BB&T 2015 Annual Report Download - page 239

ARTICLE II
DEFINITIONS AND CONSTRUCTION
2.1 Defined Terms. Whenever used in this Plan document, the following capitalized terms shall have the meaning set
forth below (unless otherwise indicated by the context), rather than any definition set forth in the Savings Plan.
(1) The term "Account" shall mean the aggregate of the unfunded, separate bookkeeping accounts which are
established and maintained with respect to each Participant pursuant to the provisions of Article VII and which may include the
following such accounts:
(i) a Matching Account; and
(ii) a Salary Reduction Account.
Separate subaccounts shall be established and maintained with respect to each such separate bookkeeping account which shall
include one or more Investment Fund Accounts and, for certain Participants, a Company Stock Account, and which shall be
adjusted in the manner provided in Article VII.
(2) The term "Accrued Benefit" shall mean with respect to each Participant the balance credited to his Account as
of the applicable Adjustment Date following adjustment thereof as provided in Article VII.
(3) The term "Adjustment Date" shall mean each day securities are traded on the New York Stock Exchange,
except regularly scheduled holidays of the Company.
(4) The term "Affiliate" shall mean any employer which, with the Company, would be considered to be a single
employer under Sections 414(b) and 414(c) of the Code, using 50%, rather than 80%, as the percentage of ownership required
with respect to such Code sections. The status of an entity as an Affiliate relates only to the period of time during which the
entity is so affiliated with the Company.
(5) The term "Beneficiary" shall mean the person, persons, or entity designated or determined pursuant to the
provisions of Article XII of the Plan to receive the balance of the Participant's Account under the Plan, if any, after his death.
(6) The term "Board" shall mean the Board of Directors of the Company.
(7) The term "Code" shall mean the Internal Revenue Code of 1986, as amended, and the rules and regulations
issued thereunder.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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