Amendment No. 1 to Jefferson-Pilot Corporation Supplemental Benefit Plan
This amendment, effective November 30, 2007, modifies the Jefferson-Pilot Corporation Supplemental Benefit Plan. It ensures that employees who transfer to another employer as part of the sale of Lincoln Financial Sports, Inc. are fully vested in their accrued benefits as of their transfer date. The amendment is executed by Lincoln National Corporation's CEO, Dennis R. Glass.
Exhibit 10.52
Amendment No. 1
Jefferson-Pilot Corporation Supplemental Benefit Plan
The Jefferson-Pilot Corporation Supplemental Benefit Plan is hereby amended effective November 30, 2007 by adding the following to the end of Paragraph 5:
“Notwithstanding the foregoing, Employees who transfer to another employer in connection with the November 30, 2007 sale by the Company of Lincoln Financial Sports, Inc., shall be 100% vested in their accrued benefit as of the date of transfer.”
IN WITNESS WHEREOF, the Chief Executive Officer of the Company has executed this Amendment this day of November, 2007.
| LINCOLN NATIONAL CORPORATION | ||
| By: | Dennis R. Glass | |
| Its: | Chief Executive Officer and President | |
