BB&T 2015 Annual Report Download - page 289

BB&T CORPORATION
NON-QUALIFIED DEFERRED COMPENSATION TRUST
TABLE OF CONTENTS
Page No.
Section 1. Establishment of Trust: 2
1.1 Trust 2
1.2 Description of Trust 3
1.3 Copies of the Plans 3
1.4 Trust Irrevocable 3
1.5 Acceptance 3
Section 2. Claims of Company’s Creditors: 4
2.1 No Security Interest 4
2.2 Suspension of Payments 4
2.3 Resumption of Payments 4
2.4 Notice of Insolvency 5
2.5 Insolvency 5
2.6 Repayment of Amounts Paid to Creditors 6
Section 3. Powers of Trustee: 6
3.1 Investment of the Trust Fund: 6
3.2 Powers of Trustee 7
3.3 Prudent Person Rule 8
3.4 Restrictions on Powers 8
Section 4. Trust Obligation To Pay Benefits Under the Plans; Accounts: 9
4.1 Obligation of Trustee 9
4.2 Participant Accounts 9
4.3 Unallocated Account 9
4.4 Expense Account 9
Section 5. Contributions: 10
5.1 Contributions 10
5.2 Allocation of Contributions 12
5.3 Expense Account 12
Section 6. Adjustment of Accounts; Payments by the Trustee: 12
6.1 Adjustment of Fixed Rate Accounts 12
6.2 Adjustment of Company Stock Accounts 17
6.3 Adjustment of Investment Fund Accounts 18
6.4 Adjustment of Unallocated Account 18
6.5 Trust Income, Gains and Losses 20
6.6 Payment of Benefits 20
Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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