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These excerpts taken from the BP F-3ASR filed Dec 1, 2008. Section 2.6 Dividend Payment Method
Absent any election by a Participant to the contrary, all Dividends allocable to a Participant’s Plan Shares will be reinvested in additional ADS Shares and credited as Plan Shares to his Plan Account pursuant to the provisions of the Plan.
A Participant may, however, elect to have the Dividends allocable to all or any portion of his Plan Shares paid in cash by check or sent by electronic funds transfer to his Bank Account by completing, signing and returning to the Administrator a valid, usable Electronic Funds Transfer Instruction. A Participant may change the Bank Account being credited by delivering a new, valid and usable Electronic Funds Transfer Instruction to the Administrator.
In the event that the designated electronic funds transfer routing or Bank Account identification proves unusable for any reason, the Administrator shall mail a check for the subject Dividend via first class mail to the Participant’s address of record with an advice of the failed transmission and of the resulting inability to execute the deposit of Dividend funds.
Section 2.6 Dividend Payment Method Absent any election by a Participant to the contrary, all Dividends allocable to a Participant’s Plan Shares will be reinvested in additional ADS Shares and credited as Plan Shares to his Plan Account pursuant to the provisions of the Plan.
A Participant may, however, elect to have the Dividends allocable to all or any portion of his Plan Shares paid in cash by check or sent by electronic funds transfer to his Bank Account by completing, signing and returning to the Administrator a valid, usable Electronic Funds Transfer Instruction. A Participant may change the Bank Account being credited by delivering a new, valid and usable Electronic
In the event that the designated electronic funds transfer routing or Bank Account identification proves unusable for any reason, the Administrator shall mail a check for the subject Dividend via first class mail to the Participant’s address of record with an advice of the failed transmission and of the resulting inability to execute the deposit of Dividend funds.
These excerpts taken from the BP F-3 filed Nov 18, 2008. Section 2.6 Dividend Payment Method
Absent any election by a Participant to the contrary, all Dividends allocable to a Participant’s Plan Shares will be reinvested in additional ADS Shares and credited as Plan Shares to his Plan Account pursuant to the provisions of the Plan.
A Participant may, however, elect to have the Dividends allocable to all or any portion of his Plan Shares paid in cash by check or sent by electronic funds transfer to his Bank Account by completing, signing and returning to the Administrator a valid, usable Electronic Funds Transfer Instruction. A Participant may change the Bank Account being credited by delivering a new, valid and usable Electronic Funds Transfer Instruction to the Administrator.
In the event that the designated electronic funds transfer routing or Bank Account identification proves unusable for any reason, the Administrator shall mail a check for the subject Dividend via first class mail to the Participant’s address of record with an advice of the failed transmission and of the resulting inability to execute the deposit of Dividend funds.
Section 2.6 Dividend Payment Method Absent any election by a Participant to the contrary, all Dividends allocable to a Participant’s Plan Shares will be reinvested in additional ADS Shares and credited as Plan Shares to his Plan Account pursuant to the provisions of the Plan.
A Participant may, however, elect to have the Dividends allocable to all or any portion of his Plan Shares paid in cash by check or sent by electronic funds transfer to his Bank Account by completing, signing and returning to the Administrator a valid, usable Electronic Funds Transfer Instruction. A Participant may change the Bank Account being credited by delivering a new, valid and usable Electronic
In the event that the designated electronic funds transfer routing or Bank Account identification proves unusable for any reason, the Administrator shall mail a check for the subject Dividend via first class mail to the Participant’s address of record with an advice of the failed transmission and of the resulting inability to execute the deposit of Dividend funds.
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