Exhibit 23(d)(1)(e)
Form of
[DATE]
Lincoln Investment Advisors Corporation
0000 Xxxxx Xxxxxxx Xxxxxx
Xxxx Xxxxx, Xxxxxxx 00000
RE: Advisory Fee Waiver Agreement
Ladies and Gentlemen:
This letter agreement (the "Agreement") confirms the advisory fee waiver
between the LVIP ____________ Fund (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
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 May 1, 2008 ("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 May 1,
2008 and shall continue for a period of one (1) year, ending on
April 30, 2009. 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, executed as of [DATE],
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,
LVIP __________ FUND, a
series of
Lincoln Variable
Insurance Products Trust
Name:
Title:
Agreed to:
LINCOLN INVESTMENT
ADVISORS CORPORATION
Name:
Title:
Schedule A
Avg. Daily Net Assets of the Fund Waiver Amount*
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* These amounts are stated on an annual basis.
