MoneyGram 2005 Annual Report Download - page 123

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12.11. Tax Withholding. The Employers (or any other person legally obligated to do so) shall withhold the amount of any federal, state or local income tax,
payroll tax or other tax required to be withheld under applicable law with respect to any amount payable under this Plan. All benefits otherwise due hereunder
shall be reduced by the amount to be withheld.
12.12. Expenses. All expenses of administering the benefits due under this Plan shall be borne by the Employers.
12.13. Spendthrift Provision. No Participant or Beneficiary shall have any interest in any Account which can be transferred nor shall any Participant or
Beneficiary have any power to anticipate, alienate, dispose of, pledge or encumber the same while in the possession or control of the Employers. MGI shall
not recognize any such effort to convey any interest under this Plan. No benefit payable under this Plan shall be subject to attachment, garnishment, execution
following judgment or other legal process before actual payment to such person.
The power to designate Beneficiaries to receive the Account of a Participant in the event of such Participant's death shall not permit or be construed to permit
such power or right to be exercised by the Participant so as thereby to anticipate, pledge, mortgage or encumber such Participant's Account or any part thereof,
and any attempt of a Participant so to exercise said power in violation of this provision shall be of no force and effect and shall be disregarded by the
Employers.
This section shall not prevent MGI from exercising, in its discretion, any of the applicable powers and options granted to it upon the occurrence of an Event of
Maturity, as such powers may be conferred upon it by any applicable provision hereof.
12.14. Amendment History. This Plan was formerly known as the "MONEYGRAM INTERNATIONAL, INC. SUPPLEMENTAL 401(k) PLAN" adopted
August 19, 2005, but effective January 1, 2006. That Plan was a successor plan to the MONEYGRAM INTERNATIONAL, INC. SUPPLEMENTAL
PROFIT SHARING PLAN adopted May 10, 2005. -21-