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BP » Topics » Payment of cash equivalent amounts

This excerpt taken from the BP 20-F filed Jun 30, 2005.

Payment of cash equivalent amounts

2.1    The Committee may, at its absolute discretion, permit a Participant to be paid a cash equivalent to the value of the Shares to which he would have been entitled under the Share Option Element or the Share Element of the Plan.


THE BP EXECUTIVE DIRECTORS' INCENTIVE PLAN





(Adopted by shareholders at the Annual General Meeting on 13th April 2000)

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