SALARY CONTINUATION PLAN FOR EXECUTIVES OF LINCOLN NATIONAL CORPORATION AND AFFILIATES Amendment & Restatement Effective November 5, 2007 (except as otherwise indicated)

Exhibit 10.13

SALARY CONTINUATION PLAN FOR EXECUTIVES OF

LINCOLN NATIONAL CORPORATION AND AFFILIATES

Amendment & Restatement Effective November 5, 2007

(except as otherwise indicated)

Section 1. History and Effective Date. The following provisions constitute an amendment and restatement of the Salary Continuation Plan for Executives of Lincoln National Corporation and Affiliates (the “Plan”) effective November 5, 2007, except as otherwise indicated, the termination of the Plan effective December 31, 2007. The Plan was frozen to new Participants as of December 31, 2004.

Except where the context clearly indicates to the contrary, the following terms have the meanings specified below:

“Beneficiary” means the beneficiary or beneficiaries designated by the Executive in accordance with procedures established by the Corporation. Payments under this Plan to the last designated beneficiary or his estate shall relieve the Corporation from all responsibility to any designated beneficiary.

“Cause” means: (i) the conviction of a felony, or other fraudulent or willful misconduct materially and demonstrably injurious to the business or reputation of the Corporation by the Executive, or (ii) the willful and continued failure of the Executive to substantially perform his or her duties for the Corporation (other than such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by his or her manager or an officer of the Corporation, or, in the case where the Executive is the Chief Executive Officer of the Corporation, by the Plan Administrator. Such notice shall specifically identify the manner in which the Executive has not substantially performed his or her duties. No act or omission to act, on the part of the Executive shall be considered “willful” unless such act or omission is the result of the Executive’s bad faith or acting without reasonable belief that his or her action or omission was in the best interests of the Corporation.

“Code” means the Internal Revenue Code of 1986, as amended from time to time.

“Employer” means Lincoln National Corporation and any Affiliate who has adopted this Plan as a participating Employer.

“Grandfathered Benefit” means, with respect to terminated vested participants as of December 31, 2004, or active Participants who have not accrued a benefit under this Plan since December 31, 2004, the benefit amounts earned and vested under this Plan as of December 31, 2004 within the meaning of Code section 409A and the official guidance thereunder. Except as specified herein, Grandfathered Benefits are subject to the distribution rules in effect under this Plan as of December 31, 2004.

“Key Employee” means an Executive treated as a “specified employee” as of his Separation from Service under Code section 409A(a)(2)(B)(i) of the Corporation or its Affliates,

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i.e., a key employee (as defined in Code section 416(i) without regard to paragraph (5) thereof) of a corporation any stock in which is publicly traded on an established securities market or otherwise. Key Employees shall be determined in accordance with Code section 409A using December 31^st as the determination date. A listing of Key Employees as of a determination date shall be effective for the 12-month period beginning on the April 1^st following the identification date.

“Separation from Service” or “Separate from Service” means a separation from service within the meaning of Code section 409A.

“Termination Date” is defined under the Lincoln National Corporation Employees’ Retirement Plan.

“Vesting Years of Service” is defined under the Lincoln National Corporation Employees’ Retirement Plan.

In addition, the following rules of construction shall apply:

Section 2. Purpose. The Plan was established to provide enhanced retirement benefits to certain employees of Lincoln National Corporation (the “Corporation”) and its affiliates. The Plan is intended (1) to comply with Internal Revenue Code section 409A and official guidance issued thereunder, and (2) to be “a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of sections 201(2), 301(a)(3) and 401(a)(1) of ERISA. Notwithstanding any other provision of this Plan, this Plan shall be interpreted, operated and administered in a manner consistent with these intentions.

Section 3. Employees Eligible to Participate. Individuals from a select group of highly- compensated employees shall be eligible to participate in the Plan as determined by the Chief Executive Officer of the Corporation. Such an eligible employee who participates in the Plan is hereinafter called an “Executive.” No new individuals shall become participants in the Plan after December 31, 2004.

Section 4. Effective Date of Executive’s Participation. Each Executive’s participation in the Plan shall become effective on the date specified in the joinder agreement signed by the Executive and agreed to by the Corporation.

Section 5. Amount of Salary Continuation Benefit. Subject to Sections 5(c) and 5(d) below, the amount of an Executive’s monthly benefit under the Plan shall be calculated as follows:

Monthly Benefit = 2% x Final Monthly Salary x Years of Participation

Limitation. The amount of Final Monthly Salary shall be capped at $16,667.00. Notwithstanding the foregoing, for Executives employed by the Corporation on December 31, 1991, the maximum Final Monthly Salary used to calculate the monthly benefit for such an Executive shall be the greater of $16,667.00 and the monthly base salary in effect for such an Executive on December 31, 1991.

In addition, for Executives Jon Boscia, Barbara Kowalczyk, Dennis Schoff, and Richard Vaughan only, effective January 1, 2005, the limitation capping Final Monthly Salary shall not apply and the definition of Final Monthly Salary used to calculate the Executive’s Monthly Benefit shall be as follows: Final Monthly Salary shall equal the sum of: (i) 1/12^th of 100% of base annual salary (in effect at Separation from Service), and (ii) 1/12^th of 100% of the Annual Incentive Bonus paid under the Lincoln National Corporation Incentive Compensation Plan, as amended and restated from time to time (also known as the “AIP” or “Annual Bonus”). The amount of Annual Incentive Bonus used in the calculation of Final Monthly Salary for the four named Executives above shall be the average of the best three consecutive Annual Incentive Bonuses during the sixty (60) consecutive months immediately preceding the Executive’s Separation from Service.

Section 6. Salary Continuation Benefits upon Retirement at or after Age Sixty-Five (65) Years. Upon retirement at or after age sixty-five (65) years, the Corporation (or the Affiliate for which the Executive last performed services) shall pay salary continuation benefits to the Executive in the amount calculated pursuant to Section 5. Benefits shall commence on the first day of the first calendar month following the date of the Executive’s Separation from Service, and on the first day of each calendar month thereafter so long as the Executive shall live.

Section 7. Salary Continuation Benefits upon Retirement prior to Age Sixty-Five (65) Years. Upon retirement at or after age fifty-five (55) years but before age sixty-five (65) years, the Corporation (or the Affiliate for which the Executive last performed services) shall pay salary continuation benefits to the Executive. The amount of such benefit shall be the amount calculated pursuant to Section 5, actuarially reduced in accordance with the following table and with such linear interpolations as shall, in the sole discretion of the Corporation, be necessary to take into account the exact age (including fractions) of the Executive at the date benefits commence:

Notwithstanding the foregoing, an Executive who Separates from Service as the result of an involuntarily termination as described in Section 14 will be subject to the higher of the factors determined under the column above entitled “Applicable Factor if Executive has less than twenty (20) Vesting Years of Service under the Corporation’s Employees’ Retirement Plan,” or the applicable factors based on the Executive’s actual age and Years of Vesting Service on his or her benefit commencement date following the Separation from Service.

Benefits paid under this Section 7 shall commence on the first day of the first calendar month following the date of the Executive’s Separation from Service, and on the first day of each calendar month thereafter so long as the Executive shall live. Notwithstanding the foregoing, with respect to Grandfathered Benefits, a Participant may elect to defer the receipt of his or her Plan benefits until the date they attain age 65, provided that such election is made at least 366 days prior to the date they would otherwise have received their Plan benefits.

Section 8. Method and Duration of Payment of Benefits. The default form of benefit payable under the Plan is a life annuity & ten (10) year certain & continuous. This benefit provides monthly payments as long as the Executive shall live, with no less than one hundred twenty (120) such payments (measured from the Executive’s benefit commencement date) to either the Executive or the Executive’s Beneficiary.

Notwithstanding the foregoing, the Executive may make an election at any time before his or her benefit commencement date to have his or her benefit paid in an alternative form of life annuity which is actuarially equivalent to the life annuity & ten (10) year certain & continuous form. The actuarial equivalent alternative forms will be calculated using the optional form conversion assumptions for the Final Average Pay benefit described in the Lincoln National Corporation Employees’ Retirement Plan.

The alternative form(s) of life annuity/ies offered under this Plan [is/are]:

A 50% Joint & Survivor Annuity – Reduced monthly payments as long as the Executive shall live, with the Executive’s designated contingent annuitant receiving 50% of such monthly payments for the remainder of his or her life. This optional form of payment is available only for an Executive whose Separation from Service and benefit commencement date occurs on or after May 14, 2007.

The following is effective only upon the approval of the Compensation Committee of the Corporation’s Board of Directors: Effective for Executives retiring on or after July 31, 2007 and before January 1, 2008, a 100% Joint & Survivor Annuity & ten (10) year certain & continuous

form – Reduced monthly payments as long as the Executive shall live, with the Executive’s designated contingent annuitant receiving 100% of such monthly payments for the remainder of his or her life, with no less than one hundred twenty (120) such payments (measured from the Executive’s benefit commencement date) to the contingent annuitant’s Beneficiary.

Section 9. Survivor Benefits Before Retirement and Before Commencement of Executive’s Benefits. Upon the Executive’s death before retirement and before commencement of benefits hereunder, all rights of the Executive hereunder shall terminate except that upon receipt by the Corporation of satisfactory proof of the Executive’s death, the Executive’s Beneficiary shall receive a survivor benefit in accordance with the following:

For Executives who have elected an alternative form of life annuity as described in Section 8 above, the Executive’s Beneficiary shall receive the larger of the benefit calculated in accordance with (a), (b), or (c) above, as applicable, or the benefit under the chosen alternative form of life annuity.

Section 10. Death Before Retirement but After Age Sixty-Five (65) Years. If the Executive dies before retiring but after attaining age sixty-five (65) years, all rights of the Executive hereunder shall terminate except that, upon receipt by the Corporation of satisfactory proof of the Executive’s death, there shall be paid to his Beneficiary a monthly amount calculated in accordance with Section 5, payable as of the first day of the month after his death for an aggregate of one hundred twenty (120) payments.

Section 11. Death After Retirement. Except as provided in Section 8 above for Executives who have elected an alternative form of life annuity, if the Executive dies after retiring and prior to receiving one hundred twenty (120) salary continuation benefit payments, payments to the Beneficiary shall be continued, if living, until combined payments to the Executive and the Beneficiary shall total one hundred twenty (120) payments.

Section 12. Payments to an Estate. If the Executive fails to designate a valid Beneficiary or if there is no designated Beneficiary surviving the Executive, then any remaining payments due shall be commuted and paid to the Executive’s estate. If the Beneficiary shall die after receiving one or more payments, but before all payments have been made, any remaining payments shall be commuted and paid to such Beneficiary’s estate. This section does not apply to an Executive who has retired and elected the alternative forms: the 50% Joint & Survivor or 100% Joint & Survivor Annuity & ten (10) year certain & continuous.

Section 13. Voluntary Termination of Service. Neither the Executive nor any Beneficiary shall be entitled to any benefits under this Plan if the Executive voluntarily terminates employment with the Corporation and all Affiliates (a) prior to attaining age fifty-five (55) years, or (b) after attaining age fifty-five (55) years, but prior to completing five (5) years of participation in the Plan.

Section 14. Involuntary Termination of Service. If before qualifying for benefits under Sections 6 or 7, the Executive involuntarily terminates employment with the Corporation and all affiliates primarily from circumstances not within the control of the Executive, but other than by death, disability, or for Cause, his or her salary continuation benefit shall be paid to the Executive beginning on the first day of the first calendar month following the later of: (i) the date of the Executive’s Separation from Service, or (ii) the date the Executive attains age fifty-five (55), and on the first day of each calendar month thereafter, based on the life annuity & ten (10) year certain & continuous form, or the alternative form of payment elected by the Executive, as described in Section 8 above. Notwithstanding the foregoing, with respect to Grandfathered Benefits, a Participant may elect to defer the receipt of his or her Plan benefits until the date they attain age 65, provided that such election is made at least 366 days prior to the date they would otherwise have received their Plan benefits.

Except as provided in Section 5(d) above for Executives actively participating in the Plan on December 31, 2007, the amount of an Executive’s benefit under this Section 14 shall be the amount calculated in Section 5, actuarially reduced in accordance with the appropriate factor in Section 7 for the age of the Executive at which benefit payments commence in the column titled “Applicable Factor if Executive has less than twenty (20) Vesting Years of Service under the Corporation’s Employees’ Retirement Plan.”

Section 15. Termination of Service After a Change of Control of the Corporation. Notwithstanding any provision in the Plan to the contrary, in the event that the Executive is eligible to receive benefits under the Lincoln National Corporation Executives’ Severance Benefit Plan, such Executive shall be treated as having retired from the Corporation after age sixty-five (65) years and shall be entitled to a benefit in accordance with Section 6 of this Plan.

Section 16. Provisions Applicable to Key Employees. Notwithstanding provisions to the contrary in Sections 6, 7, 14 or 15, in the event that the Executive is a Key Employee as of the date of his Separation from Service, the Executive’s benefit commencement date shall be no earlier than six (6) months following the date of his Separation from Service (or, if earlier, the date of the Executive’s death). Interest shall not accrue on benefits delayed during this period; however, the benefit shall be subject to reduction factors determined as of the Executive’s actual benefit commencement date, not the Executive’s Separation from Service date.

Section 17. No Right or Title to Funds. The Corporation shall have no obligation to set aside, earmark, or entrust any fund, policy, or money with which to pay any obligations under this Plan. The Executive, and any successor in interest to him, shall be and remain simply a general creditor of the Corporation with respect to any promises to pay under this Plan in the same manner as any other creditor who has a general claim for an unpaid liability. Neither the Executive nor any Beneficiary shall acquire any right in or title to any funds or assets of the Corporation otherwise than by and through the actual payment of the monthly or annual payments hereunder. The Corporation shall not make any loans or extend credit to an Executive which will be offset by benefits payable under this Plan.

Section 18. No Assignments, etc. Neither the Executive nor a Beneficiary, shall have power to transfer, assign, anticipate, mortgage or otherwise encumber in advance any of the payments provided by this Plan; nor shall said payments be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance, or be transferable by operation of law in event of bankruptcy, insolvency or otherwise.

Section 19. Amendment, Suspension or Termination of Plan. This Plan may be amended or terminated at any time and from time to time by the Corporation without an Executive’s consent, but no amendment shall operate to give the Executive, or his Beneficiary, either directly or indirectly, any interest whatsoever in any funds or assets of the Corporation and any Affiliates, except the right upon fulfillment of all terms and conditions hereof to receive the payments herein provided. Likewise, no amendment, suspension or termination of this Plan shall, in and of itself, result in the forfeiture of any salary continuation benefit promise accrued to an Executive who is in the active employment of the Corporation at such time or to an Executive whose service has been involuntarily terminated as described in Section 14 and no amendment, suspension or termination of this Plan shall operate to reduce or diminish any benefit after payment of such benefit has begun.

Section 20. No Effect on Employment. This Plan shall not supersede any other contract of employment, whether oral or in writing, between the Corporation, its Affiliates and the Executive, nor shall it affect or impair the rights and obligations of the Corporation and the Executive, respectively, thereunder; and nothing contained herein shall impose any obligation on the Corporation to continue the employment of the Executive.

Section 21. Plan Administration. The Plan shall be administered by the Compensation Committee of the Board of Directors of Lincoln National Corporation (the “Committee”). The Committee shall have complete discretion to interpret the Plan and resolve issues including issues with respect to an Executive’s eligibility and participation in the Plan, and the calculation

of benefits payable under the Plan, and to take whatever action believed by the Committee to be necessary or desirable for such administration, including but not limited to (a) establishing administrative rules consistent with the provisions of this Plan, (b) delegating itsw responsibilities to other persons, including the Senior Vice President of the Human Resources Department, (c) retaining the services of lawyers, accountants or other third parties to assist with the administration of the Plan, (d) making equitable adjustments under the Plan (including retroactive adjustments) to correct mathematical, accounting or factual errors made in good faith by the Corporation or the Executive (and any such adjustments will be final and binding on all persons), and (e) directing the Corporation to deduct from all Accounts, payments and distributions under the Plan any federal, state or local taxes or such other amounts as may be required by law to be withheld.

Section 22. Claims for Benefits.

If the claimant fails to file a request for review within 60 days of the denial notification, the claim will be deemed abandoned and the claimant precluded from reasserting it. If the claimant does file a request for review, his request must include a description of the issues and evidence he deems relevant. Failure to raise issues or present evidence on review will preclude those issues or evidence from being presented in any subsequent proceeding or judicial review of the claim.

A decision will be rendered no more than 60 days after the Committee’s receipt of the request for review, except that such period may be extended for an additional 60 days if the Committee determines that special circumstances (such as for a hearing) require such extension. If an extension of time is required, written notice of the extension will be furnished to the claimant before the end of the initial 60-day period.

IN WITNESS WHEREOF, the President and Chief Executive Office of the Corporation has executed this amendment, restatement, and termination of the Plan as of this      day of                     , 2007.