MoneyGram 2005 Annual Report Download - page 110

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3.2. Matching Credits.
3.2.1. Matching Credits on Compensation Deferrals. With respect to one or more Participants in the Compensation deferral component of the Plan, MGI
may make a matching credit to a Participant's Account for a Plan Year. MGI shall have sole discretion to determine the matching credit which shall be
credited, if any, and shall not have any obligation for uniformity of treatment among Participants or of any other person; provided, however, that such
matching credit shall not exceed one hundred percent (100%) of the first four percent (4%) of Compensation deferred by the Participant for the Plan Year and
credited under Section 3.1 above. MGI's decision to make a matching credit in any year shall not require approval of similar awards at all to any Participant or
other person at any future date. Matching credits shall be recorded in cash as of the time or times (or as soon as administratively practicable thereafter) when
the credits are awarded.
3.2.2. Matching Credits on Incentive Pay Deferrals. With respect to one or more Participants in the Incentive Pay deferral component of the Plan, MGI
may make a matching credit to a Participant's Account for a Plan Year. MGI shall have sole discretion to determine the amount which shall be credited, if any,
and shall not have any obligation for uniformity of treatment among Participants or of any other person. MGI's decision to make a matching credit in any year
shall not require approval of similar awards at all to any Participant or other person at any future date. Matching credits shall be recorded in cash as of the
time or times (or as soon as administratively practicable thereafter) when the credits are awarded. The match credited with respect to an Incentive Pay deferral
shall not exceed the lesser of:
(a) one hundred percent (100%) of the first four (4%) of Incentive Pay deferred by the Participant for the performance period and credited under
Section 3.1; or
(b) four percent (4%) of the Participant's Compensation for the Plan Year immediately preceding the Plan Year in which the Incentive Pay deferral is
credited to the Plan, less the total match credited with respect to Compensation deferred by the Participant for such preceding Plan Year under
Section 3.2.1.
3.3. Supplemental Profit Sharing Credits. With respect to one or more Participants in the supplemental profit sharing component of the Plan, MGI may
make a profit sharing credit to a Participant's Account for a Plan Year to the extent that it is determined that a Participant's Profit Sharing Contribution under
the MoneyGram International, Inc. 401(k) Plan was reduced by sections 401(a)(17) or 415 of the Code or any other legal limitations. MGI shall have sole
discretion to determine the amount of the reduction which shall be credited to this Plan, if any, and shall not have any obligation for uniformity of treatment
among Participants or of any other person. In no event, however, shall the amount credited under this Plan with respect to a Plan Year exceed the amount by
which the Participant's Profit Sharing Contribution under the MoneyGram International, Inc. 401(k) Plan was reduced by sections 401(a)(17) and 415 of the
Code or any other legal limitations for such Plan Year. MGI's decision to make a supplemental
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