BP » Topics » Section 5.6-3 Ex-Dividend Date and Instructions to Transfer

These excerpts taken from the BP F-3ASR filed Dec 1, 2008.
Section 5.6-3 Ex-Dividend Date and Instructions to Transfer

If (a) the Administrator receives an instruction for the transfer of Plan Shares on or after an Ex-Dividend Date but before the related Dividend Payment Date, or (b) a transfer occurs on or after an Ex-Dividend Date but before the related Dividend Payment Date, any such transfer shall be processed without Dividend rights to the transferee of the shares. As soon as practicable following the receipt of Dividends allocable to such Plan Shares, the Administrator shall, in accordance with the transferor Participant’s applicable Dividend payment method, either (a) reinvest the Dividend (and then, if the transferor Participant’s Plan Account has been terminated, shall sell the Plan Shares so purchased, remitting to the Participant a check for the Market Sale Price for the relevant trading day multiplied by the number of Plan Shares so sold, less any applicable fees and expenses and/or withholdings required by law), or (b) transmit the Dividend to the transferor Participant’s Bank Account via electronic funds transfer.

 

Section 5.6-3 Ex-Dividend Date and Instructions to Transfer



If (a) the Administrator receives an instruction for the transfer of Plan Shares on or after an Ex-Dividend Date but before the related Dividend Payment Date, or (b) a transfer occurs on or after an Ex-Dividend Date but before the related Dividend Payment Date, any such transfer shall be processed without Dividend rights to the transferee of the shares. As soon as practicable following the receipt of
Dividends allocable to such Plan Shares, the Administrator shall, in accordance with the transferor Participant’s applicable Dividend payment method, either (a) reinvest the Dividend (and then, if the transferor Participant’s Plan Account has been terminated, shall sell the Plan Shares so purchased, remitting to the Participant a check for the Market Sale Price for the relevant trading day multiplied by the number of Plan Shares so sold, less any applicable fees and
expenses and/or withholdings required by law), or (b) transmit the Dividend to the transferor Participant’s Bank Account via electronic funds transfer.



 



These excerpts taken from the BP F-3 filed Nov 18, 2008.
Section 5.6-3 Ex-Dividend Date and Instructions to Transfer

If (a) the Administrator receives an instruction for the transfer of Plan Shares on or after an Ex-Dividend Date but before the related Dividend Payment Date, or (b) a transfer occurs on or after an Ex-Dividend Date but before the related Dividend Payment Date, any such transfer shall be processed without Dividend rights to the transferee of the shares. As soon as practicable following the receipt of Dividends allocable to such Plan Shares, the Administrator shall, in accordance with the transferor Participant’s applicable Dividend payment method, either (a) reinvest the Dividend (and then, if the transferor Participant’s Plan Account has been terminated, shall sell the Plan Shares so purchased, remitting to the Participant a check for the Market Sale Price for the relevant trading day multiplied by the number of Plan Shares so sold, less any applicable fees and expenses and/or withholdings required by law), or (b) transmit the Dividend to the transferor Participant’s Bank Account via electronic funds transfer.

 

Section 5.6-3 Ex-Dividend Date and Instructions to Transfer



If (a) the Administrator receives an instruction for the transfer of Plan Shares on or after an Ex-Dividend Date but before the related Dividend Payment Date, or (b) a transfer occurs on or after an Ex-Dividend Date but before the related Dividend Payment Date, any such transfer shall be processed without Dividend rights to the transferee of the shares. As soon as practicable following the receipt of
Dividends allocable to such Plan Shares, the Administrator shall, in accordance with the transferor Participant’s applicable Dividend payment method, either (a) reinvest the Dividend (and then, if the transferor Participant’s Plan Account has been terminated, shall sell the Plan Shares so purchased, remitting to the Participant a check for the Market Sale Price for the relevant trading day multiplied by the number of Plan Shares so sold, less any applicable fees and
expenses and/or withholdings required by law), or (b) transmit the Dividend to the transferor Participant’s Bank Account via electronic funds transfer.



 



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