Below is the  Board Resolution Approving Grant Of Optionstemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link. 

BOARD RESOLUTION OF [YOUR COMPANY NAME] APPROVING GRANT OF STOCK OPTIONS

DULY PASSED ON [DATE]



GRANT OF STOCK OPTIONS

WHEREAS, the Board of Directors of [YOUR COMPANY NAME] has determined that it is in this companys best interest to grant incentive stock options and nonqualified stock options to certain key employees and directors of [YOUR COMPANY NAME] under the companys Stock Option Plan (the Plan).

RESOLVED, that the Board of Directors hereby determines that the fair market value of this companys Common Stock on the grant dates of each of the options set forth is [AMOUNT] per share.

RESOLVED FURTHER, that the option grants, vesting schedule, and other terms set forth below, and they hereby are, ratified and approved, and subject to such other provisions as are contained in the Plan and in this companys standard form Option Agreement [OR NONQUALIFIED STOCK OPTION AGREEMENT], as indicated.


Name of Optionee
No. of Shares Subject to Option
Vesting Schedule















RESOLVED FURTHER, that the officers of this company are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of the foregoing resolutions.

RESOLVED FURTHER, that any actions taken by such officers prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby are hereby ratified, confirmed and approved as the acts and deed of this company.

It is hereby certified by the undersigned that the foregoing resolution was duly passed by the Board of Directors of the above-named Company on the [DAY] day of [MONTH, YEAR], in accordance with the Memorandum or By-Laws and Articles of Incorporation of the Company and the laws and by-laws governing the Company and that the said resolution has been duly recorded in the Minute Book and is in full force and effect.

Dated:  [DATE]



                          
[DIRECTOR NAME]          [DIRECTOR NAME]    
 

                          
[SECRETARY NAME]          [CHAIRMAN NAME]    

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