BB&T 2015 Annual Report Download - page 259

invested in the Company Stock Fund. Notwithstanding the foregoing and in accordance with procedures adopted by the Committee, a
Former Stock Plan Participant who was a participant in one of the nonqualified plans described in Appendix D (each such Participant
sometimes being referred to herein as a "Qualifying Former Stock Plan Participant") may elect as of any Adjustment Date to have all
or a portion (in integral percentages) of his Company Stock Credits credited to his Company Stock Accounts deemed sold and the
deemed cash proceeds therefrom credited to his Investment Fund Accounts in accordance with the most recent election made by the
Participant pursuant to Section 7.2. An election to sell Company Stock Credits shall be made by the Qualifying Former Stock Plan
Participant in accordance with such rules and procedures as are adopted by the Committee from time to time and shall be irrevocable
when made. The value of any Company Stock Credits the Qualifying Former Stock Plan Participant has elected to be deemed sold
shall be determined in the manner and as of the Adjustment Date described in procedures established by the Committee. In the event
the Committee shall change the manner in which the value of Company Stock Credits deemed sold from the Company Stock Accounts
are determined, it shall communicate such change to Qualifying Former Stock Plan Participants in writing in advance of the date such
change is to be effective. All deemed cash dividends payable with respect to Company Stock Credits then allocated to the Participant's
Company Stock Accounts shall be credited to his applicable Investment Fund Accounts in accordance with the most recent election
made by the Participant pursuant to Section 7.2. Company Stock Credits which have not been deemed sold shall remain in the
Company Stock Accounts and such Accounts shall be adjusted as provided in Section 7.5.
7.4 Adjustment of Investment Fund Accounts. As of the close of business of the Company on each Adjustment
Date, the number of Investment Fund Credits allocated to the
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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