BB&T 2015 Annual Report Download - page 281

18.13. Compliance with Section 409A. Notwithstanding any other provision in the Plan or any agreement to the
contrary, if and to the extent that Section 409A is deemed to apply to the Plan, it is the intention of Company that the Plan shall comply
with Section 409A, and the Plan shall, to the extent practicable, be construed in accordance therewith. Without in any way limiting the
effect of the foregoing, in the event that the provisions of Section 409A require that any special terms, provisions, or conditions be
included in the Plan, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of the
Plan. Notwithstanding the foregoing, the Company, any Affiliate, the Board, the Committee, Compensation Committee, the Plan
Administrator, or their designees or agents shall not be liable for any taxes, penalties, interest or other monetary amount that may be
owed by any Participant, Beneficiary or any other person as a result of the deferral or payment of any amounts under the Plan or as a
result of the administration of amounts subject to the Plan.
IN WITNESS WHEREOF, the BB&T Non-Qualified Defined Contribution Plan (January 1, 2012 Restatement) is
executed in behalf of the Company on this ______ day of July, 2012.
BB&T CORPORATION
By:
Title:Senior Executive Vice President
45
Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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