BB&T 2015 Annual Report Download - page 276

ARTICLE XVI
PARTIES TO THE PLAN
16.1 Adoption by Affiliates. Subject to the approval of the Board, an Affiliate that has adopted the Savings Plan may
adopt the Plan and become an employer-party to the Plan by resolutions approved by its Board of Directors. The Affiliates that are
employer-parties to the Plan are listed on Appendix C attached hereto, as the same may be amended from time to time by the
Committee. The special provisions shall apply to all employer-parties to the Plan are hereinafter set forth.
16.2 Single Plan. The Plan is a single plan with respect to all parties.
16.3 Service; Allocation of Costs. Service for purposes of the Plan shall be interchangeable among employer-parties to
the Plan and shall not be deemed interrupted or terminated by the transfer at any time of a Participant from the Service of one
employer-party to the Service of another employer-party. In determining the cost of providing benefits under the Plan, each employer-
party shall be responsible for the cost associated with the Employees of such employer-party who are Participants in the Plan.
16.4 Committee. The Committee which administers the Plan as applied to the Company shall also be the Committee as
applied to each other employer-party to the Plan.
16.5 Authority to Amend and Terminate. The Board of the Company shall have the power to amend or terminate the
Plan as applied to each employer-party.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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