BB&T 2015 Annual Report Download - page 260

Investment Fund Account of each Participant with respect to each separate bookkeeping account shall be adjusted in the following
order:
(a) Any Investment Fund Credits deemed sold from the Investment Fund Account since the next preceding Adjustment
Date shall be debited.
(b) Then, any shares of the Investment Fund deemed purchased with amounts converted into Investment Fund Credits
plus any additional shares of Investment Fund Credits deemed purchased as a result of any deemed dividends, capital gains, or
other income distributions payable since the next preceding Adjustment Date with respect to Investment Fund Credits allocated
to the Participant's Investment Fund Account, shall be credited.
(c) Finally, any Investment Fund Credits forfeited with respect to the Investment Fund Account of the Matching
Account since the next preceding Adjustment Date shall be debited.
7.5 Adjustment of Company Stock Account. As of the close of business of the Company on each Adjustment Date,
the number of Company Stock Credits allocated to the Company Stock Account of each Participant with respect to each separate
bookkeeping account shall be adjusted in the following order:
(a) Any Company Stock Credits deemed distributed or deemed sold from the Company Stock Account since the next
preceding Adjustment Date shall be debited.
(b) Then, any additional shares of Company Stock Credits deemed issued in connection with any deemed dividends, a
stock split, or similar transaction since the next preceding Adjustment Date with respect to Company Stock Credits allocated to
the Participant's Company Stock Account, shall be credited.
(c) Finally, any Company Stock Credits forfeited with respect to the Company Stock Account of the Matching Account
since the next preceding Adjustment Date, shall be debited.
The aggregate number of Company Stock Credits credited to any Company Stock Account may be appropriately adjusted as the
Committee may determine for any increase or decrease in the number of shares of issued Company Stock resulting from a subdivision
or consolidation of shares, whether through reorganization, recapitalization, stock split-up, stock distribution or combination
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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