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BP » Topics » Payment of Benefits

These excerpts taken from the BP 11-K filed Jun 23, 2009.

Payment of Benefits

Participants may elect to receive in-service withdrawals subject to various restrictions as described in the Plan document. Upon termination of employment, subject to a minimum account balance, a participant may elect to receive his or her vested account balance in a lump sum payment or in annual installments. A participant may also elect to defer receipt of his or her vested account balance, partially or wholly, to a later date.

Payment of Benefits



Participants may elect to receive in-service withdrawals subject to various restrictions as described in the Plan document. Upon termination of employment, subject to a minimum account balance, a participant may elect to receive his or her vested account balance in a lump sum payment or in annual installments. A participant may also elect to defer receipt of his or her vested account balance, partially or wholly,
to a later date.



EXCERPTS ON THIS PAGE:

11-K (2 sections)
Jun 23, 2009

RELATED TOPICS for BP:

"Payment of Benefits" elsewhere:

Cabot Oil & Gas (COG)
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