BP » Topics » Section 5.6-4 Ex-Dividend Date and Termination of Plan Participation

These excerpts taken from the BP F-3ASR filed Dec 1, 2008.
Section 5.6-4 Ex-Dividend Date and Termination of Plan Participation

If the Administrator receives a request to terminate participation in the Plan and the request is received on or after an Ex-Dividend Date but before the related Dividend Payment Date, the termination shall be processed promptly and the Plan Shares transferred to the Participant as Record Shares. As soon as practicable following the receipt of Dividends allocable to the transferred Plan Shares, the Administrator, in accordance with the terminating Participant’s applicable Dividend payment method, shall arrange either (a) to reinvest the Dividend and register the ADS Shares so purchased as Record Shares, or (b) to transmit the Dividend to the Participant via electronic funds transfer, or failing that, by check. After termination, Dividends will be paid and transmitted via check or, where electronic funds transfer was the Dividend payment method for the terminated Plan Account, via electronic funds transfer. Record Shares will not be eligible for Dividend Reinvestment unless and until the Record Shareholder again enrolls in the Plan.

 

Section 5.6-4 Ex-Dividend Date and Termination of Plan Participation



If the Administrator receives a request to terminate participation in the Plan and the request is received on or after an Ex-Dividend Date but before the related Dividend Payment Date, the termination shall be processed promptly and the Plan Shares transferred to the Participant as Record Shares. As soon as practicable following the receipt of Dividends allocable to the transferred Plan Shares, the
Administrator, in accordance with the terminating Participant’s applicable Dividend payment method, shall arrange either (a) to reinvest the Dividend and register the ADS Shares so purchased as Record Shares, or (b) to transmit the Dividend to the Participant via electronic funds transfer, or failing that, by check. After termination, Dividends will be paid and transmitted via check or, where electronic funds transfer was the Dividend payment method for the terminated Plan
Account, via electronic funds transfer. Record Shares will not be eligible for Dividend Reinvestment unless and until the Record Shareholder again enrolls in the Plan.



 



These excerpts taken from the BP F-3 filed Nov 18, 2008.
Section 5.6-4 Ex-Dividend Date and Termination of Plan Participation

If the Administrator receives a request to terminate participation in the Plan and the request is received on or after an Ex-Dividend Date but before the related Dividend Payment Date, the termination shall be processed promptly and the Plan Shares transferred to the Participant as Record Shares. As soon as practicable following the receipt of Dividends allocable to the transferred Plan Shares, the Administrator, in accordance with the terminating Participant’s applicable Dividend payment method, shall arrange either (a) to reinvest the Dividend and register the ADS Shares so purchased as Record Shares, or (b) to transmit the Dividend to the Participant via electronic funds transfer, or failing that, by check. After termination, Dividends will be paid and transmitted via check or, where electronic funds transfer was the Dividend payment method for the terminated Plan Account, via electronic funds transfer. Record Shares will not be eligible for Dividend Reinvestment unless and until the Record Shareholder again enrolls in the Plan.

 

Section 5.6-4 Ex-Dividend Date and Termination of Plan Participation



If the Administrator receives a request to terminate participation in the Plan and the request is received on or after an Ex-Dividend Date but before the related Dividend Payment Date, the termination shall be processed promptly and the Plan Shares transferred to the Participant as Record Shares. As soon as practicable following the receipt of Dividends allocable to the transferred Plan Shares, the
Administrator, in accordance with the terminating Participant’s applicable Dividend payment method, shall arrange either (a) to reinvest the Dividend and register the ADS Shares so purchased as Record Shares, or (b) to transmit the Dividend to the Participant via electronic funds transfer, or failing that, by check. After termination, Dividends will be paid and transmitted via check or, where electronic funds transfer was the Dividend payment method for the terminated Plan
Account, via electronic funds transfer. Record Shares will not be eligible for Dividend Reinvestment unless and until the Record Shareholder again enrolls in the Plan.



 



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