The Montana Participation Agreement is a contractual arrangement between Variable Insurance Products Fund, III (VIP Fund), and Lincoln Life and Annuity Company of New York (LACEY), designed to outline the terms and conditions regarding the participation of LACEY in the investment activities offered by the VIP Fund within the state of Montana. This agreement serves as a legally binding document, governing the relationship between the parties involved and providing a framework for the investment and partnership. It ensures that both VIP Fund and LACEY share a clear understanding of their responsibilities, rights, and obligations throughout the duration of their collaboration. Keywords: 1. Montana: Signifies that the agreement is specifically related to activities within the state of Montana, highlighting the region's relevance and jurisdiction in the context of the agreement. 2. Participation Agreement: Refers to the contract outlining the terms of participation between VIP Fund and LACEY, highlighting the nature of the partnership and the involvement of both entities. 3. Variable Insurance Products Fund, III: Refers to the specific entity involved in the agreement, emphasizing the type of investment product or program being offered. 4. Lincoln Life and Annuity Company of New York: Identifies the second party involved in the agreement, showcasing the participant's identity and their role in the partnership. 5. Investment activities: Indicates that the agreement revolves around investment-related activities, suggesting the nature of the collaboration between VIP Fund and LACEY. 6. Terms and conditions: Refers to the specific guidelines, rules, and obligations outlined within the agreement, demonstrating the scope and expectations of both parties. 7. Responsibilities: Highlights the duties and tasks that each party is obligated to fulfill as part of the agreement, emphasizing accountability. 8. Rights and obligations: Signifies the privileges and duties that both VIP Fund and LACEY possess under the agreement, showcasing the balance of power and responsibilities. 9. Collaboration: Emphasizes the cooperative nature of the agreement, underlining the need for both parties to work together to achieve mutual objectives. 10. Framework: Indicates the structure and guidelines that will govern the partnership, illustrating the overall architecture of the relationship between VIP Fund and LACEY. Different types of Montana Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York may exist, but without specific information, it is challenging to provide their names or descriptions. These could potentially include variations in investment strategies, term durations, risk management approaches, or specific objectives to be pursued within the state of Montana.