BB&T 2015 Annual Report Download - page 299

3.2.8 To execute such contracts, bills of sale, notes, proxies and other instruments in writing as shall be deemed
requisite or desirable in the proper administration of the Trust;
3.2.9 To make distributions from the Trust to Participants under the Plans as provided in this Trust Agreement;
3.2.10 To exercise the right to vote any securities held in the Trust, including Company Stock, or to grant proxies to
vote such securities;
3.2.11 Notwithstanding any other provision of this Trust, to cause any part or all of the money or other property of this
Trust to be commingled with the money or other property of trusts created by others by causing such assets to be invested as
part of anyone or more common or collective trust funds established and maintained by the Trustee; and
3.2.12 To do all acts and to exercise any and all powers, although not specifically set forth in this Trust Agreement, as
the Trustee may deem are for and in the best interest of the Trust.
3.3 Prudent Person Rule: In acquiring, investing, reinvesting, exchanging, retaining, selling and managing property
pursuant to this Trust Agreement, the Trustee shall observe the standard of judgment and care under the circumstances then prevailing,
which an ordinarily prudent person of discretion and intelligence who is a fiduciary of the property of others would observe as such
fiduciary; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request
or approval given by the Company, Compensation Committee or the Committee which is contemplated by, and in conformity with, the
terms of the Plans or this Trust and is given in writing or by such other method acceptable to the Trustee.
3.4 Restrictions on Powers: Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or
by applicable law, the Trustee shall not have any powers that could give this Trust the objective of carrying on a business, and dividing
the gains therefrom, within the meaning of Section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant
to the Code.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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