A policy for designating the persons who are authorized to execute and approve contracts on behalf of the company. This policy defines an authorized signatory and establishes procedures for delegating signature and approval authority, including placing limits on the scope of that authority. It also sets out general responsibilities for authorized signatories when reviewing, approving, and executing company contracts. This Standard Document is intended to be used by employers with their nonunionized workforce. This Standard Document has integrated notes with important explanations and drafting tips.