This excerpt taken from the BP 20-F filed Jun 30, 2005.
DURATION OF EMPLOYMENT
3
(A)
This
Agreement shall be deemed to have commenced on November 1, 1993 (the 'Commencement
Date') and shall continue, subject as hereinafter provided, until terminated at any time by either the Company giving to the Executive not less than twelve (12) months written notice or the
Executive giving the Company not less than twelve (12)(or such lesser number as the Company and the Executive may agree) months written notice.
(B)
This
Agreement shall automatically terminate (if not already terminated) upon the day immediately before the Executive's sixtieth (60th) birthday or such other date as the Company and
the Executive may agree in writing.
(C)
This
Agreement shall further be subject to termination pursuant to Clause 10 hereof.
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