Board Resolutions: Adopting a Nonqualified Deferred Compensation Plan | Practical Law
Resolutions of the board of directors adopting a nonqualified deferred compensation plan. These resolutions should be inserted into board minutes or a form of unanimous written consent. They reflect prior approval of the nonqualified deferred compensation plan by the compensation committee of the board of directors. These Standard Clauses have integrated notes with important explanations and drafting tips.