0000950159-06-000592 Sample Contracts

NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • April 18th, 2006 • Lincoln National Corp • 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 _______________________ (“Grantee”) on April 12, 2006 (the “Date of Grant”), and Grantee’s acceptance of the Option in accordance with and subject to the provisions of the Lincoln National Corporation Incentive Compensation Plan (the “Plan”) and this Agreement. LNC and Grantee agree as follows:

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LTIP AWARD AGREEMENT (Senior Management Committee)
Ltip Award Agreement • April 18th, 2006 • Lincoln National Corp • Life insurance

This award agreement (“Agreement”), by and between Lincoln National Corporation (“LNC”) and (“Grantee”), evidences the grant by LNC on April 12, 2006, of a long-term incentive award to Grantee and Grantee’s acceptance of the award in accordance with and subject to the provisions of the Lincoln National Corporation Incentive Compensation Plan (“Plan”) and this Agreement. LNC and Grantee agree as follows:

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