Follow the steps to successfully complete the form.

1. Click 'Get Form' button to access the document and open it in the editing interface.
2. In the first section, enter the full name of your business where it states '[Business Name]'. This identifies the entity that is establishing the bonus plan.
3. Next, fill in the name of the Employee as indicated by '[Name of Insured]'. This is the individual who will benefit from the bonus plan.
4. Indicate the desired additional compensation for the calendar year in the designated field. For clarity, specify the exact dollar amount where indicated as '$_______________'.
5. For subsequent years, detail the compensation amount and number of years following the calendar year in the specified fields. Ensure this is clear to avoid any confusion regarding the payment terms.
6. Complete the 'payable within _______ days after the close of each such calendar year' section with the specific number of days in which you intend to make the payments.
7. Confirm the clause stating that additional compensation is contingent upon the Employee being employed on December 31 of the respective year. Ensure this is understood and the clause is retained for clarity.
8. In the final section, identify the appropriate officers who will be authorized to sign the resolution. Include their titles and ensure all required signatures are affixed at the bottom of the document.
9. After completing all fields accurately, review the entire document for any errors and make necessary corrections. Once finalized, save your changes, and download or print the form as needed.

Start completing your Corporate Resolution To Establish Section 162 Executive Bonus Plan online today.