This excerpt taken from the BBT DEF 14A filed Mar 13, 2009.
Retirement of Mr. Allison and Mr. Chalk
Mr. Allison, BB&Ts Chief Executive Officer, retired from BB&T effective December 31, 2008. Mr. Chalk, BB&Ts Chief Credit Officer, retired from BB&T effective August 31, 2008. As retirement eligible employees, each of Mr. Allison and Mr. Chalk received accelerated vesting of all outstanding unvested equity awards and pro rata payments of their LTIP awards through their date of termination, and became eligible to receive the full balance of their respective retirement accounts. To the extent that the vesting of any performance-based awards was accelerated, payments under the awards remain subject to BB&Ts actual performance and Code Section 409As six-month waiting period.