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BP » Topics » Section 4.2-2 Transferee Not Already a Participant

These excerpts taken from the BP F-3ASR filed Dec 1, 2008.
Section 4.2-2 Transferee Not Already a Participant

If the transferee is not already a Participant as of the date on which Plan Shares are to be credited under this Section 4.2 to his Plan Account, the Administrator shall open a Plan Account in the name of the transferee using the information provided by the transferor, and the Administrator shall send the transferee a Prospectus and any related documentation as soon as reasonably practicable, whereupon the transferee will be eligible to submit Optional Cash Investments to the Plan. Absent direction to the contrary from the transferee, such transferee’s Plan Account shall be a Reinvesting Account.

 

Section 4.2-2 Transferee Not Already a Participant



If the transferee is not already a Participant as of the date on which Plan Shares are to be credited under this Section 4.2 to his Plan Account, the Administrator shall open a Plan Account in the name of the transferee using the information provided by the transferor, and the Administrator shall send the transferee a Prospectus and any related documentation as soon as reasonably practicable,
whereupon the transferee will be eligible to submit Optional Cash Investments to the Plan. Absent direction to the contrary from the transferee, such transferee’s Plan Account shall be a Reinvesting Account.



 



These excerpts taken from the BP F-3 filed Nov 18, 2008.
Section 4.2-2 Transferee Not Already a Participant

If the transferee is not already a Participant as of the date on which Plan Shares are to be credited under this Section 4.2 to his Plan Account, the Administrator shall open a Plan Account in the name of the transferee using the information provided by the transferor, and the Administrator shall send the transferee a Prospectus and any related documentation as soon as reasonably practicable, whereupon the transferee will be eligible to submit Optional Cash Investments to the Plan. Absent direction to the contrary from the transferee, such transferee’s Plan Account shall be a Reinvesting Account.

 

Section 4.2-2 Transferee Not Already a Participant



If the transferee is not already a Participant as of the date on which Plan Shares are to be credited under this Section 4.2 to his Plan Account, the Administrator shall open a Plan Account in the name of the transferee using the information provided by the transferor, and the Administrator shall send the transferee a Prospectus and any related documentation as soon as reasonably practicable,
whereupon the transferee will be eligible to submit Optional Cash Investments to the Plan. Absent direction to the contrary from the transferee, such transferee’s Plan Account shall be a Reinvesting Account.



 



EXCERPTS ON THIS PAGE:

F-3ASR (2 sections)
Dec 1, 2008
F-3 (2 sections)
Nov 18, 2008

RELATED TOPICS for BP:

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