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ARTICLE XIII

AMENDMENT AND TERMINATION OF PLAN

The Board may amend or terminate the Plan at any time; provided, however, that in no event shall such amendment or

termination reduce any Participant's Accrued Benefit as of the date of such amendment or termination, nor shall any such

amendment affect the terms of the Plan relating to the payment of such Accrued Benefit without the Participant's prior written

consent to such amendment. Any such amendment or termination shall be made pursuant to a resolution of the Board and shall be

effective as of the date specified in such resolution. Notwithstanding the foregoing, and until otherwise decided by the Board,

subject to Section 409A, the officer of the Company specifically designated in resolutions adopted by the Board shall have the

authority to amend the Plan to provide for the merger or consolidation of another non-qualified defined contribution plan into the

Plan, and in connection therewith, to set forth any special provisions that may apply to the participants in such other plan. Upon

termination of the Plan, distribution of the Accrued Benefit of a Participant shall be made to the Participant or his Beneficiary in the

manner and at the time described in Article V of the Plan and in accordance with Section 409A. No additional credits of Salary

Reduction Credits and Matching Credits shall be made to the respective separate bookkeeping accounts of a Participant following

termination of the Plan, but the Account of each Participant shall continue to be adjusted as provided in Article VII until the balance

of the Account of the Participant has been fully distributed to him or his Beneficiary.

Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠

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