Document:

Exhibit 4.7

 Exhibit 4.7 
 BB&T CORPORATION 
 SECOND SUPPLEMENTAL INDENTURE

 Dated as of September 24, 2004 
 To 
 INDENTURE REGARDING SUBORDINATED SECURITIES 
 Dated as of May 24, 1996 
 As Amended by the First Supplemental Indenture 
 Dated as of
December 23, 2003 
 by And between BB&T and the Trustee 
 U.S. BANK NATIONAL ASSOCIATION, 
 as Trustee 
  
  
 SECOND
SUPPLEMENTAL INDENTURE 
 This SECOND SUPPLEMENTAL INDENTURE, dated as of September 24, 2004 (the “Second Supplemental
Indenture”), is made and entered into by and between BB&T Corporation, a North Carolina corporation formerly known as Southern National Corporation (“BB&T”), and U.S. Bank National Association, a national banking association,
successor to the corporate trust business of State Street Bank and Trust Company, as trustee (the “Trustee”), under the Indenture Regarding Subordinated Securities, dated as of May 24, 1996, as amended by the First Supplemental
Indenture dated as of December 23, 2003 by and between BB&T and the Trustee (the “Indenture”). 
 Recitals

 WHEREAS, BB&T and the Trustee are parties to the Indenture which provides, pursuant to Section 2.01 and subject to compliance
with other terms of the Indenture, for the issuance of an unlimited amount of Securities; 
 WHEREAS, Section 9.02 of the Indenture
provides, among other things, that BB&T and the Trustee may amend the Indenture with the consents of holders of not less than 51% of the aggregate principal amount of the Securities at the time Outstanding of each series affected by such
supplemental indenture, to add, change, or eliminate any of the provisions of the Indenture or modify the rights of the holders of the Securities of each series (subject to certain exceptions); 
 WHEREAS, Section 9.04 of the Indenture provides, among other things, that once Securities of a series have been modified to conform with a supplemental
indenture, and have been prepared and executed by the Company and authenticated by the Trustee, such Securities may be delivered for the Outstanding Securities of such series in accordance with Section 2.06; 
 WHEREAS, BB&T desires to amend the Indenture pursuant to Section 9.02 to remove Section 4.06 and Section 4.07 and subsections (c), (d),
(e) and (f) of Section 5.01 with respect to the 6.50% Subordinated Notes due 2011 and the 4.75% Subordinated Notes due 2012 (collectively the “Notes”) as set forth in Section 1 under the heading “Amendments to
Indenture And Notes”; 

 WHEREAS, Section 9.01 of the Indenture provides, among other things, that BB&T and the Trustee may
amend the Indenture without the consent of the holders of any Securities to cure any ambiguity or to correct or supplement any provision contained in the Indenture or in any supplemental indenture that may be defective or inconsistent with any other
provision contained in the Indenture or in any supplemental indenture, or to make such other provisions in regard to matters or questions arising under the Indenture that shall not adversely affect the interests of the holders of Outstanding
Securities of any series or any related coupons; 
 WHEREAS, BB&T desires to amend the Indenture pursuant to Section 9.01 to remove
subsections (c), (d), (e) and (f) of Section 5.01 with respect to all series of Securities (as defined in the Indenture) to be issued on and after the date hereof under the Indenture as set forth in Section 2 under the
heading “Amendments to Indenture and Notes”; 
 WHEREAS, the Executive Committee of the Board of Directors of BB&T (the
“Executive Committee”) is duly authorized to act for the Board of Directors with respect to this Second Supplemental Indenture; 
 WHEREAS, the Executive Committee has, by action duly taken, approved the form of this Second Supplemental Indenture, the obtaining of the necessary consents of the holders of the Notes to the proposed amendments to the Indenture and Notes
set forth in Section 1 under the heading “Amendments to Indenture and Notes,” as required under Section 9.02 of the Indenture, and the actions and other matters set forth in this Second Supplemental Indenture, and authorized the
execution and delivery of this Second Supplemental Indenture promptly upon receipt of the consents of the holders of not less than 51% of the aggregate principal amount of each series of the Notes to the proposed amendments to the Indenture and the
Notes set forth in Section 1 under the heading “Amendments to Indenture and Notes”; 
 WHEREAS, the consents of holders of at
least 51% of the aggregate principal amount of each series of the Notes has been obtained with respect to the proposed amendments set forth in Section 1 under the heading “Amendments to Indenture and Notes;” and 
 WHEREAS, BB&T and the Trustee are executing and delivering this Second Supplemental Indenture in order to provide therefor. 
 NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, it is mutually agreed, for the benefit of
each other and for the equal and ratable benefit of all holders of Securities: 
 Ratification 
 This Second Supplemental Indenture constitutes an integral part of, is supplemental to, and is entered into in accordance with Section 9.01,
Section 9.02 and Section 9.04 of the Indenture and, except as modified, amended and supplemented by this Second Supplemental Indenture, the provisions of the Indenture are ratified and confirmed in all respects and shall remain in full
force and effect. The Indenture, as amended by this Second Supplemental Indenture, is in all respects acknowledged, ratified and confirmed. All provisions of this Second Supplemental Indenture shall be deemed to be incorporated in, and made a part
of the Indenture, and the Indenture, as supplemented and amended by this Second Supplemental Indenture, shall be read, taken and construed as one and the same instrument. 

 Amendments to Indenture and Notes 
 1. Amendments Regarding the Notes. The Indenture is hereby amended by deleting in their entirety from the Indenture Sections 4.06 and 4.07 and
subsections (c), (d), (e) and (f) of Section 5.01 with respect to the Notes. 
 The faces of the Notes are hereby amended by
adding the following legend language: “This Security is not a deposit or other obligation of an insured depository institution and is not insured by the Federal Deposit Insurance Corporation or any other governmental agency”. 

2. Amendments Regarding Future Securities. The Indenture is hereby amended by deleting subsections (c), (d), (e) and (f) of
Section 5.01 with respect to all series of Securities issued on or after the date of this Second Supplemental Indenture. 
 3. No
Further Amendment. This Second Supplemental Indenture shall in no way amend or otherwise alter or affect the terms and provisions of any series of Securities issued prior to the date of this Second Supplemental Indenture (other than the Notes)
unless specifically stated herein. 
 General 
 1. Definitions. All capitalized terms used in this Second Supplemental Indenture that are defined in the Indenture have the respective meanings assigned to them therein, except to the extent
such terms are otherwise defined in this Second Supplemental Indenture or the context clearly requires otherwise. 
 2. Trustee Makes No
Representations. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture. The recitals and statements herein are deemed to be those of BB&T and not of the Trustee. 
 3. Effectiveness. This Second Supplemental Indenture is effective as of September 24, 2004. 
 4. Provisions Binding on Successors. All the covenants, stipulations, promises and agreements contained in this Second Supplemental Indenture by
BB&T shall bind its successors and assigns whether so expressed or not. 
 5. GOVERNING LAW. THIS SECOND SUPPLEMENTAL
INDENTURE AND EACH SECURITY SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

 6. Trust Indenture Act to Control. If and to the extent that any provision of this Second
Supplemental Indenture limits, qualifies or conflicts with another provision hereof or with the Indenture which is required to be included in this Second Supplemental Indenture or in the Indenture by the Trust Indenture Act of 1939, as amended, such
required provision shall control. 
 7. Effect of Headings. The titles and headings of the articles and sections of this Second
Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions of this Second Supplemental Indenture. 
 8. Execution in Counterparts. This Second Supplemental Indenture may be executed in any number of counterparts, each of which shall be an
original, but such counterparts shall together constitute but one and the same instrument. 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed as
of the date first above written. 
  

			
	BB&T CORPORATION
		
	By:	 	/s/ Scott E. Reed
	Name:	 	Scott E. Reed
	Title:	 	 Senior Executive Vice President
 and Chief Financial Officer

 Attest: 

			
		
	By:	 	/s/ Edward D. Vest
	Name:	 	Edward D. Vest
	Title:	 	 Senior Vice President
 and
Corporate Controller

  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	/s/ Gerald R. Wheeler
	Name:	 	Gerald R. Wheeler
	Title:	 	Vice President

 Attest: 

			
		
	By:	 	/s/ Donald E. Smith
	Name:	 	Donald E. Smith
	Title:	 	Vice PresidentExhibit 10.36

 Exhibit 10.36 
 FIRST VIRGINIA BANKS, INC. 
 1986 KEY EMPLOYEE SALARY
REDUCTION DEFERRED COMPENSATION PLAN 

 FIRST VIRGINIA BANKS, INC.  
 1986 KEY EMPLOYEE SALARY REDUCTION DEFERRED COMPENSATION PLAN 
 TABLE OF CONTENTS 
  

			
	 Section
	  	Page No.
	 ARTICLE I
	  	
		
	 Purpose of the Plan - Effective Date
	  	
	 Section 1.01 Purpose
	  	1
	 Section 1.02 Effective Date
	  	1
	 ARTICLE II
	  	
		
	 Definitions
	  	
	 Section 2.01 Beneficiary
	  	1
	 Section 2.02 Board of Directors
	  	1
	 Section 2.03 Committee
	  	1
	 Section 2.04 Compensation
	  	1
	 Section 2.05 Corporation
	  	1
	 Section 2.06 Deferred Compensation Agreement
	  	1
	 Section 2.07 Disability
	  	1
	 Section 2.08 Employee
	  	2
	 Section 2.09 Employer
	  	2
	 Section 2.10 Highly Paid Employee
	  	3
	 Section 2.11 Insurance Company
	  	3
	 Section 2.12 Participant
	  	3
	 Section 2.13 Pension Trust Plan
	  	3
	 Section 2.14 Plan
	  	3
	 Section 2.15 Plan Year
	  	3
	 Section 2.16 Policy
	  	3
	 Section 2.17 Reduction Period
	  	3
	 Section 2.18 Secondary Beneficiary
	  	3
	 ARTICLE III
	  	
		
	 Administration
	  	
	 Section 3.01 Administration
	  	3
	 ARTICLE IV
	  	
		
	 Eligibility
	  	4
	 Section 4.01 Eligibility
	  	
	 ARTICLE V
	  	
		
	 Participation and Deferral
	  	
	 Section 5.01 Participation
	  	4

  

 i 

			
	 Section 5.02 Deferral of Compensation
	  	4
	 ARTICLE VI
	  	
		
	 Benefits
	  	
	 Section 6.01 Normal Retirement Benefits
	  	5
	 Section 6.02 Early Retirement Benefits
	  	5
	 Section 6.03 Termination of Participation
	  	5
	 Section 6.04 Pre-Retirement Survivor Benefits
	  	6
	 Section 6.05 Benefits After Payments Begin Under This Plan
	  	6
	 ARTICLE VII
	  	
		
	 Discretionary Purchase of Policies
	  	
	 Section 7.01 Discretionary Purchase of Policies
	  	6
	 Section 7.02 Interest of Participant
	  	6
	 ARTICLE VIII
	  	
		
	 Termination and Amendment
	  	
	 Section 8.01 Termination and Amendment
	  	7
	 ARTICLE IX
	  	
		
	 Claims Procedure
	  	
	 Section 9.01 Determination
	  	7
	 Section 9.02 Review
	  	7
	 ARTICLE X
	  	
		
	 Miscellaneous Provisions
	  	
	 Section 10.01 General Undertaking
	  	8
	 Section 10.02 Binds Heirs, etc
	  	8
	 Section 10.03 No Guarantee of Employment
	  	8
	 Section 10.04 Nonalienation of Benefits
	  	8
	 Section 10.05 Withholding
	  	8
	 Section 10.06 Gender and Number
	  	8
	 Section 10.07 Titles and Headings
	  	8
	 Section 10.08 Governing Law
	  	8
	 Section 10.09 Prevention of Escheat
	  	8
	 Section 10.10 Separability Clause
	  	9

  

 ii 

 FIRST VIRGINIA BANKS, INC.  
 1986 KEY EMPLOYEE SALARY REDUCTION DEFERRED COMPENSATION PLAN 
 Purpose of the Plan - Effective Date 
 Purpose. The purpose of this Plan is to provide key
Employees of First Virginia Banks, Inc. or its subsidiaries with the opportunity to receive supplemental retirement benefits and to provide for the payment of survivor benefits in the event of death before the date on which retirement payments are
scheduled to commence under the Plan. An additional purpose is to establish a method of paying additional compensation that will aid First Virginia Banks, Inc. and its subsidiaries in continuing to attract and retain as Employees persons whose
abilities, experience and judgment can contribute to the continued progress of First Virginia Banks, Inc. and its subsidiaries. 
 Effective
Date. This Plan shall be effective January 1, 1986. 
 Definitions 
 Beneficiary. Shall mean the person or persons designated by a Participant in a Designation of Beneficiary Form filed with the Corporation’s Secretary to receive payments under the Plan after
the Participant’s death. 
 Board of Directors. Shall mean the Board of Directors of the Corporation, sometimes referred to as the
Board.  
 Committee. Shall mean the Executive Committee of the Board. 
 Compensation. Shall mean the basic rate of annual remuneration being paid to an Employee. No bonuses, overtime pay, commissions or other type of
additions to basic remuneration shall be taken into consideration. 
 Corporation. Shall mean First Virginia Banks, Inc. and its
successors and assigns. 
 Deferred Compensation Agreement. Shall mean a written agreement between a Participant and the Corporation,
pursuant to which a Participant agrees to a deferral of his compensation and the Corporation agrees to pay retirement or survivor benefits in accordance with the terms of the Plan and the agreement. 
 Disability. Shall mean the incapacity of a Participant by reason of bodily injury or disease which prevents the Participant from performing each and
all the material duties of his own occupation with the Employer or any occupation or employment for wage or profit for which he is

 
reasonably qualified by education, training or experience as determined by the Committee with the advice of one or more physicians. A determination with respect to a Participant’s Disability
shall be as of the date on which the Disability commenced. 
 Employee. Shall mean an individual who is employed by an Employer and is on
the payroll of such Employer.  
 Employer. Shall mean the Corporation and its subsidiaries. 
 The term “Employer” shall be used throughout this Plan to designate the respective Employer entities unless the context demands
otherwise, and each Employer shall be deemed such only as to those Participants who are on its payroll and in each case only to the extent of the Compensation which it pays to each of those Participants. 

 Highly Paid Employee. Shall mean an Employee who is receiving Compensation equal to or greater than
Forty Seven Thousand Five Hundred Dollars ($47,500) or such other amount as may be established from time to time by the Committee. 
 Insurance Company. Shall mean any legal reserve life insurance company which shall issue a Policy in accordance with Article VII of this Plan. 
 Participant. Shall mean an Employee who is eligible and becomes covered under Articles IV and V of this Plan. 
 Pension Trust Plan. Shall mean the First Virginia Pension Trust Plan as currently in effect and as the same may be amended from time to time and any successor thereto or replacement thereof.

 Plan. Shall mean the Corporation’s 1986 Key Employee Salary Reduction Deferred Compensation Plan as set forth herein and as it
may be amended from time to time. 
 Plan Year. Shall mean a twelve (12) consecutive month period which shall begin on
January 1 and end on December 31.  
 Policy. Shall mean any life insurance policy purchased by the Corporation on the
life of a Participant. 
 Reduction Period. Shall mean a period of five (5) consecutive Plan Years, the first period beginning
January 1,1986 and ending on December 31, 1990. 
 Secondary Beneficiary. Shall mean the person or persons designated by a
Participant in a Designation of Beneficiary Form filed with the Corporation’s Secretary to receive payments under the Plan if the Participant’s primary Beneficiary should predecease Participant. 
 Administration  
 Administration.
This Plan will be administered by and under the direction of the Committee. The Committee shall adopt, and may from time to time modify or amend, such rules and guidelines consistent herewith as it deems necessary or appropriate for carrying out
the provisions and purposes of the Plan, which, upon its adoption and so long as in effect, shall be deemed a part hereof to the same extent as if set forth in the Plan (hereinafter referred to as the “Administrative Guidelines”). If any
matter pertaining to the individual participation of a member of the Committee comes up for action of the Committee, that member shall be disqualified to act upon the particular matter, which matter shall be resolved by the remaining members of the
Committee. Any interpretation and construction by the Committee of any provision of, and the determination of any question arising under, the Plan, the Administrative Guidelines, and any Deferred Compensation Agreement under the Plan, shall be final
and conclusive. 

 The Corporation shall maintain accurate bookkeeping accounts with respect to each
Participant’s Compensation credited and deferred under his Deferred Compensation Agreement. 
 Eligibility 
 Eligibility. Each Highly Paid Employee who is a key Employee designated by the Committee and who satisfies such medical requirements as the Committee
may impose, shall be eligible to participate in the Plan. 
 Participation and Deferral 
 Participation. An eligible Employee may become a Participant by completing a Deferred Compensation Agreement and filing it with the
Corporation’s Secretary prior to the beginning of a Plan Year. The effective date of participation will be the first day of the Plan Year after the Deferred Compensation Agreement has been filed. In the Deferred Compensation Agreement, the
Participant must indicate (a) the amount of Compensation the Participant wishes to defer (which must be at least One Thousand Dollars ($1,000), and must be in multiples of One Thousand Dollars ($1,000)), and (b) the three specific Plan
Years during the Reduction Period in which the Participant wishes to defer. A Participant may redesignate the specific Plan Years during the Reduction Period in which he wishes to defer by entering into a new Deferred Compensation Agreement and
redesignating the new Plan Years on the new Deferred Compensation Agreement, provided, however, that the new Deferred Compensation Agreement is executed prior to the beginning of a redesignated Plan Year. In this case, the new Deferred Compensation
Agreement would amend the old Agreement. Otherwise, the Deferred Compensation Agreement is irrevocable and may not be amended prior to the completion of the deferrals. 
 A Participant may increase the amount deferred by entering into a new Deferred Compensation Agreement for the increase amount, subject to approval of the Committee. Execution of a new Deferred
Compensation Agreement will result in a new Reduction Period for the increased deferral amount. A new Deferred Compensation Agreement will be in addition to, and not supersede, any existing Deferred Compensation Agreement. Participation in the Plan
will be determined separately for each Deferred Compensation Agreement. 
 Deferral of Compensation. The Employer shall defer payment of
the Participant’s Compensation in the manner and amount stated in his Deferred Compensation Agreement. Deferrals shall cease automatically once a Participant has deferred the total amount specified in his Deferred Compensation Agreement.

 If a Participant is receiving long-term disability benefits from the Corporation’s Long-Term Disability Plan and suffers
from a Disability during any of the Plan Years in which deferments are to be made such that Participant cannot continue his deferments as indicated in

 
the Deferred Compensation Agreement, none of the Participant’s benefits under the Plan shall be in any way reduced solely because the Participant cannot defer while under such a Disability.
The Participant’s participation in the Plan will continue as if the Participant continued to make, and the Participant will be given credit for as if he had made, the deferments during the period of the Disability. If the Participant’s
Disability ends prior to the Reduction Period, the Participant must resume making deferments in accordance with his Deferred Compensation Agreement. 
 Benefits 
 Normal Retirement Benefits. A Participant who has made sufficient deferrals for at least one Plan Year and who is
sixty-five (65) years old, shall be entitled to receive Normal Retirement Benefits under this Plan. Normal Retirement Benefits shall be equal to the amount specified in the Participant’s Deferred Compensation Agreement multiplied by the
ratio (expressed to the nearest thousandth of a percent) of: (a) the amount of deferrals the Participant has made pursuant to the terms of his Deferred Compensation Agreement to (b) the total amount of deferrals that the Participant
indicated in his Deferred Compensation Agreement he would make during the Reduction Period. This amount shall be payable by the Corporation in fifteen (15) equal annual payments. The first payment shall begin on the later of: (a) the first
day of the month following the last day of the Reduction Period, or (b) the first day of the month following the Participant’s sixty-fifth (65th) birthday, and subsequent payments shall be made on the same day of each subsequent year.

 Early Retirement Benefits. In lieu of Normal Retirement Benefits, a Participant who has made sufficient deferrals for at least one
Plan Year and who is retired and eligible for an earlier retirement benefit under the Pension Trust Plan may elect to receive Early Retirement Benefits under this Plan. Early Retirement Benefits shall be equal to the amount specified in the
Participant’s Deferred Compensation Agreement multiplied by the ratio (expressed to the nearest thousandth of a percent) of: (a) the amount of deferrals the Participant has made pursuant to the terms of his Deferred Compensation Agreement
to (b) the total amount of deferrals that the Participant indicated in his Deferred Compensation Agreement he would make during the Reduction Period. This amount shall be payable by the Corporation in fifteen (15) equal annual payments.
The first payment shall begin on the later of: (a) the first day of the month following the last day of the Reduction Period, or (b) the first day of the month following the date on which Participant retires under the earlier retirement
provisions under the Plan, and subsequent payments shall be made on the same day of each subsequent year. 
 Termination of Participation.
A Participant’s participation will be terminated under the Plan only by Participant’s failure to complete deferrals for the first Plan Year that Participant has designated in his Deferred Compensation Agreement as the first Plan Year
to defer, for any reason other than death. If Participant’s participation is terminated, then he shall receive a lump sum payment of the total amount of his Compensation deferred within sixty (60) days after the first day of the month
following his termination of participation. The effective date of termination shall be the date of termination of employment if Employee’s employment is

  

 8 

 
terminated prior to completing deferrals for at least one Plan Year; otherwise, the date of termination shall be the first date of the next Plan Year following the first Plan Year designated by
Participant as the first Plan Year to defer. 
 The transfer of a Participant from the payroll of one of the Employers hereunder
to the payroll of one or more of the other Employers hereunder shall not be construed as a termination of employment for purposes of this Plan. 
 Pre-Retirement Survivor Benefits. Provided that a Participant’s participation in the Plan has not been terminated and Participant has not been paid any retirement benefits under his Deferred Compensation Agreement, then, upon
Participant’s death, Participant’s Beneficiary (or Secondary Beneficiary, as the case may be) shall be entitled to receive the pre-retirement survivor benefits specified in the Participant’s Deferred Compensation Agreement. This
amount shall be payable by the Corporation in fifteen (15) equal annual payments. The first payment shall be made as of the first day of the second month following the Participant’s death and subsequent payments shall be made on the same
day of each subsequent year. 
 Benefits After Payments Begin Under This Plan. If a Participant should die after having been paid at
least one payment of retirement benefits under either Section 6.01 or 6.02 of this Plan, the Participant’s Beneficiary (or Secondary Beneficiary, as the case may be) shall be entitled to receive the remaining retirement benefits payable to
Participant at the same time and in the same manner as Participant would have received them. 
 If Participant’s
Beneficiary (or Secondary Beneficiary) should die after having been paid at least one payment of survivor benefits, then the remaining survivor benefits shall be paid pursuant to the Last Will and Testament of the said Beneficiary (or Secondary
Beneficiary) or in the absence of such a Will being admitted to probate within one year from the date of death, then to the Personal Representative of the said Beneficiary (or Secondary Beneficiary). Such payments shall be made at the same time and
in the same manner as said Beneficiary (or Secondary Beneficiary) would have received them. 
 Discretionary Purchase of Policies 
 Discretionary Purchase of Policies. The Corporation may, but shall not be required to, offset its obligations under this Plan through the purchase of
life insurance on the life of each Participant. Each Participant agrees to cooperate in the securing of life insurance on the Participant’s life by furnishing such information as the Corporation and the Insurance Company may require, taking
such physical examinations as may be necessary and taking any other such action as may be requested by the Corporation and the Insurance Company to obtain such insurance coverage. If any Participant refuses to cooperate in the securing of life
insurance, the Corporation shall have no further obligation to that Participant under this Plan. 
 Interest of Participant. Neither the
Participant nor any Beneficiary shall have any interest in any Policy purchased under Section 7.01 nor in any other assets of the Corporation. The

 
Participant’s and Beneficiary’s only interest hereunder shall be the right to receive the benefits provided under the Plan. Nothing in this Plan shall be construed as the creation by
the Corporation of an escrow account or trust fund or as any other form of asset segregation, it being the intention and understanding of the parties that the Corporation’s obligations under this Plan shall be unfunded and that the Participant
and any Beneficiary shall, as to claims under this Plan, be no more than a general creditor of the Corporation. 
 Termination and Amendment

 Termination and Amendment. The Board of Directors of the Corporation reserves in its sole and exclusive discretion the right at any
time, and from time to time, to amend this Plan in any respect or terminate this Plan without restriction and without the consent of any Participant, Beneficiary, or Secondary Beneficiary, provided, however, that neither termination nor any
amendment of the Plan may, without written approval of a Participant, reduce or terminate any benefit to or in respect of a Participant under this Plan. 
 Claims Procedure  
 Determination. The Committee shall be responsible for
determining all claims for benefits under this Plan. Within ninety (90) days after receiving a claim, the Committee shall notify a claimant of its decision. If the decision is adverse to the claimant, the Committee shall advise him of the
reasons for the decision, of the Plan provisions involved, of any additional information he must provide to perfect this claim and of his right to request a review of the decision. 
 Review. A claimant may request a review of an adverse decision by written request to the Committee made within sixty (60) days after receipt of the decision. The review shall be conducted by a
separate committee consisting of three persons designated or appointed by the Committee. The separate committee shall afford the claimant a hearing and the opportunity to review all pertinent documents and submit issues and comment orally and in
writing and shall render a review decision in writing all within sixty (60) days after receipt of a request for a review. The claimant shall receive written notice of the separate committee’s review decision, together with specific reasons
for the decision and reference to the pertinent provisions of the Plan. The decision of the review committee shall be final and binding on the Corporation and Participant. 

 Miscellaneous Provisions 
 General Undertaking. All parties to this Plan and all persons claiming any interest whatsoever hereunder agree to perform any and all acts and execute any and all documents and papers which may be
necessary or desirable for the carrying out of this Plan or any of its provisions. 
 Binds Heirs, etc. This Plan shall be binding upon
the heirs, executors, administrators, successors and assigns, as such terms shall apply, of any and all parties hereto, present and future. 
 No Guarantee of Employment. Nothing contained herein shall be deemed to give any individual the right to be retained in the service of the Employer or to interfere with the rights of the Employer to discharge any individual at any
time, with or without cause. 
 Nonalienation of Benefits. No benefits payable hereunder may be assigned, pledged, mortgaged or
hypothecated and, to the extent permitted by law, no such benefits shall be subject to legal process or attachment for the payment of any claims against any person entitled to receive the same provided, however, that nothing herein shall be deemed
to affect the rights of the Participant’s Beneficiary (or Secondary Beneficiary) to appoint the same by his or her Last Will and Testament. 
 Withholding. Deferrals by a Participant under this Plan and payments made by the Corporation under this Plan shall be subject to withholding at the time of such deferral or payment, as shall be required under any income tax or other
law, whether of the United States or any other jurisdiction. 
 Gender and Number. The masculine pronoun wherever used herein shall
include the feminine gender and the feminine the masculine, and the singular number as used herein shall include the plural and the plural the singular, unless the context clearly indicates a different meaning. 
 Titles and Headings. The titles to Articles and headings of Sections or subsections of this Plan are for convenience of reference and, in case of any
conflict, the text of the Plan, rather than titles and headings, shall control. 
 Governing Law. The validity, construction and effect
of the provisions of this Plan in all respects shall be governed and regulated according to and by the laws of the Commonwealth of Virginia and to the extent the laws of the Commonwealth of Virginia are superseded, by the laws of the United States
of America. 
 Prevention of Escheat. If the Committee cannot ascertain the whereabouts of any persons to whom a payment is due under the
Plan, and if, after three (3) years from the date such payment is due, a notice of such payment due is mailed to the last known address of such person, as shown on the records of the Committee, and within three (3) months after such
mailing such person has not made written claim therefor, the Committee, if it so elects, may direct that such payment and all remaining payments otherwise due to such person be cancelled on the records of the Plan, and upon such cancellation,
Corporation shall have no further liability therefor. 
 Separability Clause. The invalidity or unenforceability of any provision of this
Plan shall in no way affect the validity or enforceability of any other provision. 

 FIRST VIRGINIA BANKS, INC. 
 KEY EMPLOYEE SALARY REDUCTION DEFERRED COMPENSATION PLAN 

 FIRST VIRGINIA BANKS, INC.  
 KEY EMPLOYEE SALARY REDUCTION DEFERRED COMPENSATION PLAN 
 TABLE OF CONTENTS 
  

			
	 	  	Page No.
	 ARTICLE I
	  	
	 Purpose of the Plan - Effective Date
	  	
	 Section 1.01 – Purpose
	  	3
	 Section 1.02 - Effective Date
	  	3
	 ARTICLE II
	  	
	 Definitions
	  	
	 Section 2.01 - Beneficiary
	  	3
	 Section 2.02 - Board of Directors
	  	3
	 Section 2.03 - Committee
	  	3
	 Section 2.04 - Compensation
	  	3
	 Section 2.05 - Corporation
	  	4
	 Section 2.06 - Election Form
	  	4
	 Section 2.07 - Employee
	  	4
	 Section 2.08 - Employer
	  	4
	 Section 2.09 - Highly Paid Employee
	  	4
	 Section 2.10 - Insurance Company
	  	4
	 Section 2.11 – Participant
	  	4
	 Section 2.12 - Pension Trust Plan
	  	4
	 Section 2.13 - Plan
	  	5
	 Section 2.14 - Plan Year
	  	5
	 Section 2.15 - Policy
	  	5
	 Section 2.16 - Reduction Period
	  	5
	 ARTICLE III
	  	
	 Administration
	  	
	 Section 3.01 - Administration
	  	5
	 ARTICLE IV
	  	
	 Eligibility
	  	
	 Section 4.01 - Eligibility
	  	6
	 ARTICLE V
	  	
	 Participation and Deferral
	  	
	 Section 5.01 - Participation
	  	6
	 Section 5.02 - Deferral of Compensation
	  	6
	 ARTICLE VI
	  	
	 Benefits
	  	
	 Section 6.01 - Normal Retirement Benefits
	  	7
	 Section 6.02 - Early Retirement Benefits
	  	7
	 Section 6.03 - Benefits Payable Upon a Change in Control
	  	8

			
	 Section 6.04 - Benefits Payable Upon Termination of Participation
	  	9
	 Section 6.05 - Pre-Retirement Survivor Benefits
	  	9
	 Section 6.06 - Survivor Benefits In Lieu of Retirement Benefits
	  	9
	 ARTICLE VII
	  	
	 Termination of Participation
	  	
	 Section 7.01 - Termination of Participation
	  	9
	 ARTICLE VIII
	  	
	 Discretionary Purchase of Policies
	  	
	 Section 8.01 - Discretionary Purchase of Policies
	  	10
	 Section 8.02 - Interest of Participant
	  	10
	 ARTICLE IX
	  	
	 Termination and Amendment
	  	
	 Section 9.01 - Termination and Amendment
	  	10
	 ARTICLE X
	  	
	 Claims Procedure
	  	
	 Section 10.01 - Determination
	  	11
	 Section 10.02 - Review
	  	11
	 Section 10.03 - Decision Binding
	  	11
	 ARTICLE XI
	  	
	 Miscellaneous Provisions
	  	
	 Section 11.01 - General Undertaking
	  	11
	 Section 11.02 - Binds Heirs, etc.
	  	12
	 Section 11.03 - No Guarantee of Employment
	  	12
	 Section 11.04 - Nonalienation of Benefits
	  	12
	 Section 11.05 - Withholding
	  	12
	 Section 11.06 - Gender and Number
	  	12
	 Section 11.07 - Titles and Headings
	  	12
	 Section 11.08 - Governing Law
	  	12
	 Section 11.09 - Prevention of Escheat
	  	12
	 Section 11.10 - Separability Clause
	  	13

  

 ii 

 FIRST VIRGINIA BANKS, INC.  
 KEY EMPLOYEE SALARY REDUCTION DEFERRED COMPENSATION PLAN 
 PURPOSE OF THE PLAN - EFFECTIVE DATE 
 - Purpose 
 The purpose of this Plan is to provide each key Employee of FIRST VIRGINIA BANKS, INC. or its subsidiaries with the opportunity to receive
supplemental retirement benefits and to provide for the payment of survivor benefits in the event of his death before the date on which retirement payments-are scheduled to commence under the Plan. An additional purpose is to establish a method of
paying additional compensation that will aid FIRST VIRGINIA BANKS, INC. and its subsidiaries in continuing to attract and retain as Employees persons whose abilities, experience and judgment can contribute to the continued progress of FIRST VIRGINIA
BANKS, INC. and its subsidiaries. 
 - Effective Date 
 This Plan shall be effective December 11, 1983. 
 DEFINITIONS 
 - Beneficiary 
 Shall mean
the person or persons (including a contingent beneficiary) designated by a Participant in a Participant Designation Form filed with the Corporation’s Secretary to receive payments under the Plan after the Participant’s death. 

- Board of Directors 
 Shall mean the Board of Directors of the Corporation, sometimes referred to as the Board. 
 - Committee 
 Shall mean the Executive Committee of the Board. 
 - Compensation 
 Shall mean the basic rate of annual remuneration being paid
to an Employee. No bonuses, overtime pay, commissions or other type of additions to basic remuneration shall be taken into consideration. 

 - Corporation 
 Shall mean FIRST VIRGINIA BANKS, INC., and its successors and assigns. 
 - Election Form

 Shall mean a form signed by a Participant pursuant to which the Participant agrees to a deferral of a specified amount of his
Compensation in consideration of the payment of retirement benefits (or survivor benefits in lieu thereof) in accordance with the terms of the Plan and his Election Form. 
 - Employee 
 Shall mean an individual who is employed by an Employer.

 - Employer 
 Shall mean the Corporation and its subsidiaries. 
 The term “Employer” shall be used throughout this Plan to
designate the respective Employer entities unless the context demands otherwise, and each Employer shall be deemed such only as to those Participants who are on its payroll and in each case only to the extent of the Compensation which it pays to
each of those Participants. 
 - Highly Paid Employee 
 Shall mean an Employee who is receiving Compensation equal to or greater than Forty Seven Thousand Five Hundred Dollars ($47,500) or such other amount as may be established from time to time by the Board.

 - Insurance Company 
 Shall mean any legal reserve life insurance company which shall issue a Policy in accordance with ARTICLE VIII of this Plan. 
 -
Participant 
 Shall mean an Employee who is eligible and becomes covered under ARTICLES IV and V of this Plan.

 - Pension Trust Plan 
 Shall mean the FIRST VIRGINIA PENSION TRUST PLAN as currently in effect and as the same may be amended from time to time and any successor thereto or replacement thereof. 

 - Plan 
 Shall mean the Corporation’s Key Employee Salary Reduction Deferred Compensation Plan, as set forth herein and as it may be amended from time to time. 
 - Plan Year 
 Shall mean a
..twelve (12) consecutive month period which shall begin on December 11 and end on December 10. 
 - Policy 
 Shall mean any life insurance policy purchased by the Corporation on the life of a Participant. 
 - Reduction Period 
 Shall
mean the period of seven (7) Plan Years following the effective date of a Participant’s Election Form under this Plan. 
 ADMINISTRATION 
 - Administration 
 This Plan will be administered by and under the direction of the Committee. The Committee shall adopt, and may from time to time modify or amend, such rules and guidelines consistent herewith as it deems
necessary or appropriate for carrying out the provisions and purposes of the Plan, which, upon its adoption and so long as in effect, shall be deemed a part hereof to the same extent as if set forth in the Plan (hereinafter referred to as the
“Administrative Guidelines”). If any matter pertaining to the individual participation of a member of the Committee comes up for action of the Committee, that member shall be disqualified to act upon the particular matter, which matter
shall be resolved by the remaining members of the Committee. Any interpretation and construction by the Committee of any provision of, and the determination of any question arising under, the Plan the Administrative Guidelines, and any Deferred
Compensation Agreement under the Plan, shall be final and conclusive. 
 The Corporation shall maintain accurate bookkeeping
accounts with respect to each Participant’s Compensation credited and deferred under his Election Form. 

 ELIGIBILITY 
 - Eligibility 
 Each Highly Paid Employee who is a key Employee designated
by the Board (upon recommendation of management) and who satisfies such medical requirements as the Committee may impose, shall be eligible to participate in the Plan. 
 PARTICIPATION AND DEFERRAL 
 - Participation 
 An eligible Employee may become a Participant effective only on the first day of a Plan Year. An eligible Employee becomes a Participant by
completing an Election Form. The Election Form must be executed and filed with the Corporation’s Secretary before the performance of services for the Plan Year for which Compensation is to be earned and deferred. Execution of the Election Form
will constitute an election to participate. 
 An election to participate must be made with respect to a stated amount (which
must be at least One Thousand Dollars ($1,000) and must be in multiples of One Thousand Dollars ($1,000)) of Compensation to be earned for any Plan Year covered in the election to participate. An election to participate, once filed, is irrevocable
for the Plan Year in which it is filed. An election to participate, once filed, applies to Compensation earned in later Plan Years in which a Participant is an Employee, unless revoked by written notice to the Corporation’s Secretary within
thirty (30) days before the Plan Year. 
 The amount deferred for each Plan Year for which deferrals are to be made during
the Reduction Period shall equal the amount specified in the Participant’s initial Election Form. However, a Participant may increase the amount deferred by entering into a new Election Form for the increased amount, subject to the approval of
the Committee. Execution of a new Election Form will result in a new Reduction Period for the increased deferral amount. A new Election Form will be in addition to, and not supersede, any existing Election Form. Participation in the Plan will be
determined separately for each Election Form. 
 - Deferral of Compensation 
 The Employer shall defer payment of the Participant’s Compensation as stated in his election to participate during any Plan Year in
which a Participant has an election to participate in effect. Deferrals shall be made at the time and in the manner specified in the Participant’s Election Form. Deferrals shall not be made during any Plan Year for which a Participant has made
an election not to have deferrals made. A Participant may elect- within thirty (30) days before each Plan Year not to have his Compensation deferred during the next Plan Year by so notifying (in writing) the Corporation’s Secretary. A
Participant may reinstitute the deferral as of

 
the beg-inning of any subsequent Plan Year if he so notifies the Corporation’s Secretary in writing within thirty (30) days prior to the beginning of such Plan Year. Deferrals shall
cease automatically once a Participant has deferred his Compensation for the number of Plan Years required to be entitled to benefits under the Plan. 
 If an Employee’s Compensation while still employed is interrupted during a Plan Year so that it is impossible for the Participant to defer the total amount that he elected to defer for that Plan
Year, that Plan Year shall be deemed to be a Plan Year for which the Participant had elected not to have deferrals made. The amount deferred during such Plan Year shall be applied toward the deferrals to be made by the Participant for the next Plan
Year for which the Participant has an election to participate in effect, and the amount to be deferred for such Plan Year shall be automatically adjusted to be the remaining amount necessary to equal the deferral amount stated in the
Participant’s Election Form. 
 BENEFITS 
 - Normal Retirement Benefits 
 A Participant who defers his Compensation for four (4) Plan Years within the
seven (7) Plan Years beginning coincident with or immediately succeeding the effective date of his Election Form (unless the Participant and the Corporation agree otherwise) and who is sixty-five (65) years old, shall be entitled to
receive Normal Retirement Benefits under this Plan. Normal Retirement Benefits shall be payable by the Corporation in fifteen (15) equal annual payments in the amount specified in the Participant’s Election Form. The first payment shall be
made on the later of the first-day of the month seven (7) Plan Years following the effective date of the Participant’s Election Form or the first day of the month following the Participant’s sixty-fifth (65th) birthday, and
subsequent payments shall be made on the same day of each subsequent year. 
 - Early Retirement Benefits 
 A Participant who defers his Compensation as specified in his Election Form for four (4) Plan Years within the seven (7) Plan Years
beginning coincident with or immediately succeeding the effective date of his Election Form and who is retired and eligible for an earlier retirement benefit under the Pension Trust Plan shall be entitled to Early Retirement Benefits under this
Plan. Early Retirement Benefits shall be payable by the Corporation in fifteen (15) equal annual payments in the amount specified in the Participant’s Election Form. The first payment shall be made on the later of the first day of the
month seven (7) Plan Years following the effective date of his Election Form or the first day of the month following the date on which the Participant retires under the earlier retirement provisions under the Plan, and subsequent payments shall
be made on the same day of each subsequent year. A Participant who is receiving Early Retirement Benefits under this Plan shall not be eligible for Normal Retirement Benefits under this Plan. 

 - Benefits Payable Upon a Change in Control 
 If there is a change in control of the Corporation and a Participant’s employment is terminated without cause or the Participant
voluntarily terminates employment for good reason at any time after the change in control, whether or not he has made the deferments required under Section 6.01, he shall nevertheless receive the Normal Retirement Benefits specified in
his Election Form. Regardless of the above, this provision shall not be effective if an Employee’s participation in the Plan is terminated before his employment is terminated. 
 A change in control shall mean a change of a nature that would be required to be reported in response to Item 5(f) of Schedule 14A of
Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (herein after called the Act) or similar reporting requirement; provided that, without limitation, a change in control shall be deemed to have occurred if any, person
(as that term is defined in Section 13(d) and 14(d) of the Act) other than the Corporation or any present Director or Officer of the Corporation is or becomes the beneficial owner (as that term is defined in Rule 13d-3 under the Act or similar
rule), directly or indirectly, of securities representing twenty-five percent (25%) or more of the voting power of the Corporation’s then outstanding securities or if during any two (2) consecutive years the individuals who constitute
the Board of Directors of the Corporation at the beginning of such period should cease to constitute a majority of the Board, unless the election of each subsequent Director has been approved in advance by Directors representing at least two-thirds
(2/3) of the Directors then in office who were Directors at the beginning of the two (2) year period. 
 For purposes
of this Plan, the termination of an Employee shall be considered to be for cause, whether it occurred by resignation or discharge if the reason for the termination of employment was the Participant’s proven or admitted embezzlement, dishonesty,
fraud, conviction on a felonious or other charge involving moral turpitude, all in connection with the Employer’s affairs, or his own willful or intentional injury to the Employer or its property, or to any of his fellow Employees in connection
with the Employer’s affairs or his conspiracy against the Employer. The Committee shall make the determination as to whether the termination is for cause in any case and subject to the claims procedure in ARTICLE X, such determination shall be
binding, final and conclusive on all concerned. For purposes of this Plan, a voluntary termination shall be considered to be for good reason if (a) without the express written consent of the Employee, he is assigned any duties substantially
inconsistent with his positions, duties, responsibilities and status with an Employer as in effect before the change in control, or his reporting responsibilities, titles or offices as in effect immediately prior to the change in control are
substantially changed or he is removed from or not re-elected to any of such positions, except in connection with the termination of his employment for cause, or as result of his substantial disability or death; (b) the Compensation of the
Employee as in effect immediately prior to the change in control as the same may be increased from time to time is substantially reduced; and (c) the Employer requires the Employee without his agreement to be based anywhere other than the
Employer’s principal executive offices, another location within the Commonwealth of Virginia or another location outside of the Commonwealth of Virginia that is more than one hundred miles from the location where he is based immediately prior
the change in control, except for required travel on the Employer’s business to an extent substantially consistent with his business travel obligations in effect immediately prior to the change in control. 

 - Benefits Payable Upon Termination of Participation 
 If a Participant’s participation is terminated under Section 7.01 of this Plan, he shall receive a lump sum payment of the
total amount of his Compensation deferred plus interest payable at six percent (6%) per annum compounded annually, computed from the first day of the Plan Year succeeding the date of deferral and ending on the December 10 preceding the
date of payment. If the Participant’s participation -under the Plan is terminated because of the termination of his employment, payment shall be made within sixty (60) days after the first day of the month following his termination of
participation. If the Participant’s participation under the Plan is terminated because of his failure to make deferments in enough years to make it possible to make the deferments required under Section 6.01 or 6.02 payment
shall be made on the first day of the month seven (7) Plan Years following the effective date of his Election Form, unless the Committee in its sole discretion decides to make the payment at an earlier date. 
 - Pre-Retirement Survivor Benefits 
 If a Participant dies before he is sixty-five (65) years old, while he is still an Employee and before his participation has been terminated, the Participant’s Beneficiary shall be entitled to receive the pre-retirement survivor
benefits specified in the Participant’s Election Form. If a Participant is entitled to retirement benefits as a result of a change in control and termination of employment as described in Section 6.03 of this Plan and payments have
not yet commenced to the Participant as of the date of his death, his Beneficiary shall nevertheless be entitled to receive the pre-retirement survivor benefits specified in the Participant’s Election Form. The first payment shall be made as of
the first day of the second month following the Participant’s death and subsequent payments shall be made on the same day of each subsequent year. 
 - Survivor Benefits In Lieu of Retirement Benefits 
 If a Participant dies
after he has satisfied the requirements for retirement benefits under Sections 6.01 or 6.02 but before payments have commenced under the Plan, the Participant’s Beneficiary-shall nevertheless be entitled to receive the payments
that would have been payable to the Participant under Sections 6.01 or 6.02, at the same time and in the same form and amount. 
 If a Participant dies after payments begin under the Plan, the Corporation shall pay to the Participant’s Beneficiary the remaining payments payable under the Plan. 
 TERMINATION OF PARTICIPATION 
 - Termination of
Participation 
 The failure of a Participant to make deferments in enough Plan Years to make it possible to make the
deferments required under Sections 6.01 or 6.02, or the termination of a Participant’s status as an Employee for any reason other than death or change in control, as defined in Section 6.03 of this Plan, before he is
entitled to retirement benefits under Section 6.01 or 6.02, shall result in the termination of his participation in the Plan. If a Participant’s participation

 
under the Plan is terminated because of hi-s failure to make deferments in enough years to make it possible to make the required deferments under Sections 6.01 or 6.02, his
participation shall be considered terminated as of the first day of the first Plan Year for which no deferrals will be made by the Participant as a result of which it will no longer be possible for the Participant to make the required number of
years of deferrals. If a Participant’s participation under the Plan is terminated because of his termination of employment, his participation shall be considered terminated as of the date of his termination of employment. 
 The transfer of a Participant in whole or in part from the payroll of one of the Employers hereunder to the payroll of one or more of the
other Employers hereunder shall not be construed as a termination of employment for purposes of this Plan. 
 DISCRETIONARY PURCHASE OF POLICIES

 - Discretionary Purchase of Policies 
 The Corporation may, but shall not be required to, offset its obligations under this Plan through the purchase of life insurance on the life of each Participant. Each Participant agrees to cooperate in
the securing of life insurance on the Participant’s life by furnishing such information as the Corporation and the Insurance Company may require, taking such physical examinations as may be necessary and taking any other such action as may be
requested by the Corporation and the Insurance Company to obtain such insurance coverage. If the Participant refuses to cooperate in the securing of life insurance, the Corporation shall have no further obligation under this Plan. 
 - Interest of Participant 
 Neither the Participant nor any Beneficiary shall have any interest in any Policy purchased under Section 8.01 nor in any other assets of the Corporation. The Participant’s and Beneficiary’s only interest hereunder
shall be the right to receive the benefits provided under the Plan. Nothing in this Plan shall be construed as the creation by the Corporation of an escrow account or trust fund or as any other form of asset segregation, it being the intention and
understanding of the parties that the Corporation’s obligations under this Plan shall be unfunded and that the Participant and ,any Beneficiary shall, as to claims under this Plan, be no more than a general creditor of the Corporation.

 TERMINATION AND AMENDMENT 
 -
Termination and Amendment 
 The Board of Directors of the Corporation reserves in its sole and exclusive discretion the
right at any time, and from time to time, to amend this Plan in any respect or terminate this Plan without restriction and without the consent of any Participant or Beneficiary; provided, however, that neither termination nor any amendment of the
Plan may, without written approval of a Participant, reduce or terminate any benefit to or in respect of a Participant under this Plan. 

 Prior to January 1, 1984, the Corporation may revise the benefit amounts specified in a
key Employee’s Election Form. However, such revision shall be subject to the Employee entering into a new Election Form reflecting the revised benefit amounts before January 1, 1984. The revised Election Form shall be effective as of the
effective date of the initial Election Form. If the Employee does not agree to enter into a revised Election Form, the initial Election Form shall be terminated as of the effective date of the initial Election Form, and the Corporation shall pay the
deferred amount without interest to the Employee as soon as practicable. 
 CLAIMS PROCEDURE 
 - Determination 
 The
Committee shall be responsible for determining all claims for benefits under this Plan. Within ninety (90) days after receiving a claim, ,the Committee shall notify a claimant of its decision. If the decision is adverse to the claimant, the
Committee shall advise him of the reasons for the decision, of the Plan provisions involved, of any additional information he must provide to perfect his claim and of his right to request a review of the decision. 
 - Review 
 A claimant may
request a review of an adverse decision by written request to the Committee made within sixty (60) days after receipt of the decision. The claimant or his attorney may review pertinent documents and submit written issues and comments. Within
sixty (60) days after receiving a request for review, the Committee shall notify the claimant in writing of (a) its decision, (b) the reasons therefor, and (c) the Plan provisions upon which it is based. 
 - Decision Binding 
 The
decision of the Committee after such review shall be made in the Committee’s sole and absolute discretion, and shall be final and binding. 
 MISCELLANEOUS PROVISIONS 
 - General Undertaking 
 All parties to this Plan and all persons claiming any interest whatsoever hereunder agree to perform any and all acts and execute any and all documents and papers which may be necessary or desirable for
the carrying out of this Plan or any of its provisions. 

 - Binds Heirs, etc. 
 This Plan shall be binding upon the heirs, executors, administrators, successors and assigns, as such terms shall apply, of any and all parties hereto, present and future. 
 - No Guarantee of Employment 
 Nothing contained herein shall be deemed to give any individual the right to be retained in the service of the Employer or to interfere with the rights of the Employer to discharge any individual at any time, with or .without cause.

 - Nonalienation of Benefits 
 No benefits payable hereunder may be assigned, pledged, mortgaged or hypothecated and, to the extent permitted by law, no such benefits shall be subject to legal process or attachment for the payment of
any claims against any person entitled to receive the same. 
 - Withholding 
 Deferrals by a Participant under this Plan and payments made by the Corporation under this Plan shall be subject to withholding at the time
of such deferral or payment, as shall be required under any income tax or other law, whether of the United States or any other jurisdiction. 
 - Gender and Number 
 The masculine pronoun wherever used herein shall include the feminine gender and the
feminine the masculine, and the singular number as used herein shall include the plural and the plural the singular, unless the context clearly indicates a different meaning. 
 - Titles and Headings 
 The titles to Articles and headings of Sections or
subsections of this Plan are for convenience of reference and, in case of any conflict, the text of the Plan, rather than titles and headings, shall control. 
 - Governing Law 
 The validity, construction and effect of the provisions of
this Plan in all respects shall be governed and regulated according to and by the laws of the Commonwealth of Virginia and to the extent the laws of the Commonwealth of Virginia are superseded by the laws of the United States of America, by-the laws
of the United States of America. 
 - Prevention of Escheat 
 If the Committee cannot ascertain the whereabouts of any person to whom a payment is due under the Plan, and if, after three (3) years from the date such payment is due, a notice of such payment due
is mailed to the last known address of such person, as shown on the records of

 
the Committee, and within three (3) months after such mailing such person has not made written claim therefor, the Committee, if it so elects, may direct that such payment and all remaining
payments otherwise due to such person be :cancelled on the records of the Plan, and upon such cancellation, Corporation shall have no further liability therefor. 
 - Separability Clause 
 The invalidity or unenforceability of any provision
of this Plan shall in no way affect the validity or enforceability of any other provision.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}]]