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RESOLUTION TO APPROVE CONTINGENCY FEE AGREEMENT AND AUTHORIZE LITIGATION WHEREAS the vaping epidemic among our Nations students has increased at an alarming rate. WHEREAS, through their deceptive

How to fill out resolution to approve contingency

How to fill out resolution to approve contingency

1. Step 1: Begin by clearly stating the purpose of the resolution, which is to approve the contingency.
2. Step 2: Include the date of the resolution at the top.
3. Step 3: State the context or background for the contingency that needs approval.
4. Step 4: Clearly outline the terms of the contingency that is being approved, specifying any relevant details.
5. Step 5: Indicate who is responsible for implementing the contingency once approved.
6. Step 6: Provide a section for signatures of the approving parties.
7. Step 7: Review the resolution for clarity and completeness before final submission.

Who needs resolution to approve contingency?

1. The board of directors or management team who will authorize the contingency.
2. Stakeholders who require formal approval for planning or decision-making purposes.
3. Legal or compliance teams who need to ensure that the resolution adheres to regulation.
4. Any individuals or departments directly affected by the contingency.

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What is resolution to approve contingency?

A resolution to approve contingency is a formal declaration or decision made by an organization, typically related to the allocation of funds or resources for unforeseen events or contingencies.

Who is required to file resolution to approve contingency?

Generally, the organization’s governing body, such as the board of directors or an authorized official, is required to file the resolution to approve contingency.

How to fill out resolution to approve contingency?

To fill out the resolution, include the title, the date, the parties involved, a detailed explanation of the contingency, the amount of funding allocated, and signatures of the authorized individuals.

What is the purpose of resolution to approve contingency?

The purpose of the resolution is to ensure that there is a formal authorization for using funds or making decisions related to unexpected situations that may arise.

What information must be reported on resolution to approve contingency?

The resolution must report the purpose of the contingency, the estimated costs, the source of funding, the parties responsible for managing the contingency, and the date of approval.