MoneyGram 2005 Annual Report Download - page 105
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Performance-based pay (as that term is defined under section 409A of the Code and regulations thereunder) shall be excluded from Compensation.
1.2.9. Disability — a medically determinable physical or mental impairment which: (i) renders the individual incapable of performing any substantial
gainful employment, (ii) can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, and (iii) is
evidenced by a certification to this effect by a doctor of medicine approved by MGI. In lieu of such a certification, a Participant shall be considered disabled if
the Participant is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an
accident and health plan covering employees of the Participant's Employer.
1.2.10. Effective Date — the date this restated Plan document is adopted by the Board of Directors of MGI.
1.2.11. Employers — MGI and each business entity affiliated with MGI that employs persons who are designated for participation in this Plan
(collectively the "Employers" and separately the "Employer").
1.2.12. ERISA — the Employee Retirement Income Security Act of 1974, as amended (including, when the context requires, all regulations,
interpretations and rulings issued thereunder).
1.2.13. Event of Maturity — any of the occurrences described in Section 6 by reason of which a Participant or Beneficiary may become entitled to a
distribution from this Plan.
1.2.14. Human Resources Committee — the Human Resources Committee of the Board of Directors of MGI (or any successor committee).
1.2.15. Incentive Pay — any performance-based cash compensation, other than Compensation, earned by a Participant under any Employer's annual or
long-term incentive plans for services rendered during a performance period of at least 12 months, as specified and approved by the Human Resources
Committee in its sole discretion (in accordance with Section 409A of the Code and related guidance).
1.2.16. MGI — MoneyGram International, Inc. and any successor thereto.
1.2.17. Participant — an employee of an Employer who is designated as eligible to participate in this Plan and becomes a Participant in this Plan in
accordance with the provisions of Section 2. An employee who has become a Participant shall be considered to continue as a Participant in this Plan until the
date of the Participant's death or, if earlier, the date when the Participant is no longer employed by an Employer or an Affiliate and upon which the Participant
no longer has any Account under this Plan (that is, the Participant has received a distribution of all of the Participant's Account).
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