BB&T 2015 Annual Report Download - page 242

(27) The term "Matching Account" shall mean the separate bookkeeping account to be kept for each Participant to
which Company Matching Credits and any Company Discretionary Credits are credited.
(28) The term "1934 Act" shall mean the Securities Exchange Act of 1934, as amended.
(29) The term "Participant" shall mean with respect to any Plan Year an Eligible Employee who has commenced
participation in the Plan and any former Eligible Employee who has an Accrued Benefit remaining under the Plan. An Eligible
Employee shall become a Participant as of the Entry Date determined by the Committee. A Participant who incurs a Separation
from Service and who later returns to Service will not be eligible to reenter the Plan except upon satisfaction of the terms and
conditions established by the Committee in accordance with Section 409A. The Committee shall maintain a list of the
Participants in the Plan, which shall be amended from time to time.
(30) The term "Performance-Based Compensation" shall mean compensation considered performance-based
compensation under Code section 409A. Generally this means an amount which, or the entitlement to which, is contingent on
the satisfaction of pre-established organizational or individual performance criteria relating to a performance period of at least
12 consecutive months. Performance criteria shall be established in writing not later than 90 days after the commencement of
the period of service to which the criteria relate; provided that the outcome is substantially uncertain at the time the criteria are
established. Performance-Based Compensation shall not include any amount or portion of any amount that will be paid
regardless of performance or is based upon a level of performance that is substantially certain to be met at the time the criteria
are established.
(31) The term "Plan" shall mean the BB&T Non-Qualified Defined Contribution Plan, an unfunded, non-qualified
deferred compensation plan as herein restated or as duly amended from time to time.
(32) The term "Plan Administrator" shall mean the plan administrator as provided in Section 8.2.
(33) The term "Plan Year" shall mean the 12-calendar-month period beginning on January 1 and ending on
December 31 of each year.
(34) The term "Salary Reduction 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 3.1 of the Plan.
(35) The term "Salary Reduction Account" shall mean the separate bookkeeping account to be kept for each
Participant to which Salary Reduction Credits shall be credited.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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