BB&T 2015 Annual Report Download - page 310

a sub-account of the Unallocated Account and (ii) cash proceeds from the sale of Company Stock then allocated to such
Company Stock Account.
(3) 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.
(4) There shall be credited (i) any excess cash Company contributions as provided in Section 5.2, and (ii)
any excess account balance that is charged against the Fixed Rate Accounts of the Participants pursuant to the
provisions of this Section 6 as of such Adjustment Date.
6.4.2 Unallocated Company Stock Account: The Company Stock Account with respect to the Unallocated Account
shall be adjusted in this order:
(1) There shall be debited any Company Stock distributed or sold from the Company Stock Account since
the next preceding Adjustment Date, including any distributions or sales 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 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
Unallocated Account.
(3) There shall be credited any excess account balance that is charged against the Company Stock Accounts
of the Participants pursuant. to the provisions of this Section 6 as of such Adjustment Date.
6.4.3 Unallocated Investment Fund Account: Each Investment Fund Account with respect to the Unallocated Account
shall be adjusted in this order:
(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).
(2) There shall be credited 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 Unallocated Account.
(3) There shall be credited any excess account balance that is charged against the Investment Fund
Accounts of the Participants pursuant to the provisions of this Section 6 as of such Adjustment Date.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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