BB&T 2015 Annual Report Download - page 267

ARTICLE X
ALLOCATION OF RESPONSIBILITIES
The persons responsible for the Plan and the duties and responsibilities allocated to each, which shall be carried out in
accordance with the other applicable terms and provisions of the Plan, shall be as follows:
10.1 Board.
(i) To amend the Plan (other than the Appendices);
(ii) To appoint and remove members of the Committee;
(iii) To terminate the Plan; and
(iv) To take any actions required to comply with federal and state securities laws (except to the extent that
the Committee or a committee or subcommittee established pursuant to Section 8.2 is authorized to do
so).
10.2 Committee.
(i) To interpret the provisions of the Plan and to determine the rights of the Participants under the Plan,
except to the extent otherwise provided in Article XV relating to the claims procedure;
(ii) To administer the Plan in accordance with its terms, except to the extent powers to administer the Plan
are specifically delegated to another person or persons as provided in the Plan;
(iii) To determine the Accrued Benefits of Participants;
(iv) To direct the Employer in the payment of benefits, and
(v) To the extent necessary or advisable and except as specifically provided otherwise herein, to amend, or
maintain, as the case may be, the Appendices attached hereto.
10.3 Plan Administrator.
(i) To file such reports as may be required with the United States Department of Labor, the Internal
Revenue Service and any other government agencies to which reports may be required to be submitted
from time to time;
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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