BB&T 2015 Annual Report Download - page 258

invest in the Investment Funds shall continue in effect until such the distribution of the Participant's vested Accrued Benefit is
processed by the Committee or its designee in accordance with the provisions of Article V. A Participant unilaterally may modify or
revoke his election as of any Adjustment Date by providing advance notice to the Committee in accordance with such rules and
procedures as are established by the Committee from time to time. Any amount the Participant has elected to be deemed invested in an
Investment Fund shall be converted into Investment Fund Credits with respect to that Investment Fund in the manner and as of the
Adjustment Date set forth in procedures established by the Committee. The value of any Investment Fund Credits that the Participant
has elected to be deemed sold from an Investment Fund Account and credited to another Investment Fund Account shall be determined
in the manner and as of the Adjustment Date set forth in procedures established by the Committee. All deemed dividends, capital gains
or other income distributions payable with respect to the Investment Fund Credits allocated to an Investment Fund Account shall be
converted into Investment Fund Credits in the manner and as of the Adjustment Date set forth in procedures established by the
Committee. In the event the Committee shall change the manner in which amounts are to be converted to Investment Fund Credits or
the manner in which Investment Fund Credits are to be deemed sold, it shall communicate such change to Participants in writing in
advance of the date such change is to be effective. The Investment Fund Accounts shall be adjusted as provided in Section 7.4 and any
fractional shares shall be accounted for as such.
7.3 Deemed Investment in Company Stock by Former Stock Plan Participants. The amounts transferred from the
accounts under the Former Stock Plans which were deemed invested in the Company Stock Fund shall remain deemed invested in the
Company Stock Fund. In no event shall any other amounts credited to Accounts under the Plan be deemed
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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