BB&T 2015 Annual Report Download - page 277

ARTICLE XVII
COMPLIANCE WITH SECTION 16 OF THE 1934 ACT AND RULE 16B-3 TRADING RESTRICTIONS
The transactions under the Plan are intended to be structured in accordance with the 1934 Act, including but not limited to
the restrictions imposed by Rule 16b-3 adopted under the 1934 Act. In addition to the provisions contained in the Plan, transactions by
persons subject to Section 16 shall be subject to such further conditions as may be required in order to comply with the terms of Rule
16b-3 and Section 16(b). Without limiting the foregoing, persons subject to Section 16 shall be required to comply with such rules and
procedures regarding Plan participation and transactions as may be established by the Committee or a committee or subcommittee
established pursuant to Section 8.2; provided, however, that such procedures shall take into account Section 409A, which requires that
any delayed distribution be paid at the earliest date at which the Committee reasonably anticipates that making such payment will not
cause violation of federal or other applicable securities laws.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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