FIRST VIRGINIA BANKS, INC. 1986 KEY EMPLOYEE SALARY REDUCTION DEFERRED COMPENSATION PLAN1986 Key Employee Salary Reduction Deferred Compensation Plan • February 26th, 2010 • Bb&t Corp • National commercial banks • Virginia
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.
