Common use of Exercise After Retirement Clause in Contracts

Exercise After Retirement. In the event that the Participant remains in the continuous employ of BB&T or a Subsidiary from the Date of Grant until the Participant’s Retirement (as determined by the Committee), the Option shall become fully vested and fully exercisable as of the date of his Retirement without regard to the installment exercise limitations set forth in paragraph 2(b). The Participant may exercise the Option following his Retirement until the Expiration Date.

Exercise After Retirement. In the event that the Participant remains in the continuous employ of BB&T or a Subsidiary its Affiliates from the Grant Date of Grant until the Participant’s Retirement (as determined by in accordance with the CommitteePlan), the Option shall become fully vested and fully exercisable as of the date of his Retirement without regard to the installment exercise limitations set forth in paragraph 2(bSection 3(b). The Participant may exercise the Option following his Retirement until the Expiration Date.

Exercise After Retirement. In the event that the Participant remains in the continuous employ of BB&T or a Subsidiary its Affiliates from the Date of Grant until the Participant’s Retirement (as determined by in accordance with the CommitteePlan), the Option shall become fully vested and fully exercisable as of the date of his Retirement without regard to the installment exercise limitations set forth in paragraph 2(bSection 3(b). The Participant may exercise the Option following his Retirement until the Expiration Date.

Exercise After Retirement. In the event that the Participant remains in the continuous employ service of BB&T or a Subsidiary from the Grant Date of Grant until the Participant’s Retirement (as determined by in accordance with the Committeeretirement policies of BB&T applicable to the members of the Board of Directors), the Option shall become fully vested and fully exercisable as of the date of his Retirement without regard to the installment exercise limitations set forth in paragraph 2(bSection 3(b). The Participant may exercise the Option following his Retirement until the Expiration Date.

Exercise After Retirement. In the event that the Participant remains in the continuous employ service of BB&T or a Subsidiary from the Date of Grant until the Participant’s Retirement (as determined by in accordance with the Committeeretirement policies of BB&T applicable to the members of the Board of Directors), the Option shall become fully vested and fully exercisable as of the date of his Retirement without regard to the installment exercise limitations set forth in paragraph 2(bSection 3(b). The Participant may exercise the Option following his Retirement until the Expiration Date.