BB&T 2015 Annual Report Download - page 308

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.
6.1.7 Profit Sharing Fixed Rate Account: The Fixed Rate Account (which account functions as a sub-account of the
Profit Sharing 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 since the next
preceding Adjustment Date, (ii) 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 Profit
Sharing 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 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.
6.2 Adjustment of Company Stock Accounts: As of the close of business of the Trustee on each Adjustment Date,
each Company Stock Account, if any, with respect to each separate account of the Participant shall be adjusted in the following order:
6.2.1 There shall be debited any Company Stock distributed or sold from the Company Stock Account since the next
preceding Adjustment Date, including any
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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