Delaware Distributors, L.P.
Ex-99.h.4
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Philadelphia, PA 19103
April 26, 2007
0000 Xxxxxx Xxxxxx
Philadelphia, PA 19103
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Delaware Distributors, L.P. (the “Distributor”) agrees that in order to improve the performance of Delaware VIP Capital Reserves Series, Delaware VIP Cash Reserve Series, Delaware VIP Balanced Series, Delaware VIP Diversified Income Series, Delaware VIP Emerging Markets Series, Delaware VIP Growth Opportunities Series, Delaware VIP High Yield Series, Delaware VIP International Value Equity Series, Delaware VIP Value Series, Delaware VIP REIT Series, Delaware VIP Select Growth Series, Delaware VIP Small Cap Value Series, Delaware VIP Trend Series, and Delaware VIP US Growth Series (collectively, the “Series”), which are series of Delaware VIP Trust, the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees for the Series’ Service Class Shares, so that such Series’ Rule 12b-1 (distribution) fees will not exceed 0.25% for the period May 1, 2007 through April 30, 2008.
The Distributor acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.
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Delaware Distributors, L.P. |
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By: |
/s/ Xxxxxxxx X. Xxxxx |
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Name: Xxxxxxxx X. Xxxxx |
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Title: |
Executive Vice President, Retail Product |
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Sales and Marketing |
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Date: April 26, 2007 |
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Your signature below acknowledges
acceptance of this Agreement:
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By: |
/s/ Xxxxxxx Xxxxx |
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Name: Xxxxxxx Xxxxx |
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Title: Senior Vice President and Chief Financial Officer |
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Date: April 26, 2007 |
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