Exhibit (6)
Agreement Re: Sales and Administrative Services
The Lincoln National Life Insurance Company ("The Lincoln") hereby agrees
to provide all sales and administrative services relative to individual variable
annuity contracts (Form Number IVA-1-TB-4-67 and revisions thereof herein called
"Contracts") sold by The Lincoln for which reserves are maintained in the
Lincoln National Variable Annuity Fund A ("Fund"), a segregated investment
account created by The Lincoln's Board of Directors on September 16, 1966
pursuant to Indiana Law.
For providing the sales services The Lincoln shall receive 6.75% of the
stipulated payments received by The Lincoln under the Contracts. For providing
the administrative services (including but not limited to payment of such
expenses as salaries, rent, postage, telephone, travel, legal, actuarial and
auditing fees, office equipment and stationery) The Lincoln shall receive 2% of
the stipulated payments received by The Lincoln under the Contracts.
This agreement shall continue in full force and effect from year to year
until terminated by The Lincoln or the Board of Managers of the Fund.
Termination of this agreement may be effected by either party, without the
payment of any penalty, on not more than sixty days written notice. This
agreement shall automatically terminate upon any assignment thereof by The
Lincoln. This agreement shall not continue in effect for a period more than two
years from the date of its execution unless such continuance is specifically
approved at least annually by the affirmative vote of a majority of such Board
of Managers, which majority shall include the majority of the members of the
Board of Managers who are not
otherwise affiliated with The Lincoln or officers or employees of the Fund, or
by a vote of owners of Contracts casting a majority of the votes which all
owners of Contracts are entitled to cast.
Notwithstanding termination of this agreement by The Lincoln, The Lincoln
shall continue to provide the sales and administrative services provided for
herein with respect to Contracts in effect on the date of termination, and The
Lincoln shall continue to receive 8.75% of all stipulated payments received by
The Lincoln under such Contracts.
This agreement shall be and is subject to and under the provisions of the
Investment Company Act of 1940, as amended, the Securities Act of 1933, as
amended, and the rules and regulations promulgated by the Securities and
Exchange Commission pursuant to the aforesaid Acts.
Executed this day of , 1967.
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
By
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Xxxxxx X. Xxxxx, Chairman of the Board
The Lincoln National Life Insurance Company
Attest:
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X. X. Xxxxx, Secretary
The Lincoln National Life Insurance Company
LINCOLN NATIONAL VARIABLE ANNUITY FUND A
By
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Xxxxxxxx Xxxxxxx
Chairman of the Board of Managers
Witness:
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Xxxxxx X. Xxxxxx
Secretary to the Board of Managers
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