MoneyGram 2011 Annual Report Download - page 207

(iv) Finally, the Participant shall pay to the Company or the Employer any amount of Tax−Related Items that the Company or the Employer
may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously
described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of Shares, if the Participant fails to comply with the
Participant’s obligations in connection with the Tax−Related Items.
(e) Interpretations. This Agreement is subject in all respects to the terms of the Plan. A copy of the Plan is available upon the Participant’s request.
Terms used herein which are defined in the Plan shall have the respective meanings given to such terms in the Plan, unless otherwise defined herein. In the
event that any provision of this Agreement is inconsistent with the terms of the Plan, the terms of the Plan shall govern. Any question of administration or
interpretation arising under this Agreement shall be determined by the Committee, and such determination shall be final, conclusive and binding upon all
parties in interest.
(f) Nature of Grant. In accepting the grant, the Participant acknowledges, understands and agrees that:
(i) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated
by the Company at any time;
(ii) the grant of the Units is voluntary and occasional and does not create any contractual or other right to receive future grants of units, or
benefits in lieu of units, even if units have been granted repeatedly in the past;
(iii) all decisions with respect to future Unit grants, if any, will be at the sole discretion of the Company;
(iv) the Participant’s participation in the Plan shall not create a right to further employment with the Employer and shall not interfere with the
ability of the Employer to terminate the Participant’s employment or service relationship (if any) at any time;
(v) the Participant is voluntarily participating in the Plan;
(vi) the Units and the Shares subject to the Units are not intended to replace any pension rights or compensation;
(vii) the future value of the underlying Shares is unknown and cannot be predicted with certainty;
(viii) no claim or entitlement to compensation or damages shall arise from forfeiture of the Units resulting from the Participant’s termination of
employment by the Company or the Employer (for any reason whatsoever and whether or not in breach of any employment law in the country where the
Participant resides, even it otherwise applicable to the Participant’s employment benefits from the Employer, and whether or not later found to be invalid),
and in consideration of the grant of the Units to which the Participant is otherwise not entitled, the Participant irrevocably agrees never to institute any claim
against the Company or the Employer, waives his or her ability, if any, to bring any such claim, and releases the
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