Adjustment of Award. (a) The Administrator shall have authority to make adjustments to the terms and conditions of the Award in recognition of unusual or nonrecurring events affecting BB&T or any Affiliate, or the financial statements of BB&T or any Affiliate, or of changes in applicable laws, regulations or accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable laws, rules or regulations.
Appears in 15 contracts
Samples: Ltip Award Agreement (Bb&t Corp), Performance Unit Award Agreement (Bb&t Corp), Performance Unit Award Agreement (Bb&t Corp)
Adjustment of Award. (a) The Administrator shall have authority to make adjustments to the terms and conditions of the Award in recognition of unusual or nonrecurring events affecting BB&T TFC or any Affiliate, or the financial statements of BB&T TFC or any Affiliate, or of changes in applicable laws, regulations or accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable laws, rules or regulations.
Appears in 12 contracts
Samples: Performance Unit Award Agreement (Truist Financial Corp), Restricted Stock Unit Agreement (Truist Financial Corp), Ltip Award Agreement (Truist Financial Corp)
Adjustment of Award. (a) The Administrator shall have authority to make adjustments to the terms and conditions of the Award Option in recognition of unusual or nonrecurring events affecting BB&T or any Affiliate, or the financial statements of BB&T or any Affiliate, or of changes in applicable laws, regulations or accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable laws, rules or regulations.
Appears in 4 contracts
Samples: Nonqualified Option Agreement (Bb&t Corp), 2004 Stock Incentive (Bb&t Corp), Nonqualified Option Agreement (Bb&t Corp)
Adjustment of Award. (a) The Administrator shall have authority to make adjustments to the terms and conditions of the Award in recognition of unusual or nonrecurring events affecting BB&T or any Affiliate, or the financial statements of BB&T or any Affiliate, or of changes in applicable laws, regulations or accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable laws, rules or regulations.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Bb&t Corp), Restricted Stock Unit Agreement (Bb&t Corp), Restricted Stock Unit Agreement (Bb&t Corp)
Adjustment of Award. (a) The Administrator shall have authority to make adjustments to the terms and conditions of the Award in recognition of unusual or nonrecurring events affecting BB&T TFC or any Affiliate, or the financial statements of BB&T TFC or any Affiliate, or of changes in applicable laws, regulations or accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable laws, rules or regulations.
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