EX-10.01






RELOCATION ASSISTANCE REPAYMENT AGREEMENT




1. This Relocation Assistance Repayment Agreement (“Agreement”) is by and between MoneyGram
Payment Systems, Inc. (“MoneyGram”) and Luke Wimer (“Individual”). MoneyGram has agreed to incur
expenses, and make certain payments to Individual (collectively, the “Payments”) to enable
Individual to relocate from Boston to Dallas to as the EVP Operations & Technology. The Payments
are described in the attached “Exhibit 1” to this Agreement. This agreement supersedes any other
relocation agreements/arrangements with MoneyGram Payment Systems, Inc.



2. Individual confirms that neither he/she nor any other household member is receiving relocation
benefits from any other company or source. If so, Individual acknowledges and agrees that the
Payments are subject to reduction by MoneyGram in an amount equal to any relocation benefits paid
by another source.



3. Individual agrees to repay MoneyGram, on demand, for any and all Payments made by MoneyGram
(including any grossed-up amounts) in the event of any of the following occurrences: (a) Individual
voluntarily terminates his/her employment with MoneyGram for any reason other than death or total
disability, or is terminated for Cause (as defined below) within twenty-four (24) months of the
date of this Agreement; or (b) Individual fails to relocate within one year of this agreement.



The amount to be repaid shall be 100% of the gross Payments if any of the occurrences
described in (a) or (b) above takes place during the twenty-four (24) months following the date of
this Agreement.



4. For purposes of this Agreement, MoneyGram will have “Cause” to terminate Individual’s employment
if MoneyGram determines, in its sole discretion, that Individual (a) misappropriated any funds or
property from MoneyGram, or committed fraud or embezzlement, or engaged in any criminal,
fraudulent, dishonest or illegal activities; (b) unreasonably failed to perform MoneyGram-related
employment duties in any material respect; or (c) committed willful or grossly negligent acts that
impair MoneyGram’s goodwill or business.



5. Individual acknowledges and agrees that his/her repayment obligations under this Agreement
extends to all of the Payments, without regard to any deduction for any payroll or other tax
obligations. Individual further acknowledges and agrees that he/she is responsible for any tax
obligations arising out of his/her receipt of any relocation benefits and for any tax refund or
credit applications in the event of the Individual’s repayment of any relocation benefits.



6. Individual further understands and acknowledges that the Payments (or a substantial portion
thereof) will be included on his/her W-2 Form as “Other Compensation,” and that it is Individual’s
responsibility to contact a tax advisor regarding proper preparation of his/her tax returns, and
the effect of the Payments on such tax returns



7. Individual understands and agrees that any repayment(s) required under this Agreement will be
due and payable to MoneyGram within thirty (30) days of Individual’s last day of employment. The
Individual further agrees to reimburse MoneyGram for any attorneys’ fees, court costs and expenses
that MoneyGram incurs in enforcing the terms of this Agreement.



8. Individual understands and agrees that upon his/her notice to MoneyGram of his/her decision to
voluntarily terminate employment, or failure to relocate pursuant to a transfer, or the termination
of Individual’s employment for Cause, MoneyGram will have no further obligation to provide any
further Payments, or to process any pending request for relocation benefits and/or reimbursements.



9. Individual agrees to abide by the policies and procedures described in MoneyGram’s U.S. Domestic
Relocation Policy.



10. Nothing in this Agreement changes Individual’s status as an “at-will” employee. Individual
understands that his/her employment may be terminated for any reason at any time by either
MoneyGram or by Individual. Nothing in this Agreement constitutes a contract or guarantee of
employment for any specific period of time.



11. The terms of this Agreement shall be governed by and interpreted in accordance with the laws of
the State of Texas. This Agreement contains the entire agreement and understanding between
Individual and MoneyGram with respect to the subject matter hereof and supersedes all prior
understandings, arrangements, representations, warranties and agreements between the parties,
whether oral or written, with respect to the same. This Agreement may only be modified by a
writing, signed by each duly authorized representative, which includes a specific acknowledgement
of and reference to this Agreement.



12. To the extent that any court of competent jurisdiction holds any provisions (or any part of a
provision) of this Agreement to be invalid or unenforceable, such holding shall in no way affect
the validity or enforceability of the remainder of this Agreement.



Individual hereby acknowledges he/she has carefully read this Agreement, and with a full and
complete understanding of its terms, voluntarily accepts its terms and conditions.



	 	 	 
	/s/ J. Lucas Wimer

	 	/s/ Steven Piano
	 

	 	 
	Individual’s Signature

	 	Company Representative
	J. Lucas Wimer

	 	July 15, 2011
	 

	 	 
	Print Name

	 	Date
	July 15, 2011

	 	

	 

	 	

	Date

	 	







1




EXHIBIT 1




J. Lucas Wimer



Payments subject to recovery by MoneyGram Payment Systems Inc.:




	 	•	 	A relocation allowance of $100,000 (less applicable taxes and withholdings), paid upon
your acceptance of this agreement.






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