Exhibit (d)(1)(iii) May 1, 2022 Voya Variable Portfolios, Inc.
Exhibit (d)(1)(iii)
May 1, 2022
Voya Variable Portfolios, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
By this letter dated May 1, 2022, we have agreed to waive a portion of the management fee payable to us under the Amended and Restated Investment Management Agreement, dated November 18, 2014, as amended and restated on May 1, 2015, between Voya Investments, LLC ("VIL") and Voya Variable Portfolios, Inc. ("VVPI") (the "Agreement"), with respect to Voya Emerging Markets Index Portfolio (the "Portfolio"), a series of VVPI, in the amount of 0.27% per annum, as if the management fee specified in the Agreement were 0.38%. By this letter, we agree to waive that fee for the period from May 1, 2022 through May 1, 2023.
VIL 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 VVPI.
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May 1, 2022
Page 2
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
Very sincerely,
By: /s/Xxxx Xxxxx__________________
Name: Xxxx Xxxxx
Title: Senior Vice President
Voya Investments, LLC
ACCEPTED AND AGREED TO: Voya Variable Portfolios, Inc. (on behalf of the Portfolio)
By: /s/Xxxxxxxx X. Xxxxxxxx
Name: Xxxxxxxx X. Xxxxxxxx
Title: Senior Vice President, Xxxx Authorized
