Document:

Form of Restricted Stock Award Agreement

 EXHIBIT 10.7 
 FORM OF RESTRICTED STOCK AWARD AGREEMENT 
 This Restricted Stock Award Agreement (the
“Agreement”) is by and between LNC and [Name of Grantee] (the “Grantee”), and evidences the grant, by LNC on August 2, 2007 (“Date of Grant”) of a Restricted Stock Award to Grantee, and Grantee’s
acceptance of the Restricted Stock Award in accordance with the provisions of the Lincoln National Corporation Incentive Compensation Plan, as Amended and Restated effective May 10, 2007, and any amendments thereto (the “Plan”) and
this Agreement. LNC and Grantee agree as follows: 
  

	 	1.	Number of Shares Granted. Grantee is awarded [Number of Shares] shares of LNC common stock subject to the restrictions set out in the Plan and in this Agreement
(the “Restricted Shares”). In the event of a stock dividend or stock split, the number of Restricted Shares shall be automatically increased in the same manner as all outstanding shares of LNC common stock and shall be subject to the same
restrictions as the underlying shares. 

  

	 	2.	Restrictions. The Restricted Shares granted pursuant to this Agreement shall be subject to the following Restrictions until such time as the Restrictions shall lapse,
as described in Paragraph 7 below: (a) neither the Restricted Shares nor any interest or right therein or part thereof shall be sold, transferred, pledged, hypothecated, margined or otherwise encumbered by the Grantee; and (b) in the event
that Grantee’s Service (as defined below) with LNC and all subsidiaries terminates prior to the vesting dates set forth in subsection 7(a) below other than on account of death or disability or a Change of Control (as defined below), the
Restricted Shares shall be forfeited and transferred back to LNC. Upon forfeiture, Grantee shall have no further rights in such Restricted Shares nor in the Dividend Equivalent Rights Account (as described below). 

 For purposes of this Agreement, the term “Service” includes service as a common law employee, a full time life insurance salesman under
contract with LNC or a subsidiary (“planner”), or the furnishing of exclusive consulting services to LNC or a subsidiary after Retirement (termination on or after age 55 with 5 years of Service) pursuant to a written agreement. 

 

	 	3.	Voting Rights. Grantee shall have voting rights on the Restricted Shares. 

  

	 	4.	Dividend Equivalent Rights. No cash dividends shall be payable on the Restricted Shares. Instead, a Dividend Equivalent Rights Payment Account (“DER
Account”) shall be established and maintained for Grantee. Stock units equal in value to dividends attributable to the Restricted Shares shall be credited to the DER Account as of the dividend payable date. These stock units have the same
restrictions as the underlying Restricted Shares. 

  

	 	5.	Registration of Restricted Shares. The Secretary of LNC will register Restricted Shares in the name of Grantee, to be held in book entry form by the LNC’s
transfer agent until such time as the restrictions lapse or until the Restricted Shares are canceled or forfeited. The transfer of these Restricted Shares is restricted under the terms of this Agreement (as described in Paragraph 2 above).

  

	 	6.	Compliance with Non-Competition, Non-Solicitation, Non-Disparagement and Non-Disclosure Provisions. Any unvested portion of this award may be canceled by action of the
Compensation Committee of the LNC Board of Directors or its delegates if Grantee is terminated for Cause (as defined below), or if Grantee fails to comply with the non-competition, non-solicitation, non-disparagement and/or non-disclosure provisions
described below. In addition, if Grantee is terminated for Cause at any time, or if Grantee fails to comply with the non-competition, non-solicitation, non-disparagement and/or non-disclosure provisions described below during the period beginning
with the date of grant and ending on the date six months after the date that Restricted Shares vest LNC may rescind this award and Grantee must deliver to LNC within ten (10) business days after receiving written notice of rescission from LNC
[Insert Number from Paragraph 1 above] shares of LNC common stock: 

  

	 	(a)	Non-Competition. Grantee may not become employed by, work on behalf of, or otherwise render services that are the same or similar to the services rendered by Grantee at LNC
for any organization or business which competes with or provides, or is planning to provide, the same or similar products and/or services as any LNC business unit in which Grantee was employed or otherwise had responsibilities for at the time of
his/her termination. Grantee understands and agrees that this restriction is nationwide in scope. If Grantee has terminated employment, Grantee shall be free, however, to purchase, as an investment or otherwise, stock or other securities of such
organization or business so long as they are listed upon a recognized securities exchange or traded over-the-counter and such investment does not represent a greater than five percent equity interest in the organization or business.

	 	(b)	Non-Solicitation. Grantee shall not directly or indirectly hire, manage, solicit or recruit any employees, agents, financial planners, salespeople, financial advisors,
vendors or service providers of LNC whom Grantee had hired, managed, supervised, or otherwise became familiar with as a result of his/her employment with LNC and who were employed at LNC at the time of Grantee’s termination of LNC employment or
had been employed at LNC within three (3) months of Grantee’s date of termination of LNC employment. 

  

	 	(c)	Non-Disparagement. Except as required by law or subpoena, Grantee shall not (i) make any public statements regarding his/her employment with LNC (other than factual
statements concerning the dates of employment and positions held) or his/her termination or retirement from LNC that are not agreed to by LNC, such approval not to be unreasonably withheld or delayed; (ii) Grantee shall not disparage LNC or any
of its subsidiaries or affiliates, its and their respective employees, executives, officers, or Boards of Directors. 

  

	 	(d)	Non-Disclosure. Grantee shall not, without prior written authorization from LNC, disclose to anyone outside of LNC, or use in other than LNC’s business, any information
or material relating to the business of LNC that LNC considers confidential and/or proprietary pursuant to its Code of Conduct. In addition, Grantee agrees that, in the event of termination of employment for any reason, Grantee shall immediately
return all confidential and proprietary LNC information to LNC. 

 For purposes of this Agreement, “Cause” means, as
determined by LNC in its sole discretion, a conviction of a felony or any fraudulent of willful misconduct by Grantee that is materially and demonstrably injurious to the business or reputation of LNC. 
  

	 	7.	Lapse of Restrictions. Subject to Paragraph 6 above, the Restrictions on the Restricted Stock shall lapse, and the Shares shall vest fully on the earlier of the
following dates: 

  

	 	(a)	1/3 or          Shares on August 2, 2008; 

 1/3 or          Shares on August 2, 2009; and 
 1/3 or          Shares on August 2, 2010. 
  

	 	(b)	The date on which the Compensation Committee of the LNC Board of Directors determines the total disability of Grantee, as determined pursuant to any applicable federal taxation
rules; or 

  

	 	(c)	The date of the Grantee’s death; or 

  

	 	(d)	The date on which a Change of Control of LNC occurs as that term is defined in the Lincoln National Corporation Executives’ Severance Benefit Plan on the day immediately
preceding such Change of Control and pursuant to any applicable federal taxation rules. 

 Unless the Restricted Shares have
been canceled or forfeited, the Restricted Shares shall be distributed to Grantee (or Grantee’s designee or estate) without restrictions as soon as practicable. LNC shall create a book entry account in the name of the Grantee, to which shares
of LNC common stock representing the Restricted Shares and the stock units credited to the Grantee’s DER Account shall be credited. In addition, the Compensation Committee of the LNC Board of Directors may exercise its sole discretion to defer
all or a portion of such Restricted Shares and the DER Account under the Deferred Compensation Plan if the Grantee is a Reporting Person under Section 16(a) of the Securities Exchange Act of 1934 and Grantee’s employer would be denied a
tax deduction under Internal Revenue Code Section 162(m) for the value of such Restricted Shares and the DER Account. 
  

	 	8.	Tax Withholding. Grantee must remit to the Secretary of LNC an amount equal to any tax withholding required by federal, state, or local law on the value of the
Restricted Shares and the DER Account at such time as they are taxable to Grantee. Grantee may elect, in accordance with procedures established by the Committee, to surrender shares of LNC common stock (including the shares which are a part of this
award) with a fair market value on the date of surrender that satisfies all or part of the withholding requirements. 

 IN WITNESS WHEREOF,
LNC, by its duly authorized officer has signed this Agreement as of the effective date set out above. 
  

			
	LINCOLN NATIONAL CORPORATION
		
	By:	 	  

		 	Dennis R. Glass
		 	Chief Executive Officer

 SMC Restricted Stock Award 
 August 2 2007First Amendment to Credit Agreement dated as of April 29, 2008

 Exhibit 10.1 
 [EXECUTION COPY] 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of April 29, 2008, is entered into among
HEALTH NET, INC., a Delaware corporation (the “Borrower”), the Lenders and BANK OF AMERICA, N.A., as administrative agent (the “Administrative Agent”). Terms used but not otherwise
defined herein shall have the meanings provided in the Credit Agreement described below. 
 W I T N E S S E T H 
 WHEREAS, the Borrower, the Lenders party thereto, and the Administrative Agent entered into that certain Credit Agreement dated as of
June 25, 2007 (the “Existing Credit Agreement”); 
 WHEREAS, the Borrower has requested that the Required
Lenders agree to amend certain provisions of the Credit Agreement as hereinafter set forth; and 
 WHEREAS, the Required Lenders have
agreed to such modifications on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the agreements
hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 PART 1 
 DEFINITIONS 
 SUBPART 1.1 Certain Definitions. Unless otherwise defined herein or the context otherwise requires, the following terms used in this
Amendment, including its preamble and recitals, have the following meanings: 
 “Amended Credit Agreement”
means the Existing Credit Agreement as amended hereby. 
 “Amendment No. 1 Effective Date” is defined in
Subpart 3.1. 
 SUBPART 1.2 Other Definitions. Unless otherwise defined herein or the context otherwise requires, terms
used in this Amendment, including its preamble and recitals, have the meanings provided in the Existing Credit Agreement. 

 PART 2 
 AMENDMENT TO EXISTING CREDIT AGREEMENT 
 Effective on (and subject to the occurrence of) the
Amendment No. 1 Effective Date, the Existing Credit Agreement is hereby amended in accordance with this Part 2. 
 SUBPART 2.1
Amendment to Section 7.09. The second clause “(d)” and the second clause “(e)” of Section 7.09 of the Existing Credit Agreement are hereby amended to read clause “(h)” and clause “(i)”
respectively. 
 PART 3 
 CONDITIONS TO EFFECTIVENESS 
 SUBPART 3.1 Amendment No. 1 Effective Date. This Amendment shall be and
become effective as of the date hereof (the “Amendment No. 1 Effective Date”) when all of the conditions set forth in this Part 3 shall have been satisfied, and thereafter this Amendment shall be known, and may be
referred to, as the “Amendment”. 
 SUBPART 3.2 Execution of Counterparts of Amendment. The Administrative
Agent shall have received counterparts of this Amendment, which collectively shall have been duly executed on behalf of each of the Borrower, the Required Lenders and the Administrative Agent. 
 PART 4 
 MISCELLANEOUS 
 SUBPART 4.1 Cross-References. References in this Amendment to any Part or Subpart are, unless otherwise specified, to such Part or Subpart
of this Amendment. 
 SUBPART 4.2 Instrument Pursuant to Existing Credit Agreement. This Amendment is executed pursuant to the
Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with the terms and provisions of the Existing Credit Agreement. 
 SUBPART 4.3 References in Other Loan Documents. At such time as this Amendment shall become effective pursuant to the terms of Subpart
3.1, all references to the “Credit Agreement” shall be deemed to refer to the Credit Agreement as amended by this Amendment. 
 SUBPART 4.4 Counterparts/Telecopy. This Amendment may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same
agreement. Delivery of executed counterparts of the Amendment by telecopy or other electronic means shall be effective as an original and shall constitute a representation that an original shall be delivered. 
 SUBPART 4.5 Governing Law. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW
YORK. 

 SUBPART 4.6 Successors and Assigns. This Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns. 
 SUBPART 4.7 General. Except as amended hereby,
the Existing Credit Agreement and all other credit documents shall continue in full force and effect. 
 [Remainder of Page Intentionally Left
Blank] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to the Credit Agreement as of
the date first above written. 
  

									
	BORROWER:	 		 	 HEALTH NET, INC.,
 a Delaware
corporation

					
		 		 		 	By:	 	/s/ Joseph C. Capezza
		 		 		 	Name:	 	Joseph C. Capezza
		 		 		 	Title:	 	Chief Financial Officer

 FIRST AMENDMENT 
 Health Net, Inc. 

									
	ADMINISTRATIVE AGENT:	 		 	BANK OF AMERICA, N.A.
					
		 		 		 	By:	 	/s/ Alysa Trakas
		 		 		 	Name:	 	Alysa Trakas
		 		 		 	Title:	 	Vice President

 FIRST AMENDMENT 
 Health Net, Inc. 

									
	LENDERS:	 		 	 BANK OF AMERICA, N.A., as L/C Issuer,
 Swing Line Lender as a Lender

					
		 		 		 	By:	 	/s/ Alysa Trakas
		 		 		 	Name:	 	Alysa Trakas
		 		 		 	Title:	 	Vice President

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	JPMorgan Chase Bank N.A.
					
		 		 		 	By:	 	/s/ Dawn Lee Lum
		 		 		 	Name:	 	Dawn Lee Lum
		 		 		 	Title:	 	Executive Director

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	CITIBANK, N.A.
					
		 		 		 	By:	 	/s/ Peter C. Bickford
		 		 		 	Name:	 	Peter C. Bickford
		 		 		 	Title:	 	Vice President

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	Wells Fargo Bank, N.A.
					
		 		 		 	By:	 	/s/ Paul K. Stimpel
		 		 		 	Name:	 	Paul K. Stimpel
		 		 		 	Title:	 	Senior Vice President

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	 Union Bank of California, N.A.
 as a
Lender

					
		 		 		 	By:	 	/s/ Patricia A. Dorsey
		 		 		 	Name:	 	Patricia A. Dorsey
		 		 		 	Title:	 	Vice President

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	 U.S. Bank National Association
 as a
Lender

					
		 		 		 	By:	 	/s/ Richard J. Ameny, Jr.
		 		 		 	Name:	 	Richard J. Ameny, Jr.
		 		 		 	Title:	 	Vice President

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	THE BANK OF NOVA SCOTIA
					
		 		 		 	By:	 	/s/ R. Gass
		 		 		 	Name:	 	R. Gass
		 		 		 	Title:	 	Managing Director

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	UBS LOAN FINANCE LLC
					
		 		 		 	By:	 	/s/ Richard L. Tavrow
		 		 		 	Name:	 	Richard L. Tavrow
		 		 		 	Title:	 	Director
					
		 		 		 	By:	 	/s/ Mary E. Evans
		 		 		 	Name:	 	Mary E. Evans
		 		 		 	Title:	 	Associate Director

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	 Mega International Commercial Bank
 Silicon Valley Branch

					
		 		 		 	By:	 	/s/ Kuang Hua Wei
		 		 		 	Name:	 	Kuang Hua Wei
		 		 		 	Title:	 	SVP & General Manager

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	National City Bank
					
		 		 		 	By:	 	/s/ William R. McDonnell
		 		 		 	Name:	 	William R. McDonnell
		 		 		 	Title:	 	Senior Vice President

 FIRST AMENDMENT 
 Health Net, Inc. 

									
		 		 	Bank of Taiwan Los Angeles Branch
					
		 		 		 	By:	 	/s/ Ton-Yuan Yeh
		 		 		 	Name:	 	Ton-Yuan Yeh
		 		 		 	Title:	 	SVP & General Manager

 FIRST AMENDMENT 
 Health Net, Inc.

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