BP » Topics » Section 2.4 Optional Cash Investments

These excerpts taken from the BP F-3ASR filed Dec 1, 2008.
Section 2.4 Optional Cash Investments

A Participant may elect to make occasional or ongoing cash investments in the Plan for the purchase of additional Plan Shares at any time or from time to time by personal check payable to the Administrator, or by electronic funds transfer under Section 2.5 to the Administrator (such optional cash investment is herein referred to as an “Optional Cash Investment”); provided, however, that any personal check must be accompanied by, and any electronic funds transfer must be preceded by, documentation acceptable to the Administrator. At the election of the Participant, ongoing Optional Cash Investments by electronic funds transfer may be made on a regular basis on the first or fifteenth day of each month (or, if such day is not a Business Day, on the next Business Day).

 

Any Participant who elects to make Optional Cash Investments must invest at least fifty dollars ($50) for any single investment. The sum of any Initial Cash Investment plus all Optional Cash Investments made by any Participant in any calendar year shall not exceed two hundred fifty thousand dollars ($250,000). In the event that a check is returned because of insufficient funds to cover the check, a fee shall be charged to the Participant per published fee schedules, and the

 

6

 

 


Administrator shall so advise the Participant of the returned check and of the Administrator’s resulting inability to execute the transactions requested.

 

Section 2.4 Optional Cash Investments



A Participant may elect to make occasional or ongoing cash investments in the Plan for the purchase of additional Plan Shares at any time or from time to time by personal check payable to the Administrator, or by electronic funds transfer under Section 2.5 to the Administrator (such optional cash investment is herein referred to as an “Optional Cash Investment”); provided, however, that
any personal check must be accompanied by, and any electronic funds transfer must be preceded by, documentation acceptable to the Administrator. At the election of the Participant, ongoing Optional Cash Investments by electronic funds transfer may be made on a regular basis on the first or fifteenth day of each month (or, if such day is not a Business Day, on the next Business Day).



 



Any Participant who elects to make Optional Cash Investments must invest at least fifty dollars ($50) for any single investment. The sum of any Initial Cash Investment plus all Optional Cash Investments made by any Participant in any calendar year shall not exceed two hundred fifty thousand dollars ($250,000). In the event that a check is returned because of insufficient funds to cover the check, a
fee shall be charged to the Participant per published fee schedules, and the



 






6



 






 








Administrator shall so advise the Participant of the returned check and of the Administrator’s resulting inability to execute the transactions requested.



 



These excerpts taken from the BP F-3 filed Nov 18, 2008.
Section 2.4 Optional Cash Investments

A Participant may elect to make occasional or ongoing cash investments in the Plan for the purchase of additional Plan Shares at any time or from time to time by personal check payable to the Administrator, or by electronic funds transfer under Section 2.5 to the Administrator (such optional cash investment is herein referred to as an “Optional Cash Investment”); provided, however, that any personal check must be accompanied by, and any electronic funds transfer must be preceded by, documentation acceptable to the Administrator. At the election of the Participant, ongoing Optional Cash Investments by electronic funds transfer may be made on a regular basis on the first or fifteenth day of each month (or, if such day is not a Business Day, on the next Business Day).

 

Any Participant who elects to make Optional Cash Investments must invest at least fifty dollars ($50) for any single investment. The sum of any Initial Cash Investment plus all Optional Cash Investments made by any Participant in any calendar year shall not exceed two hundred fifty thousand dollars ($250,000). In the event that a check is returned because of insufficient funds to cover the check, a fee shall be charged to the Participant per published fee schedules, and the

 

6

 

 


Administrator shall so advise the Participant of the returned check and of the Administrator’s resulting inability to execute the transactions requested.

 

Section 2.4 Optional Cash Investments



A Participant may elect to make occasional or ongoing cash investments in the Plan for the purchase of additional Plan Shares at any time or from time to time by personal check payable to the Administrator, or by electronic funds transfer under Section 2.5 to the Administrator (such optional cash investment is herein referred to as an “Optional Cash Investment”); provided, however, that
any personal check must be accompanied by, and any electronic funds transfer must be preceded by, documentation acceptable to the Administrator. At the election of the Participant, ongoing Optional Cash Investments by electronic funds transfer may be made on a regular basis on the first or fifteenth day of each month (or, if such day is not a Business Day, on the next Business Day).



 



Any Participant who elects to make Optional Cash Investments must invest at least fifty dollars ($50) for any single investment. The sum of any Initial Cash Investment plus all Optional Cash Investments made by any Participant in any calendar year shall not exceed two hundred fifty thousand dollars ($250,000). In the event that a check is returned because of insufficient funds to cover the check, a
fee shall be charged to the Participant per published fee schedules, and the



 






6



 






 








Administrator shall so advise the Participant of the returned check and of the Administrator’s resulting inability to execute the transactions requested.



 



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