BB&T 2015 Annual Report Download - page 322

Trustee shall be fully protected in acting or refraining from acting in accordance with the provisions of this Section 15.8.
15.9 Titles Not to Control: Titles to the Articles and Sections of the Trust are included for convenience only and shall
not control the meaning or interpretation of any provision of the Trust.
15.10 Severability: Any provision of this Trust prohibited by law shall be ineffective to the extent of any such
prohibition without invalidating the remaining provisions hereof.
15.11 Laws of North Carolina to Govern: The Trust shall be governed by and construed, enforced and administered
in accordance with the laws of the State of North Carolina.
15.12 Reports: The Trustee shall not be required to file any annual or other returns or report§ to any court, or to give
any bond or to secure any order or consent of any court to carry out any of the powers conferred on the Trustee or to make any other
reports to any court.
15.13 Counterparts: The Trust may be executed in any number of counterparts, each of which shall be deemed to be
the original although the others shall not be produced.
15.14 Sale of Assets: Notwithstanding any other provisions hereof, if the Company shall sell or otherwise transfer
substantially all of its operating assets to another entity (the “Transferee”), the Company’s rights and obligations hereunder shall be
assigned by the Company to the Transferee as a part of the same transaction. Following such assignment, and conditional on
acceptance thereof by the Transferee, the Transferee shall be substituted for the Company hereunder. Except for such substitution,
following such assignment this Trust Agreement shall continue in effect in accordance with its terms. If the Company shall not effect
such assignment, with respect to all Participants, the Trustee shall, at the time of the closing of
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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