The cumyl dithiobenzoate (CDB)-mediated reversible addition fragmentation chain transfer (RAFT) polymerization of styrene at 30°C is studied via both kinetic experiments and high-level ab initio molecular orbital calculations. The kinetic data clearly indicate the delayed onset of steady-state behavior. Such an observation is consistent with the slow fragmentation model for the RAFT process, but cannot be reconciled with the cross-termination model. The comprehensive failure of the cross-termination model is quantitatively demonstrated in a detailed kinetic analysis, in which the independent influences of the pre-equilibria and main equilibria and the possible chain length dependence of cross-termination are fully taken into account. In contrast, the slow fragmentation model can describe the data, provided the main equilibrium has a large fragmentation constant of at least 8.9 × 106 L mol-1. Such a high equilibrium constant (for both equilibria) is consistent with high-level ab initio quantum chemical calculations (K = 7.3 × 106 L mol-1) and thus appears to be physically realistic. Given that the addition rate coefficient for macroradicals to (polymeric) RAFT agent is 4 × 106 L mol-1 s -1, this implies that the lifetime of the RAFT adduct radicals is close to 2.5 s. Since the radical is also kinetically stable to termination, it can thus function as a radical sink in its own right.