VMWare agent error: "java.util.concurrent.ExecutionException: com.vmware.vim25.NoPermission " (4244129)

Foglight VMWarePerformance agent is unable to collect from the vCenter with the following error in the logs:

java.util.concurrent.ExecutionException: com.vmware.vim25.NoPermission
...
WARN [Quartz[0]-3] com.quest.vmware.api.util.ServiceRequest - A RuntimeFault of type com.vmware.vim25.NoPermission has been thrown with the message: null
...
FATAL [Quartz[0]-11] com.quest.agent.esx.task.PerformanceTask - The user account configured for the agent does not have sufficient permissions to perform its collections.  Please review the agent configuration and ensure the correct account is being used and that this account has the necessary permissions in the VMware environment.

Insufficient permissions

Please refer to the Installing the Virtualization Management Capabilities guide for setting up the required permissions on the vCenter.  Ensure that permissions are set at the top-level (Hosts & Clusters) on the VMWare Virtual Infrastructure Client and set to propagate.