Clark Nevada Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York

• Category: Corporations - Public - Participation
• State: Multi-State
• County: Clark
• Control #: US-EG-9362
• Format: Word; Rich Text

Description

Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York and Fidelity Distributors Corporation regarding the permission of shares of the Fund to be sold and held by variable annuity and variable The Clark Nevada Participation Agreement is a legally binding contract between Variable Insurance Products Fund, III (VIP), and Lincoln Life and Annuity Company of New York (LACEY). This agreement outlines the terms and conditions under which LACEY can participate in the Clark Nevada investment program offered by VIP. The Clark Nevada investment program is designed to provide individuals with a variety of investment options, including access to a diverse range of variable insurance products. These products allow policyholders to allocate their investments across various asset classes such as stocks, bonds, and money market instruments. One type of Clark Nevada Participation Agreement between VIP and LACEY is the General Participation Agreement. This agreement provides LACEY with the general rights and obligations of participating in the Clark Nevada program. It covers areas such as investment guidelines, compensation provisions, and reporting requirements. Another type of Clark Nevada Participation Agreement is the Customized Participation Agreement. This agreement is tailored to meet LACEY's specific investment needs and objectives. It allows LACEY to have more flexibility in selecting investment options and customizing their portfolio based on client preferences and risk tolerance. The Clark Nevada Participation Agreement also includes provisions related to fees and expenses. These include management fees, administrative fees, and any other charges associated with participating in the program. The agreement clearly outlines the calculation and payment of these fees to ensure transparency and fairness for all parties involved. Furthermore, the agreement highlights the rights and responsibilities of both VIP and LACEY. It addresses topics such as termination clauses, dispute resolution methods, and indemnification provisions. These provisions aim to protect the interests of both parties and establish a fair and mutual understanding of the agreement's terms. In conclusion, the Clark Nevada Participation Agreement between VIP and LACEY is a key document that establishes the framework for LACEY's participation in the Clark Nevada investment program. It outlines the rights, obligations, and terms that both parties must adhere to. By providing various types of participation agreements, such as the General and Customized Participation Agreements, LACEY can benefit from the investment opportunities offered by VIP while aligning with their specific investment objectives.

The Clark Nevada Participation Agreement is a legally binding contract between Variable Insurance Products Fund, III (VIP), and Lincoln Life and Annuity Company of New York (LACEY). This agreement outlines the terms and conditions under which LACEY can participate in the Clark Nevada investment program offered by VIP. The Clark Nevada investment program is designed to provide individuals with a variety of investment options, including access to a diverse range of variable insurance products. These products allow policyholders to allocate their investments across various asset classes such as stocks, bonds, and money market instruments. One type of Clark Nevada Participation Agreement between VIP and LACEY is the General Participation Agreement. This agreement provides LACEY with the general rights and obligations of participating in the Clark Nevada program. It covers areas such as investment guidelines, compensation provisions, and reporting requirements. Another type of Clark Nevada Participation Agreement is the Customized Participation Agreement. This agreement is tailored to meet LACEY's specific investment needs and objectives. It allows LACEY to have more flexibility in selecting investment options and customizing their portfolio based on client preferences and risk tolerance. The Clark Nevada Participation Agreement also includes provisions related to fees and expenses. These include management fees, administrative fees, and any other charges associated with participating in the program. The agreement clearly outlines the calculation and payment of these fees to ensure transparency and fairness for all parties involved. Furthermore, the agreement highlights the rights and responsibilities of both VIP and LACEY. It addresses topics such as termination clauses, dispute resolution methods, and indemnification provisions. These provisions aim to protect the interests of both parties and establish a fair and mutual understanding of the agreement's terms. In conclusion, the Clark Nevada Participation Agreement between VIP and LACEY is a key document that establishes the framework for LACEY's participation in the Clark Nevada investment program. It outlines the rights, obligations, and terms that both parties must adhere to. By providing various types of participation agreements, such as the General and Customized Participation Agreements, LACEY can benefit from the investment opportunities offered by VIP while aligning with their specific investment objectives.