Document:

exv10w1

Exhibit 10.1

DONELSON CORPORATE CENTRE

FIRST AMENDMENT TO AMENDED AND RESTATED OFFICE LEASE AGREEMENT

BUILDING ONE AND BUILDING THREE

     THIS FIRST AMENDMENT TO AMENDED AND RESTATED OFFICE LEASE AGREEMENT (this “Amendment”) is made
as of May 3, 2011, by and between Donelson Corporate Centre, L.P., a Tennessee limited partnership
(“Landlord”) and Envoy LLC, a Delaware limited liability company (“Tenant”), and Emdeon Business
Services, LLC a Delaware limited liability company (“Guarantor”) under the following circumstances:

     WHEREAS, Landlord and Envoy Corporation, the predecessor in interest to Envoy LLC, executed
that certain Lease Agreement, dated May 26, 2000 (the “Original Lease”), for approximately 18,011
rentable square feet of the first floor of Building One of the Donelson Corporate Centre, which is
located at 3055 Lebanon Road, in Davidson County, Tennessee (as described in Exhibit A thereto);

     WHEREAS, the Original Lease was amended on September 29, 2000 (the “First Amendment”), to
include an additional 37,699 rentable square feet (occupying all of Floor 2) in Building Three of
the Donelson Corporate Centre, which is located at 3055 Lebanon Road, in Davidson County, Tennessee
(as described in Exhibit A thereto) for a total of 55,710 rentable square feet of demised space;

     WHEREAS, in November 2006, Envoy Corporation converted to a Delaware limited liability company
and changed its name to Envoy LLC, an Emdeon company, and is no longer doing business as Envoy
Corporation; and

     WHEREAS, on June 12, 2008 the parties executed an Amended and Restated Office Lease Agreement
(hereinafter the “Amended and Restated Lease”) to expand the premises demised to the Tenant
hereunder by an additional 23,882 rentable square feet occupying all of Floors 2 and 4 of Building
One, and an additional 84,524
rentable square feet located in Building Three (collectively the “Expansion Space”), resulting in a
total of 164,116 net rentable square feet, and to otherwise modify and restate the terms of the
Original Lease (as amended) in accordance with the Amended and Restated Lease;

     WHEREAS, Guarantor, as the parent company of Envoy LLC, an Emdeon Business Services company,
shall recognize substantial direct and indirect benefits from this Amendment and is hereby willing,
as Guarantor, to join in the execution of this Amendment;

     WHEREAS, Landlord and Tenant wish to amend the Amended and Restated Lease to add additional
office space to the Amended and Restated Lease, to agree upon the rent that Tenant shall pay for
such additional portions of the Leased Premises and such other terms and conditions as are set
forth herein.

     NOW THEREFORE, in consideration of the Premises and the agreements and covenants hereinafter
set forth, Landlord and Tenant agree and acknowledge that the Amended and Restated Lease is amended
as follows:

 

 

     1. Defined Terms. Any capitalized term not expressly defined in this Amendment shall
have the definition for such term set forth in the Amended and Restated Lease.

     2. Term and Premises. (a) A certain portion of the Building Three Premises,
consisting of 12,639 square feet of Net Rentable Area in Building Three (such portion is referred
to hereinafter as the “Additional Premises”), is shown on Exhibit B attached to this Amendment and
made a part hereof. The term of the Lease for the Additional Premises this Amendment shall be
coterminous with the term of the Amended and Restated Lease. The term of this Amendment shall
commence upon the later of (i) June 1, 2011 or (ii) the completion of Tenant Improvements, but no
later than ninety (90) days after Tenant has been granted access to the space for construction of
improvements (the “First Amendment Commencement Date”).

          (b) As of the First Amendment Commencement Date, the total Net Rentable Area leased to Tenant
pursuant to the Amended and Restated Lease shall be 176,755 square feet in Buildings One and Three
as shown on Exhibit “A” attached hereto (the “Premises”).

     3. Rent. Beginning on the First Amendment Commencement Date, Tenant shall pay Base
Rental for the Additional Premises as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Year	 	Per Square Foot	 	Per Annum	 	Per Month
	— 10/31/11
	 	$	16.71	 	 	$	211,197.69	 	 	$	17,599.81	 
	11/1/11 — 10/31/12
	 	$	17.18	 	 	$	217,138.02	 	 	$	18,094.84	 
	11/1/12 — 10/31/13
	 	$	17.66	 	 	$	223,204.74	 	 	$	18,600.40	 
	11/1/13 — 10/31/14
	 	$	18.15	 	 	$	229,397.85	 	 	$	19,116.49	 
	11/1/14 — 10/31/15
	 	$	18.66	 	 	$	235,843.74	 	 	$	19,653.65	 
	11/1/15 — 10/31/16
	 	$	19.18	 	 	$	242,416.02	 	 	$	20,201.34	 
	11/1/16 — 10/31/17
	 	$	19.72	 	 	$	249,241.08	 	 	$	20,770.09	 
	11/1/17 — 10/31/18
	 	$	20.27	 	 	$	256,192.53	 	 	$	21,349.38	 

     4. Early Termination Option. The early termination option set forth in Paragraph 2 of
the Amended and Restated Lease shall apply in the same full force and effect to the Additional
Premises.

     5. Additional Rent. Landlord shall absorb and be responsible for paying Operating
Expenses during Calendar Year 2011 (the “Additional Premises Expense Stop”). “Additional Rent” for
the Additional Premises for any calendar year after 2011 shall mean Tenant’s Percentage Share of
the Operating Expenses for such calendar year in excess of the Additional Premises Expense Stop.
“Tenant’s Percentage Share” shall mean a fraction, the numerator of which is the total number of
square feet of Net Rentable Area within the demised Premises (12,639 square feet) and the
denominator of which is the total square footage of all Net Rentable Area in the Building (232,900
square feet). Tenant will pay in advance monthly installments of Additional Rent on the first
(1st) day of each calendar month
at Landlord’s address as provided

 

 

herein (or such other address as may be designated by Landlord
from time to time in writing). All other terms and conditions applicable to the Additional Rent as
set forth in Paragraphs 5(a)-(c) of the Amended and Restated Lease shall apply in the same full
force and effect to the Additional Rent as set forth in this Amendment

     6. Lobby of Building Three. Tenant shall have the non-exclusive right to use and make
alterations to the Building Three lobby, subject to Landlords prior written consent, said consent
not to be unreasonably withheld, conditioned or delayed. Additionally, no other tenant with access
to and use of the Building Three lobby shall be entitled to make alterations to the Building Three
lobby without the prior written consent of Tenant, said consent not to be unreasonably withheld.

     7. Commission. Tenant and Landlord each represents and warrants to the other that
such party has dealt with no broker, finder or similar agent in connection with this Amendment
other than Colliers International-Atlanta Inc., in conjunction with Cassidy Turley, Inc., Tenant’s
broker (together, the “Brokers”). Landlord shall pay any commissions due to the Brokers pursuant
to separate agreement between Landlord and the Brokers. Tenant and Landlord each agrees that it
shall indemnify the other from and against any claim made by any other broker or agent claiming to
have dealt with the indemnifying party in connection with this Amendment (including reasonable
attorneys’ fees and court costs).

     8. Tenant Improvement Allowance. (a) The Tenant Improvement Allowance for the
Additional Premises shall be $105,409.26

     Tenant shall have the right to use the Tenant Improvement allowance for all hard and soft
costs of construction including cabling, relocation costs and low voltage wiring. Landlord shall
send Tenant the Tenant Improvement Allowance upon submittal by Tenant to Landlord of the Architect
approved applications for payment by Tenant’s General Contractor. Landlord does not require proof
that Tenant has
paid the General Contractor before Landlord pays Tenant the Tenant Improvement Allowance.

     9. Future Expansion. Any future expansion during the term of the Amended and Restated
Lease shall be pursuant to and in accordance with the terms and conditions set forth in the Amended
and Restated Lease.

     10. Subordination. Within thirty (30) business days after the date of this Amendment,
Landlord shall cause the holder of the first security interest in the Donelson Corporate Centre to
execute and deliver to Tenant, in recordable form, a Subordination, Non-Disturbance and Attornment
Agreement in substantially the form previously executed by Tenant and the holder of the first
security interest upon the execution of the Amended and Restated Lease, whereby such holder will
acknowledge and consent to the provisions of this Amendment.

     11. Continuing Effect; Conflict. Except as amended hereby, the terms and conditions
of the Amended and Restated Lease shall remain in full force and effect, and this Amendment shall
be deemed part of the Amended and Restated Lease. In the event of a conflict between the

 

 

terms of
this Amendment and the terms of the Amended and Restated Lease, the terms of this Amendment shall
control.

THIS AMENDMENT is signed and is effective as of the date first above written.

	 	 	 	 	 
	 	LANDLORD:

Donelson Corporate Centre, L.P.

By: JS Development, LLC, general partner

 	 
	 	By:  	     /s/ Floyd Shechter
 	 
	 	 	Floyd Shechter 	 
	 	 	Managing Member 	 
	 	
TENANT:

Envoy LLC, an Emdeon company

 	 
	 	By:  	/s/ Bob A. Newport, Jr.
 	 
	 	 	Bob A. Newport, Jr. 	 
	 	 	Treasurer 	 
	 
	 	GUARANTOR:

Emdeon Business Services, LLC

 	 
	 	By:  	/s/ Bob A. Newport, Jr.
 	 
	 	 	Bob A. Newport, Jr. 	 
	 	 	Treasurer 	 
	 

 

 

	EXHIBIT A Page 1/5 Existing — Building 3, 2nd Floornot to scale

 

 

	EXHIBIT A            Page 2/6
Existing — Building 1, 1st Floor

 

 

	EXHIBIT A            Page 3/5 Expansion — Building 1, 2nd Floor not to scale

 

 

	EXHIBIT A            Page 4/5 Expansion — Building 1, 4th Floornot to scale

 

 

	EXHIBIT A            Page 5/5 Expansion — Building 3, 1st Floor

 

 

	EXHIBIT B PAGE 1/1
Building 3, 1st Floorexv10w1

Exhibit 10.1

CONFIDENTIAL SEPARATION AGREEMENT

AND RELEASE OF ALL CLAIMS 

     This Confidential Separation Agreement and Release of All Claims (“Agreement”) is made by and
between Jean C. Benson (“Employee”) and MoneyGram Payment Systems, Inc. (“Employer”).

     Employee’s employment with Employer ended without cause effective March 31, 2011 (the
“Separation Date”).

     Employee and Employer wish to resolve all actual and potential disputes between them.

     Employee and Employer therefore agree as follows:

1.
Complete Release of Claims by Employee. In consideration for the receipt of the severance pay
and other benefits described in this Agreement, to which Employee understands and acknowledges
Employee is not otherwise entitled, Employee hereby releases and forever discharges Employer, 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:

	 	1.1	 	All claims arising out of or relating to Employee’s employment with Employer and/or Employee’s
separation from that employment;
	 
	 	1.2	 	All claims arising out of or relating to the statements, actions, or omissions of any
Released Party;
	 
	 	1.3	 	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 (other than a claim chaallenging the validity of the waiver of claims under the
Age Discrimination in Employment Act); the Americans with Disabilities Act of 1990; the
Family and Medical Leave Act of 1993; 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 and any other federal, state or local anti-discrimination
acts, state wage payment statutes and non-interference or non-retaliation statutes;
	 
	 	1.4	 	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; Employee’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;

 

	 	1.5	 	All claims for compensation of any kind, including without limitation, commission
payments, bonus payments, overtime pay, vacation pay, and expense reimbursements;
	 
	 	1.6	 	All claims for back pay, front pay, reinstatement, other equitable relief, compensatory
damages, damages for alleged personal injury, liquidated damages, and punitive damages; and
	 
	 	1.7	 	All claims for attorneys’ fees, costs, and interest.

Employer acknowledges that Employee does not release any claims that the law does not allow to be
waived by private agreement or any claims that may arise after the date on which Employee signs
this Agreement. The Employee also does not release any rights Employee may have, if any, to
benefits under any plan of the Employer under Section 401(a) of the Internal Revenue Code or to
COBRA benefits pursuant to Internal Revenue Code Section 4980B. This Agreement also does not
purport to limit any right Employee may have to file a charge under any local, state or federal
civil rights statute or to participate in an investigation or proceeding conducted by the EEOC or
other investigative agency. This Agreement does, however, waive and release any right Employee may
have to recover damages or other relief under any local, state or federal civil rights statute.
Employee does not release any rights or claims to indemnification or insurance coverage (including
but not limited to D&O coverage) that Employee may have with respect to any claims made or
threatened against her in her capacity as an officer or employee of Employer provided that Employer
has the right to chose counsel to defend or indemnify Employee.

2.
Payments. Specifically in consideration of the release of claims in this Agreement, and only if
Employee signs and does not revoke this Agreement, Employer shall make the following payments to
Employee:

	 	2.1	 	Per the MoneyGram International, Inc. Severance Plan (the “Severance Plan”), severance
pay of $80,806.08. The severance pay will be paid in a lump sum, less all applicable
voluntary and required withholdings, on March 31, 2011.
	 
	 	2.2	 	Employer also will provide Employee with an additional payment of $116,153.92. The
additional payment will be paid in a lump sum, less all applicable voluntary and required
withholdings, on March 31, 2011.
	 
	 	2.3	 	In addition, under Employee’s Recognition Bonus, Employer will provide Employee a
payment of $50,000.00. This additional payment will be paid in a lump sum, less all
applicable voluntary and required withholdings, on March 31, 2011.
	 
	 	2.4	 	Employee’s participation in the MoneyGram Performance Bonus Plan (“Bonus Plan”) ceased
as of December 31, 2010. As set forth in the Severance Plan, in the event Employer achieves
the requisite criteria to issue a Bonus Plan award and issues a Bonus Plan award for fiscal
year 2010, Employee will be eligible to receive a Bonus Plan award based on the number of
days she was employed by Employer in fiscal year 2010.
	 
	 	2.5	 	Employer will provide Employee with outplacement services through Right Management,
Inc. If Employee elects not to engage the services by 

 

	 	 	 	December 31, 2011, Employee shall forfeit any and all right to utilize the outplacement
services.
	 
	 	2.6	 	Employee will receive no further wage, vacation (unless required by law), commission,
bonus or other payments from Employer.

3. Benefits Coverage after Separation Date. Shortly following the Separation Date,
Employee will receive information regarding continuation or conversion of medical, dental, and
life insurance benefits, if any, in which Employee participates. Other benefits are affected
as follows:

	 	3.1	 	Employee’s participation in the MoneyGram International, Inc. 401(k) Plan and
Employer’s matching obligation under the 401(k) Plan ceased as of the Separation Date; any
distribution of the 401(k) Plan’s funds will be made in accordance with the provisions of
the 401(k) Plan.
	 
	 	3.2	 	Employee’s business travel accident, short-term income replacement and long-term
disability coverages, if any, ceased as of the Separation Date.
	 
	 	3.3	 	Employee’s Employer-provided medical, dental, accidental death and dismemberment and
life insurance benefits, if any, will cease as of the end of the month in which the
Separation Date occurred.
	 
	 	3.4	 	Employee may possess exercisable MoneyGram International, Inc. stock option rights.
Employee agrees to observe company policy on insider trading and will not purchase or sell
MoneyGram stock while in possession of inside information or prior to the next window
period that begins after the Separation Date. If Employee possesses exercisable MoneyGram
stock option rights, all such rights must be exercised within 180 days of the Separation
Date or they will expire. Employee may exercise MoneyGram stock options, if any, (i) by contacting Carrie
Shober at 952-591-3062; (ii) via the Internet (www.etrade.com/stockplans);
or (iii) by contacting E*Trade at 1-800-387-2331.
	 
	 	3.5	 	Employee’s other benefits, if any, will be provided in accordance with the provisions
of the governing document(s) for those benefits.

4. Non-Solicitation of Employees and Other Conduct. Employee acknowledges and agrees that
under the terms and the provisions of this Agreement, and in consideration for compliance with the
terms, conditions and covenants hereunder, he/she will receive benefits from Employer that would
not otherwise be available to him/her, and that such benefits are substantial and material.
Accordingly, Employee agrees to the following provisions and covenants:

	 	4.1	 	Non-Solicitation. For one (1) year after the Effective Date of this Agreement, Employee
will not, without Employer’s express written waiver, directly or indirectly, hire, attempt
to hire or assist any other person or entity in hiring or attempting to hire an employee of
Employer, or any person who was an employee of Employer within the six months preceding the
hire or attempted hire.
	 
	 	4.2	 	Cooperation. Employee agrees that from and after the Effective Date of this Agreement,
he/she will cooperate fully with Employer, its officers, employees, agents, affiliates and
attorneys in the defense or prosecution of, or in preparation

 

	 	 	 	for the defense or prosecution of any lawsuit, dispute, investigation or other
legal proceedings (“Proceedings”) that may be on-going, anticipated or threatened
relating to services or duties performed by Employee for Employer. Employee further
agrees that he/she will cooperate fully with Employer, its officers, employees,
agents, affiliates and attorneys on any other matter related to Employer’s business
(“Matters”) during the period of Employee’s employment with Employer.

Such cooperation shall include providing true and accurate information or documents
concerning, or affidavits or testimony about, all or any matters at issue in any
Proceedings/Matters as shall from time to time be requested by Employer, and shall be
within the knowledge of Employee. Such cooperation shall be provided by Employee without
remuneration, but Employee shall be entitled to reimbursement for all reasonable and
appropriate expenses incurred by him/her in so cooperating, including (by way of example
and not by way of limitation) airplane fares, hotel accommodations, meal charges and other
similar expenses to attend Proceedings/Matters outside of the city of Employee’s residence.
In the event Employee is asked by a third party to provide information regarding Employer,
or is called other than by Employer as a witness to testify in any Proceeding/Matter
related to Employer, Employee will notify Employer as soon as possible in order to give
Employer a reasonable opportunity to respond and/or participate in such Proceeding/Matter.

	 	4.3	 	Other Conduct. Employee also agrees not to discuss, disclose, communicate, or use for
any purpose any Employer Information. For purposes of this Agreement, “Employer
Information” shall mean all business information, technological information, intellectual
property, trade secrets, customer and other information belonging to Employer or relating
to Employer’s internal affairs, or information relating to its business, technology,
employees, and/or customers which is not readily available to the general public. Employee
further agrees to return to Employer all of Employer’s property and equipment, and all
documents (including all electronic material and duplicate copies) and other tangible items
of or containing Employer Information which are in Employee’s possession, custody or
control, or which come into his/her possession, custody, or control after the Separation
Date. Employee further promises not to commit any act or make any statement that is, or
could reasonably be interpreted as, detrimental to the business, reputation, or good will
of Employer, including disparaging or embarrassing Employer or its officers, directors,
agents, and/or other personnel.
Employer and Employee acknowledge the terms of this Agreement shall not preclude
Employee from providing truthful testimony if mandated by subpoena or court order
to do so, or pursuant to an informal request from a governmental agency. Employer
agrees to instruct Employee’s supervisor not to publicly make any defamatory
statement about Employee.
	 
	 	4.4	 	Remedies. Employee understands and agrees that Employer would be irreparably damaged in
the event that the provisions of Section Four are violated, and agrees that Employer shall
be entitled (in addition to any other remedy to which it may be entitled, pursuant to this
Agreement, at law or in equity) to an injunction or injunctions to redress breaches of this
Agreement and to specifically enforce the terms and provisions hereof. Employee shall be
responsible for

 

	 	 	 	reimbursing Employer for the costs and attorneys’ fees associated with litigation
pursuant to Section Four of this Agreement.
	 
	 	4.5	 	Employee also agrees that she is not aware of any violation of federal securities law
or any other unlawful conduct by the Employer or its agents, nor is she aware of any
complaint of such conduct by any employee that has not been reported to appropriate
officials of the Employer.

5. No Future Lawsuits. Employee promises never to file a lawsuit, demand, action or
otherwise assert any claims that are released in Section One of this Agreement (other than a claim
filed solely for the purpose of challenging the validity of the waiver of claims under the Age
Discrimination in Employment Act).

6. Non-Disclosure. Employee understands that Employee continues to be bound to the terms
and obligations contained in the Employee Trade Secret, Confidential Information and
Post-Employment Restriction Agreement which survive and are enforceable following the Separation
Date.

7. Return of Equipment. Employee agrees to immediately return to Employer all of
Employer’s property and information within Employee’s possession and to comply with Employer’s
reasonable instructions for the return of Employer’s property. Such property includes, but is not
limited to, credit cards, computers, facsimile machines, cellular telephones, wireless devices,
building entry cards, keys, files, documents, and correspondence and any and all copies thereof.
Employee agrees that the obligations of this section are in addition to the terms and obligations
contained in the Employee Trade Secret, Confidential Information and Post-Employment Restriction
Agreement.

8. Full Compensation. Employee agrees that the payments made and other consideration
provided by Employer under this Agreement constitute full compensation for and extinguish all of
Employee’s actual or potential claims, including, but not limited to, all claims for attorneys’
fees, costs, and disbursements, and all claims for any type of legal or equitable relief.

9. No Admission of Wrongdoing. Employee understands and acknowledges that this
Agreement does not constitute an admission that any Released Party has violated any local
ordinance, state or federal statute, or principle of common law or engaged in any improper or
unlawful conduct or wrongdoing against Employee. Employee agrees that Employee will not
characterize this Agreement or the payment of any money or other consideration under this Agreement
as an admission of wrongdoing by any Released Party.

10. Consequences of Employee Violation of Promises. If Employee breaks the promises he/she
made in Section Five of this Agreement (other than a claim filed solely for the purpose of
challenging the validity of the waiver of claims under the Age Discrimination in Employment Act),
Employee will pay for all costs incurred by Employer, including reasonable attorneys’ fees, in
defending against Employee’s claim. In addition, if Employee breaks the promises he/she made in
Section Five of this Agreement (other than a claim filed solely for the purpose of challenging the
validity of the waiver of claims under the Age Discrimination in Employment Act), Employee will
have to repay to Employer the gross sum of money and other compensation and/or benefits provided by
Employer described in Section Two of this Agreement.

If Employee breaks the promises he/she made in Section Four or Section Six of this Agreement,
Employee acknowledges that calculation of the harm done to Employer, and resulting damages would be
extremely difficult to determine. Therefore, Employee agrees that in the event he/she

 

breaks such promises, Employee will pay as liquidated damages to Employer a sum equal to the gross
sum of money and other compensation and/or the monetary equivalent of the benefits provided by
Employer in Section Two of this Agreement.

Employee further recognizes that even if he/she violates the terms of this Agreement, this
Agreement shall remain in full force and effect, including Employee’s release of all claims.

11. Period for Review and Consideration of Agreement and Acknowledgement.
Employee understands he/she has been given a period of twenty-one (21) days to review and consider
this Agreement before signing it. Employee further understands he/she may use as much of this
21-day period as he/she wishes prior to signing. Employee also acknowledges he/she has been
provided a copy of the Severance Plan’s Summary Plan Description and Plan Document.

12. Employee’s Right to Revoke Agreement. Employee may revoke this Agreement within
fifteen (15) calendar days of Employee’s signing it. Revocation must be made by delivering a
written notice of revocation addressed to Kelly Staller, Sr. Compensation Analyst 1550 Utica Ave.
S. M.S. 1011, Minneapolis, MN 55416, either by hand-delivery or by certified mail, return receipt
requested, post-marked within the fifteen (15) day period. If Employee revokes this Agreement it
shall not be effective or enforceable and Employee will not receive any of the severance pay or
other benefits described in Section Two of this Agreement.

13. Termination of Employment. Employee acknowledges that if this Agreement becomes
effective, Employee will not be eligible and may not apply for or accept employment with Employer,
or otherwise render services to Employer for payment either from Employer or from a third party,
for a minimum of one year from the date of Employee’s separation from Employer.

14. Advised to Consult with Attorney. Employee has been advised in writing to consult with
an attorney of his/her choice before signing this Agreement. Employee is fully aware of his/her
right to consult with an attorney of his/her own choosing and acknowledges that if he/she wished to
consult with an attorney, he/she has done so.

15. Authority; Knowing and Voluntary Action. Employee represents and warrants that
Employee has the authority to enter into this Agreement and that no causes of action, claims, or
demands released pursuant to this Agreement have been assigned to any person or entity not a party
to this Agreement. Employee acknowledges that Employee has had a full opportunity to consider this
Agreement and to ask any questions that Employee may have concerning this Agreement. Employee
acknowledges that Employee, in deciding whether to sign this Agreement, has not relied upon any
statements made by Employer or its agents, other than the statements made in this Agreement and any
Employer-provided employee benefit plans in which Employee is a participant.

16. Effective Date. This Agreement shall not become effective until the “Effective Date,”
which shall be the expiration of the fifteen (15) calendar day period described in Section Twelve
of this Agreement (without Employee having revoked it pursuant to Section Twelve of this
Agreement).

17. Severability. If the scope of any provision contained in this Agreement is too broad to
permit enforcement of such provision to its full extent, then such provision shall be enforced to
the maximum extent permitted by law, and enforced as reformed or modified, in any proceedings
brought to enforce such provision. Subject to the provisions of the foregoing sentence, whenever
possible, each provision of this Agreement will be interpreted in such a

 

manner as to be effective and valid under applicable law, but if any provision of the Agreement is
held to be prohibited by or invalid under applicable law, such provision, to the extent of such
prohibition or invalidity, shall be deemed not to be a part of the Agreement, and shall not
invalidate the remainder of such provision or the remaining provisions of the Agreement.

18. Entire Agreement. For the purpose of implementing a full and complete release and
discharge of claims, Employee expressly acknowledges this Agreement is intended to include in its
effect, without limitation, all the claims described in the preceding paragraphs, whether known or
unknown, suspected or unsuspected, arising on or prior to the date Employee signs this Agreement,
and that this Agreement contemplates the extinction of all such claims, including claims for
attorneys’ fees. Employee expressly waives any right to assert after the execution of this
Agreement that any such claim, demand, obligation, or cause of action has, through ignorance,
oversight, or for any other reason, been omitted from the scope of this Agreement.

This Agreement, the Employee Trade Secret, Confidential Information and Post-Employment Restriction
Agreement, and any Employer-provided employee benefit plans in which Employee is a participant,
contain all the agreements between Employee and Employer. It is the entire agreement between
Employee and Employer, and supersedes and prevails over all other prior and/or contemporaneous
agreements, understandings or representations by or between the parties, whether oral or written.
This Agreement may not be modified or amended, and there shall be no waiver of its provisions,
except by a written instrument executed by Employee and a corporate officer of Employer. Employer
has made no promises to Employee other than those in this Agreement.

19. Counterparts. This Agreement may be executed simultaneously in two or more
counterparts, each of which will be deemed an original, but all of which together will constitute
one and the same instrument.

20. Governing Law. This Agreement will be construed in accordance with, and any dispute or
controversy arising from any breach or asserted breach of this Agreement will be governed by, the
internal laws, and not the law of conflicts, of the State of Texas.

(SIGNATURE PAGE FOLLOWS)

 

EMPLOYEE ACKNOWLEDGES HE/SHE HAS READ THIS AGREEMENT, UNDERSTANDS IT AND IS VOLUNTARILY ENTERING
INTO IT.

PLEASE
READ THIS AGREEMENT CAREFULLY. IT CONTAINS A RELEASE OF ALL KNOWN AND
UNKNOWN CLAIMS.

The parties have executed this Agreement on the dates indicated at their respective signatures
below.

	 	 	 	 	 	 	 	 	 	 	 

	Dated:
	 	1/28/11 	 	 	 	/s/ Jean C. Benson	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Jean C. Benson	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	MoneyGram Payment
Systems, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	2/8/11
	 	 	 	By:	 	/s/ Steven Piano	 	 
	 

	 	 

	 	 
	 	 	 	Steven Piano

	 	 

[THIS IS THE SIGNATURE PAGE TO THE CONFIDENTIAL SEPARATION AGREEMENT 
AND RELEASE OF CLAIMS BETWEEN THE ABOVE PARTIES]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}]]