SEC Contract Filing

Filing Date: 2019-02-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.48
<SEQUENCE>4
<FILENAME>wu-20181231ex1048abce7.htm
<DESCRIPTION>EX-10.48
<TEXT>
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 <font style="display:inline;font-weight:bold;font-size:10pt;">Exhibit 10.48</font>

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 <font style="display:inline;font-weight:bold;font-size:14pt;">The Western Union Company</font>
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 <font style="display:inline;font-weight:bold;font-size:14pt;">Supplemental Incentive Savings Plan</font>
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 <font style="display:inline;">&nbsp;</font>
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 <br /><font style="display:inline;"></font><font style="display:inline;font-weight:bold;">ARTICLE I</font>
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 <font style="display:inline;font-weight:bold;">PURPOSE AND HISTORY OF THE PLAN</font>
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 <font style="display:inline;">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-weight:bold;text-decoration:underline;">Plan History</font><font style="display:inline;">. The Western Union Company Supplemental Incentive Savings Plan (the &#x201C;Plan&#x201D;) was established effective as of September 29, 2006, the date that The Western Union Company (the &#x201C;Company&#x201D;) was spun off from First Data Corporation (the &#x201C;Spin-Off Date&#x201D;). As further described herein, certain liabilities under the First Data SISP were transferred to the Plan as of that time.&nbsp;&nbsp;The Plan is hereby amended and restated effective as of April 1, 2018.&nbsp; </font>
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 <font style="display:inline;">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-weight:bold;text-decoration:underline;">Accounts Transferred From the First Data SISP</font><font style="display:inline;font-weight:bold;">.</font><font style="display:inline;"> &nbsp;The following accrued liabilities were transferred from the First Data SISP to the Plan as of the Spin-Off Date: </font>
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 <font style="display:inline;">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;liability equal to the bookkeeping accounts for deferrals contributed after December&nbsp;31, 2004, plus related earnings, by Participants who are Business Employees.</font>
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 <font style="display:inline;">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;liability equal to the bookkeeping accounts for employer matching contributions, Service-Related Contributions, and ISP Plus Contributions to the extent non&#8209;vested as of December 31, 2004, and for employer matching contributions, Service-Related Contributions, and ISP Plus Contributions credited after December 31, 2004, plus related earnings, by Participants who are Business Employees.</font>
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 <font style="display:inline;">For purposes of this Section 1.2, &#x201C;Business Employee&#x201D; means a Transferred Employee or any other individual employed at any time on or prior to the Spin-Off Date by the Company or its Affiliates who has, as of the Spin-Off Date, or who, immediately prior to his or her termination of employment with all of First Data Corporation and its affiliates, had employment duties primarily related to