May 1, 2014 Voya Variable Portfolios, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(ii)
May 1, 2014
Voya Variable Portfolios, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated May 1, 2014, we have agreed to waive a portion of the investment management fee payable to us under the amended and restated Investment Management Agreement dated May 1, 2014 between Voya Investments, LLC and Voya Variable Portfolios, Inc., as amended (the “Agreement”) with respect to Voya RussellTM Large Cap Growth Index Portfolio, Voya RussellTM Large Cap Value Index Portfolio, Voya RussellTM Mid Cap Growth Index Portfolio, and Voya Hang Seng Index Portfolio (collectively, the “Portfolios”), each a series of Voya Variable Portfolios, Inc., in the amount of 0.10% per annum. By this letter, we agree to waive that fee for the period from May 1, 2014 through May 1, 2015.
Voya Investments, LLC acknowledges that any fees waived during the term of this Agreement shall not be eligible for recoupment at any time in the future.
Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Variable Portfolios, Inc.
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
| Very sincerely, | ||||
| By: | /s/ Xxxx Xxxxx |
|||
| Xxxx Xxxxx | ||||
| Senior Vice President | ||||
| Voya Investments, LLC | ||||
| Agreed and Accepted: | ||||
| Voya Variable Portfolios, Inc. | ||||
| (on behalf of the Portfolios) | ||||
| By: | /s/ Xxxxxxx X. Xxxxxx | |||
| Xxxxxxx X. Xxxxxx | ||||
| Executive Vice President | ||||
| 0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 85258-2034 |
Tel: 000-000-0000 Fax: 000-000-0000 |
Voya Investments, LLC |
