Amendment No. 2 to the LNC Deferred Compensation and Supplemental/Excess Retirement Plan, effective December 19, 2022, is
Exhibit 10.10
Amendment No. 2
Lincoln National Corporation
Deferred Compensation & Supplemental/Excess Retirement Plan
(As Amended and Restated Effective January 1, 2020)
The Lincoln National Corporation Deferred Compensation & Supplemental/Excess Retirement Plan (the “Plan”) is hereby amended, effective December 19, 2022, by:
| 1. | Amending Section 2.1 of the Plan, in its entirety, to read as follows: |
“2.1General. This Plan is maintained by the Company for the benefit of a select group of management and highly compensated employees.
The Benefits Administrator shall have the discretion to determine the eligibility of employees to participate in this Plan; provided, however, that in order to be eligible, (a) the employee must be a member of a select group of management or highly compensated employees of an Employer and (b) the employee must be a regular employee on an Employer’s U.S. payroll, provided that if he or she is employed outside of the United States, he or she must be a U.S. citizen and his or her Employer must have consented to his or her participation in the Plan.”
| 2. | In all other respects, said Plan shall remain in full force and effect. |
IN WITNESS WHEREOF, the President and Chief Executive Officer of the Company has executed this Amendment this 19th day of December 2022.
LINCOLN NATIONAL CORPORATION
/s/ Ellen Cooper
By: Ellen Cooper
Its: President and Chief Executive Officer
