BB&T 2015 Annual Report Download - page 360

Section 2 is held by a court of competent jurisdiction to be overbroad as written, Executive specifically agrees that the court should
modify such provision in order to make it enforceable, and that a court should view each such provision as severable and enforce those
severable provisions deemed reasonable by such court. Executive agrees that the restraints imposed by this Section 2 are fair and
necessary to prevent Executive from unfairly taking advantage of contacts established, nurtured, serviced, enhanced or promoted and
knowledge gained during Executive’s employment with Employer and their Affiliates, and are necessary for the reasonable and proper
protection of Employer and their Affiliates and that each and every one of the restraints is reasonable with respect to the activities
prohibited, the duration thereof, the Restricted Area, the scope thereof, and the effect thereof on Executive and the general public.
Executive acknowledges that the Covenants will not cause an undue burden on Executive. Executive further acknowledges that
violation of any one or more of the Covenants would immeasurably and irreparably damage Employer and their Affiliates, and,
accordingly, Executive agrees that for any violation or threatened violation of any of such Covenants, Employer shall, in addition to
any other rights and remedies available to it, at law or otherwise (including, without limitation, the recovery of damages from
Executive), be entitled to specific performance and an injunction to be issued by any court of competent jurisdiction enjoining and
restraining Executive from committing any violation or threatened violation of the Covenants. Executive hereby consents to the
issuance of such injunction and agrees to submit to the equitable jurisdiction of any court of competent jurisdiction, without reference
to whether Executive resides or does business in that jurisdiction at the time such injunction is sought or entered.
 . Executive agrees that prior to accepting employment with any other Person during the Term
or during the two-year period following the termination of his employment with Employer, Executive shall provide Employer with
written notice of his intent to accept such employment, which notice shall include the name of the prospective employer, the business
engaged in or to be engaged in by the prospective employer, and the position Executive intends to accept with the prospective
employer. In addition, Executive shall provide such prospective employer with written notice of the existence of this Agreement and
the Covenants.
 
 . All notices, requests, and other communications to any party under this Agreement must be in writing
(including telefacsimile transmission or similar writing) and shall be given to such party at his, her or its address or telefacsimile number
set forth below or at such other address or telefacsimile number as such party may hereafter specify for the purpose of giving notice to
the other party:
If to the Executive, to:
13
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.