Document:

Exhibit 10.2.b

 Exhibit 10.2.b 
 409A DECLARATION OF AMENDMENT TO 
 BB&T CORPORATION 
 1995 OMNIBUS STOCK INCENTIVE PLAN 
 THIS 409A DECLARATION OF AMENDMENT to the BB&T Corporation 1995 Omnibus Stock Incentive Plan,
as amended and restated (the “Plan”) is executed on the 16th day of December, 2008, by BB&T Corporation (the “Corporation”
or “BB&T”). 
 RECITALS: 
 WHEREAS, on and after January 1, 2005 through December 31, 2008, the Plan has been operated, to the extent applicable, in good faith compliance with Section 409A of the Internal Revenue Code of 1986, as
amended, and the guidance issued thereunder by the United States Department of Treasury and the Internal Revenue Service; and 
 WHEREAS, the
Corporation desires to amend the Plan to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the final regulations issued thereunder (“Section 409A”); 
 NOW, THEREFORE, IT IS DECLARED, that, by action of the Board of Directors of BB&T Corporation
on the 16th day of December, 2008, the Plan is amended as follows: 
 1. Section 4.02 is amended, effective January 1, 2005, by the addition of the following sentence after the third sentence thereof: 
 “A Corresponding SAR shall be granted concurrently with the grant of a related Option.” 
 2. The first sentence of Article VI is amended, effective January 1, 2005, by the deletion of the phrase “eighty-five percent
(85%)” and the insertion of the phrase “one hundred percent (100%)” in place thereof; and the following new sentence is added at the end of Article VI: 
 “The Initial Value of a SAR shall never be less than one hundred percent (100%) of the Fair Market Value per share of BB&T Common Stock on the date the SAR is granted.” 
 3. Section 8.01 is amended, effective January 1, 2005, by the deletion of the proviso, and the insertion in place thereof the following:

 “provided, however, that a Corresponding SAR shall be exercisable only at the time and to the extent that the related Option is
exercisable.” 

 4. The third sentence of Section 8.02 is amended, effective January 1, 2005, by the
deletion of the parenthesis “(determined as of the day preceding the Date of Exercise).” 
 5. Section 8.03 is amended,
effective January 1, 2005, by inserting after the words “settled in cash” the phrase “within 15 business days of exercise (provided that if such 15-day period begins in one calendar year and ends in another, the Participant shall
not have the right to designate the calendar year of payment)” and by inserting at the end of the first sentence after the words “Common Stock” the phrase “within 30 business days after the Date of Exercise.” 
 6. The following new Section 8.05 is added to Article VIII of the Plan, effective January 1, 2005: 
 “8.05 No Deferral. No Option or SAR shall have any feature that would allow for the deferral of compensation of income (within
the meaning of Section 409A) other than the deferral of income until the exercise of the Option or SAR.” 
 7.
Section 10.04 is amended, effective January 1, 2005, by the deletion of the phrase “as soon as practicable” and the insertion of the phrase “between January 1 and March 15” in place thereof. 
 8. Section 10.05 is amended, effective January 1, 2005, by the deletion of the phrase “single sum as soon as practicable” and
the insertion of the phrase “single sum cash payment between January 1 and March 15” in place thereof. 
 9. The
following new Section 10.07 is added to Article X of the Plan, effective January 1, 2005: 
 “10.07 No
Acceleration or Delay. The Committee shall not have the discretionary authority to accelerate or delay any cash payment or issuance of shares underlying Performance Share awards that constitute a deferral of compensation within the meaning of
Section 409A, except to the extent that such acceleration or delay is permitted under Section 409A.” 
 10. The
following new Section 10.08 is added to Article X of the Plan, effective January 1, 2005: 
 “10.08
Specified Employees. Notwithstanding any provisions of this Article X or any other provision of the Plan to the contrary, if the Participant is a “specified employee” within the meaning of Section 409A and the Company’s
specified employee identification policy, if any (“Specified Employee”), to the extent that Performance Shares constitute “nonqualified deferred compensation” within the meaning of Section 409A and no exception applies and
such Performance Shares are deemed to be paid upon a “separation from service” within the meaning of Section 409A (“Separation from Service”), such Performance Shares will not be paid and/or issued 

  

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until the earliest of (i) the date of such Specified Employee’s death, (ii) the earliest date permitted under Section 409A, or
(iii) the first business day of the seventh (7th) month following such Specified Employee’s Separation from Service, at which time Performance Shares otherwise due during the first six (6) months following such Specified
Employee’s Separation from Service shall be paid and/or issued in a single sum on the first business day of such seventh month.” 
 11. The second sentence of Section 10(A).01 is amended, effective January 1, 2005, by the deletion of the word “and” before “(ii)” and the insertion of a comma in the place thereof and the addition of
the following at the end of the sentence: 
 “and (iii) the number of Valuation Periods in the Performance Period, which number
shall not be less than three.” 
 12. The first sentence of Section 10(A).02 is deleted, effective January 1, 2005, and
the following is inserted in place thereof: 
 “A Performance Unit award will be earned based on the value of each Performance Unit at
the end of the number of Valuation Periods set by the Committee in accordance with Section 10(A).01.” 
 13. The second
sentence of Section 10(A).02 is amended, effective January 1, 2005, by the deletion of the clause “As soon as practicable after the expiration of the Valuation Period as the audited financial statements of the Corporation for the
preceding calendar year are available to the Committee,” and the insertion of “Between January 1 and March 15 after the expiration of the Valuation Periods” in place thereof. 
 14. Section 10(A).03 is amended, effective January 1, 2005, by the deletion of the phrase “, in the Committee’s
discretion,” in the third sentence, and the insertion of the phrase “, in accordance with Sections 10(A).04 and 10(A).05,” in place thereof. 
 15. Section 10(A).04 is amended, effective January 1, 2005, by the deletion of the phrase “as soon as practicable” in the first sentence and the insertion of the phrase “between
January 1 and March 15” in place thereof. 
 16. Section 10(A).05 is amended, effective January 1, 2005, by
the deletion of the phrase “single sum as soon as practicable” and the insertion of the phrase “single sum cash payment between January 1 and March 15” in place thereof. 
 17. The following new Section 10(A).07 is added to Article X(A) of the Plan, effective January 1, 2005: 
 “10(A).07 No Acceleration or Delay. The Committee shall not have the discretionary authority to accelerate or delay any cash
payment or issuance of shares underlying Performance Unit awards that constitute a deferral of compensation within the meaning of Section 409A, except to the extent that such acceleration or delay is permitted under Section 409A.”

  

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 18. The following new Section 10(A).08 is added to Article X(A) of the Plan, effective
January 1, 2005: 
 “10(A).08 Specified Employees. Notwithstanding any provisions of this Article X(A) or any
other provision of the Plan to the contrary, if the Participant is a Specified Employee, to the extent that Performance Unit awards constitute “nonqualified deferred compensation” within the meaning of Section 409A and no exception
applies and such Performance Unit awards are deemed to be paid upon a Separation from Service, such Performance Unit awards will not be paid and/or issued until the earliest of (i) the date of such Specified Employee’s death, (ii) the
earliest date permitted under Section 409A, or (iii) the first business day of the seventh (7th) month following such Specified Employee’s Separation from Service, at which time Performance Unit awards otherwise due during the
first six (6) months following such Specified Employee’s Separation from Service shall be paid and/or issued in a single sum on the first business day of such seventh month.” 
 19. The last sentence of the last paragraph of Article XI is amended, effective January 1, 2005, by the deletion of the phrase “as the
Committee, in its discretion, determines is appropriate” and the insertion of the phrase “in compliance with Section 409A (including, except in the case of incentive stock options, adjustment in the manner described in Treasury
Regulation Section 1.409A-1(b)(5)(v)(D))” in place thereof. 
 20. The first sentence of Article XII is amended, effective
January 1, 2005, by inserting in the parenthetical before the word “withholding” the words “reporting and.” 
 21. Section 13.04 is amended, effective January 1, 2005, by inserting words “or Section 409A” after the parenthetical “(relating to stock options).” 
 22. The following new Article XVII is added the Plan, effective January 1, 2005: 
 “Article XVII 
 SECTION 409A 
 To the extent applicable, BB&T intends that the Plan comply with Section 409A, and the Plan shall be construed in a manner to
comply with Section 409A. Should any provision of the Plan or an Agreement be found not in compliance with Section 409A, Participants shall be contractually bound to execute any and all amendments to awards necessary and required by legal
counsel of BB&T to achieve compliance with Section 409A. Notwithstanding any other provision of the Plan, the tax treatment of awards under the 

  

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Plan shall not be, and is not, warranted or guaranteed. Neither BB&T, the Board, the Committee, any Subsidiary, nor any of their delegatees shall be held
liable for any taxes, penalties, or other monetary amounts owed by a Participant, his beneficiary, or other person as a result of the grant, modification, or amendment of an award or the adoption, modification, amendment, or administration of the
Plan.” 
 IN WITNESS WHEREOF, this 409A Declaration of Amendment is executed on behalf of BB&T Corporation on the day and year first
above written. 
  

			
	BB&T CORPORATION
		
	By:	 	 /s/    Robert E. Greene

	Title:	 	 Senior Executive Vice President

  

			
	ATTEST:
	
	 /s/    Frances B. Jones

	Title:
	[Corporate Seal]

  

 - 5 -Exhibit 10.4.a

 Exhibit 10.4.a 
 2008 DECLARATION OF AMENDMENT TO 
 BB&T CORPORATION AMENDED AND RESTATED 
 2004 STOCK INCENTIVE PLAN 
 THIS 2008 DECLARATION OF AMENDMENT to the BB&T Corporation Amended and Restated 2004 Stock
Incentive Plan (the “Plan”) is executed on the 28th day of October, 2008, by BB&T CORPORATION (the “Corporation”).

 RECITALS: 
 It is
deemed advisable to amend the Plan in order to change the definition of date of exercise, to clarify the definition of Retirement under the Plan, and to add a reference to evidence of stock ownership in addition to certificates. 
 NOW, THEREFORE, IT IS DECLARED, that, by action of the Board of Directors of BB&T Corporation on the 28th day of October, 2008, the Plan is amended,
effective October 28, 2008, as follows: 
 1. By deleting the last sentence of Section 6.06(b) of the Plan in its entirety and
inserting the following in lieu thereof: 
 “The date of exercise means (i) with respect to the exercise of an Option in which
shares of Common Stock relating to such Option are sold in the market, the date, after the optionee delivers an exercise notice to BB&T or its designee specifying the number of shares in respect of which the Option is being exercised and such
other representations and agreements as may be required by BB&T or its designee, that the shares of Common Stock relating to such Option are sold in the market; and (ii) with respect to all other Option exercises, the date notice of
exercise is received by BB&T or its designee; provided, however, if such notice is received by BB&T or its designee after the market closes on such day of receipt, the date of exercise means the next trading day of the Common Stock.”

 2. By deleting the period at the end of the last sentence of Section 7.06(b) of the Plan and inserting the following at the end
thereof: 
 “; provided, however, if such notice is received by BB&T or its designee after the market closes on such day of receipt,
the date of exercise means the next trading day of Common Stock.” 

 3. By deleting Section 1.33 of the Plan in its entirety and inserting the following in lieu thereof:

 “1.33. Retirement means that a Participant has incurred a Separation from Service on or after his earliest
early retirement date. As used herein, the “earliest early retirement date” of a Participant who incurs a Separation from Service is, (i) if the Participant is an Employee, either the Employee’s attainment of at least age
55 with at least 10 years of service with BB&T and/or an Affiliate or, in the event the Employee has not attained at least age 55 with at least 10 years of service, the Employee’s attainment of at least age 65 with at least 5 years
of service with BB&T and/or an Affiliate; and (ii) if the Participant is a non-employee Director, the non-employee Director’s attainment of at least the age of retirement specified in BB&T Corporation’s policies and procedures
applicable to Directors as the retirement age for non-employee Directors.” 
 4. By inserting “(or other evidence of Common Stock
ownership, including, without limitation, a direct registration system book entry account)” at the end of the first sentence of Section 16.01, and after the phrases “shares of Common Stock” and “certificate(s) for
shares” in the second and third sentences of Section 16.01. 
 IN WITNESS WHEREOF, this 2008 Declaration of Amendment is executed
on behalf of BB&T Corporation on the day and year first above written. 
  

			
	BB&T CORPORATION
		
	By:	 	 /s/    Robert E. Greene

	Title:	 	Senior Executive Vice President

  

	
	ATTEST:
	
	 /s/    Frances B. Jones

	Title:
	
	[Corporate Seal]

  

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