BB&T 2015 Annual Report Download - page 238

Plan to the extent that such benefits are curtailed by the application of certain limits imposed by the Code. The Plan is also intended to
provide certain participants in the Company's executive incentive compensation plans with an effective means of deferring a portion of
the payments they are entitled to receive under such plans on a pre-tax basis. All benefits from the Plan shall be payable solely from the
general assets of the Company and participating Affiliates. The Plan is comprised of both an "excess benefit plan" within the meaning
of Section 3(36) of ERISA and an unfunded plan maintained for the purpose of providing deferred compensation to a "select group of
management or highly compensated employees" within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA. The Plan,
therefore, is intended to be exempt from the participation, vesting, funding, and fiduciary requirements of Title I of ERISA.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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