Document:

Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan

 Exhibit 10.94 
 MONEYGRAM INTERNATIONAL, INC. 
 2005 OMNIBUS INCENTIVE PLAN

 STOCK OPTION AGREEMENT 
 (FOR OPTIONEES IN FRANCE) 
 This Global Stock Option Agreement (this
“Agreement”) is made effective as of [            ], 20[        ] (the “Grant Date”) between MoneyGram
International, Inc., a Delaware corporation (the “Company”), and [            ] (the “Optionee”). Each capitalized term used but not defined in this
Agreement shall have the meaning assigned to that term in the Company’s 2005 Omnibus Incentive Plan (the “U.S. Plan”). 
 WHEREAS, in connection with the Optionee’s employment with the Company, the Company desires to grant to the Optionee an option to purchase shares of the Company’s Common Stock, par value $0.01
per share (the “Common Stock”) on the date hereof pursuant to the terms and conditions of this Agreement, the 2005 Omnibus Incentive Plan for Grantees in France (the “French Sub-Plan”) and the U.S. Plan
(collectively, the “Plan”); 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Grant of Option. 
 Subject to the terms and
conditions of the Plan and this Agreement, the Company hereby grants to the Optionee on the Grant Date, an option to purchase up to [            ] shares of Common Stock at the option price
set forth in Section 2 (the “Option”). 
 The foregoing award is a U.S. Non-qualified Stock Option granted
under the Plan, which is incorporated herein by this reference and made part of this Agreement. The Option is not an incentive stock option within the meaning of Section 422 of the United States Internal Revenue Code of 1986, as amended (the
“Code”). 
 The Option is intended to qualify for the favorable income tax and social security regime in France
under Sections L. 225-177 to L. 225-186-1 of the French Commercial Code, as amended. Certain events may affect the status of the Option as French-qualified and the Option could be disqualified in the future. The Company does not make any undertaking
or representation to maintain the qualified status of the Option during the lifetime of the Option. If the Option no longer qualifies for favorable tax and social security tax treatment in France, favorable tax and social security treatment will not
apply and the Optionee will be required to pay any applicable income tax and social security contributions resulting from the Option. 
 2. Option Price. 
 The per share purchase price of the shares subject to the
Option shall be $             (the “Option Price”). Such Option Price meets the requirements of Section II.2(c) of the French Sub-Plan. 

 3. Term of Option and Exercisability. 

(a) The term of the Option shall be for a period of nine and one-half (9  1/2) years from the Grant Date, terminating at the close of business on
[            ], 20[        ] (the “Expiration Date”) or such shorter period as is prescribed in Sections 6 and 7 of this Agreement.
Subject to the provisions of Sections 5, 6 and 7 of this Agreement, the Option shall vest and become exercisable as follows: 
  

			
	Vesting Date	  	Aggregate Percentage Vested
		
	 [Insert vesting schedule]
	  	

 There shall be no partial vesting during any period. Except as set forth in Section 6 hereof, if the
Optionee’s employment with the Company or any of its Subsidiaries is terminated on or prior to the fourth anniversary of the Grant Date, the unvested portion of the Option shall be forfeited as described in Section 6 hereof. 

(b) For purposes of this Agreement, “Subsidiary” shall mean any present or future “subsidiary corporation” of the
Company, as defined in Section 424(f) of the Code. 
 4. Sale Restriction and Holding Period for French-Qualified
Options. 
 (a) Shares of Common Stock acquired upon exercise cannot be sold or transferred before the expiration of the
applicable holding period for French-qualified options set forth by Section 163 bis C of the French Tax Code, as amended, except as provided in the French Sub-Plan or as otherwise in keeping with French law. Under current law, the holding
period is four years from the Grant Date, but shall not be more than three years from the date on which the Optionee exercises his or her Option. In order to satisfy this holding period, the Company shall restrict the transfer of the shares
of Common Stock until the expiration of the relevant holding period to benefit from the favorable tax and social regime in France. 
 (b) The sale of shares of Common Stock before the end of the four-year holding period following the Grant Date will not result in the loss of the favorable tax and social security regime in the event of
the following special circumstances: (i) death, (ii) Disability (as defined in the French Sub-Plan), (iii) dismissal (as defined by Section 91-ter of Exhibit II to the French Tax Code and as construed by the French Tax Circulars
and subject to the fulfillment of related conditions), or Forced Retirement where Participant has exercised his or her Option at least three months prior to the sending of the notice of dismissal or prior to the effective date of the Forced
Retirement. 

  
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 5. Effect of Change in Control. 

Notwithstanding the vesting provisions contained in Section 3 above, but subject to the other terms and conditions contained in this
Agreement, from and after a Change in Control (as defined below) the following provisions shall apply: 
 (a) If at the time of
the Change in Control, the per share Fair Market Value of the Common Stock does not exceed the per share Option Price, then this Option, whether vested or unvested, shall immediately terminate in full and be of no further force or effect; and

 (b) If at the time of the Change in Control, the per share Fair Market Value of the Common Stock exceeds the Option Price,
then the Committee, in its sole discretion, may: 
 (i) provide the Optionee a reasonable amount of time (such period of time
to be determined by the Committee in its sole discretion) to exercise the vested and unexercised portion of this Option that is outstanding at the time of the Change in Control and, if not exercised within such period, have this Option terminate in
full and be of no further force or effect with respect to any unexercised portion of such Option (and the unvested portion of this Option shall be forfeited); 
 (ii) provide for the termination of this Option in exchange for payment to the Optionee of the excess of (x) the aggregate Fair Market Value of the Common Stock issuable pursuant to the vested
portion of the Option that is outstanding and unexercised at the time of the Change in Control over (y) the aggregate Option Price for such vested portion of the Option (and the unvested portion of this Option shall be forfeited); or

 (iii) if the Change in Control involves the merger or consolidation of the Company with or into another entity, provide for
the substitution by the surviving entity or its direct or indirect parent of awards with substantially the same terms as this Option in accordance with Section 409A of the Code and Section 4(c) of the Plan. 

Such actions and adjustments shall be subject to Section II.5 of the French Sub-Plan. 

(c) Notwithstanding the other provisions of this Section 5, if a Change in Control occurs, and after giving effect thereto
(i) the Common Stock no longer trades on a United States securities exchange or trading market, and (ii) the Optionee’s employment is terminated by the Company or any of its Subsidiaries without Cause (as defined in Section 6
below) or the Optionee terminates his or her employment with “Good Reason” (as such term is defined below) or is terminated by his or her employer for reasons considered Good Reason in each case following the occurrence of such Change in
Control, then any portion of the Options outstanding as of the termination of employment but not previously vested shall automatically accelerate and become vested. “Good Reason” with respect to the Optionee shall mean following a Change
in Control: (A) a material reduction in the Optionee’s position or responsibilities from the Optionee’s position or responsibilities in effect immediately prior to such Change in Control, excluding for this purpose an isolated,
insubstantial or inadvertent action not taken in bad faith; (B) a material reduction in the Optionee’s base salary or target bonus opportunity, if any, as in effect immediately prior to such Change in Control, except in

  
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connection with an across-the-board reduction of not more than 10% applicable to similarly situated employees of the Company, or (C) the reassignment, without the Optionee’s consent, of
the Optionee’s place of work to a location more than 50 miles from the Optionee’s place of work immediately prior to the Change in Control; provided that none of the events described in clauses (A), (B) and (C) shall constitute
Good Reason hereunder unless (x) the Optionee shall have given written notice to the Company of the Optionee’s intent to terminate his employment with Good Reason within sixty (60) days following the occurrence of any such event and
(y) the Company shall have failed to remedy such event within thirty (30) days of the Company’s receipt of such notice. Such acceleration of the vesting of the Option shall be subject to section II.5 of the French Sub-Plan.

 (d) For purposes of this Agreement, notwithstanding the definition of Change in Control in any other agreement or plan that
may be applicable to the Optionee, “Change in Control” shall mean (i) a sale, transfer or other conveyance or disposition, in any single transaction or series of transactions, of all or substantially all of the Company’s
assets, (ii) the transfer of more than 50% of the outstanding securities of the Company, calculated on a fully-diluted basis, to an entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the United States Securities
Exchange Act of 1934 (the “Exchange Act”)), or (iii) the merger, consolidation reorganization, recapitalization or share exchange of the Company with another entity, in each case in clauses (ii) and (iii) above under
circumstances in which the holders of the voting power of the outstanding securities of the Company, as the case may be, immediately prior to such transaction, together with such holders’ affiliates and related parties, hold less than 50% in
voting power of the outstanding securities of the Company or the surviving entity or resulting entity, as the case may be, immediately following such transaction; provided, however, that the issuance of securities by the Company shall
not, in any event, constitute a Change in Control, and for the avoidance of doubt a sale or other transfer or series of transfers of all or any portion of the securities of the Company held by the Investors and their affiliates and related parties
shall not constitute a Change in Control unless such sale or transfer or series of transfers results in a entity or group (as defined in the Exchange Act) other than the Investors and their affiliates and related parties holding more than 50% in
voting power of the outstanding securities of the Company. 
 For purposes hereof, “Investors” shall mean the
“Investors” as defined in that certain Amended and Restated Purchase Agreement, dated March 17, 2008, by and between the Company and the other parties thereto, and their respective affiliates (not including the Company). 

6. Effect of Termination of Employment. 
 If the Optionee’s employment is terminated, the following shall apply: 
 (a)
if the Optionee’s employment with the Company or any of its Subsidiaries is terminated for Cause (as defined below), any portion of the Option that has not been exercised on the date of the Optionee’s termination of employment, whether
vested or unvested, shall be immediately forfeited. 

  
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 (b) if the Optionee’s employment with the Company or any of its Subsidiaries is
terminated by the Company without Cause or the Optionee terminates his or her employment with or is terminated for Good Reason, any portion of the Option that has not vested on the date of the Optionee’s termination of employment shall be
forfeited, and any portion of the Option that has vested may be exercised until the earlier of (i) the Expiration Date and (ii) the date that is one hundred eighty (180) days after the date of the Optionee’s termination of
employment. However, if the Optionee dies after the Optionee terminates employment due to Cause or Good Reason within such specified period, the Optionee’s heirs, the legal representative of the Optionee’s estate or the legatee of the
Options under the Optionee’s last will must exercise the Options within six months of the Optionee’s death. Any Options exercised in this manner will benefit from the favorable tax and social security treatment of the French-qualified
Options, irrespective of the date of sale of the shares of Common Stock subject to the Options; thus the minimum holding period described above in Section 4 will not apply. Any Options that remain unexercised shall expire six months following
the Optionee’s date of death. 
 (c) if the Optionee resigns without Good Reason or for any reason other than death or
Disability (as defined below), any portion of the Option that has not vested on the date of the Optionee’s termination of employment shall be immediately forfeited, and any portion of the Option that has vested may be exercised until the
earlier of (i) the Expiration Date, or (ii) the date that is thirty (30) days after the date of the Optionee’s termination of employment. However, if the Optionee dies after the Optionee resigns without Good Reason for any reason
other than death or Disability within such specified period, the Optionee’s heirs, the legal representative of the Optionee’s estate or the legatee of the Options under the Optionee’s last will must exercise the Options within six
months of the Optionee’s death. Any Options exercised in this manner will benefit from the favorable tax and social security treatment of the French-qualified Options, irrespective of the date of sale of the shares of Common Stock subject to
the Options; thus the minimum holding period described above in Section 4 will not apply. Any Options that remain unexercised shall expire six months following the Optionee’s date of death. 

(d) if the Optionee’s employment with the Company or any of its Subsidiaries is terminated due to a Disability, any portion of the
Option that has not vested on the date of the Optionee’s termination of employment and that does not vest pursuant to Section 6(f) shall be forfeited, and any portion of the Option that has vested, or that vests pursuant to
Section 6(f) below, may be exercised until the earlier of (i) the Expiration Date and (ii) the date that is twelve (12) months after the later of the date of the Optionee’s termination due to Disability or the date of any
subsequent vesting pursuant to Section 6(f) below. However, if the Optionee dies after the Optionee terminates employment due to Disability within such specified period, the Optionee’s heirs, the legal representative of the Optionee’s
estate or the legatee of the Options under the Optionee’s last will must exercise the Options within six months of the Optionee’s death. Any Options exercised in this manner will benefit from the favorable tax and social security treatment
of the French-qualified Options, irrespective of the date of sale of the shares of Common Stock subject to the Options; thus the minimum holding period described above in Section 4 will not apply. Any Options that remain unexercised shall
expire six months following the Optionee’s date of death. 

  
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 (e) if the Optionee’s employment with the Company or any of its Subsidiaries is
terminated due to death, any portion of the Option that has not vested on the date of the Optionee’s termination of employment shall immediately become exercisable by the Optionee’s heirs, the legal representative of the Optionee’s
estate or by the legatee of the Options under the Optionee’s last will for the six-month period following the date of the Optionee’s death, without regard for the term of the Option set forth in Section 3 above. Any Options exercised
in accordance with this paragraph will benefit from the favorable tax and social security treatment of the French-qualified Options, irrespective of the date of sale of the shares of Common Stock subject to the Options; thus the minimum holding
period described above in Section 4 will not apply. Any Options that remain unexercised shall expire six months following the Optionee’s date of death. 
 (f) if the Optionee’s employment with the Company or any of its Subsidiaries is terminated due to a Disability (as defined below), then (x) upon such termination, the portion of such Option that
otherwise, absent such termination, would vest during the 12-month period following the date of such termination shall vest on the date of termination. The number of Options deemed exercisable upon termination shall be calculated after giving effect
to the acceleration of vesting specified in this clause (f). 
 The Committee shall have the exclusive discretion to determine
when the Optionee is no longer actively employed for purposes of the Option. 
 For purposes of this Agreement,
“Cause” shall mean (A) the Optionee’s willful refusal to carry out, in all material respects, the reasonable and lawful directions of the person or persons to whom the Optionee reports or the Board that are within the
Optionee’s control and consistent with the Optionee’s status with the Company or its Subsidiary and his or her duties and responsibilities hereunder (except for a failure that is attributable to the Optionee’s illness, injury or
Disability) for a period of 10 days following written notice by the Company or its Subsidiary to the Optionee of such failure, (B) fraud or material dishonesty in the performance of the Optionee’s duties hereunder, (C) an act or acts
on the Optionee’s part constituting (x) a felony under the laws of the United States or any state thereof, (y) a misdemeanor involving moral turpitude or (z) a material violation of the securities laws of the United States or any
state thereof, (D) an indictment of the Optionee for a felony under the laws of the United States or any state thereof, (E) the Optionee’s willful misconduct or gross negligence in connection with the Optionee’s duties which
could reasonably be expected to be injurious in any material respect to the financial condition or business reputation of the Company as determined in good faith by the Board, (F) the Optionee’s material breach of the Company’s Code
of Ethics, Always Honest policy or any other code of conduct in effect from time to time to the extent applicable to the Optionee, and which breach could reasonably be expected to have a material adverse effect on the Company as determined in good
faith by the Board, (G) the Optionee’s breach of the Employee Trade Secret, Confidential Information and Post-Employment Restriction Agreement (the “Post-Employment Restriction Agreement”) which breach has an adverse
effect on the Company or its Subsidiaries, or (H) an equivalent act as shall constitute “Cause” under the terms of any employment agreement or employment law applicable to the Optionee. 

  
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 For purposes of this Agreement, “Disability” shall mean that the Optionee
has suffered a Disability as that term is defined in the French Sub-Plan and is also physically or mentally incapacitated and is therefore unable for a period of six (6) consecutive months or for an aggregate of nine (9) months in any
twenty-four (24) consecutive month period to perform his or her duties. Any question as to the existence of the Disability of the Optionee for purposes of this Agreement as to which the Optionee and the Company cannot agree shall be determined
in writing by a qualified independent physician mutually acceptable to the Optionee and the Company. If the Optionee and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians
shall select a third who shall make such determination in writing. The determination of Disability made in writing to the Company and the Optionee shall be final and conclusive for all purposes of the Agreement 

7. Forfeiture and Repayment Provisions. 
 (a) Failure to properly execute the Agreement (and each other document required to be executed by the Optionee in connection with the Optionee’s receipt of the Option) in a timely manner following
the Grant Date may result in the forfeiture of the Option, as determined in the sole discretion of the Company. 
 (b) The right
to exercise this Option shall be conditional upon the fact that the Optionee has read and understood the forfeiture and repayment provisions set forth in this Section 7, that the Optionee has not engaged in any misconduct or acts contrary to
the Company as described below, and that the Optionee has no intent to leave employment with the Company or any of its Subsidiaries for the purpose of engaging in any activity or providing any services which are contrary to the spirit and intent of
the Post-Employment Restriction Agreement. 
 (c) The Company is authorized to suspend or terminate this Option and any other
outstanding stock option held by the Optionee prior to or after termination of employment if the Optionee engages in any conduct agreed to be avoided pursuant to the Post-Employment Restriction Agreement. If, at any time during the applicable
restriction period described in the Post-Employment Restriction Agreement, the Optionee engages in any conduct agreed to be avoided pursuant to the Post-Employment Restriction Agreement, then any gain (without regard to tax effects) realized by the
Optionee from the exercise of this Option, in whole or in part, shall be paid by the Optionee to the Company. The Optionee consents to the deduction from any amounts the Company or any of its Subsidiaries owes to the Optionee to the extent of the
amounts the Optionee owes the Company hereunder. 
 (d) Misconduct. 

(i) The Company is authorized to suspend or terminate this Option and any other outstanding stock option held by the Optionee prior to
or after termination of employment if the Company reasonably determines that during the Optionee’s employment with the Company or any of its Subsidiaries: 
 (1) The Optionee knowingly participated in misconduct that causes a misstatement of the financial statements of the Company or any of its Subsidiaries or misconduct which represents a material violation
of any code of ethics of the Company applicable to the Optionee or of the Always Honest compliance program or similar program of the Company; or 

  
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 (2) The Optionee was aware of and failed to report, as required by any code of ethics of
the Company applicable to the Optionee or by the Always Honest compliance program or similar program of the Company, misconduct that causes a misstatement of the financial statements of the Company or any of its Subsidiaries or misconduct which
represents a material violation of any code of ethics of the Company applicable to the Optionee or of the Always Honest compliance program or similar program of the Company. 
 (ii) If, at any time after the Optionee exercises this Option, in whole or in part, the Company reasonably determines that the provisions of Section 7(c) applies to the Optionee, then any gain
(without regard to tax effects) realized by the Optionee from such exercise shall be paid by the Optionee to the Company. The Optionee consents to the deduction from any amounts the Company or any of its Subsidiaries owes to the Optionee to the
extent of the amounts the Optionee owes the Company under this Section 7. 
 8. Method of Exercising Option; Payment of
Option Price; Delivery of Purchased Shares. 
 (a) Subject to the terms and conditions of this Agreement, the Optionee may
exercise the Option by following the procedures established by the Company from time to time. In addition, the Optionee may exercise the Option by written notice to the Company as provided in Section 11(m) of this Agreement that states
(i) the Optionee’s election to exercise the Option, (ii) the Grant Date of the Option, (iii) the Option Price of the shares, (iv) the number of shares as to which the Option is being exercised, (v) the manner of payment
and (vi) the manner of payment for any Tax-Related Items (as defined in Section 9 below) withholding amount. The notice shall be signed by the Optionee or the Person or Persons exercising the Option. The notice shall be accompanied by
payment in full of the Option Price and the Tax-Related Items withholding for all shares designated in the notice. To the extent that the Option is exercised after the Optionee’s death, the notice of exercise shall also be accompanied by
appropriate proof of the right of such Person or Persons to exercise the Option. 
 (b) Payment of the Option Price shall be
made to the Company through one or a combination of the following methods; provided, that in each such case, such payment method is not prohibited by, or contrary to, any loan document to which the Company is a party: 

(i) If the Optionee exercises the Option prior to the expiration of the holding period described in Section 4(a) above and prior to
such time as the holding period shall have ceased to be applicable to the Optionee pursuant to Section 4(b) above, the Optionee must pay the Option Price and any Tax-Related Items withholding by cash, in United States currency (including check,
draft, money order or wire transfer made payable to the Company). 
 (ii) If the Optionee exercises the Option after the
expiration of the holding period described in Section 4(a) above and/or after such time as the holding period shall have ceased to be applicable to the Optionee pursuant to Section 4(b) above, the Optionee may pay the Option Price and any
Tax-Related Items withholding by cash in United States currency (including check, draft, money order or wire transfer made payable to the Company), or pursuant to a cashless exercise program adopted by the Company in connection with the Plan.

  
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 No delivery, surrender or attestation to the ownership of previously owned shares of Common
Stock having a Fair Market Value on the date of delivery equal to the aggregate Option Price may be used to pay the Option Price. 
 (c) Upon any exercise of the Option, and subject to the payment of the Option Price under Section 8(b) and of all Tax-Related Items obligations under Section 9, the Company shall deliver the
shares of Common Stock purchased in book entry form. The shares purchased shall be registered in the name of the Optionee, the Optionee’s transferee, or if the Optionee so requests, in writing at the time of exercise, jointly in the name of the
Optionee and another person with rights of survivorship. If the Optionee dies, the shares purchased shall be registered in the name of the person entitled to exercise the Option in accordance with the Plan. 

9. Responsibility for Taxes. 
 (a) Regardless of any action the Company or the Optionees’s employer (the “Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account
or other tax-related items related to the Optionee’s participation in the Plan and legally applicable to the Optionee (“Tax-Related Items”), the Optionee acknowledges that the ultimate liability for all Tax-Related Items is and
remains the Optionee’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Optionee further acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding
the treatment of any Tax-Related Items in connection with any aspect of the Option, including, but not limited to, the grant, vesting or exercise of the Option, the subsequent sale of shares of Common Stock acquired pursuant to such exercise and the
receipt of any dividends; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate the Optionee’s liability for Tax-Related Items or achieve any particular
tax result. Further, if the Optionee has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, the Optionee acknowledges that the Company and/or
the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 (b) Prior to the relevant taxable or tax withholding event, as applicable, the Optionee will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related
Items. In this regard, the Optionee authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following:
(i) withholding from the Optionee’s wages or other cash compensation paid to the Optionee by the Company and/or the Employer; or (ii) withholding from proceeds of the sale of shares of Common Stock acquired at exercise of the Option
either through a voluntary sale or through a mandatory sale arranged by the Company (on the Optionee’s behalf pursuant to this authorization); or (iii) if authorized by the Committee, withholding in shares of Common Stock to be issued at
exercise of the Option. 
 (c) To avoid any negative accounting treatment, the Company may withhold or account for Tax-Related
Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, the Optionee is deemed to
have been issued the full number of shares of Common Stock subject to the exercised Options, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the Tax-Related Items due as a result of any
aspect of the Optionee’s participation in the Plan. 

  
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 (d) Finally, the Optionee 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 Optionee’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 of Common Stock, if the Optionee fails to comply with the Optionee’s obligations in connection with the Tax-Related Items. 
 10. Adjustments. 
 In the event that the Company engages in a transaction
such that any dividend or other distribution (whether in the form of cash, shares of Common Stock, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
combination, repurchase or exchange of shares or other securities of the Company, issuance of warrants or other rights to purchase shares or other securities of the Company or other similar corporate transaction or event affects the shares covered
by the Option, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this Option (including, without limitation, the number and kind of shares subject to
this Option and the Option Price) shall be adjusted as set forth in Section 4(c) of the Plan. 
 Upon a Change in Control,
the Committee may, in its sole discretion, adjust the terms of this Option (including, without limitation, the number and kind of shares subject to this Option and the Option Price) by taking any of the actions permitted under this Agreement and in
accordance with Section 4(c) of the Plan. 
 Any adjustment provided for in this Section 10 is subject to Section II.5
of the French Sub-Plan. 
 11. General Provisions. 

(a) Interpretations. This Agreement is subject in all respects to the terms of the Plan. A copy of the U.S. Plan and the French
Sub-Plan shall be provided to the Optionee. 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. 
 (b) No Rights as a Shareholder. Neither the Optionee nor the Optionee’s
legal representatives shall have any of the rights and privileges of a shareholder of the Company with respect to the shares of Common Stock subject to the Option unless and until such shares are issued upon exercise of the Option. Except as
expressly provided by the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the issuance of any purchased shares and the delivery of any certificate or certificates for such shares. 

  
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 (c) Nature of Grant. In accepting the Option, the Optionee acknowledges, understands
and agrees that: 
 (i) the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended,
suspended or terminated by the Company at any time; 
 (ii) the grant of the Option is voluntary and occasional and does not
create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past; 
 (iii) all decisions with respect to future option grants, if any, will be at the sole discretion of the Company; 
 (iv) the Optionee’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
Optionee’s employment or service relationship (if any) at any time; 
 (v) the Optionee is voluntarily participating in the
Plan; 
 (vi) the Option and any shares of Common Stock acquired under the Plan are not intended to replace any pension rights
or compensation; 
 (vii) the future value of the shares of Common Stock underlying the Option is unknown, indeterminable and
cannot be predicted with certainty; 
 (viii) if the underlying shares of Common Stock do not increase in value, the Option will
have no value; 
 (ix) if the Optionee exercises the Option and acquires shares of Common Stock, the value of such shares of
Common Stock may increase or decrease in value, even below the Option Price; 
 (x) no claim or entitlement to compensation or
damages shall arise from forfeiture of the Option resulting from the Optionee’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
Optionee resides, even if otherwise applicable to the Optionee’s employment benefits from the Employer, and whether or not later found to be invalid) and in consideration of the grant of the Option to which the Optionee is otherwise not
entitled, the Optionee 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 Company and the Employer from any such claim; if,
notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, the Optionee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all
documents necessary to request dismissal or withdrawal of such claims; and 

  
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 (xi) the following provisions apply only to the Optionees providing services outside the
United States, as determined by the Company: 
 A. the Option and any shares of Common Stock acquired under the Plan are
extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which is outside the scope of the Optionee’s employment or service contract, if any; 

B. the Option and any shares of Common Stock acquired under the Plan are not part of normal or expected compensation or salary for any
purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event
should be considered as compensation for, or relating in any way to, past services for the Company, the Employer, or any Subsidiary of the Company; and 
 C. the Option grant and the Optionee’s participation in the Plan will not be interpreted to form an employment or service contract or relationship with the Company or any Subsidiary. 

(d) No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any
recommendations regarding the Optionee’s participation in the Plan, or the Optionee’s acquisition or sale of the underlying shares of Common Stock. The Optionee is hereby advised to consult with his or her own personal tax, legal and
financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. 
  

(e) Data Privacy. 
 (i) The Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Optionee’s personal data as described in this Agreement
and any other Option grant materials by and among, as applicable, the Employer, the Company and its Subsidiaries for the exclusive purpose of implementing, administering and managing the Optionee’s participation in the Plan. 

(ii) The Optionee understands that the Company and the Employer may hold certain personal information about the Optionee,
including, but not limited to, the Optionee’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the
Company, details of all Options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in the Optionee’s favor, for the exclusive purpose of implementing, administering and managing the Plan
(“Data”). 
 (iii) The Optionee understands that Data will be transferred to E*Trade Financial
Services, or such other stock plan service provider as may be selected by the Company in the future or other stock plan service provider that is selected by the Optionee to the extent permitted by the Company in its sole discretion, in each case,
that is assisting the Company with the implementation, administration and management of the Plan. The 

  
 12 

 
Optionee understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipient’s country (e.g., the United States) may have different
data privacy laws and protections than France. The Optionee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting the Optionee’s local human resources representative.
The Optionee authorizes the Company, E*Trade Financial Services and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the purpose of implementing, administering and managing his or her participation in the Plan. The Optionee understands that Data will be held only as long as is necessary to implement, administer
and manage the Optionee’s participation in the Plan. The Optionee understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or
refuse or withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources representative. The Optionee understands, however, that refusing or withdrawing his or her consent may affect the
Optionee’s ability to participate in the Plan. For more information on the consequences of the Optionee’s refusal to consent or withdrawal of consent, the Optionee understands that he or she may contact his or her local human resources
representative. 
 (f) Option Not Transferable. 

(i) Except as otherwise provided by the Plan or by the Committee, the Option shall not be transferable other than by will or by the laws
of descent and distribution and the Option shall be exercisable during the Optionee’s lifetime only by the Optionee or by the Optionee’s guardian or legal representative. The Option may not be pledged, alienated, attached or otherwise
encumbered, and any purported pledge, alienation, attachment or encumbrance of the Option shall be void and unenforceable against the Company or any Subsidiaries. 
 (ii) None of the purchased shares acquired pursuant to the exercise of this Option shall be assigned, transferred, pledged, hypothecated, given away or in any other manner disposed of or encumbered,
whether voluntarily or by operation of law, unless such transfer is in compliance with all applicable securities laws (including, without limitation, the United States Securities Act of 1933, as amended) and provided the holding periods set forth in
Section 4 have been met. 
 (g) Reservation of Shares. The Company shall at all times during the term of the Option
reserve and keep available such number of shares of Common Stock as will be sufficient to satisfy the requirements of this Agreement. 
 (h) Securities Matters. The Company shall not be required to deliver any shares of Common Stock until the requirements of any securities or other laws, rules or regulations (including the rules of
any securities exchange) as may be determined by the Company to be applicable are satisfied. 
 (i) Assignment. Neither
this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be assignable by the Optionee. 

  
 13 

 (j) Successors and Assigns; No Third Party Beneficiaries. This Agreement shall inure
to the benefit of and be binding upon the Company and the Optionee and their respective heirs, successors, legal representatives and permitted assigns. Nothing in this Agreement, expressed or implied, is intended to confer on any Person other than
the Company and the Optionee, and their respective heirs, successors, legal representatives and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

(k) Headings. Headings are given to the sections and subsections of this Agreement solely as a convenience to facilitate
reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Agreement or any provision hereof. 
 (l) Governing Law; Arbitration. It is intended that the Options granted under this French Sub-Plan shall qualify for the specific tax and social security treatment applicable to Options granted
under Sections L. 225-177 to L. 225-186-1 of the French Commercial Code, as amended, and in accordance with the relevant provisions set forth by the French tax and social security laws, and the terms of this French Sub-Plan shall be interpreted
accordingly. The internal law, and not the law of conflicts, of the State of Minnesota will govern all questions concerning the validity, construction and effect of this Agreement. Any controversy, dispute or claim arising under or in connection
with this Agreement (including, without limitation, the existence, validity, interpretation or breach hereof and any claim based on contract, tort or statute) shall be resolved by a binding arbitration, to be held in Minneapolis, Minnesota pursuant
to the U.S. Federal Arbitration Act and in accordance with the then-prevailing National Rules of Resolution of Employment Disputes of the American Arbitration Association (the “AAA”). The AAA shall select a sole arbitrator. Each
party shall bear its own expenses incurred in connection with arbitration and the fees and expenses of the arbitrator shall be shared equally by the parties involved in the dispute and advanced by them from time to time as required. It is the mutual
intention and desire of the parties that the arbitrator be chosen as expeditiously as possible following the submission of the dispute to arbitration. Once such arbitrator is chosen, and except as may otherwise be agreed in writing by the parties
involved in such dispute or as ordered by the arbitrator upon substantial justification shown, the hearing for the dispute will be held within sixty (60) days of submission of the dispute to arbitration. The arbitrator shall render his or her
final award within sixty (60) days, subject to extension by the arbitrator upon substantial justification shown of extraordinary circumstances, following conclusion of the hearing and any required post-hearing briefing or other proceedings
ordered by the arbitrator. Any discovery in connection with arbitration hereunder shall be limited to information directly relevant to the controversy or claim in arbitration. The arbitrator will state the factual and legal basis for the award. The
decision of the arbitrator in any such proceeding will be final and binding and not subject to judicial review and final judgment may be entered upon such an award in any court of competent jurisdiction, but entry of such judgment will not be
required to make such award effective. Any action against any party hereto ancillary to arbitration, including any action for provisional or conservatory measures or action to enforce an arbitration award or any judgment entered by any court in
respect of any thereof may be brought in any federal or state court of competent jurisdiction location within the State of Minnesota, and the parties hereto hereby irrevocably submit to the non-exclusive jurisdiction of any federal or state court
located within the State of Minnesota over any such action. The parties hereby irrevocably waive, to the fullest extent permitted by applicable law, any objection which they may now or hereafter have to the laying of venue of any such action brought
in such court or any defense of inconvenient forum for the maintenance of such action. Each of the parties hereto agrees that a judgment in any such action may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. 

  
 14 

 (m) Notices. The Optionee should send all written notices regarding this Agreement or
the Plan to the Company at the following address: 
 MoneyGram International, Inc. 

EVP, General Counsel & Secretary 
 2828 North Harwood Street, 15th Floor 
 Dallas, TX 75201 

(n) Amendments. The Company may amend this Agreement at any time; provided that, subject to Section 10 hereof and
Section 7 of the Plan, no such amendment, alteration, suspension, discontinuation or termination shall be made without the Optionee’s consent, if such action would materially diminish any of the Optionee’s rights under this Agreement.
The Company reserves the right to impose other requirements on the Options and the Shares purchased upon exercise of the Option, to the extent the Company determines it is necessary or advisable under the laws of the country in which the Optionee
resides pertaining to the issuance or sale of Shares or to facilitate the administration of the Plan. 
 (o) Entire
Agreement. This Agreement and the Plan and the other agreements referred to herein and therein and any schedules, exhibits and other documents referred to herein and therein constitute the entire agreement and understanding among the parties
hereto in respect of the subject matter hereof and thereof and supersede all prior and contemporaneous arrangements, agreements and understandings, both oral and written, whether in term sheets, presentations or otherwise, among the parties hereto,
or between any of them, with respect to the subject matter hereof and thereof. 
 (p) Severability. If any provision of
this Agreement is invalid, illegal, or incapable of being enforced by any law, all other provisions of this Agreement shall remain in full force and effect so long as the economic and legal substance of the transactions contemplated hereby are not
affected in any manner materially adverse to any party. If any provision of this Agreement is held to be invalid, illegal, or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the parties as closely as possible in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible. 

(q) Optionee Undertaking. The Optionee agrees to take such additional action and execute such additional documents the Company may
deem necessary or advisable to carry out or effect one or more of the obligations or restrictions imposed either on the Optionee or upon this Option pursuant to the provisions of this Agreement. 

(r) Counterparts. For the convenience of the parties and to facilitate execution, this Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same document. 

  
 15 

 (s) Confidentiality. The Optionee agrees to maintain the confidentiality of the
existence and terms of this Option; provided, however, that the Optionee may disclose, on a confidential basis, the existence and terms of this Option to his or her spouse, accountant and legal counsel and to the extent required by law
or legal process. 
 (t) Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents
related to current or future participation in the Plan by electronic means. The Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and
maintained by the Company or a third party designated by the Company. 
 (u) Language Consent. By accepting the Option,
the Optionee confirms having read and understood the documents relating to this grant (the Plan and the Agreement), which were provided in the English language. The Optionee accepts the terms of those documents accordingly. 

En acceptant l’attribution, vous confirmez ainsi avoir lu et compris les documents relatifs à cette attribution (le Plan,
et le contrat) qui ont été communiqués en langue anglaise. Vous acceptez les termes en connaissance de cause. 
 12. Disqualification of French-Qualified Options. If the Option is modified, adjusted or administered in a manner in keeping with the terms of the U.S. Plan or as mandated as a matter of law,
including laws relating to obligations for Tax-Related Items, and the modification or adjustment is contrary to the terms and conditions of the French Sub-Plan, the Option may no longer qualify as a French-qualified Option. If the Option no longer
qualifies as a French-qualified Option, the Committee may, provided it is authorized to do so under the U.S. Plan, determine to lift, shorten or terminate certain restrictions applicable to the vesting or exercisability of the Option or the sale of
the shares of Common Stock, which may have been imposed under French Sub-Plan or in this Agreement delivered to the Optionee. In any case where the Option granted under this Agreement no longer qualifies for the favorable tax and social security
regime in France, the Optionee accepts and agrees that he or she will be responsible for paying all Tax-Related Items resulting from the exercise of the Option and/or the sale of the shares of Common Stock. 

* * * * * * * * 

  
 16 

 By signing below, the Optionee accepts this Option and the terms and conditions in this
Agreement and the Plan. 
  

			
	 MONEYGRAM INTERNATIONAL, INC.

		
	 By:
	 	
	 Title:
	 	
		
	 OPTIONEE
	 	
		
	 Signature:
	 	
		
	 Print Name:
	 	[                             
       ]

  
 17 

 [THIS IS THE SIGNATURE PAGE TO THE NON-QUALIFIED STOCK OPTION 

AGREEMENT BETWEEN THE ABOVE-REFERENCED PARTIES] 

  
 18Form of Severance Agreement

 Exhibit 10.95 
 SEVERANCE AGREEMENT 
 SEVERANCE AGREEMENT (the
“Agreement”) dated as of [            ], 2009 by and between MoneyGram International, Inc., a Delaware corporation (together with its parent companies, direct and indirect
subsidiaries, successors and permitted assigns under this Agreement, the “Company”) and [                    ]
(“Executive”). 
 The Company employs Executive as its
[                    ]; 

Executive’s employment with the Company is at-will; 
 The Company is willing to provide Executive with severance benefits described in this Agreement and the benefits provided by the MoneyGram International, Inc. 2005 Omnibus Incentive Plan Non-Qualified
Stock Option Agreement (“Option Agreement”) as consideration for Executive’s agreement to continue providing services to the Company and Executive’s agreement to enter into an Employee Trade Secret, Confidential
Information and Post-Employment Restriction Agreement. 
 In consideration of the promises and mutual covenants herein and for
other good and valuable consideration, the receipt and sufficiency of which is mutually acknowledged, the parties agree as follows: 
 1. Definitions. 
 a. “Cause” shall mean
(A) Executive’s willful refusal to carry out, in all material respects, the reasonable and lawful directions of the person or persons to whom the Executive reports or the Board that are within Executive’s control and consistent with
Executive’s status with the Company and his or her duties and responsibilities hereunder (except for a failure that is attributable to Executive’s illness, injury or Disability) for a period of 10 days following written notice by the
Company to Executive of such failure, (B) fraud or material dishonesty in the performance of Executive’s duties hereunder, (C) an act or acts on Executive’s part constituting (x) a felony under the laws of the United States
or any state thereof, (y) a misdemeanor involving moral turpitude or (z) a material violation of federal or state securities laws, (D) an indictment of Executive for a felony under the laws of the United States or any state thereof,
(E) Executive’s willful misconduct or gross negligence in connection with Executive’s duties which could reasonably be expected to be injurious in any material respect to the financial condition or business reputation of the Company
as determined in good faith by the Board, (F) Executive’s material breach of the Company’s Code of Ethics, Always Honest policy or any other code of conduct in effect from time to time to the extent applicable to Executive, and which
breach could reasonably be expected to have a material adverse effect on the Company as determined in good faith by the Board, or (G) Executive’s breach of the Employee Trade Secret, Confidential Information and Post-Employment Restriction
Agreement which breach has an adverse effect on the Company. 
 b. “Disability” shall exist if Executive
becomes physically or mentally incapacitated and is therefore unable for a period of six (6) consecutive months or for an aggregate of nine (9) months in any twenty-four (24) consecutive month period to perform

 
Executive’s duties. Any question as to the existence of the Disability of Executive as to which Executive and the Company cannot agree shall be determined in writing by a qualified
independent physician mutually acceptable to Executive and the Company. If Executive and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall
make such determination in writing. The determination of Disability made in writing to the Company and Executive shall be final and conclusive for all purposes of the Agreement. 

2. At-Will Employment. Executive’s employment is at-will and may be terminated by either Executive or Company at any time and
for any reason. 
 3. Termination by the Company without Cause. If at any time on or after the first anniversary of the
date Executive first became an employee of the Company Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability), Executive shall be entitled to receive the following payments, each of which
shall at all times be made so as to satisfy the requirements of Section 409A of the Internal Revenue Code of 1986, as amended: 
 a. Salary Severance. A sum equal to Executive’s then current monthly base salary multiplied by twelve, which, subject to Section 5 hereof, shall be payable in equal monthly installments on the
last day of each month over the twelve month period following the date of termination of employment and in accordance with the Company’s normal payroll practices in effect as of the date of Executive’s termination of employment; and

 b. Bonus Severance. Provided that the Company actually achieves performance goals for the applicable performance period
necessary for participants in the Company’s Management Incentive Plan (the “MIP”) to receive cash bonuses pursuant to the MIP with respect to such performance period and that such cash bonuses are actually paid, a sum equal to
a pro rata portion (based on the period between the beginning of the applicable performance period and the date of termination of Executive’s employment) of Executive’s cash bonus (up to Executive’s cash bonus at target level) under
the MIP payable for the year in which the termination of employment occurs, which, subject to Section 5 hereof, shall be paid in a lump sum payable when such cash bonus under the MIP is regularly paid to other MIP participants for such year,
and which amount shall in no event exceed a pro rata portion of Executive’s annual target incentive opportunity for such year under the MIP. 
 Executive acknowledges and agrees that Executive shall not be entitled to any payment or other benefit pursuant to this Agreement in the event Company terminates Executive’s employment for Cause or
in the event Executive resigns his or her employment for any reason or in the event of Executive’s death or Disability. 

Executive acknowledges and agrees that as a condition precedent to receiving any payments pursuant to this Severance Agreement, Executive
shall have executed, within twenty-one (21) days, or if required for an effective release, forty-five (45) days, following Executive’s termination of employment, a waiver and release substantially in the form attached hereto as
Exhibit A and the applicable revocation period set forth in such release shall have expired. 

  
 2 

 4. Miscellaneous. 

a. No Duplication. Executive acknowledges and agrees that Executive shall not be entitled to receive any separation payments under any
other Company severance or similar policies. 
 b. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Minnesota, without regard to conflicts of laws principles thereof, to the extent Minnesota laws are not preempted by the Employee Retirement Income Security Act of 1974. 

c. Severance Pay Plan Statement. Subject to Section 5 hereof, this Agreement shall be administered and interpreted in accordance
with the MoneyGram International, Inc. Severance Pay Plan Statement. 
 d. Entire Agreement/Amendments. This Agreement and the
other agreements, plans and documents referenced herein contain the entire understanding of the parties with respect to the provision of any severance rights, payments or benefits by Company to Executive. If any provision of any agreement, plan,
program, policy, arrangement or other written document between or relating to the Company and Executive conflicts with any provision of this Agreement, the provision of this Agreement shall control and prevail. This Agreement may not be altered,
modified, or amended except by written instrument signed by the parties hereto. 
 e. No Waiver. The failure of a party to
insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of
this Agreement. 
 f. Severability. In the event that any one or more of the provisions of this Agreement shall be or become
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby. 
 g. Survivorship. The respective rights and obligations of the parties hereunder shall survive any termination of Executive’s employment to the extent necessary to preserve such rights and
obligations. 
 h. Successors; Binding Agreement. This Agreement shall inure to the benefit of and be binding upon personal or
legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 i. Notice. For the
purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by
United States registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set forth below in this Agreement, or to such other address as either party may have furnished to the other in writing in accordance
herewith, except that notice of change of address shall be effective only upon receipt. 

  
 3 

 If to the Company: 
 MoneyGram International, Inc. 
 1550 Utica Avenue South, Suite 100 

Minneapolis, Minnesota 55416 
 Attention: Chairman of the Human Resources and Nominating Committee of the Board 

If to Executive: 
 To the most recent address of Executive set forth in the personnel records of the Company. 
 j. Withholding Taxes. The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or
regulation. 
 k. Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. 
 5. Code Section 409A. 

a. The parties agree that this Agreement shall be interpreted to comply with or be exempt from Section 409A of the Internal Revenue
Code of 1986 and the regulations and guidance promulgated thereunder to the extent applicable (collectively “Code Section 409A”), and all provisions of this Agreement shall be construed in a manner consistent with the
requirements for avoiding taxes or penalties under Code Section 409A. In no event whatsoever will the Company be liable for any additional tax, interest or penalties that may be imposed on Executive under Code Section 409A or any damages
for failing to comply with Code Section 409A. 
 b. A termination of employment shall not be deemed to have occurred for
purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Code Section 409A upon or following a termination of employment unless such termination is also a “separation from service”
within the meaning of Code Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” If
Executive is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is otherwise considered
deferred compensation under Code Section 409A payable on account of a “separation from service,” such payment or benefit shall be made or provided at the date which is the earlier of (i) the expiration of the six (6)-month period
measured from the date of such “separation from service” of Executive, and (ii) the date of Executive’s death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed
pursuant to 

  
 4 

 
this Section 5(b) shall be paid or reimbursed to Executive in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with
the normal payment dates specified for them herein. 
 c. Notwithstanding anything to the contrary contained in this Agreement,
all reimbursements for costs and expenses under this Agreement shall be paid in no event later than the end of the calendar year following the calendar year in which Executive incurs such expense. With regard to any provision herein that provides
for reimbursement of costs and expenses or in-kind benefits, except as permitted by Code Section 409A, (i) all such expenses or reimbursements shall be made in any event on or prior to the last day of the taxable year following the taxable
year in which such expenses were incurred by Executive, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (iii) the amount of expenses eligible for reimbursements
or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year, provided, however, that the foregoing clause (iii) shall not be violated
with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Code solely because such expenses are subject to a limit related to the period the arrangement is in effect. 

d. For purposes of Code Section 409A, Executive’s right to receive any installment payments pursuant to this Agreement shall be
treated as a right to receive a series of separate and distinct payments. 
 [SIGNATURE PAGE FOLLOWS] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written. 
 MONEYGRAM INTERNATIONAL, INC. 
 By: 
 Title: 
 EXECUTIVE 
 Signature: 
 [                    ] 
 [SIGNATURE PAGE TO THE SEVERANCE AGREEMENT 
 BETWEEN THE ABOVE-REFERENCED PARTIES]

 Exhibit A 
 RELEASE 
 This RELEASE (“Release”) is dated as of
                     between MoneyGram International, Inc., a Delaware corporation (together with its parent companies, direct and indirect
subsidiaries, successors and assigns, the “Company”), and [                    ] (“Executive”). 

WHEREAS, the Company and Executive previously entered into a Severance Agreement dated [    
        ], 20[    ] (the “Severance Agreement”); and 
 WHEREAS, Executive’s employment with the Company (has been) (will be) terminated effective
                     ; and 
 WHEREAS, pursuant to the Severance Agreement, Executive is entitled to certain compensation and benefits upon such termination, contingent upon the execution of this Release; 

NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein and in the Severance Agreement, to which
Executive understands and acknowledges he or she may not otherwise be entitled without executing this Release, the Company and Executive agree as follows: 
 1. Executive, on his or her own behalf and on behalf of his or her heirs, estate and beneficiaries, hereby releases and forever discharges the Company, its parent companies, predecessors, successors,
affiliates, subsidiaries, related companies, shareholders, and their respective members, managers, partners, employees, officers, agents, and directors (individually a “Released Party” and collectively the “Released
Parties”) from the following: 
  

	 	a.	All claims arising out of or relating to Executive’s employment with the Company and/or Executive’s separation from that employment. 

 

	 	b.	All claims arising out of or relating to the statements, actions, or omissions of the Released Parties. 

 

	 	c.	All claims for any alleged unlawful discrimination, harassment, retaliation or reprisal, or other alleged unlawful practices arising under any federal, state, or local
statute, ordinance, or regulation, including without limitation, claims under Title VII of the Civil Rights Act of 1964, as amended; the Age Discrimination in Employment Act of 1967, as amended; the Americans with Disabilities Act of 1990, as
amended; the Family and Medical Leave Act of 1993; the Equal Pay Act of 1963; the Worker Adjustment and Retraining Notification Act; the Employee Retirement Income Security Act of 1974; the Fair Credit Reporting Act; the Minnesota Human Rights Act,
any other federal, state or local anti-discrimination acts, state wage payment statutes and non-interference or non-retaliation statutes. 

  

	 	d.	 All claims for alleged wrongful discharge; breach of contract; breach of implied contract; failure to keep any promise; breach of a covenant of good
faith and fair 

	 	
dealing; breach of fiduciary duty; promissory estoppel; Executive’s activities, if any, as a “whistleblower”; defamation; infliction of emotional distress; fraud;
misrepresentation; negligence; harassment; retaliation or reprisal; constructive discharge; assault; battery; false imprisonment; invasion of privacy; interference with contractual or business relationships; any other wrongful employment practices;
and violation of any other principle of common law. 

  

	 	e.	All claims for compensation of any kind, including without limitation, commission payments, bonus payments, vacation pay, expense reimbursements, reimbursement for
health and welfare benefits, and perquisites. 

  

	 	f.	All claims for back pay, front pay, reinstatement, other equitable relief, compensatory damages, damages for alleged personal injury, liquidated damages, and punitive
damages. 

  

	 	g.	All claims for attorneys’ fees, costs, and interest. 

 2. The Company acknowledges and agrees that Executive does not release any claims that the law does not allow to be waived by private agreement. 

3. Executive acknowledges and agrees that even though claims and facts in addition to those now known or believed by him or her to exist
may subsequently be discovered, it is his or her intention to fully settle and release all claims he or she may have against the Company and the persons and entities described above, whether known, unknown or suspected. 

4. Executive relinquishes any right to future employment with the Company and the Company shall have the right to refuse to re-employ
Executive, in each case without liability of Executive or the Company. 
 5. Executive reaffirms his or her agreement to the
Employee Trade Secret, Confidential Information and Post-Employment Restriction Agreement to which Executive is a party. 
 6.
Executive acknowledges that he or she has been provided at least twenty-one (21) days to review the Release and has been advised to review it with an attorney of his or her choice and at his or her own expense. In the event Executive elects to
sign this Release Agreement prior to this twenty-one (21) day period, he or she agrees that it is a knowing and voluntary waiver of his or her right to wait the full twenty-one (21) days. Executive further understands that he or she has
fifteen (15) days after the signing hereof to revoke it by so notifying the Company in writing, such notice to be received by
                     within the fifteen (15) day period. Executive further acknowledges that he or she has carefully read this Release, knows
and understands its contents and its binding legal effect. Executive acknowledges that by signing this Release, he or she does so of his or her own free will and act and that it is his or her intention that he or she be legally bound by its terms.
Executive acknowledges that in deciding whether to sign this Release, he or she has not relied upon any statements made by the Company or its agents. Executive further acknowledges that he or she has not relied on any legal, tax or accounting advice
from the Company or its agents in deciding whether to sign this Release. 

  
 2 

 7. This Release shall be construed and enforced in accordance with, and governed by, the
laws of the State of Minnesota, without regard to principles of conflict of laws. If any clause of this Release should ever be determined to be unenforceable, it is agreed that this will not affect the enforceability of any other clause or the
remainder of this Release. 

  
 3 

 IN WITNESS WHEREOF, the parties have executed this Release on the date first above written.

  

			
	MONEYGRAM INTERNATIONAL, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	  

	[                            
]

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