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2014 DIRECTORS FEES
(Revised to reflect the elimination of Stock Options and
an increase in Deferred Stock Units and Audit Committee Fees)
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Retainer Fee: | $232,000 per year |
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| Cash: $86,000 |
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| Deferred Stock Units (1): $146,000 |
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Non-Executive Chairman of the Board Fee: | $200,000 per year in Deferred Stock Units |
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Committee Chair Fee for Compensation, Corporate | $10,000 per year |
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Governance and Finance Committees: |
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Audit Committee Chair Fee: | $30,000 per year |
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Audit Committee Member Retainer Fee: | $10,000 per year |
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Lead Director Retainer Fee: | $25,000 per year |
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(1) | Deferred Stock Units are “phantom” units of LNC Common Stock that are credited under the LNC Directors’ Deferred Compensation Plan. |
All cash fees may be deferred, at a Director’s election, pursuant to the LNC Directors’ Deferred Compensation Plan.
Meeting fees may be paid in some cases for meetings which exceed the number of annually scheduled meetings ($1,100 per meeting) as determined by the Corporate Governance Committee.
All fees are paid to the directors on a quarterly basis in arrears.