0000059558-15-000024 Sample Contracts

LINCOLN NATIONAL CORPORATION RESTRICTED STOCK UNIT AWARD AGREEMENT For Senior Management Committee (Other than CEO) & Corporate Leadership Group Terms in bold defined on cover sheet

Restricted Stock Unit Award Agreement • April 30th, 2015 • Lincoln National Corp • Life insurance

• Contract Type
  Restricted Stock Unit Award Agreement
• Filed
  April 30th, 2015
• Company
  Lincoln National Corp
• Industry
  Life insurance

This Restricted Stock Unit Award Agreement (the “Agreement”) is by and between Lincoln National Corporation (“LNC”) on behalf of itself and its affiliates, and the named Grantee (the “Grantee”), and evidences the grant on the specified Grant Date (the “Grant Date”) of Restricted Stock Units (“RSUs”) to Grantee, and Grantee’s acceptance of the RSUs, in accordance with the terms and provisions of the Lincoln National Corporation 2014 Incentive Compensation Plan effective May 22, 2014 (the “Plan”) and this Agreement. LNC and Grantee agree as follows:

LINCOLN NATIONAL CORPORATION 2015- 2017 Performance Cycle Agreement For Senior Management Committee (other than CEO) & Corporate Leadership Group Terms in bold are defined on cover sheet

Long-Term Incentive Award Agreement • April 30th, 2015 • Lincoln National Corp • Life insurance

• Contract Type
  Long-Term Incentive Award Agreement
• Filed
  April 30th, 2015
• Company
  Lincoln National Corp
• Industry
  Life insurance

This Award Agreement (“Agreement”), by and between Lincoln National Corporation (“LNC”) on behalf of itself and its affiliates, and the named Grantee (“Grantee”), evidences the grant by LNC on the specified Grant Date, of a long-term incentive performance award to Grantee, and Grantee’s acceptance of the award, in accordance with and subject to the provisions of the Lincoln National Corporation 2014 Incentive Compensation Plan effective May 22, 2014 (the “Plan”) and this Agreement. LNC and Grantee agree as follows:

NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option Agreement • April 30th, 2015 • Lincoln National Corp • Life insurance

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  April 30th, 2015
• Company
  Lincoln National Corp
• Industry
  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 the named Grantee (“Grantee”) on the specified Grant Date (the “Grant Date”), and Grantee’s acceptance of the Option, in accordance with and subject to the terms and provisions of the Lincoln National Corporation 2014 Incentive Compensation Plan effective May 22, 2014 (the “Plan”) and this Agreement. LNC and Grantee agree as follows: