MoneyGram 2005 Annual Report Download - page 106

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1.2.18. Plan — the nonqualified, income deferral program maintained by MGI established for the benefit of Participants eligible to participate therein, as
set forth in the Plan Statement. (As used herein, "Plan" does not refer to the documents pursuant to which this Plan is maintained. That document is referred to
herein as the "Plan Statement"). The Plan shall consist of three parts: the "Compensation deferral" component consisting of elective deferrals of Compensation
and matching credits with respect to such deferrals, if applicable; (ii) the "supplemental profit sharing" component consisting of supplemental profit sharing
credits made with respect to one or more Participants; and (iii) the "Incentive Pay deferral" component consisting of deferrals of Incentive Pay and matching
credits with respect to such deferrals, if applicable. All parts together constitute the Plan and shall be referred to as the "MONEYGRAM INTERNATIONAL,
INC. DEFERRED COMPENSATION PLAN."
1.2.19. Plan Statement — this document entitled "MONEYGRAM INTERNATIONAL, INC. DEFERRED COMPENSATION PLAN" as adopted by the
Board of Directors of MGI (based upon recommendation by the Human Resources Committee), as the same may be amended from time to time thereafter.
1.2.20. Plan Year — the twelve (12) consecutive month period ending on any December 31.
1.2.21. Scheduled Distribution — the scheduled, in-service distribution set forth in Section 7.1.
1.2.22. Termination of Employment — a complete severance of an employee's employment relationship with the Employers and all Affiliates, if any, for
any reason. A transfer from employment with an Employer to employment with an Affiliate of an Employer shall not constitute a Termination of
Employment. A transfer from full-time employment to employment on a part-time basis shall not constitute a Termination of Employment. If an Employer
who is an Affiliate ceases to be an Affiliate because of a sale of substantially all the stock or assets of that Employer, then Participants who are employed by
that Employer shall be deemed to have thereby had a Termination of Employment for the purpose of commencing distributions from this Plan.
Notwithstanding the foregoing, a Termination of Employment shall not occur unless such termination also qualifies as a "separation from service", as defined
under section 409A of the Code and related guidance thereunder.
1.2.23. Unforeseeable Emergency — a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant's
spouse, or a dependent (as defined in section 152(a) of the Code) of the Participant, loss of the Participant's property due to casualty, or other similar
extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.
1.2.24. Valuation Date — the last day of each calendar quarter of the Plan Year, and such other dates as may be specified by MGI.
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