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2022-202
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2022-202
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Last modified
10/31/2022 12:05:16 PM
Creation date
10/31/2022 11:56:24 AM
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Official Documents
Official Document Type
Plan
Approved Date
10/11/2022
Control Number
2022-202
Agenda Item Number
8.C.
Entity Name
Lincoln Financial Group and Trust Company
Subject
Deferred Compensation Plan and Trust. Effective date September 29, 2022
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"Severance from Employment" means the date that the Employee dies, retires, or otherwise has <br />a severance from employment with the Employer, as determined by the Administrator (and <br />taking into account guidance issued under the Code). Solely for the purpose of determining <br />whether the Participant is entitled to receive a distribution of his or her Account Balance <br />pursuant to Section 6.2, a Participant shall be treated as having incurred a Severance from <br />Employment during any period the Participant is performing service in the uniformed services <br />(as defined in chapter 43 of title 38, United States Code) while on active duty for a period of <br />more than 30 days. <br />The "State" means the State that is the Employer or of which the Employer is a political <br />subdivision, agency, or instrumentality, including any agency or instrumentality of a political <br />subdivision of the State, or the State in which the Employer is located. <br />The "Trust Fund" means the trust fund created under and subject to a trust agreement or a <br />custodial account or contract described in Code Section 401(f) held on behalf of the Plan. <br />The "Valuation Date" means each business day. <br />5 <br />Specimen 457(b) Plan Document <br />Deferred Compensation Plan <br />
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