The Boss' sidekicks, The E Street Band, will be inducted at the ceremony in New York City later this month (Apr14), and Springsteen has agreed to do the honours himself, while he will also perform with his group during the show.
Nicks and Underwood will perform a tribute to Linda Ronstadt along with Bonnie Raitt, Emmylou Harris and Sheryl Crow, and Glenn Frey, who played in Ronstadt's backing group with his Eagles bandmate Don Henley, will induct the singer.
However, Ronstadt will be absent from the ceremony due to health issues.
Nirvana will be inducted by R.E.M. star Michael Stipe, Martin will honour Peter Gabriel and Tom Morello will look after Kiss, while The Roots' Questlove will introduce Hall & Oates.
Gabriel and fellow inductee Cat Stevens, now known as Yusuf Islam, will also be among performers during the show at Brooklyn's Barclays Center on 10 April (14), but Kiss have refused to take to the stage following a dispute with organisers.