Open all windows in the room and put on gloves, goggles and a respirator. Polyurethane gives off very toxic fumes, so proper ventilation and precaution are paramount for your safety.
Stir the polyurethane with a paint stirrer. Never shake the can -- this will create bubbles that may get trapped in the finish. Stir gently until any sediment at the bottom of the can is thoroughly mixed.
Pour a small amount of the polyurethane directly onto the countertop. Spread the polyurethane in a thin, even coat with a foam or lamb's wool applicator. Completely coat the countertop with the polyurethane.
Allow the first coat of polyurethane to dry completely. As it dries, it may bubble up or raise the grain of the wood slightly. Lightly sand the countertop with a piece of 400-grit sandpaper.
Wipe away the dust from the sanding process with a tack cloth. Apply additional coats of polyurethane -- if the counter is going to be used heavily, apply about five coats. Lightly scuff the polyurethane with the sandpaper between each coat, except for the second-to-last coat.