BB&T 2015 Annual Report Download - page 287

Participant elects not to have such amounts deemed invested in Company Stock as provided in Section 7.3.
E.2 SPECIAL PROVISIONS RELATING TO CAPITAL ACCUMULATION PLAN FOR ELIGIBLE KEY EMPLOYEES
OF SOUTHERN NATIONAL CORPORATION . Prior to January 1, 1996, the Company sponsored and maintained the Capital
Accumulation Plan for Eligible Key Employees of Southern National Corporation (the "SNC Cap Plan"). The purpose of the SNC
Cap Plan was to provide selected eligible key employees with the opportunity to defer on a pre-tax basis certain cash awards under the
Company's annual and long-term incentive compensation award plans. Since the pre-tax deferral opportunity is provided under Section
3.3 of the Plan (and was also provided under the SNC Plan), the SNC Cap Plan was frozen as of December 31, 1995. All employees
who were participants in the SNC Cap Plan automatically became Participants in the SNC Plan on January 1, 1996. Any deferrals
credited to a Participant's account under the SNC Cap Plan were combined with the credits to his Incentive Compensation Account
under the Plan effective as of January 1, 1997.
E. 3 SPECIAL PROVISIONS RELATING TO SUPPLEMENTAL RETIREMENT BENEFIT OF SNC PLAN . Prior to
January 1, 1997, Section 4.1 of the SNC Plan provided a special supplemental retirement benefit (the “Retirement Plan Supplement”)
to supplement the benefits payable to Participants under the tax-qualified Southern National Corporation Pension Plan (the defined
benefit plan sponsored by BB&T which formerly had been known as the "Retirement Plan for the Employees of Branch Banking and
Trust Company"). The provisions of the SNC Plan relating to the Retirement Plan Supplement have been incorporated into the non-
qualified supplemental retirement plan which became effective as of January 1, 1997 and which is known as the BB&T Non-Qualified
Defined Benefit Plan.
E-2
Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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