JEFFERSON PILOT CORP
EX-10(X)
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<TYPE>EX-10.X
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<DESCRIPTION>EX-10(X)
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<B>EXHIBIT 10(x)</B>
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03/05
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<B>COMPENSATION OF NON-EMPLOYEE DIRECTORS</B>
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    Non-Employee Directors receive the following annual retainers
    (paid in advance semi-annually in May and November, prorated
    quarterly as applicable) and meeting fees:</TD>
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    Annual Board Retainer:</DIV>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$</TD>
    <TD align="right" valign="bottom" nowrap>40,000</TD>
    <TD>&nbsp;</TD>
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    <DIV style="margin-left: 10px; text-indent: -10px">
    Lead Director Annual Retainer</DIV>
    </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom" nowrap>10,000</TD>
    <TD>&nbsp;</TD>
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    Committee Chair Annual Retainer:</DIV>
    </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom" nowrap>10,000</TD>
    <TD>&nbsp;</TD>
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    <DIV style="margin-left: 10px; text-indent: -10px">
    Audit Committee Annual Retainer (includes eight regularly
    scheduled meetings per year including conference call meetings)
    (If there are nine or more meetings, the Audit Chair can call
    for payment of a $1,000 meeting fee for all participating
    Committee members in the event any extra meeting exceeds 30
    minutes)</DIV>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom" nowrap>5,000</TD>
    <TD>&nbsp;</TD>
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    Board Meeting Fee (typically five meetings per year):</DIV>
    </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom" nowrap>2,000</TD>
    <TD>&nbsp;</TD>
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    Committee Meeting Fee:</DIV>
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    <TD>&nbsp;</TD>
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    <TD align="right" valign="bottom" nowrap>&nbsp;</TD>
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    In connection with Board meeting</DIV>
    </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom" nowrap>500</TD>
    <TD>&nbsp;</TD>
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    <DIV style="margin-left: 10px; text-indent: -10px">
    Other meeting</DIV>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom" nowrap>1,000</TD>
    <TD>&nbsp;</TD>
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    They also receive stock options as follows through March 2008:</TD>
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    Initial grant upon joining Board (vesting in three annual
    increments):</DIV>
    </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$</TD>
    <TD align="right" valign="bottom" nowrap>175,000 face value,</TD>
    <TD>&nbsp;</TD>
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    Annual grant each February (one-year vesting):</DIV>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom" nowrap>7,500 shares*</TD>
    <TD>&nbsp;</TD>
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    (prorated by quarter if director elected after prior February)</DIV>
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    *but growth in face value capped at cumulative compound annual
    rate of 8% from February 2004 option exercise price</DIV>
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    Under an unfunded fee deferral program, retainer and/or meeting
    fees may be deferred into one or both investment vehicles.
    Transfers of account balances between vehicles are not permitted.</TD>
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    <TD>&#149;&nbsp;</TD>
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    Interest rate option tied to 24-month average rate on 7-year
    Treasuries, fixed at each year end for the next year.</TD>
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    <TD>&#149;&nbsp;</TD>
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    JP phantom stock, with dividend equivalents credited in shares.
    JP currently hedges the cost of this phantom stock through a
    Rabbi Trust that holds JP shares.</TD>
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    Directors also are eligible for matching of charitable gifts up
    to $5,000 per year.</TD>
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    Directors also are covered by Travel Accident Insurance.</TD>
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    JP covers travel expenses for Directors to attend meetings.</TD>
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<P align="center" style="font-size: 10pt;">E-12

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