LNC Executive's Excess Compensation Pension Benefit Plan

Exhibit 10(h)


LINCOLN NATIONAL CORPORATION
EXECUTIVES'
EXCESS COMPENSATION PENSION BENEFIT PLAN


As Adopted Effective as of January 1, 1989


LINCOLN NATIONAL CORPORATION


By:--------------------------------------
Ian M. Rolland
Its Chairman and Chief Executive Officer


LINCOLN NATIONAL CORPORATION
EMPLOYEES' EXCESS COMPENSATION PENSION BENEFIT PLAN


Section 1
General


1.1 Effective as of January 1, 1989, Lincoln National Corporation, an Indiana corporation (the "Company") has established the Lincoln National Corporation Employees' Excess Compensation Benefit Plan (the "Plan").


1.2 This Plan is for a select group of highly compensated and management personnel who are participants in the Lincoln National Corporation Employees' Retirement Plan, which plan is maintained for employees of Lincoln National Corporation and its affiliates who retire, or have retired, under the said plan and the beneficiaries of such participants.


1.3 The Company and any of its affiliates which with the written consent of the Chief Executive Officer of the Company adopt the Plan are referred to below collectively as the "Employers" and individually as an "Employer".


1.4 This Plan is completely separate from the Lincoln National Corporation Employees' Retirement Plan and is not funded or qualified for special tax treatment under the Internal Revenue Code.


1.5 The purpose of the Plan is to restore retirement benefit payments to those participants, and the beneficiaries of such participants, who retire or have retired under the Lincoln National Corporation Employees' Retirement Plan and whose retirement benefits are limited by section 401(a)(17) of the Internal Revenue Code of 1986, as amended.


1.6 Any action required or permitted to be taken by any Employer under the Plan shall be by resolution of its Board of Directors, or by a person or persons authorized by resolution of its Board of Directors.


Section 2
Eligibility


2.1 Any participant in the Lincoln National Corporation Employees' Retirement Plan who retires or has retired under said plan, or such participant's beneficiar ...