BB&T 2015 Annual Report Download - page 269

ARTICLE XI
BENEFITS NOT ASSIGNABLE; FACILITY OF PAYMENTS
11.1 Benefits Not Assignable. No portion of any benefit held or paid under the Plan with respect to any Participant
shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt so
to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be void, nor shall any portion of such benefit be
in any manner payable to any assignee, receiver or any one trustee, or be liable for a Participant’s debts, contracts, liabilities,
engagements or torts, or be subject to any legal process to levy upon or attach.
11.2 Payments to Minors and Others. If any individual entitled to receive a payment under the Plan shall be
physically, mentally or legally incapable of receiving or acknowledging receipt of such payment, the Committee, upon the receipt of
satisfactory evidence of his incapacity and satisfactory evidence that another person or institution is maintaining him and that no
guardian or committee has been appointed for him, may cause any payment otherwise payable to him to be made to such person or
institution so maintaining him. Payment to such person or institution shall be in full satisfaction of all claims by or through the
Participant to the extent of the amount thereof.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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