Directed Services LLC
Exhibit (d)(24)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
July 21, 2012
ING Partners, Inc.
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxx 000
Xxxxxxxxxx, XX 00000-0000
Re: Expense Limitations
Ladies and Gentlemen:
By execution of this letter agreement (the “Agreement”) to the Amended and Restated Expense Limitation Agreement dated December 7, 2005, as amended and restated, intending to be legally bound hereby, Directed Services LLC (“DSL”), the Adviser to ING Xxxxxxxxx Foreign Equity Portfolio (the “Portfolio”), agrees that DSL shall, from July 21, 2012 through May 1, 2014, subject to shareholder approval of the reorganization of ING Artio Foreign Portfolio with and into the Portfolio, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Portfolio, shall be as follows:
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Maximum Operating Expense Limit |
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Classes |
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Name of Portfolio |
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Adviser Class |
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Initial Class |
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Service Class |
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Service 2 Class |
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ING Xxxxxxxxx Foreign Equity Portfolio |
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1.42 |
% |
0.92 |
% |
1.17 |
% |
1.32 |
% |
DSL acknowledges that any fees waived or expenses reimbursed during the term of this Agreement shall not be eligible for recoupment at any time in the future.
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Sincerely, |
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/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services LLC |
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