MoneyGram 2011 Annual Report Download - page 198

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Exhibit 10.93
MONEYGRAM INTERNATIONAL, INC.
2005 OMNIBUS INCENTIVE PLAN
PERFORMANCE RESTRICTED STOCK UNIT
AWARD AGREEMENT
(FOR PARTICIPANTS IN FRANCE)
This PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is made by and between MoneyGram
International, Inc., a Delaware corporation (the “Company”), and (the “Participant”). The grant date of this award is (the
“Grant Date”).
1. Award.
The Company hereby grants to the Participant a Restricted Stock Unit (a “Unit”) award covering shares (the “Shares”) of Common
Stock, $.01 par value per share, of the Company according to the terms and conditions as provided in this Agreement, the 2005 Omnibus Incentive Plan for
Grantees in France (the “French Sub−Plan”), and in the Company’s 2005 Omnibus Incentive Plan (the “U.S. Plan”) (collectively, the “Plan”). Each Unit
represents the right to receive one Share, subject to the vesting requirements of this Agreement and the terms of the Plan. The Units are granted under
Section 6(c) and 6(d) of the U.S. Plan. A copy of the U.S. Plan and the French Sub−Plan shall be provided to each Participant. Each capitalized term used
but not defined in this Agreement shall have the meaning assigned to that term in the Plan.
The Units granted under this Agreement to “covered employees” (within the meaning of Code Section 162(m) of the United States Internal Revenue
Code of 1986, as amended (the “Code”) and the regulations promulgated thereunder) are intended to qualify as “qualified performance−based
compensation” as described in Code Section 162(m)(4)(C) (“Qualified Performance−Based Compensation”).
The Units are intended to qualify for the favorable tax and social security regime in France under Section L. 225−197 to L. 225−197−6 of the French
Commercial Code, as amended. Certain events may affect the status of the Units as French−qualified Restricted Stock Units and the French−qualified
Restricted Stock Units may be disqualified in the future. The Company does not make any undertaking or representation to maintain the qualified status of
the Units. If the Units no longer qualify as French−qualified Restricted Stock Units, the favorable tax and social security treatment will not apply and the
Participant will be required to pay any applicable income tax and social security contributions resulting from the Units.