SEC Contract Filing

Filing Date: 2015-05-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>mgi20150331ex104ceo_psuagr.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2015 Workiva -->
 <title>MGI 2015.03.31 EX 10.4 CEO_PSU Agreement</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s829fd23bf6444f07988bd32afcc0f519"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:center;text-indent:576px;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Exhibit 10.4</font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">MONEYGRAM INTERNATIONAL, INC.</font></div><div style="line-height:120%;padding-bottom:37px;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">2005 OMNIBUS INCENTIVE PLAN</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">GLOBAL performance-BASED RESTRICTED STOCK UNIT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">AWARD AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">GLOBAL PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made by and between </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">MoneyGram International, Inc.</font><font style="font-family:inherit;font-size:12pt;">, a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and Pamela H. Patsley (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Participant</font><font style="font-family:inherit;font-size:12pt;">&#8221;). The grant date of this award is February 25, 2015 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Grant Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;). </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Award</font><font style="font-family:inherit;font-size:12pt;">.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Company hereby grants to the Participant a performance-based Restricted Stock Unit (a &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Unit</font><font style="font-family:inherit;font-size:12pt;">&#8221;) award covering 323,051 shares (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Shares</font><font style="font-family:inherit;font-size:12pt;">&#8221;) of Common Stock, $.01 par value per share, of the Company according to the terms and conditions as provided in this Agreement, including any country-specific appendix thereto (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Appendix</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and in the Company&#8217;s 2005 Omnibus Incentive Plan (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Plan</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Each Unit represents the right to receive one Share, subject to the vesting requirements of this Agreement and the terms of the Plan. The Units are granted under Section 6(c) and 6(d) of the Plan. The Units are subject to appropriate adjustment as may be determined by the Committee from time to time in accordance with Section 8(c) of this Agreement. A copy of the Plan will be furnished upon request of the Participant. Each capitalized term used but not defined in this Agreement shall have the meaning assigned to that term in the Plan.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Units granted under this Agreement to &#8220;covered employees&#8221; (within the meaning of Code Section 162(m) of the United States Internal Revenue Code of 1986, as amended (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Code</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and the regulations promulgated thereunder) are intended to qualify as &#8220;qualified performance-based compensation&#8221; as described in Code Section 162(m)(4)(C) (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Qualified Performance-Based Compensation</font><font style="font-family:inheri