Plans Providing Future Benefits
Future benefits plans offer employees the benefit of having the company pay directly or through an insurer some of their current expenses. Form 6340 is a board resolution for an educational loan program.~

Form 6340:     BOARD OF DIRECTORS' RESOLUTION AUTHORIZING EDUCATIONAL LOAN PLAN~
BOARD OF DIRECTORS' RESOLUTION AUTHORIZING EDUCATIONAL LOAN PLAN

Upon a duly made, seconded and unanimously adopted motion, the Board of Directors of this Corporation adopted the following resolution:
WHEREAS, the Board of Directors' Compensation Committee has made a written recommendation that the Corporation establish an educational loan plan  under which employees would, if they will so desire, receive financial assistance from the Corporation for the purpose of financing the education of their children, and
WHEREAS, the Board of Directors concludes that the establishment of such a program would enable the Corporation to attract and retain highly qualified, desirable employees, it is hereby
RESOLVED, that the "Educational Loan Assistance Plan for the Benefit of the Children of the Employees of > Corporation," recommended by the Compensation Committee, a copy of which is attached to the minutes of this meeting, be and hereby is approved, adopted and accepted by the Board of Directors, and it is
FURTHER RESOLVED, that the President of this Corporation is hereby directed to take all steps necessary to bring the aforesaid Plan into existence.
The undersigned, > , certifies that I am the duly appointed Secretary of > Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on > , 19> , and that such resolution is now in full force and effect.
IN WITNESS THEREOF, I have affixed my name as Secretary of > Corporation and have attached the seal of > Corporation to this resolution.

Secretary
Dated: > , 19> .
(SEAL)