Description of Amendment to LNC Executives

EX-10.(C) 4 dex10c.htm DESCRIPTION OF AMENDMENT TO LNC EXECUTIVES Description of Amendment to LNC Executives

Exhibit 10(c)

Description of Amendment to Lincoln National Corporation Executives’ Excess Compensation Pension Benefit Plan, Effective January 1, 1989:

Effective January 1, 2005: removal of the existing cap on the amount of annual bonus (50% of bonus in excess of $100,000) that qualifies as compensation eligible for pension benefits.