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Lincoln Financial Group 1/22/2024
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Lincoln Financial Group 1/22/2024
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Entry Properties
Last modified
1/23/2024 2:33:58 PM
Creation date
1/23/2024 2:33:17 PM
Metadata
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Contracts
Contractor's Name
Lincoln Financial Group
Approval Date
1/22/2024
End Date
12/31/2024
Department
Human Resources
Department Project Manager
Michael Duerr
Subject / Project Title
Lincoln Financial Group HRA/VEBA Transfer
Tracking Number
0004147
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Other Services Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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Lincoln National Corporation <br /> 150 N. Radnor-Chester Road <br /> Radnor, PA 19087-5221 <br /> <br /> www.LincolnFinancial.com <br />Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Certain affiliates act as the administrative <br />agent for CIGNA Life Insurance Company and Connecticut General Life Insurance Company. <br />LCN-4152324-011122 Page 1 of 2 <br />Continuity Plan Summary <br />Lincoln National Corporation (“LNC”) headquartered in Radnor, PA, is the parent corporation of, among <br />others, The Lincoln National Life Insurance Company, First Penn-Pacific Life Insurance Company, and <br />Lincoln Life & Annuity Company of New York. LNC’s subsidiaries have offices located in Atlanta, GA; <br />Boston, MA; Charlotte, NC; Fort Wayne, IN; Greensboro, NC; Hartford, CT; Omaha, NE; Philadelphia, PA; <br />Phoenix, AZ; Radnor, PA; Dover, NH; and Syracuse, NY. Lincoln Financial Advisors Corporation, Lincoln <br />Financial Distributors, Inc., and Lincoln Financial Securities Corporation have business locations <br />throughout the USA. Unless the context otherwise implies, as used herein LNC refers to LNC and its <br />subsidiaries. <br />LNC is committed to safeguarding the interests of its clients and customers in the event of an emergency <br />or significant business disruption ("SBD"). LNC’s broad business continuity strategy is designed to enable <br />LNC to meet its existing obligations to its clients and customers in the event of an emergency or SBD by <br />safeguarding employees and property, making a financial and operational assessment, recovering, and <br />resuming operations, protecting LNC’s books and records, and allowing customers to conduct business. <br />Business Continuity Planning <br />LNC has a documented corporate policy requiring each Business Unit to develop a business continuity <br />plan. In support of this policy, LNC’s Business Resilience area has the full-time responsibility of <br />coordinating the development, testing and maintenance of all LNC Business Continuity Plans. Business <br />Resilience determines and drives appropriate strategies for the development of a resilient business <br />environment with formal systematic processes with auditable controls that enforces the corporate <br />policy on continuity. <br />LNC’s Business Continuity Plans address advance preparations and actions to be taken in response to <br />disruptions of various magnitudes. The Business Continuity Plans address the potential impact of varying <br />risks of disruptions to LNC employees, equipment, computer and telecommunications systems, and <br />office facilities. While it is impossible to anticipate every type of disruption that could affect LNC’s <br />businesses, LNC takes an ‘all hazards’ approach to planning which encompasses reduction in workforce, <br />loss of facility and loss of data. <br />Crisis Management <br />Local crisis management teams are in place in all LNC locations. These local crisis teams are charged with <br />recording and managing any potential or actual crisis at the site from the time a situation occurs to the <br />resolution of the incident and resumption of normal business operations. <br />Backup and Recovery <br />With the use of a co-located alternate Disaster Recovery data center solution LNC maintains back-up <br />systems and power supplies that allow critical computer and telecommunications systems and facility <br />functions to be maintained in the event of significant business disruption("SBD"). The duration of the <br />disruption will depend on the nature and extent of the emergency or SBD. <br />In the event of an SBD, where it is not possible to conduct business from one of LNC’s offices, the <br />company will utilize work from home solutions as well as the use of alternate sites equipped with <br />resources to support critical business operations. <br />LNC’s Business Continuity Plans are reviewed as necessary, and at least annually, to ensure they account <br />for technology, business, operations, structure, or location.
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