|
|
![]() | ![]() | ![]() | ![]() |
These excerpts taken from the BP F-3ASR filed Dec 1, 2008. Section 8.2 Authority and Duties of Administrator
The Administrator shall have the authority and responsibility to control and manage the aspects of the operation and administration of the Plan which are denoted herein as its responsibility and such other aspects of operation and administration of the Plan as may be determined by the Company from time to time. The Administrator shall have the power and the duty to take all actions and to make all decisions necessary or proper to carry out its responsibilities under the Plan, but in no event shall the Administrator vote or dispose of shares except at the direction of Participants or as otherwise expressly provided in the Plan. Notwithstanding any other provision of the Plan, the Administrator shall not be liable for its inability to buy or sell ADS Shares on behalf of the Plan as a result of the closure of one or more of the markets on which the ADS Shares are traded.
Section 8.2 Authority and Duties of Administrator The Administrator shall have the authority and responsibility to control and manage the aspects of the operation and administration of the Plan which are denoted herein as its responsibility and such other aspects of operation and administration of the Plan as may be determined by the Company from time to time. The Administrator shall have the power and the duty to take all actions and to make all
These excerpts taken from the BP F-3 filed Nov 18, 2008. Section 8.2 Authority and Duties of Administrator
The Administrator shall have the authority and responsibility to control and manage the aspects of the operation and administration of the Plan which are denoted herein as its responsibility and such other aspects of operation and administration of the Plan as may be determined by the Company from time to time. The Administrator shall have the power and the duty to take all actions and to make all decisions necessary or proper to carry out its responsibilities under the Plan, but in no event shall the Administrator vote or dispose of shares except at the direction of Participants or as otherwise expressly provided in the Plan. Notwithstanding any other provision of the Plan, the Administrator shall not be liable for its inability to buy or sell ADS Shares on behalf of the Plan as a result of the closure of one or more of the markets on which the ADS Shares are traded.
Section 8.2 Authority and Duties of Administrator The Administrator shall have the authority and responsibility to control and manage the aspects of the operation and administration of the Plan which are denoted herein as its responsibility and such other aspects of operation and administration of the Plan as may be determined by the Company from time to time. The Administrator shall have the power and the duty to take all actions and to make all
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for BP: |
| |||||||