Under the plan, which is the first of its kind in BP's history, all staff will be entitled to a one-off payment of shares or options to purchase the stock.
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Full benefits after hrs worked. Full time opportunities will be posted and awarded by seniority as they become vacant. Rooney, who took office a year ago, held a company-wide town hall meeting last Tuesday, announcing that all employees will receive shares, according to a spokesman for the company. This is the first program in BP history.
Reuters saw following the town hall meeting. Last year was one of the toughest in the history of the industry, especially for BP. A spokeswoman for the company said BP intends to offset any shareholder dilution that could result from the plan. Employees will not be able to sell their shares until The majority of employees acquire full shares, but approximately 5, middle and senior managers receive share options.