Form of

Exhibit 16(6)(c)

Form of

[DATE ]

Lincoln Investment Advisors Corporation

0000 Xxxxx Xxxxxxx Xxxxxx

Xxxx Xxxxx, Xxxxxxx 00000

RE: Advisory Fee Waiver Agreement – [FUND]

Ladies and Gentlemen:

This letter agreement (the “Agreement”) confirms the advisory fee waiver between the                  (the “Fund”), a series of Lincoln Variable Insurance Products Trust (the “Trust”), and Lincoln Investment Advisors Corporation (the “Adviser”) with respect to the portfolio management of the LVIP                  Fund.

1. Advisory Expense Waiver. The Adviser has agreed to waive a portion of the advisory fee payable to the Adviser under the Investment Management Agreement, dated as of                  (“Investment Management Agreement”), between the Fund and the Adviser, as set forth in the attached Schedule A.

2. Term and Termination. This Agreement shall become effective on                  and shall continue for an initial term ending April 30, 2010. The Agreement shall renew automatically for one-year terms unless the Trust or the Adviser provides written notice of the termination of the Agreement within 30 days of the end of the then current term. In addition, this Agreement will terminate automatically in the event of the termination of the Investment Management Agreement or the termination of the Sub-Advisory Agreement, dated                 , between the Adviser and                 .

3. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, provided that nothing in this Agreement shall be construed in a manner inconsistent with the Investment Company Act of 1940, as amended, or the Investment Advisers Act of 1940, as amended.

Please indicate your approval of this Agreement by signing and returning a copy of this letter to the Fund.

Very truly yours,

                                , a series of

Lincoln Variable Insurance Products Trust

Name:

Title:

Date:

Agreed to:

LINCOLN INVESTMENT ADVISORS CORPORATION

Name:

Title:

Date:

Schedule A

Avg. Daily Net Assets of the Fund Waiver Amount*

* These amounts are stated on an annual basis.