BP » Topics » Section 8.6 Authority and Duties of Nominee

These excerpts taken from the BP F-3ASR filed Dec 1, 2008.
Section 8.6 Authority and Duties of Nominee

Any nominee used by the Administrator to serve as the Record Shareholder of any ADS Shares shall take no action except at the direction of the Administrator and shall have no independent authority or responsibility with respect to such shares. In no event shall a nominee have the right

 

15

 

 


to vote or to dispose of the ADS Shares registered in its name, except upon receipt of proper instruction from the Administrator reflecting actions directed by Participants in accordance with their rights under Sections 6.1 and 6.2 or as otherwise expressly provided in the Plan.

 

Section 8.6 Authority and Duties of Nominee



Any nominee used by the Administrator to serve as the Record Shareholder of any ADS Shares shall take no action except at the direction of the Administrator and shall have no independent authority or responsibility with respect to such shares. In no event shall a nominee have the right



 






15



 






 








to vote or to dispose of the ADS Shares registered in its name, except upon receipt of proper instruction from the Administrator reflecting actions directed by Participants in accordance with their rights under Sections 6.1 and 6.2 or as otherwise expressly provided in the Plan.



 



These excerpts taken from the BP F-3 filed Nov 18, 2008.
Section 8.6 Authority and Duties of Nominee

Any nominee used by the Administrator to serve as the Record Shareholder of any ADS Shares shall take no action except at the direction of the Administrator and shall have no independent authority or responsibility with respect to such shares. In no event shall a nominee have the right

 

15

 

 


to vote or to dispose of the ADS Shares registered in its name, except upon receipt of proper instruction from the Administrator reflecting actions directed by Participants in accordance with their rights under Sections 6.1 and 6.2 or as otherwise expressly provided in the Plan.

 

Section 8.6 Authority and Duties of Nominee



Any nominee used by the Administrator to serve as the Record Shareholder of any ADS Shares shall take no action except at the direction of the Administrator and shall have no independent authority or responsibility with respect to such shares. In no event shall a nominee have the right



 






15



 






 








to vote or to dispose of the ADS Shares registered in its name, except upon receipt of proper instruction from the Administrator reflecting actions directed by Participants in accordance with their rights under Sections 6.1 and 6.2 or as otherwise expressly provided in the Plan.



 



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