TRADENAME AGREEMENT
THIS AGREEMENT, made this ___ day of ___________________ , 1983, between
Lincoln National Corporation ("LNC") and Lincoln National Managed Fund, Inc.
(the "Fund").
W I T N E S S E T H:
LNC, an Indiana Corporation, holds diversified interests, primarily in
insurance and related financial service companies. Various subsidiary and
affiliated corporations organized or acquired by LNC use the words "Lincoln
National" in their names and businesses, and these words when used by a company
associated with LNC have a recognized business acceptance and identity
throughout the United States and in foreign countries. The right to use the
words "Lincoln National" as a part of a corporate name and business is an asset
of LNC, and it is entitled to protect its valuable property right against
improper use by others.
Lincoln National Investment Management Company, a subsidiary of LNC, has
agreed to act as investment adviser to the Fund. LNC believes that it is in its
best interests to agree to make the words "Lincoln National" available for use
by the Fund so long as the Fund has in effect an investment advisory contract
with Lincoln National Investment Management Company.
Accordingly, in consideration of the premises and for other good and
valuable consideration, the parties hereto agree as follows:
1. The use of the words "Lincoln National" as a part of the corporate
name and business of Fund is subject to consent of LNC, which consent is hereby
granted upon the conditions and terms set forth herein.
2. The Fund is authorized to use the words "Lincoln National" in its
corporate name and business only while the Fund is a party to an investment
advisory contract with Lincoln National Investment Management Company and for a
period not exceeding 90 days following the termination of any such contract. In
the event that the Fund ceases to be a party to an investment advisory contract
with Lincoln National Investment Management Company the Fund shall promptly take
such steps as may be necessary to change its corporate name and business
practices so as to eliminate the words "Lincoln National" therefrom and within a
period of not exceeding 90 days following the termination of such contract, the
Fund shall cease to identify itself and its business by a name containing the
words "Lincoln National," or any name that, in the opinion of LNC, is
confusingly similar, or indicates an affiliation with LNC or any of its
subsidiaries and affiliates.
3. The use of the words "Lincoln National" by the Fund shall not prevent
LNC or any of its subsidiaries or affiliates, or any of their respective
successors or assigns, from using or permitting the use of the words "Lincoln
National" alone or with any other word or words by or in connection with any
other entity or business, whether or not the same directly or indirectly
competes or conflicts with the Fund or its business in any manner.
IN WITNESS WHEREOF, LNC and the Fund have caused this Agreement to be
executed by their duly authorized officers and their corporate seals to be
hereunto affixed, all upon the day aforesaid.
Attest: LINCOLN NATIONAL CORPORATION
By
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Assistant Secretary Vice President
Attest: LINCOLN NATIONAL MANAGED FUND, INC.
By
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Secretary Vice President
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