The Contra Costa California Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York is a legally binding document that outlines the terms and conditions for participation in the investment fund by Lincoln Life and Annuity Company of New York. This agreement sets forth the rights and obligations of both parties involved, ensuring clarity and transparency in their business relationship. In regard to the various types of Contra Costa California Participation Agreements between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York, there may be different variations depending on the specific investment strategy, duration, or target assets. Some common types of participation agreements include: 1. Fixed Participation Agreement: This type of agreement establishes a fixed percentage of participation in the investment fund by Lincoln Life and Annuity Company of New York. The percentage may vary based on factors such as the amount invested or the overall performance of the fund. 2. Variable Participation Agreement: In this type of agreement, the percentage of participation may fluctuate over time based on market conditions, investment performance, or other predetermined factors. This allows for flexibility and potential adjustments to optimize returns. 3. Duration-based Participation Agreement: This agreement sets a specific duration for the participation of Lincoln Life and Annuity Company of New York in the investment fund. It could be a fixed term or renewable term, providing the opportunity for review and potential adjustments at the end of each duration. 4. Asset-specific Participation Agreement: Sometimes, the agreement may specify participation in a particular asset class or investment opportunity within the Contra Costa California Investment Fund. This type of agreement allows for targeted investment strategies and aligns with the specific objectives of both parties. Regardless of the specific type of participation agreement, the Contra Costa California Participation Agreement ensures that both Variable Insurance Products Fund, III, and Lincoln Life and Annuity Company of New York are bound by the terms and conditions defined within the agreement. It protects the interests of both parties and establishes a clear framework for their collaborative investment activities.