0000950159-05-000035 Sample Contracts

LTIP AWARD AGREEMENT Performance Cycle (Years _______ to _______ )
Ltip Award Agreement • January 20th, 2005 • Lincoln National Corp • Life insurance

This award agreement (“Agreement”), by and between Lincoln National Corporation (“LNC”) and ________________________ (“Grantee”), evidences the grant by LNC on ____________, _______ of a long-term incentive award to Grantee and Grantee’s acceptance of the award in accordance with and subject to the provisions of the Lincoln National Corporation Incentive Compensation Plan (“Plan”) and this Agreement. LNC and Grantee agree as follows:

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NONQUALIFIED STOCK OPTION AGREEMENT (For Employees)
Nonqualified Stock Option Agreement • January 20th, 2005 • Lincoln National Corp • Life insurance

This Nonqualified Stock Option Agreement (the “Agreement”) evidences the terms of the grant by Lincoln National Corporation (“LNC”) of a Nonqualified Stock Option (the “Option”) to _______________________ (“Grantee”) on __________________, 2003 (the “Date of Grant”), and Grantee’s acceptance of the Option in accordance with and subject to the provisions of the Lincoln National Corporation Incentive Compensation Plan (the “Plan”) and this Agreement. LNC and Grantee agree as follows:

RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • January 20th, 2005 • Lincoln National Corp • Life insurance

This Restricted Stock Award Agreement (the “Agreement”) effective ___________________, __________, by and between Lincoln National Corporation (“LNC”) and ______________________ (the “Grantee”) evidences the grant, by LNC on ______________________, ________ (“Date of Grant”) of a Restricted Stock Award to Grantee, and Grantee’s acceptance of the Restricted Stock Award in accordance with the provisions of the Lincoln National Corporation Incentive Compensation Plan, as Amended and Restated March 8, 2001, and any amendments thereto (the “Plan”) and this Agreement. LNC and Grantee agree as follows:

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