BB&T 2015 Annual Report Download - page 303

(5) the date of any event which the Company’s Board of Directors determines should constitute a Change
of Control.
5.2 Allocation of Contributions: Contributions made by the Company to the Trust Fund shall be allocated by the
Trustee to the Participant Accounts established pursuant to Section 4.2 in the manner directed by the Committee. Notwithstanding any
Committee directions to the contrary, no allocation shall be made to a Participant Account if the balance in such Participant Account
equals or exceeds the Plan Benefits of the Participant. Any contribution in excess of the Plan Benefits of all Participants shall be
allocated to the Unallocated Account.
5.3 Expense Account: In addition to contributions made to the Trust pursuant to the preceding Sections of this Section
5, the Company shall deliver to the Trustee such other amounts as the Company deems necessary or appropriate to provide for
payment of expenses of the Trust. Such amounts shall be held by the Trustee in a special expense account (the “Expense Account”).
Except as provided in Section 2 and Section 11, amounts in the Expense Account shall be applied solely toward the payment of Trust
expenses.
Section 6. Adjustment of Accounts; Payments by the Trustee:
6.1 Adjustment of Fixed Rate Accounts: As of the close of business of the Trustee on each day securities are traded
on the New York Stock Exchange, except regularly scheduled holidays of the Trustee (“Adjustment Date”), each Fixed Rate Account
with respect to each separate account of the Participant shall be adjusted as follows:
6.1.1 Salary Reduction Fixed Rate Account: The Fixed Rate Account (which account functions as a sub-account of the
Salary Reduction Account) of each Participant shall be adjusted in this order:
(1) There shall be debited (i) the total amount of any payments made from such account to the Participant
since the next preceding Adjustment Date, (ii)
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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