BB&T 2015 Annual Report Download - page 340

entitled to assign or delegate any of Executive’s obligations or rights under this Agreement; provided, however, that nothing in this
Section 3.6 shall preclude Executive from designating a beneficiary to receive any benefit payable under this Agreement upon
Executive’s death. Except as otherwise provided in this Agreement or required by applicable law, no right to receive payments under
this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or
hypothecation or to execution, attachment, levy, or similar process or assignment by operation of law, and any attempt, voluntary or
involuntary, to effect any such action shall be null, void and of no effect.
 . The headings of paragraphs and sections herein are included solely for convenience of reference and shall
not control the meaning or interpretation of any of the provisions of this Agreement.
 . Employer and Executive intend all provisions of this Agreement to be enforced to the fullest extent
permitted by law. Accordingly, if a court of competent jurisdiction determines that the scope and/or operation of any provision of this
Agreement is too broad to be enforced as written, Employer and Executive intend that the court should reform such provision to such
narrower scope and/or operation as it determines to be enforceable. If, however, any provision of this Agreement is held to be illegal,
invalid, or unenforceable under present or future law, and not subject to reformation, then (i) such provision shall be fully severable, (ii)
this Agreement shall be construed and enforced as if such provision was never a part of this Agreement, and (iii) the remaining
provisions of this Agreement shall remain in full force and effect and shall not be affected by illegal, invalid, or unenforceable
provisions or by their severance.
 . The parties intend that this Agreement and the performance hereunder and all suits and special
proceedings hereunder shall be governed by and construed in accordance with and under and pursuant to the laws of the State of North
Carolina without regard to conflicts of law principles thereof and that in any action, special proceeding or other proceeding that may be
brought arising out of, in connection with, or by reason of this Agreement, the laws of the State of North Carolina shall be applicable
and shall govern to the exclusion of the law of any other forum. Any action, special proceeding or other proceeding with respect to this
Agreement shall be brought exclusively in the federal or state courts of the State of North Carolina, and by execution and delivery of
this Agreement, Executive and Employer irrevocably consent to the exclusive jurisdiction of those courts and Executive hereby
submits to personal jurisdiction in the State of North Carolina. Executive and Employer irrevocably waive any objection, including any
objection based on lack of jurisdiction, improper venue or forum non conveniens, which either may now or hereafter have to the
bringing of any action or proceeding in such jurisdiction in respect to this Agreement or any transaction related hereto. Executive and
Employer acknowledge and agree that any service of legal process by mail in the manner provided for notices under this Agreement
constitutes proper legal service of process under applicable law in any action or proceeding under or in respect to this Agreement.
 . This Agreement may be executed in one or more counterparts, each of which will be deemed an
original, but all of which together will constitute one and the same instrument.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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