Board resolution adopting a stock option or equity incentive pool for the corporation. The corporate secretary certifies adoption by the board of directors.
The Equity Incentive Plan (Adoption) is a ready-to-use corporate & business template you can send for signature in minutes. It is written for 1 signer (secretary) and, by default, expires 30 days after it is sent if left unsigned. It covers equity, stock options, board resolution, corporate. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
Document Preview
# Equity Incentive Plan (Adoption) ## Board Resolutions of **___________** (the "Company") A ___________ corporation **Date of Action:** ___________ --- ## Recitals The undersigned, being the duly elected and acting Secretary of the Company, hereby certifies that the following resolutions were duly adopted by the Board of Directors of the Company (the "Board") at a ___________ held on ___________, at which a quorum was present and acting throughout. --- ## Resolutions ### RESOLVED: Adoption of Equity Incentive Plan **RESOLVED**, that the Company hereby adopts the ___________ (the "Plan"), in substantially the form presented to the Board, which Plan provides for the grant of stock options, restricted stock, restricted stock units, and other equity-based awards to eligible employees, directors, and consultants of the Company and its subsidiaries. **FURTHER RESOLVED**, that the total number of shares of the Company's ___________ authorized and reserved for issuance under the Plan shall be ___________ shares (the "Share Pool"), subject to adjustment as provided in the Plan. **FURTHER RESOLVED**, that the Share Pool shall represent approximately ___________% of the Company's fully diluted capitalization as of the date of adoption. --- ### RESOLVED: Plan Administrator **RESOLVED**, that the Board, or a committee of the Board consisting of not fewer than ___________ members designated from time to time by the Board (the "Administrator"), shall administer the Plan in accordance with its terms. **FURTHER RESOLVED**, that the Administrator is hereby authorized and directed to: (a) designate eligible participants; (b) determine the number of shares subject to each award; (c) determine the type, terms, and conditions of each award; (d) construe and interpret the Plan; and (e) take all other actions and make all other determinations necessary or advisable in connection with the administration of the Plan. --- ### RESOLVED: Form Award Agreements