(b) The adoption agreement shall contain a statement that the sponsor agrees to abide by the provisions of article 11-AAA of the General Municipal Law, the rules and regulations promulgated thereunder and the program and trust agreements, as amended from time to time. The adoption agreement shall incorporate the following terms of the program as determined by the sponsor:

1. (1) the name of the sponsor;
2. (2) the name of each volunteer ambulance company having volunteer ambulance workers who are potential program participants;
3. (3) the benefit under the program;

4. (4) in the case of a defined benefit plan service award program which was not converted from a pre-existing defined contribution plan service award program:

   1. (i) the date as of which the program shall take effect;
   2. (ii) whether the program provides credit for years of ambulance service rendered by a participant during the five calendar years immediately preceding the adoption of the program;
   3. (iii) if the program provides credit for years of ambulance service rendered by a participant during the five calendar years immediately preceding the adoption of the program, a statement setting forth the timing and method of financing the cost of providing such credit; and
   4. (iv) if the program is to take effect on a day other than the first day of January, a statement setting forth whether points toward a year of ambulance service shall be granted for activities performed between the immediately preceding first day of January and the effective date of the program;

5. (5) in the case of a defined benefit plan service award program which was converted from a defined contribution plan service award program:

   1. (i) the effective date of the original defined contribution plan service award program (which shall be the effective date of the defined benefit plan service award program);
   2. (ii) a statement setting forth whether the defined benefit plan service award program provides credit for years of ambulance service rendered by a participant during the five calendar years immediately preceding the effective date of the defined contribution plan program; and
   3. (iii) if the defined benefit plan program allows credit for years of ambulance service during the five calendar years immediately preceding the effective date of the defined contribution plan service award program, a statement setting forth the timing and method of financing the cost of granting such service credit under the defined benefit plan service award program.