BB&T 2015 Annual Report Download - page 257

ARTICLE VII
DEEMED INVESTMENTS AND ADJUSTMENT OF ACCOUNTS
7.1 Account Administration. The Committee shall establish and maintain on behalf of each Participant the following
separate bookkeeping accounts with respect to his Account: (i) Matching Account; and (ii) Salary Reduction Account. If the
Participant elects to have all or a portion of the amount credited to each separate bookkeeping account deemed invested in one or more
of the Investment Funds as provided in Section 7.2, the Committee shall establish an Investment Fund Account with respect to the
amount deemed invested in each Investment Fund. With respect to each Participant who was a Participant in the SNC Excess Plan (as
defined in Appendix E) or any other nonqualified plan that was merged into or consolidated with the Plan and that, at the time of such
merger or consolidation, allowed participants' accounts to be deemed invested in the Company Stock Fund (the “Former Stock
Plans”), the Committee shall also establish and maintain with respect to his Salary Reduction Account and his Matching Account a
sub-account entitled Company Stock Account. Each Participant who has a Company Stock Account shall sometimes be referred to
herein as a “Former Stock Plan Participant.” In no event shall the Committee establish and maintain a Company Stock Account on
behalf of a Participant other than a Former Stock Plan Participant.
7 . 2 Deemed Investment of Accounts in Investment Funds. In accordance with procedures adopted by the
Committee, a Participant may elect to have all or a portion (in integral percentages) of the amount credited to each separate
bookkeeping account deemed invested in one or more of the Investment Funds. An election to invest in the Investment Funds shall be
made by the Participant in accordance with such rules and procedures as are established by the Committee from time to time. Unless
modified or revoked by the Participant, an election to
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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