additional responsibility to lead in a manner which fosters an environment of respect for each person. People who come to [YOUR COMPANY NAME] want to work here because we have created an environment that encourages creativity and achievement. [YOUR COMPANY NAME] aims to become a leader in [DESCRIBE YOUR COMPANY'S FIELD OF EXPERTISE]. The mainstay of our strategy will be to offer a level of client focus that is superior to that offered by our competitors. To help achieve this objective, [YOUR COMPANY NAME] seeks to attract highly motivated individuals that want to work as a team and share in the commitment, responsibility, risk taking, and discipline required to achieve our vision. Part of attracting these special individuals will be to build a culture that promotes both uniqueness and a bias for action. While we will be realistic in setting goals and expectations, [YOUR COMPANY NAME] will also be aggressive in reaching its objectives. This success will in turn enable [YOUR COMPANY NAME] to give its employees above average compensation and innovative benefits or rewards, key elements in helping us maintain our leadership position in the worldwide marketplace. 1.7 Goals [DESCRIBE YOUR COMPANY'S GOALS HERE] 2. The Employment 2","Employee Handbook","34",280,"https://templates.business-in-a-box.com/imgs/1000px/employee-handbook-D712.png","https://templates.business-in-a-box.com/imgs/250px/712.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#712.xml",{"title":6,"description":6},[178,179],{"label":101,"url":102},{"label":180,"url":181},"Company Policies","company-policies","employee handbook","/template/employee-handbook-D712",false,{"seo":186,"reviewer":198,"legal_disclaimer":202,"quick_facts":203,"at_a_glance":205,"personas":209,"variants":234,"glossary":259,"clauses":289,"how_to_fill":335,"common_mistakes":371,"faqs":396,"industries":424,"comparisons":441,"diy_vs_lawyer":453,"jurisdictions":466,"related_template_ids_curated":487,"schema":498,"classification":499},{"meta_title":187,"meta_description":188,"primary_keyword":189,"secondary_keywords":190},"Board Resolution Fixing the President's Salary Template (Free Word)","Free board resolution template to formally set the president's salary. Covers authorization, compensation details, and effective date. Used in 190+ countries. Free Word and PDF download.","board resolution fixing president salary template",[191,192,193,194,195,196,197],"board resolution salary template","corporate resolution president compensation","board resolution template word","director resolution fixing salary","corporate resolution compensation template free","board resolution executive salary","president salary resolution template",{"name":199,"credential":200,"reviewed_date":201},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":204,"legal_review_recommended":202,"signature_required":202,"notarization_required":184},"medium",{"what_it_is":206,"when_you_need_it":207,"whats_inside":208},"A Board Resolution Fixing the President's Salary is a formal corporate document in which a company's board of directors officially approves and records the annual compensation payable to the president. This free Word download gives you a ready-to-edit template you can complete in minutes and export as PDF for signature and filing in your corporate minute book.\n","Use it when the board sets or changes the president's base salary — at incorporation, at the start of a new fiscal year, following a performance review, or whenever compensation is renegotiated. Many jurisdictions and lenders require a signed board resolution before the salary can be lawfully paid or deducted as a business expense.\n","Meeting details and quorum confirmation, identification of the president by name and title, the approved salary amount and payment frequency, the effective date, authorization for officers to implement the resolution, and signature blocks for the required directors or secretary.\n",[210,214,218,222,226,230],{"title":211,"use_case":212,"icon_asset_id":213},"Corporate secretaries","Documenting salary approvals in the official minute book after board meetings","persona-corporate-secretary",{"title":215,"use_case":216,"icon_asset_id":217},"Small business owners","Formalizing their own compensation as president of a closely held corporation","persona-small-business-owner",{"title":219,"use_case":220,"icon_asset_id":221},"Startup founders","Setting a founder-president salary before the first payroll run post-incorporation","persona-startup-founder",{"title":223,"use_case":224,"icon_asset_id":225},"CFOs and controllers","Ensuring compensation expense has board-level authorization for audit and tax purposes","persona-cfo",{"title":227,"use_case":228,"icon_asset_id":229},"Corporate lawyers","Preparing resolutions on behalf of clients during annual corporate maintenance filings","persona-corporate-lawyer",{"title":231,"use_case":232,"icon_asset_id":233},"Board members and directors","Voting on and ratifying executive compensation at annual or special board meetings","persona-board-member",[235,238,240,243,247,251,255],{"situation":236,"recommended_template":7,"slug":237},"Setting president compensation at the time of incorporation","board-resolution-fixing-the-president-s-salary-D59",{"situation":239,"recommended_template":7,"slug":237},"Approving a mid-year salary increase for the president",{"situation":241,"recommended_template":242,"slug":237},"Setting compensation for a CEO rather than a titled president","Board Resolution Fixing the CEO's Salary",{"situation":244,"recommended_template":245,"slug":246},"Approving a full executive compensation package including bonus and equity","Executive Employment Agreement","employment-agreement-executive-D543",{"situation":248,"recommended_template":249,"slug":250},"Documenting multiple officer salaries in a single resolution","Board Resolution Fixing Officers' Salaries","board-resolution-appointing-officers-D33",{"situation":252,"recommended_template":253,"slug":254},"Approving a dividend payment instead of or in addition to salary","Board Resolution Declaring a Dividend","board-resolution-approving-declaration-of-final-dividend-D41",{"situation":256,"recommended_template":257,"slug":258},"Ratifying compensation already paid without prior board approval","Board Resolution Ratifying Prior Actions","board-resolution-D78",[260,262,265,268,271,274,277,280,283,286],{"term":47,"definition":261},"A formal written record of a decision made by a corporation's board of directors, which becomes a binding corporate act once adopted and filed.",{"term":263,"definition":264},"Quorum","The minimum number of directors who must be present at a meeting for the board's decisions to be legally valid — typically a majority of the total board.",{"term":266,"definition":267},"Written Consent in Lieu of Meeting","A procedure allowing all directors to sign a resolution without holding a physical meeting, permitted in most US states and Canadian provinces.",{"term":269,"definition":270},"Minute Book","The official corporate record book containing all resolutions, meeting minutes, share registers, and other governance documents required by corporate law.",{"term":272,"definition":273},"Effective Date","The specific calendar date from which the approved salary takes effect and on which the corporation is authorized to begin making payments at the new rate.",{"term":275,"definition":276},"Reasonable Compensation","The standard applied by tax authorities — particularly the IRS — to determine whether officer pay is deductible as a business expense rather than a disguised dividend.",{"term":278,"definition":279},"Officer","An individual appointed by the board to a named executive role — president, secretary, treasurer — with authority to act on the corporation's behalf within their delegated scope.",{"term":281,"definition":282},"Unanimous Consent","A resolution signed by every director entitled to vote, used when the corporation's bylaws or applicable law require all directors to agree rather than just a majority.",{"term":284,"definition":285},"Corporate Bylaws","The internal rules governing a corporation's management structure, meeting procedures, and officer roles — the document that typically authorizes the board to fix officer salaries.",{"term":287,"definition":288},"Ratification","Formal board approval of an act already taken, used to retroactively authorize salary payments made before a resolution was properly adopted.",[290,295,300,305,310,315,320,325,330],{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Meeting details and quorum recital","States the date, time, and place of the board meeting (or confirms action by written consent), identifies the directors present, and confirms that a quorum was achieved.","A meeting of the Board of Directors of [COMPANY NAME] was duly held on [DATE] at [TIME] at [LOCATION / via videoconference]. The following directors were present: [DIRECTOR NAMES], constituting a quorum of the Board.","Omitting the quorum confirmation. If challenged, a resolution without a quorum recital may be declared invalid, making any salary paid under it an unauthorized corporate expenditure.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Recital of authority","References the corporate bylaw or statutory provision that empowers the board to fix officer compensation, establishing the legal basis for the resolution.","WHEREAS, pursuant to Article [X] of the Corporation's Bylaws and applicable law, the Board of Directors is authorized to fix the compensation of the Corporation's officers;","Citing a bylaw article that doesn't match the current bylaws. When the bylaws have been amended, outdated article references undermine the resolution's authority and can flag compliance issues during audits.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Identification of the president","Names the individual holding the president title, confirming their appointment to the role to connect the compensation decision to a specific officer.","WHEREAS, [FULL NAME] currently serves as President of [COMPANY NAME];","Using only a job title without a full legal name. If the president changes mid-year, a title-only reference creates ambiguity about who is actually authorized to receive the salary.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Salary approval","The operative clause — states the exact annual or periodic salary amount and the payment frequency (weekly, bi-weekly, semi-monthly, or monthly).","RESOLVED, that the annual base salary of [FULL NAME] as President of [COMPANY NAME] shall be [$ AMOUNT] per year, payable in equal installments [bi-weekly / semi-monthly / monthly] in accordance with the Corporation's standard payroll practices.","Stating only an annual figure without specifying payment frequency. Payroll systems require a per-period amount, and ambiguity about frequency can create discrepancies between the resolution and actual payroll records.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Effective date","Specifies the calendar date from which the approved salary applies, ensuring the resolution is anchored to a defined pay period start date.","RESOLVED FURTHER, that the salary approved herein shall be effective as of [DATE].","Leaving the effective date blank or using 'immediately.' An undefined effective date creates disputes about which payroll period is covered and complicates retroactive tax filings.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Tax and reasonableness acknowledgment","Records that the board has considered the reasonableness of the compensation relative to market rates and the president's duties, supporting the deductibility of the expense.","RESOLVED FURTHER, that the Board has determined that the above compensation is reasonable and commensurate with the services rendered by the President and consistent with compensation paid for similar services in comparable businesses.","Omitting the reasonableness finding entirely. Without documented evidence of a reasonableness analysis, the IRS or CRA may reclassify excess salary as a non-deductible distribution, triggering back taxes and penalties.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Authorization to implement","Directs the appropriate officers — typically the CFO, treasurer, or controller — to take all steps necessary to carry out the approved compensation, including payroll adjustments.","RESOLVED FURTHER, that the officers of the Corporation are authorized and directed to take any and all actions necessary to implement the foregoing, including adjusting payroll records effective [DATE].","Naming a specific officer to implement the resolution who no longer holds that role. If the named officer has left, the resolution may require amendment before payroll can act on it.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Certification by secretary","The corporate secretary certifies that the resolution was duly adopted, that the signatories are directors, and that the document is a true copy of the board's action.","I, [SECRETARY NAME], Secretary of [COMPANY NAME], hereby certify that the foregoing is a true and correct copy of a resolution duly adopted by the Board of Directors on [DATE], and that the resolution remains in full force and effect.","Having the president — rather than the secretary — certify a resolution that sets the president's own salary. Self-certification of one's own compensation record is a governance red flag and may be challenged by minority shareholders or auditors.",{"name":331,"plain_english":332,"sample_language":333,"common_mistake":334},"Director signatures","Signature blocks for each director voting in favor, or for all directors if the resolution is adopted by written consent in lieu of meeting.","IN WITNESS WHEREOF, the undersigned, being all [/ a majority] of the directors of [COMPANY NAME], have executed this Resolution as of [DATE]. [DIRECTOR NAME] __________________ [DIRECTOR NAME] __________________","Collecting signatures on separate undated pages and then assembling them into a single document without a counterparts clause. Without explicit counterparts language, the validity of a multi-page consent assembly can be disputed.",[336,341,346,351,356,361,366],{"step":337,"title":338,"description":339,"tip":340},1,"Enter the corporation's full legal name","Use the exact registered name as it appears in the articles of incorporation — not a trade name or abbreviation. Check your corporate registry filing if uncertain.","A mismatch between the resolution and the registered corporate name is one of the most common errors flagged during bank account openings and loan applications.",{"step":342,"title":343,"description":344,"tip":345},2,"Confirm the meeting date, time, and quorum","Enter the actual date and time of the board meeting, list every director present by full name, and confirm the number present constitutes a quorum under your bylaws.","If adopting by written consent rather than a meeting, replace the meeting recital with a written consent header and ensure all required directors sign — check your bylaws for whether unanimous or majority consent is required.",{"step":347,"title":348,"description":349,"tip":350},3,"Verify the bylaw authority reference","Look up the article in your current bylaws that authorizes the board to fix officer compensation and enter the correct article number in the recital.","If your bylaws have been amended since incorporation, use the most recently amended version — outdated article citations are a common audit issue.",{"step":352,"title":353,"description":354,"tip":355},4,"Identify the president by full legal name","Enter the president's full legal name as it appears on their government-issued ID and in the corporate officer register.","If the resolution is being adopted to ratify salary already paid, note the retroactive effective date explicitly and add a ratification clause.",{"step":357,"title":358,"description":359,"tip":360},5,"State the salary amount and payment frequency","Enter the approved annual salary in figures, then specify the pay period — bi-weekly (26 periods), semi-monthly (24 periods), or monthly (12 periods). The template calculates a per-period amount automatically.","Cross-reference the per-period amount against your payroll system before filing the resolution — a rounding discrepancy compounds across 26 pay periods.",{"step":362,"title":363,"description":364,"tip":365},6,"Set a specific effective date","Choose a calendar date that aligns with the start of a pay period — typically the first day of the month or the start of a bi-weekly cycle. Enter it in both the salary clause and the effective-date clause.","Backdating a resolution to cover salary already paid is permissible as a ratification but should be labeled explicitly as such to avoid creating an appearance of document manipulation.",{"step":367,"title":368,"description":369,"tip":370},7,"Have the corporate secretary certify and collect signatures","The secretary should sign the certification block. Then collect signatures from the required directors — all directors for a written consent, or the directors present at a properly convened meeting.","File the signed original in the corporate minute book within 30 days and provide a certified copy to the payroll department and the company's accountant.",[372,376,380,384,388,392],{"mistake":373,"why_it_matters":374,"fix":375},"No reasonableness documentation","Tax authorities treat officer salary as deductible only if it is reasonable compensation for services actually rendered. A bare resolution with no reasonableness finding makes the deduction vulnerable to challenge and reclassification as a dividend.","Add a specific recital stating that the board reviewed market compensation data and found the salary reasonable. Attach a one-page market-rate summary to the minute book entry.",{"mistake":377,"why_it_matters":378,"fix":379},"Adopting the resolution after salary payments have already started","Salary paid before board authorization is technically an unauthorized corporate expenditure, creating personal liability for officers who approved payroll and exposing the company to shareholder challenge.","Adopt a formal ratification resolution that explicitly approves all prior payments and establishes the going-forward authorization, with the retroactive date clearly stated.",{"mistake":381,"why_it_matters":382,"fix":383},"Missing or incorrect quorum recital","A resolution adopted without quorum is void under most corporate statutes. If the quorum requirement is understated or directors are listed who did not actually attend, the resolution's validity can be challenged in litigation or audit.","Count the directors present before the meeting starts, confirm it meets the bylaw minimum, and list each name individually in the resolution rather than using a collective reference.",{"mistake":385,"why_it_matters":386,"fix":387},"President self-certifying the resolution","When the president also serves as sole director or certifies the resolution setting their own salary, it creates a self-dealing red flag that minority shareholders, lenders, and tax authorities will scrutinize.","Have an independent director or the corporate secretary — someone other than the president — certify the resolution. If the president is the only director, consider engaging outside counsel to document the governance process.",{"mistake":389,"why_it_matters":390,"fix":391},"Failing to file the resolution in the minute book","A signed resolution that is never filed provides little protection. Lenders, auditors, and acquirers conducting due diligence will request the minute book; missing resolutions trigger adverse findings and delay transactions.","Establish a practice of filing every signed resolution in the minute book within 30 days of adoption and maintaining a resolution index with dates and subjects.",{"mistake":393,"why_it_matters":394,"fix":395},"Using a generic template without adapting for the governing jurisdiction","Quorum thresholds, written consent rules, and reasonableness standards differ by state, province, and country. A resolution valid in Delaware may not satisfy Ontario's Business Corporations Act or UK Companies Act requirements.","Review your jurisdiction's corporate statute and bylaws before finalizing the resolution, and have a local corporate lawyer review it if the salary is material or the company operates in multiple jurisdictions.",[397,400,403,406,409,412,415,418,421],{"question":398,"answer":399},"What is a board resolution fixing the president's salary?","A board resolution fixing the president's salary is a formal written decision by a corporation's board of directors that officially approves the compensation payable to the president. It records the salary amount, payment frequency, and effective date, and provides the corporate authorization required before payroll can lawfully make payments at that rate. It is filed in the company's minute book as a permanent governance record.\n",{"question":401,"answer":402},"Is a board resolution required to pay the president a salary?","In most jurisdictions, corporate bylaws require the board to authorize officer compensation before it is paid. Without a resolution, salary payments to the president lack formal corporate authorization and may be treated as unauthorized distributions, creating personal liability for the officers who approved payroll. Lenders, auditors, and tax authorities routinely request the resolution as proof of authorization.\n",{"question":404,"answer":405},"Can the president vote on their own salary resolution?","In most jurisdictions, a director who is also the president has a conflict of interest in a vote on their own compensation. Best practice — and in some jurisdictions, a statutory requirement — is to have the interested director recuse themselves and let the remaining independent directors vote. In a single-director corporation where the president is the only director, the decision is technically valid but should be documented carefully and reviewed by counsel to protect against challenge.\n",{"question":407,"answer":408},"What salary amount is considered 'reasonable' for tax purposes?","Tax authorities, particularly the IRS in the US and the CRA in Canada, apply a reasonableness standard to officer compensation deducted as a business expense. Reasonable compensation is generally what a similarly qualified person would receive for the same services in an arm's-length transaction. Supporting documentation — market salary surveys, industry benchmarks, and a board-level reasonableness finding in the resolution — strengthens the deductibility of the expense and reduces audit risk.\n",{"question":410,"answer":411},"Can a board resolution be adopted without holding a physical meeting?","Yes. Most corporate statutes permit directors to adopt resolutions by written consent in lieu of a meeting, provided all directors (or in some jurisdictions, the required majority) sign the written consent. Check your specific bylaws and applicable corporate statute to confirm whether unanimous or majority consent is required and whether electronic signatures are acceptable.\n",{"question":413,"answer":414},"How should a board resolution be stored after signing?","The signed original should be filed in the corporation's official minute book — a physical or electronic binder containing all resolutions, meeting minutes, share registers, and constitutional documents. A certified copy should be provided to the payroll department and the company's accountant. Most corporate statutes require minute books to be kept at the registered office and available for inspection by directors and shareholders.\n",{"question":416,"answer":417},"What happens if the president's salary is changed mid-year?","A new board resolution must be adopted to authorize the changed amount. The new resolution should reference the prior resolution, state the revised salary, and specify a new effective date aligned with a pay-period start. The payroll department should not implement the change until the signed resolution is on file. Both resolutions should be retained in the minute book.\n",{"question":419,"answer":420},"Does this resolution need to be notarized?","Notarization is not typically required for a standard board resolution in most North American and UK jurisdictions. However, some banks, foreign counterparties, or government agencies may request a notarized or apostilled copy as part of their verification process. If the resolution will be used in a cross-border transaction, confirm the target jurisdiction's requirements before finalizing the document.\n",{"question":422,"answer":423},"Can a sole director adopt this resolution alone?","In many jurisdictions, a corporation with a single director can act by resolution of that one director, who constitutes the entire board and therefore a quorum. The resolution should state that the sole director is the sole member of the board and that quorum is accordingly met. Because the sole director is typically also the president, the self-dealing concern is heightened — thorough reasonableness documentation and an annual review by an accountant or lawyer are strongly recommended.\n",[425,429,433,437],{"industry":426,"icon_asset_id":427,"specifics":428},"Professional Services","industry-professional-services","Law firms, accounting firms, and consultancies structured as professional corporations must document president compensation separately from partner draws to satisfy both tax and regulatory requirements.",{"industry":430,"icon_asset_id":431,"specifics":432},"Technology / SaaS","industry-saas","Venture-backed startups often set founder-president salaries below market at incorporation and increase them with each funding round — each change requires a new board resolution approved by investor-appointed directors.",{"industry":434,"icon_asset_id":435,"specifics":436},"Healthcare","industry-healthtech","Medical and dental professional corporations face heightened CRA and IRS scrutiny on owner-officer compensation; documented resolutions with market-rate reasonableness analysis are essential to defend the deduction.",{"industry":438,"icon_asset_id":439,"specifics":440},"Manufacturing","industry-manufacturing","Family-owned manufacturers with multiple shareholder-officers need board resolutions for each officer's salary to demonstrate arm's-length compensation and protect against related-party challenge during acquisition due diligence.",[442,444,447,450],{"vs":245,"vs_template_id":246,"summary":443},"An executive employment agreement is a bilateral contract between the corporation and the president that covers salary, bonus, benefits, IP, non-compete, and severance. A board resolution is a unilateral corporate act that authorizes compensation but does not create a bilateral obligation or include restrictive covenants. In practice, both documents are needed — the resolution provides corporate authorization; the employment agreement binds the executive to the terms.",{"vs":249,"vs_template_id":445,"summary":446},"","A resolution fixing officers' salaries covers multiple officer roles — president, secretary, treasurer, and vice presidents — in a single document. The president-specific resolution is used when only the president's compensation is being set or changed, or when the board prefers to keep individual officer compensation records separate. Use the multi-officer form for annual omnibus salary reviews.",{"vs":448,"vs_template_id":445,"summary":449},"Minutes of a Board Meeting","Board meeting minutes are a narrative record of everything discussed and decided at a meeting — agenda items, debate, votes, and actions. A board resolution is a standalone formal record of a single specific decision. Minutes may incorporate resolutions verbatim, but a standalone resolution is easier to extract, certify, and present to third parties such as banks or auditors without disclosing unrelated board discussions.",{"vs":451,"vs_template_id":445,"summary":452},"Written Consent in Lieu of Board Meeting","A written consent achieves the same legal effect as a resolution adopted at a meeting but without convening directors in person or by conference. The president's salary resolution template can be adapted to either format. Written consent is faster and suitable for non-contentious salary approvals; a formal meeting is preferable when the decision is material, contested, or requires documented deliberation for governance purposes.",{"use_template":454,"template_plus_review":458,"custom_drafted":462},{"best_for":455,"cost":456,"time":457},"Closely held corporations with a straightforward salary adjustment, a sole director, or a small board of aligned shareholders","Free","15–30 minutes",{"best_for":459,"cost":460,"time":461},"Companies with investor-appointed directors, material salary changes, or operations in multiple jurisdictions requiring consistent governance documentation","$200–$500","1–2 days",{"best_for":463,"cost":464,"time":465},"Public companies, heavily regulated industries, cross-border corporations, or situations involving a conflict-of-interest challenge or litigation risk","$500–$2,000+","3–7 days",[467,472,477,482],{"code":468,"name":469,"flag_asset_id":470,"note":471},"us","United States","flag-us","Under the Internal Revenue Code, officer compensation is deductible only if it is 'reasonable' and constitutes payment for actual services rendered. The IRS scrutinizes owner-officer salaries in closely held S-corporations and C-corporations, particularly where salary and dividend distributions are mixed. State corporate statutes vary on quorum and written consent requirements — Delaware permits majority written consent; many other states require unanimity.",{"code":473,"name":474,"flag_asset_id":475,"note":476},"ca","Canada","flag-ca","Provincial Business Corporations Acts (federal CBCA and provincial equivalents in Ontario, British Columbia, Alberta, etc.) authorize boards to fix officer remuneration. The CRA applies a reasonableness test to management fees and salaries paid to owner-managers; supporting documentation including a board resolution is required to defend the deduction. Quebec corporations must comply with the Business Corporations Act (Quebec) and should ensure resolutions are bilingual where required by organizational practice.",{"code":478,"name":479,"flag_asset_id":480,"note":481},"uk","United Kingdom","flag-uk","Under the Companies Act 2006, directors' remuneration must be approved in accordance with the company's articles of association. For public companies, directors' remuneration reports and shareholder approval are required. Private limited companies typically authorize director/officer compensation by board resolution under the articles. HMRC scrutinizes salary versus dividend splits for owner-managed companies, making documented board authorization important for tax purposes.",{"code":483,"name":484,"flag_asset_id":485,"note":486},"eu","European Union","flag-eu","Corporate governance requirements for officer compensation vary significantly by member state. Germany requires supervisory board approval for management board remuneration; France mandates specific formalities for dirigeant compensation in SAS and SA structures. The EU Shareholder Rights Directive II requires listed companies to adopt and publish remuneration policies with shareholder votes. For private SMEs, local company law governs — confirm the applicable national statute before relying on this template.",[246,488,489,490,491,492,493,494,495,237,496,497],"employment-agreement_at-will-employee-D541","job-offer-letter-long-D12769","non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","employee-handbook-D712","small-business-expense-report-D13396","financial-projections_12-months-D360","purchase-order-D1411","strategic-planning-template-D13857","employee-dismissal-letter-D508",{"emit_how_to":202,"emit_defined_term":202},{"primary_folder":500,"secondary_folder":501,"document_type":502,"industry":503,"business_stage":504,"tags":505,"confidence":510},"business-administration","board-governance","resolution","general","all-stages",[506,507,508,509],"governance","board-resolution","compensation","corporate-records",0.95,"\u003Ch2>What is a Board Resolution Fixing the President's Salary?\u003C/h2>\n\u003Cp>A \u003Cstrong>Board Resolution Fixing the President's Salary\u003C/strong> is a formal corporate document in which a company's board of directors votes to approve and officially record the annual compensation payable to the president. It is a binding corporate act — not merely a formality — that provides the legal authorization required before payroll can issue salary payments at the approved rate. The resolution identifies the president by name, states the exact compensation amount and payment frequency, confirms the effective date, and is signed by the required directors and certified by the corporate secretary before being filed in the company's minute book.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Paying the president a salary without a board resolution on file exposes the corporation to multiple simultaneous risks. Tax authorities — the IRS in the United States and the CRA in Canada — can disallow the salary deduction entirely if there is no documented board authorization and no recorded reasonableness finding, treating the payments instead as non-deductible distributions and triggering back taxes and penalties. Banks routinely require a certified copy of the resolution when opening corporate accounts, approving loans, or processing large payroll changes. In the event of a shareholder dispute or acquisition due diligence, missing resolutions for executive compensation are among the most common governance deficiencies identified — and the most difficult to remedy retroactively. This template gives you a complete, correctly structured resolution you can finalize in under 30 minutes, sign, and file with confidence that your corporate records reflect proper board-level authorization.\u003C/p>\n",1781186026190]