BB&T 2015 Annual Report Download - page 241

(18) The term "Deferral Election Form" shall mean the election form (including a form in electronic, telephonic, or
other format) executed by the Participant pursuant to the provisions of Section 3.4 of the Plan.
(19) The term "Eligible Employee" shall mean each Employee who is determined by the Compensation Committee
to be a highly compensated or management employee and who is selected by the Compensation Committee to participate in the
Plan. An Employee shall cease to be an Eligible Employee immediately upon the first to occur of the following (i) the
Employee's Separation from Service; (ii) the end of the Plan Year in which occurs the determination by the Compensation
Committee that the Employee is no longer a highly compensated or management employee; or (iii) the end of the Plan Year in
which the Compensation Committee, in its sole discretion, determines that the Employee shall no longer be eligible to
participate in the Plan.
(20) The term "Employee" shall mean an individual in the Service of the Employer, provided that the relationship
between him and the Employer is the legal relationship of employer and employee.
(21) The term "Employer" shall mean the Company and participating Affiliates; Article XVI sets forth the special
provisions concerning participating Affiliates.
(22) The term "Entry Date" shall mean January 1 of each Plan Year; provided, however, that under special
circumstances, such as the acquisition of an Affiliate and in accordance with the requirements of Section 409A, the Committee
may designate a date other than January 1 of a Plan Year as an Entry Date.
(23) The term "ERISA" shall mean the Employee Retirement Income Security Act of 1974, as amended and rules
and regulations issued thereunder.
(24) The term "Investment Fund" shall mean any mutual fund described in Appendix A attached hereto and any
self-directed brokerage option allowed by the Committee; provided, however, that the Committee shall determine from time to
time the mutual funds to be set forth and described in Appendix A, and shall notify Participants in writing of the available
Investment Funds from time to time.
(25) The term "Investment Fund Account" shall mean a subaccount of a Salary Reduction Account and/or a
Matching Account which shall indicate the amount deemed invested in an Investment Fund as set forth in Article VII.
(26) The term "Investment Fund Credit" shall mean, with respect to each Investment Fund, a bookkeeping unit
used for the purpose of crediting deemed shares of such Investment Fund to the corresponding investment subaccounts of each
Participant’s Account. Each Investment Fund Credit shall be equal to one share of each Investment Fund. The value of each
Investment Fund Credit shall be equivalent to the net value of a share of the applicable Investment Fund as of any Adjustment
Date.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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