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<SEC-DOCUMENT>0001299933-09-002942.txt : 20090716
<SEC-HEADER>0001299933-09-002942.hdr.sgml : 20090716
<ACCEPTANCE-DATETIME>20090716165300
ACCESSION NUMBER:		0001299933-09-002942
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090713
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090716
DATE AS OF CHANGE:		20090716

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VIAD CORP
		CENTRAL INDEX KEY:			0000884219
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				361169950
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11015
		FILM NUMBER:		09948598

	BUSINESS ADDRESS:	
		STREET 1:		1850 NORTH CENTRAL AVE
		STREET 2:		SUITE 800
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-4545
		BUSINESS PHONE:		(602) 207-4000

	MAIL ADDRESS:	
		STREET 1:		1850 NORTH CENTRAL AVE
		STREET 2:		SUITE 800
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-4545

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIAL CORP /DE/
		DATE OF NAME CHANGE:	19930823

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW DIAL CORP
		DATE OF NAME CHANGE:	19921106
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_33528.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<TITLE> Viad Corp (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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<BR>
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	WASHINGTON, D.C. 20549
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<P ALIGN="CENTER">
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	&nbsp;
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	&nbsp;
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	July 13, 2009
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	Viad Corp
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<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	&nbsp;
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	Delaware
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	001-11015
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	36-1169950
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	&nbsp;&nbsp;
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	&nbsp;
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	1850 N. Central Avenue, Suite 800, Phoenix, Arizona
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	&nbsp;
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	85004-4545
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	(602) 207-4000
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<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<FONT SIZE="2">Top of the Form</FONT>
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<B>
	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
On July 13, 2009, in connection with the strategic reorganization of Viad Corp (the "Company") announced by a press release on July 13, 2009, the Company made position changes for the following named executive officers of the Company:<br><br>&#x2022;	Kevin M. Rabbitt, former President and Chief Executive Office of GES Exposition Services, Inc. ("GES"), a subsidiary of the Company, ceased to serve in the position of Chief Executive Officer and will continue in the position of President until September 30, 2009.  <br><br>&#x2022;	John F. Jastrem, former President and Chief Executive Officer of Exhibitgroup/Giltspur, a division of the Company, ceased to serve in the position of President and will continue in the position of Chief Executive Officer.  In addition, he was appointed as President and Chief Executive Officer of the Company's Marketing & Events Group and as Chief Executive Officer of GES.  Mr. Jastrem (age 54) held the position of President and Chief Executive Officer of Exhibitgroup/Giltspur since Oc
tober 2006.  Prior thereto, he was a member of corporate staff of Diversified Agency Services, a division of Omnicom Group Inc., since 2005; prior thereto, President of The Marketing Arm, a subsidiary of Omnicom, since 2004, and prior thereto, CEO of Rapp Collins Worldwide, LP (Dallas), a subsidiary of Omnicom, since 1998.<br><br>&#x2022;	Michael M. Hannan, President and Chief Executive Officer of Brewster Inc. since December 2008, will also serve as the President and Chief Executive Officer of the Travel & Recreation Group of the Company.  Prior to his positions with the Company, Mr. Hannan (age 43) was Executive Vice President of Gibralt Capital Corporation, a real estate investment firm focusing on Canada and the United States, from July 2008 through November 2008; prior thereto, independent consultant providing business strategy, corporate development and financial advice to companies in British Columbia, Canada since January 2007; prior thereto, Executive Vice President of Intrawest ULC, a leader in the
 development and management of experiential destination resorts, since May 2002; Chief Executive Officer of Versatel Internet Group, an internet service provider, from February 2000 &#x2013; December 2001; prior thereto, Chief Financial Officer of UUNET Canada and Latin America, an internet service provider, since May 1996.<br><br>On July 13, 2009, Mr. Rabbitt entered into a Separation Agreement and Release with GES.  His termination of employment will be effective September 30, 2009, and thereafter Mr. Rabbitt will be retained to serve in an advisory capacity to the Company through December 31, 2009.  The Company and Mr. Rabbitt entered into a verbal agreement related to Mr. Rabbitt's consulting fee while he serves in an advisory capacity.  His consulting fee will be $101,250, which is equivalent to three months of his current annual base salary. A copy of the Separation Agreement and Release is attached hereto as Exhibit 10.A and is incorporated by reference herein.<br>
</FONT>
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<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
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<P ALIGN="LEFT">
<FONT SIZE="2">
(d) Exhibits<br>     	10.A - Copy of Kevin M. Rabbitt Separation Agreement and Release, dated July 13, 2009.  <br>
</FONT>
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<FONT SIZE="2">Top of the Form</FONT>
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<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	Viad Corp
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	&nbsp;&nbsp;
</FONT>
</TD>
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	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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	&nbsp;
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	&nbsp;
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<I>
	July 16, 2009
</I>
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	&nbsp;
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<I>
	By:
</I>
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<FONT SIZE="2">
	&nbsp;
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<I>
	/s/ G. Michael Latta
</I>
<BR>
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</TD>
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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	&nbsp;
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<HR SIZE="1" NOSHADE>
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	&nbsp;
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	&nbsp;
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<I>
	Name: G. Michael Latta
</I>
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	&nbsp;
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<I>
	Title: Vice President - Controller (Chief Accounting Officer and Authorized Signer)
</I>
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	Exhibit&nbsp;Index
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<B>
	Exhibit No.
</B>
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	&nbsp;
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	Description
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	10.A
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	&nbsp;
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<FONT SIZE="2">
Copy of Kevin M. Rabbitt Separation Agreement and Release, dated July 13, 2009.
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.A
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-10.A
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<TITLE> EX-10.A </TITLE>
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<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 10pt"><B>Separation Agreement and Release</B></FONT>



<P align="left" style="font-size: 10pt; text-indent: 4%">This Separation Agreement and Release (&#147;Agreement&#148;) is intended to amicably and finally
resolve all issues and claims surrounding the employment of Kevin M. Rabbitt (&#147;Employee&#148;) with GES
Exposition Services, Inc. (&#147;Employer&#148;) and is made and entered into by and between Employee and
Employer.


<P align="left" style="font-size: 10pt"><B>I.&nbsp;Recitations</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employer desires to provide Employee with separation benefits to assist in the
transition resulting from the reorganization of Employer and Employee&#146;s termination of
employment, provided that Employee executes all transitional responsibilities as agreed upon
between Employee and Employer;</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee desires, in exchange for such separation benefits, to waive and release
any and all claims that Employee may have against Employer; and</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employer desires to enter into a consulting arrangement with Employee, terms to be
agreed upon in a separate Consulting Agreement agreeable to both parties, after the Separation
Date.</FONT></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>II.&nbsp;Agreement</B>


<P align="left" style="font-size: 10pt">In consideration of the promises, agreements, covenants, and provisions contained in this
Agreement, the sufficiency of which is hereby acknowledged, the parties agree as follows:


<P align="left" style="font-size: 10pt"><B>A.&nbsp;Salary and Benefits</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee&#146;s employment with Employer will end effective September&nbsp;30, 2009 (the
&#147;Separation Date&#148;).</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">In consideration of the promises of Employee contained herein, Employer agrees to
pay Employee a severance benefit equal to fifty-two (52)&nbsp;weeks separation pay ($405,000), less
statutory deductions (based upon Employee&#146;s annual base salary as of the Separation Date), the
first installment of $101,250 to be paid eight (8)&nbsp;business days following the Separation
Date, and the remainder ($303,750) to be paid on January&nbsp;8, 2010.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee will be paid, by separate check, a lump sum payment, less statutory
deductions, for all earned but unused vacation (including any carryover vacation from 2008) as
of the Separation Date, in accordance with state statutory requirements.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employer will pay Employee a lump sum of $4,900 (grossed up) for purposes of
payment of the premiums for Employee&#146;s Group Medical, Executive Medical and Dental insurance
coverages for twelve (12)&nbsp;months effective on the first day of the month following the
Separation Date. This coverage will continue in effect from October&nbsp;1, 2009 through September
30, 2010, unless Employee becomes eligible for coverage through another employer or through a
governmental program. Effective October&nbsp;1, 2010, Employee may elect to continue, at
Employee&#146;s cost, coverage under the Viad health plan, in accordance with the health care
continuation coverage provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985
(&#147;COBRA&#148;).</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee&#146;s participation in the Viad Corp Performance Unit Plan (&#147;PUP&#148;) and
Performance Based Restricted Stock (&#147;PBRS&#148;) Plan will cease as of the Separation Date. Awards
shall be paid under the 2007-2009 and 2008-2010 PUP, pursuant to the corresponding Agreements.
Full ownership of the earned performance units will occur to the extent not previously earned
at the end of the performance period. Pursuant to the corresponding Performance Based
Restricted Stock Agreements, the remaining unvested PBRS shares will vest in accordance with
the corresponding Agreements whereby Employee shall receive 1,666 shares in January&nbsp;2010, an
additional 2,533 shares in January&nbsp;2010 and 2,533 shares in January&nbsp;2011. 17,600 PBRS shares
granted in February&nbsp;2009 shall be forfeited as they will not be earned based on company
performance.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee&#146;s Restricted Stock awards from 2007 (4,500 shares), 2008 (5,400 shares)
and 2009 (12,500 shares) will vest in full pursuant to the corresponding Agreements. Total
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shares vesting are 22,400 (4,500, 5,400 and 12,500).</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee&#146;s participation in Employer&#146;s 401(k) Program (also known as the &#147;TRIM&#148;
plan), and Employer&#146;s matching obligation under the Program, will cease as of the Separation
Date, and any distribution of the Program&#146;s funds will be in accordance with the provisions of
the 401(k) Program. Employee will receive information explaining Employee&#146;s options with
regard to Employee&#146;s account in Employer&#146;s 401(k) program from the plan administrator, T Rowe
Price, approximately three (3)&nbsp;weeks after the end of the month following the Separation Date.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee&#146;s participation in any other Employer-sponsored perquisite programs
including tax and financial counseling, health club, lunch and country club, and company paid
automobile will cease as of the Separation Date. All associated expenses with regard to
above-mentioned perquisites will be reimbursed to Employee or paid directly to provider
through the Separation Date.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee&#146;s Life Insurance, Short-Term Disability, Long-Term Disability, and
Business Travel Accident insurance coverage will cease as of the Separation Date.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee&#146;s participation in his Executive Physical, to be completed no later than
December&nbsp;31, 2009.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">In the event Employee dies prior to receipt of all cash payments and other
compensation to which Employee is entitled hereunder, such consideration shall be paid to the
Employee&#146;s estate, unless otherwise directed in writing by Employee.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee will be entitled to outplacement as provided for under the Right
Management Officers Outplacement Program. Services under this Program must be commenced within
90&nbsp;days of the Separation Date.</FONT></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>B.&nbsp;Release of Claims by Employee</B>


<P align="left" style="font-size: 10pt">In consideration for the receipt of the separation pay and other benefits described in this
Agreement and for good and valuable consideration the receipt and sufficiency of which is hereby
acknowledged by Employee, Employee hereby waives, voluntarily releases and forever discharges
Employer, its parent companies, predecessors, successors, affiliates and subsidiaries, and their
respective shareholders, employees, officers, representatives, agents, and directors (collectively
&#147;the Company&#148;) from the following:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">All claims arising out of or relating to Employee&#146;s employment with the Company or
Employee&#146;s separation from that employment;</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">All claims arising out of or relating to any written or implied personnel policy
or practice of the Company or the statements, actions, or omissions of the Company;</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">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; 42 U.S.C. 12101, et. seq.;
the Family and Medical Leave Act of 1993; the Employee Retirement Income Security Act of 1974;
the Equal Pay Act of 1963; the Fair Labor Standards Act; the Worker Adjustment and Retraining
Notification Act; the Civil Rights Act of 1991; the Fair Credit Reporting Act; the Older
Workers Benefit Protection Act; and any other federal, state or local anti-discrimination
acts, state wage acts and non-interference or non-retaliation statutes;</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">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&#146;s activities, if any, as a
&#147;whistleblower&#148;; 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;</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">All claims for compensation of any kind, including without limitation, commission
payments, bonus payments, vacation pay, and expense reimbursements;</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">All claims for back pay, front pay, reinstatement, other equitable relief,
compensatory damages, damages for alleged personal injury, liquidated damages, and punitive
damages;</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">All claims for attorneys&#146; fees, costs, and interest.</FONT></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Employee also waives any right to any form of recovery or compensation from any legal action
brought by Employee, or by any state or federal agency on Employee&#146;s behalf in connection with
Employee&#146;s employment with or termination of employment from Employer. Employer acknowledges and
understands, however, that Employee does not release any claims that the law does not allow to be
waived or any claims that may arise after the date on which Employee signs this Agreement.
Employee also agrees not to seek re-employment with Employer in the future.


<P align="left" style="font-size: 10pt"><B>C.&nbsp;Non-Disclosure</B>


<P align="left" style="font-size: 10pt">Employee agrees that Employee shall not disclose to any person or entity at any time or in any
manner, directly or indirectly, any information relating to the operations of Employer, Employer&#146;s
affiliates, or Employer&#146;s customers, clients or suppliers that has not already been disclosed to
the general public. The parties agree that this provision includes, but is not limited to, the
following information: compensation practices or arrangements; human resources practices; employee
or former employee names, lists or contact information; financial information; budgets; product and
services; strategic business or marketing plans; proprietary information and/or trade secrets;
operating procedures; customer lists and/or names; product and service prices; customer charges;
contracts; contract negotiations; employee relations matters.; and any other proprietary
information related to the business of Employer or its affiliates Employee understands that this
listing is not all-inclusive and is provided by way of example. Employee further understands that
Employee continues to be bound by the terms and obligations contained in any and all
confidentiality agreements signed by Employee during the course of Employee&#146;s employment with
Employer, which shall survive and are enforceable following the Employee&#146;s Separation Date
according to the terms of such agreements.


<P align="left" style="font-size: 10pt"><B>D.&nbsp;Mutual Nondisparagement and Neutral Reference</B>


<P align="left" style="font-size: 10pt">Employee agrees not to express any derogatory or damaging statements about Employer or its
directors, officers, employees or agents, or the management of Employer, or Employer&#146;s business
condition. Likewise, Employer agrees not to express any derogatory or disparaging statements about
Employee. In addition, Employer agrees to provide prospective employers of Employee with a neutral
reference, including only Employee&#146;s name, job title, and dates of employment.


<P align="left" style="font-size: 10pt"><B>E.&nbsp;Confidentiality</B>


<P align="left" style="font-size: 10pt">Employee agrees to treat the existence of this Agreement and its terms as strictly confidential.
Employee will not reveal any of the terms of the Agreement, the amounts referred to in this
Agreement, or the fact of the payment of such amounts, to any person, except Employee&#146;s immediate
family, attorney or tax preparer or other professional advisor to whom disclosure is necessary to
achieve the purposes for which Employee has consulted with such professional advisor. If Employee
discloses the Agreement to any person identified above, Employee must simultaneously inform the
person to whom the disclosure is being made that he/she must keep the Agreement strictly
confidential and that he/she may not disclose the Agreement to any other person without the advance
written consent of Employee and Employer. Notwithstanding the above, nothing in this Agreement
shall prohibit Employee from (i)&nbsp;advising a governmental taxing authority of the terms of this
Agreement in response to question(s) posed by such taxing authority; (ii)&nbsp;testifying pursuant to a
court order or subpoena issued by a governmental agency or court of law or their duly authorized
agent(s), which appears valid on its face; (iii)&nbsp;revealing the terms of this Agreement as required
by and in accordance with any law, regulation or ordinance; or (iv)&nbsp;revealing the terms of this
Agreement in order to enforce its terms.


<P align="left" style="font-size: 10pt"><B>F.&nbsp;Future Cooperation</B>


<P align="left" style="font-size: 10pt">Employee hereby agrees, if requested by Employer, to fully cooperate in assisting Employer and its
counsel in any litigation, proceeding, claim or dispute which arose before, during, or after
Employee&#146;s employment, and of which Employee has knowledge. If Employer makes a request of
Employee to participate in such, and travel is necessary, Employer shall pay reasonable travel
expenses consistent with Employer&#146;s current travel policy in effect as of the Separation Date.
Employer shall at its cost provide representation of its choice for any preparation for or
representation of Employee, if Employer requests such services. If Employer requests assistance
from Employee that requires Employee to provide work product, review prior work or analysis or
spend time in preparation for testimony or litigation, Employer shall reimburse Employee for
Employee&#146;s time at an hourly rate consistent with Employee&#146;s regular base salary at the time of
Employee&#146;s separation.


<P align="left" style="font-size: 10pt"><B>G.&nbsp;Covenant Not to Solicit</B>.


<P align="left" style="font-size: 10pt">Employee hereby consents and agrees that for a period ending one (1)&nbsp;year following the Separation
Date, Employee shall not solicit, induce or attempt to induce, directly or indirectly, any employee
of Employer or any of its affiliates to discontinue their employment with Employer or any of its
affiliates, or induce or attempt to participate in any way to induce any employee of Employer or
any of its affiliates to breach any agreement with Employer or any of its affiliates. &nbsp;Employee
further consents and agrees that for a period ending one (1)&nbsp;year following the Separation Date,
Employee shall not solicit, induce or attempt to induce, directly or indirectly, any supplier,
contractor, consultant or other representative of Employer or any of its affiliates to terminate
their or its relationship with Employer or any of its affiliates. Employee further consents and
agrees that for a period ending one (1)&nbsp;year following the Separation Date, Employee shall not
solicit, induce or attempt to induce, directly or indirectly, any customer or client of Employer or
its affiliates to discontinue their business relationship with Employer or any of its affiliates.&nbsp;


<P align="left" style="font-size: 10pt"><B>H.&nbsp;Covenant Not to Compete</B>.&nbsp;


<P align="left" style="font-size: 10pt">Employee acknowledges that during the course of his employment in the business of Employer prior to
the Separation Date, Employee may have developed relationships with certain competing organizations
in the Exposition and Events industries, including, but not limited to, Freeman Decorating Company
and Champion Exposition Services company, as well as with certain contractors, subcontractors or
customers of the Employer and subsidiaries and affiliates, and that the Employee had access during
the course of Employee&#146;s employment with Employer to information about the business of Employer
which is confidential and/or constitutes trade secrets. Employee hereby covenants and agrees that
for a period ending one (1)&nbsp;year following the Separation Date, Employee shall not engage directly
or indirectly, either for Employee or another, or as an employee, partner, consultant, affiliate or
controlling stockholder of any person or entity so engaged in providing of products, services or
events similar to those of Employer or any of its affiliates, nor compete or aid another to compete
in any way with Employer or with any parent, subsidiary or affiliate of Employer which may be
engaged in any such businesses similar to Employer.


<P align="left" style="font-size: 10pt">Nothing contained herein shall prevent Employee from purchasing or owning any stock listed on a
stock exchange or traded in the over-the-counter market provided such purchases shall not result in
Employee owning in the aggregate, directly or beneficially, 5% or more of the securities of any
corporation engaged in a business which is competitive to that of the Employer.


<P align="left" style="font-size: 10pt"><B>I.&nbsp;Injunctive Relief</B>


<P align="left" style="font-size: 10pt">Employee acknowledges that a breach of any of the provisions of Sections&nbsp;II. C-H of this Agreement
will irreparably and continually damage Employer, for which money damages may not be adequate.
Consequently, Employee agrees that in the event Employee breaches or threatens to breach any of
these covenants, Employer shall be entitled to preliminary and permanent injunction in order to
prevent the continuation of such harm, and money damages insofar as they can be determined.
Nothing in this Agreement shall be construed to prohibit Employer from pursuing any other remedy,
the parties having agreed that all remedies are cumulative.


<P align="left" style="font-size: 10pt"><B>J.&nbsp;Return of Equipment and Documents</B>


<P align="left" style="font-size: 10pt">Unless otherwise noted in this Agreement, Employee shall return all of Employer&#146;s property and
information within Employee&#146;s possession (&#147;Property&#148;). Such property includes, but is not limited
to, documents, correspondence, credit cards, copy machines, facsimile machines, pagers, entry
cards, keys, building passes, computer software, manuals, journals, diaries, files, lists, codes,
and methodologies particular to Employer and any and all copies thereof. Moreover, Employee is
strictly prohibited from making copies, or directing copies to Employee through e-mail or other
transmission, of any of Employer&#146;s property covered by this paragraph. Further, Employee covenants
and agrees not to, or direct or solicit others to, destroy and Property.


<P align="left" style="font-size: 10pt"><B>K.&nbsp;Claims Involving Employer</B>


<P align="left" style="font-size: 10pt">Employee represents that Employee has not instituted, filed or caused others to file or institute
any charge, complaint or action against Company. Employee covenants that, to the full extent
permitted by law, Employee will not file or institute any charge, complaint or action against
Company with respect to any matters arising before or on the date Employee signs this Agreement.
Employee will not recommend or suggest to any potential claimants or employees of Employer or their
attorneys or agents that they initiate claims or lawsuits against the Company, nor will Employee
voluntarily aid, assist, or cooperate with any claimants or employees of Employer or their
attorneys or agents in any claims or lawsuits now pending or commenced in the future against the
Company; provided, however, that nothing in this paragraph will be construed to prevent Employee
from giving truthful testimony in response to direct questions asked pursuant to a lawful subpoena
during any future legal proceedings involving the Company.


<P align="left" style="font-size: 10pt"><B>L.&nbsp;Attorney&#146;s Fees</B>


<P align="left" style="font-size: 10pt">Each party shall pay its own attorney&#146;s fees and costs to enforce any term and provision of this
Agreement in any action before any agency, tribunal, court or forum whatsoever, in law or in
equity.


<P align="left" style="font-size: 10pt"><B>M.&nbsp;Time to Consider Agreement</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee understands and acknowledges that Employee has ten (10)&nbsp;days from the
date Employee receives this Agreement to consider and sign it.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><FONT style="font-size: 8pt">&#149;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 8pt"></FONT><FONT style="font-size: 10pt">Employee understands that Employee will not receive the benefits and privileges of
this Agreement until eight (8)&nbsp;days following the Separation Date. This Agreement will be
deemed withdrawn by Employer and null and void unless Employee signs the Agreement on or
before the expiration of the applicable consideration period, as described in the prior
paragraphs.</FONT></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>N.&nbsp;Invalidity and Partial Invalidity; Severability</B>


<P align="left" style="font-size: 10pt">If any term or provision of this Agreement shall be determined by a court of competent jurisdiction
to be against public policy, invalid or unenforceable, the remainder of this Agreement or the
application of such term or provision other than those terms or provisions which are held invalid
or unenforceable, shall not be affected thereby, and each term and provision of this Agreement
shall be valid and enforced to the full extent permitted by law. If, moreover, any one or more of
the provisions contained in this Agreement shall for any reason be held to be excessively broad as
to time, duration, geographical scope, activity or subject, it shall be construed, by limiting and
reducing it, so as to be enforceable to the extent compatible with the applicable law as it shall
then appear.


<P align="left" style="font-size: 10pt"><B>O.&nbsp;Full Compensation</B>


<P align="left" style="font-size: 10pt">Employee agrees that the payments made and other consideration provided by Employer under this
Agreement constitute full and sufficient compensation for the covenants and agreements of Employee
herein, and for the release of all of Employee&#146;s claims as set forth in the Agreement, including,
but not limited to, all claims for attorneys&#146; fees, costs, and disbursements, and all claims for
any type of legal or equitable relief.


<P align="left" style="font-size: 10pt"><B>P.&nbsp;No Admission of Wrongdoing</B>


<P align="left" style="font-size: 10pt">Employee understands and acknowledges that this Agreement does not constitute an admission that
Employer has violated any local ordinance, state or federal statute, or principle of common law, or
that Employer has 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 in accord with this Agreement as an admission that Employer has engaged in any
wrongdoing.


<P align="left" style="font-size: 10pt"><B>Q.&nbsp;Breach of Agreement; Revocation of Severance Paid</B>


<P align="left" style="font-size: 10pt">Employee agrees that a breach or other violation by employee of any of the provisions of this
Agreement shall be sufficient grounds for Employer to terminate this Agreement immediately,
discontinue all payments due hereunder, and demand and be entitled to repayment of all payments
made hereunder.


<P align="left" style="font-size: 10pt"><B>R.&nbsp;Arbitration</B>


<P align="left" style="font-size: 10pt">Except to the extent that claims by Employer or Employee are for injunctive relief, any dispute or
difference of opinion between Employee and Employer (including all employees, partners or
contractors of Employer) involving the formation of this Agreement, or the meaning, interpretation,
or application of any provision of this Agreement, or any other dispute between Employee and
Employer which relates to or arises out of the employment relationship between the parties, shall
be settled exclusively by binding arbitration before one neutral arbitrator, and judgment on the
award rendered by the arbitrator may be entered and enforced in any court having jurisdiction
thereof.


<P align="left" style="font-size: 10pt"><B>S.&nbsp;Governing Law</B>


<P align="left" style="font-size: 10pt">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 laws of the State of
Nevada, except as may otherwise be interpreted, enforced and governed or preempted by Federal law.


<P align="left" style="font-size: 10pt"><B>T.&nbsp;Entire Agreement</B>


<P align="left" style="font-size: 10pt">This Agreement contains the entire agreement between the parties hereto, and supersedes all prior
agreements, written and verbal, except for Employee&#146;s Employee Patent and Trade Secret Agreement,
use of Company-owned Computer Systems, Always Honest Agreements, Management Incentive Plan
Participation Agreement, Performance Unit Plan, Restricted Stock and Performance Based Restricted
Stock Agreements(s), which will remain in full force and effect, it being understood that this
Agreement is in addition to and not in substitution for the covenants and obligations contained in
such Agreements, and that language as it pertains to non-competition, will be applied consistently
throughout all prior agreements as described in II.H. of this Separation Agreement.


<P align="left" style="font-size: 10pt"><B>III. Attestation</B>


<P align="left" style="font-size: 10pt">PLEASE READ THIS AGREEMENT CAREFULLY. THIS AGREEMENT INCLUDES A RELEASE OF KNOWN AND UNKNOWN
CLAIMS.


<P align="left" style="font-size: 10pt"><B>EMPLOYEE HEREBY STATES THAT, BEING OF LAWFUL AGE AND LEGALLY COMPETENT TO EXECUTE THIS AGREEMENT,
EMPLOYEE HAS SIGNED THIS AGREEMENT AS A FREE AND VOLUNTARY ACT AND BEFORE DOING SO EMPLOYEE HAS
BECOME FULLY INFORMED OF ITS CONTENT BY READING THE SAME OR HAVING IT READ TO EMPLOYEE SO THAT
EMPLOYEE FULLY UNDERSTANDS ITS CONTENT AND EFFECT. OTHER THAN AS STATED HEREIN, THE PARTIES AGREE
THAT NO PROMISE OR INDUCEMENT HAS BEEN OFFERED FOR THIS AGREEMENT AND THAT THE PARTIES ARE LEGALLY
COMPETENT TO EXECUTE THE SAME.</B>


<P align="left" style="font-size: 10pt"><B>EMPLOYEE FURTHER STATES THAT EMPLOYEE HAS BEEN ADVISED TO CONSULT AN ATTORNEY, THAT EMPLOYEE HAS
BEEN GIVEN SUFFICIENT OPPORTUNITY TO REVIEW THIS DOCUMENT WITH AN ATTORNEY BEFORE EXECUTING IT AND
THAT EMPLOYEE HAS DONE SO OR HAS VOLUNTARILY ELECTED NOT TO DO SO.</B>


<P align="left" style="font-size: 10pt; text-indent: 22%"><B>EMPLOYEE</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 10pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Kevin M. Rabbitt
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">7/13/2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kevin M. Rabbitt
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date</TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD colspan="3" valign="top" align="left"><B>APPROVED BY VIAD CORP FOR THE EMPLOYER</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD align="left" valign="top">/s/ Suzanne Pearl
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7/13/2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD align="left" valign="top">Suzanne Pearl
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Vice President
<BR>
Human Resources & Administration



<P align="center" style="font-size: 10pt; display: none">




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