BB&T 2015 Annual Report Download - page 304

the total amount applied since the next preceding Adjustment Date to purchase mutual fund shares for the Investment
Fund Accounts of the Participant (which accounts function as sub-accounts of the Salary Reduction Account), (iii) the
total amount of any payments made from such account for the benefit of the Company’s general creditors (other than
payments to Participants under the terms of the Trust) since the next preceding Adjustment Date, and (iv) the total
amount of any payments made from such account for Trust Fund expenses not paid from the Expense Account.
(2) There shall be credited the total amount of any contributions made to such account with respect to the
Participant since the last preceding Adjustment Date as provided in Section 5.2.
(3) There shall be credited (i) any cash dividends payable with respect to Company Stock then allocated to
the Company Stock Account of the Participant which are to be credited to his Fixed Rate Account, (ii) cash proceeds
from the sale of any Company Stock then allocated to the Company Stock Account of the Participant which are to be
credited to his Fixed Rate Account, and (iii) cash proceeds from the sale of any mutual fund shares then allocated to an
Investment Fund Account of the Participant which are to be credited to his Fixed Rate Account.
(4) There shall be credited an amount equal to the account’s allocable share of the income and gains of the
Trust Fund (excluding the portion of the Trust Fund invested in Company Stock and mutual funds) as provided in
Section 6.5.
(5) There shall be debited the amount of the balance in such account in excess of the Plan Benefits
attributable to such account as of such Adjustment Date.
6.1.2 Matching Fixed Rate Account: The Fixed Rate Account (which account functions as a sub-account of the
Matching 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) the total amount applied since the next preceding Adjustment Date to the
purchase of mutual fund shares for the Investment Fund Accounts of the Participant (which accounts function as
subaccounts of the Matching Account), (iii) the total amount of any payments made from such account for the benefit of
the Company’s general creditors (other than payments to Participants under the terms of the Trust) since the next
preceding Adjustment Date, and (iv) the total amount of any payments made from such account for Trust Fund
expenses not paid from the Expense Account.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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