Directed Services LLC May 1, 2016 Voya Partners, Inc. Suite 100 Scottsdale, AZ 85258 Ladies and Gentlemen:
(d)(1)(iii)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2016
Voya Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Suite 100
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the sub-advisory agreement, dated June 7, 2011, as amended, between Directed Services LLC (“DSL”) and Voya Investment Management Co. LLC (“VIM”) (the “Sub-Advisory Agreement”), the sub-advisory fee for Voya Global Bond Portfolio (the “Portfolio”) was reduced on January 21, 2011 in connection with the sub-adviser change to VIM. On November 18, 2014, VIM executed a new Sub-Advisory Agreement.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from May 1, 2016 through May 1, 2017. The Reduction shall be calculated as follows:
Reduction = 50% x (the sub-advisory fee rate for the Portfolio prior to January 21, 2011 — the sub-advisory fee rate for the Portfolio after January 21, 2011)
Notwithstanding the foregoing, termination or modification of this letter agreement requires approval by the Board of Directors of Voya Partners, Inc.
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Please indicate your agreement to this Reduction by executing below in the place indicated.
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Very sincerely, | |
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By: |
/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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Agreed and Accepted: |
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Voya Partners, Inc. |
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(on behalf of the Portfolio) |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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