BB&T 2015 Annual Report Download - page 309

distributions or sales for the benefit of the Company’s general creditors (other than payments to Participants under the terms of
the Trust).
6.2.2 There shall be credited any additional shares of Company Stock issued in connection with a stock split or similar
transaction since the next preceding Adjustment Date with respect to Company Stock allocated to the Participant’s Company
Stock Account.
6.2.3 There shall be debited any Company Stock with a value in excess of the Plan Benefits attributable to the
Company Stock Account as of such Adjustment Date.
6.3 Adjustment of Investment Fund Accounts: As of the close of business of the Trustee on each Adjustment Date,
each Investment Fund Account with respect to each separate account of the Participant shall be adjusted in the following order:
6.3.1 There shall be debited any mutual fund shares sold from the Investment Fund Account since the next preceding
Adjustment Date, including any sales for the benefit of the Company’s general creditors (other than payments to Participants
under the terms of the Trust).
6.3.2 There shall be credited (i) any mutual fund shares purchased with amounts from the Participant Account of the
Participant, and (ii) any additional mutual fund shares purchased as a result of any dividends, capital gains or other income
distributions payable since the next preceding Adjustment Date with respect to mutual fund shares allocated to the Participant’s
Investment Fund Account.
6.3.3 There shall be debited any mutual fund shares with a value in excess of the Plan Benefits attributable to the
Investment Fund Account as of such Adjustment Date.
6.4 Adjustment of Unallocated Account: As of the close of business of the Trustee on each Adjustment Date, the
Unallocated Account shall be adjusted in the following order:
6.4.1 Unallocated Fixed Rate Account: The Fixed Rate Account with respect to the Unallocated Account shall be
adjusted in this order:
(1) There shall be debited the total amount of any payments from such account since the next preceding
Adjustment Date, including any payments for the benefit of the Company’s general creditors (other than payments to
Participants under the terms of the Trust).
(2) There shall be credited (i) cash dividends payable with respect to Company Stock then allocated to the
Company Stock Account which functions as
18
Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.