BB&T 2015 Annual Report Download - page 255

6.2 Written Request. The Participant's request for a payment on account of an Unforeseeable Emergency must be
made in writing to the Committee. The request must specify the nature of the financial hardship, the total amount to be paid from his
Account, and the total amount of the actual expense incurred or to be incurred on account of hardship.
6.3 Processing of Request. The processing of a request for a payment on account of an Unforeseeable Emergency
shall be completed as soon as practicable from the date on which the Committee receives the properly completed written request. If a
Participant incurs a Separation from Service after a request is approved but prior to payment, the approval of his request shall be
automatically void and the benefits he is entitled to receive under the Plan shall be paid in accordance with the applicable payment
provisions of the Plan. If a payment is approved, such payment shall be made in a lump sum within 60 days of the date of approval;
provided, however, that if the 60-day period begins in one calendar year and ends in another, the Participant shall not have a right to
designate the calendar year of payment. If the Committee determines that the extent of an Unforeseeable Emergency requires a
suspension of the Participant’s deferrals for the Plan Year in which the Unforeseeable Emergency occurs, such a suspension shall take
effect upon the date of approval of such emergency. An Unforeseeable Emergency withdrawal shall be charged to the separate
bookkeeping accounts which comprise the Account in the following order: (i) the Matching Account (but only to the extent of the
vested portion of the Matching Account); and (ii) the Salary Reduction Account. Subject to the provisions of Article XVII, with
respect to each such separate bookkeeping account, such Unforeseeable Emergency withdrawal shall be charged to the Investment
Fund Accounts and the Company Stock Account with respect to such separate bookkeeping account on a pro rata basis.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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