BB&T 2015 Annual Report Download - page 240

(8) The term "Committee" shall mean the Employee Benefits Plan Committee which shall have the powers,
duties, and responsibilities set forth in Article VIII.
(9) The term "Company" shall mean BB&T Corporation, a North Carolina corporation with its principal office at
Winston-Salem, North Carolina, or any successor thereto by merger, consolidation, or otherwise.
(10) The term "Company Discretionary Credits" shall mean the amounts credited to the Participant’s Matching
Account by the Committee pursuant to the provisions of Section 3.3.
(11) The term "Company Matching Credits" shall mean the amounts credited to the Participant's Matching
Account by the Committee pursuant to the provisions of Section 3.2.
(12) The term "Company Stock" shall mean the Company's $5 par value common stock.
(13) The term "Company Stock Account" shall mean the subaccount of a Salary Reduction Account and/or a
Matching Account of a Former Stock Plan Participant set forth in Article VII. The amounts in the Company Stock Account
were earned and vested (within the meaning of Section 409A) prior to January 1, 2005, and such amounts (including the
earnings thereon) are exempt from the requirements of Section 409A.
(14) The term "Company Stock Fund" shall mean the BB&T Corporation Common Stock Fund, which consists
primarily of shares of Company Stock.
(15) The term "Company Stock Credit" shall mean a bookkeeping unit used for the purpose of crediting deemed
shares of the Company Stock Fund to the Company Stock Account of each Participant for whom a Company Stock Account is
established pursuant to Article VII. Each Company Stock Credit shall be equal to one share of the Company Stock Fund. The
value of each Company Stock Credit shall be equivalent to the net value of a share of the Company Stock Fund as of the
applicable Adjustment Date.
(16) The term "Compensation Committee" shall mean the Compensation Committee of the Board or its delegate;
provided, however, that the authority to make any determinations with regard to Employees who are officers subject to Section
16 of the 1934 Act shall at all times be retained by the Compensation Committee.
(17) The term "Covered Compensation" shall have the same meaning as the definition of "Compensation" under
the Savings Plan without regard to any limits imposed by Section 401(a)(17) of the Code, provided that Salary Reduction
Credits under this Plan shall also be included in the definition of Covered Compensation for purposes of this Plan. For purposes
of this definition, any change in the definition of Compensation under the Savings Plan that is effective after the first day of a
Plan Year shall not be applied to the definition of Covered Compensation until the following Plan Year.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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