VIAD CORP
EX-10.C
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<TYPE>EX-10.C
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<DESCRIPTION>EX-10.C
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.C</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>VIAD CORP<BR>
1997 OMNIBUS INCENTIVE PLAN<BR>
RESTRICTED STOCK AGREEMENT FOR OUTSIDE DIRECTORS<BR>
As Amended February&nbsp;22, 2007</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares of Restricted Stock are hereby awarded by Viad Corp (Corporation), a Delaware
corporation, effective <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2007, to <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (Director) in accordance with the following
terms and conditions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U><B>Share Award.</B></U> The Corporation hereby awards the Director<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> Shares (Shares)
of Common Stock, par value $1.50 per share (Common Stock) of the Corporation pursuant to the Viad
Corp 1997 Omnibus Incentive Plan (Plan), and upon the terms and conditions, and subject to the
restrictions therein and hereinafter set forth.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U><B>Restrictions on Transfer and Restriction Period.</B></U> During the period commencing on
the effective date hereof (Commencement Date) and terminating 3&nbsp;years thereafter (Restriction
Period), the Shares may not be sold, assigned, transferred, pledged, or otherwise encumbered by the
Director, except as hereinafter provided. The Restriction Period shall lapse and full ownership of
Shares will vest at the end of the Restriction Period, subject to forfeiture pursuant to paragraph
3.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors (Board) shall have the authority, in its discretion, to accelerate the time
at which any or all of the restrictions shall lapse with respect to any Shares, prior to the
expiration of the Restriction Period with respect thereto, or to remove any or all of such
restrictions, whenever the Board may determine that such action is appropriate by reason of change
in applicable tax or other law, or other change in circumstances.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U><B>Forfeiture and Repayment Provisions.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U><B>Termination of Service.</B></U> Except as provided in this paragraph 3 and in paragraph 8
below or as otherwise may be determined by the Board in its absolute discretion on a case by case
basis, if the Director&#146;s service ceases with the Corporation for any reason (other than termination
for Cause, as defined in the Plan), full ownership of the Shares will occur upon lapse of the
Restriction Period as set forth in paragraph 2 and dividends will be paid through such period, in
each case on a pro-rata basis, calculated based on the percentage of time such Director served as
a director of the Corporation from the Commencement Date through the date such Director ceases to
be a director of the Corporation; provided, however that full ownership of the shares (versus pro
rata ownership) will occur upon lapse of the Restriction Period if the Director has reached age 60
at the time of service termination and such termination of service is at least 2&nbsp;years subsequent
to the date of grant; the director has reached age 65 at the time service terminates and such
termination of service is at least 6&nbsp;months subsequent to the date of grant; or such termination of
service is at least 6&nbsp;months subsequent to the date of grant and Director has terminated service
due to unforeseen hardship or circumstances beyond the control of Director, as reasonably
determined by the Human Resources Committee of the Board, in its absolute discretion. If the
Director&#146;s service ceases with the Corporation by reason of death or total or partial disability,
full ownership of the shares will occur to the extent not previously earned, upon lapse of the
Restriction Period as set forth in Paragraph&nbsp;2.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U><B>Non-Compete</B></U><B>. </B>Unless a Change of Control (as defined in the Plan) shall have
occurred after the date hereof:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;In order to better protect the goodwill of the Corporation and its Affiliates and to
prevent the disclosure of the Corporation&#146;s or its Affiliates&#146; trade secrets and confidential
information and thereby help insure the long-term success of the business, Director, without prior
written consent of the Corporation, will not engage in any activity or provide any services,
whether as a director, manager, supervisor, employee, adviser, agent, consultant, owner of more
than five (5)&nbsp;percent of any enterprise or otherwise, for a period of two (2)&nbsp;years
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">following the date of Director&#146;s termination of service with the Corporation in connection
with the manufacture, development, advertising, promotion, design, or sale of any service or
product which is the same as or similar to or competitive with any services or products of the
Corporation or its Affiliates (including both existing services or products as well as services or
products known to the Director, as a consequence of Director&#146;s service with the Corporation to be
in development):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;with respect to which Director&#146;s work has been directly concerned at any time during the
two (2)&nbsp;years preceding termination of service with the Corporation or one of its Affiliates, or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;with respect to which during that period of time Director, as a consequence of Director&#146;s
job performance and duties, acquired knowledge of trade secrets or other confidential information
of the Corporation or its Affiliates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;For purposes of the provisions of paragraph 3(b), it shall be conclusively presumed that
Director has knowledge of information he or she was directly exposed to through actual receipt or
review of memos or documents containing such information, or through actual attendance at meetings
at which such information was discussed or disclosed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;All Shares subject to the restrictions imposed by paragraph 2 above shall be forfeited
and returned to the Corporation, if Director engages in any conduct agreed to be avoided pursuant
to the provisions of paragraph 3(b) at any time within two (2)&nbsp;years following the date of
Director&#146;s termination of service with the Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;If, at any time within two (2)&nbsp;years following the date of Director&#146;s termination of
service with the Corporation or any of its Affiliates, Director engages in any conduct agreed to be
avoided pursuant to the provisions of paragraph 3(b), then all consideration (without regard to tax
effects) received directly or indirectly by Director from the sale or other disposition of all
Shares which vest during the two (2)&nbsp;year period prior to Director&#146;s termination from service shall
be paid by Director to the Corporation, or such Shares shall be returned to the Corporation.
Director consents to the deduction from any amounts the Corporation or any of its Affiliates owes
to Director to the extent of the amounts Director owes the Corporation hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U><B>Misconduct</B></U><B>. </B>Unless a Change of Control shall have occurred after the date hereof:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;All consideration (without regard to tax effects) received directly or indirectly by
Director from the sale or other disposition of the Shares shall be paid by Director to the
Corporation or such Shares shall be returned to the Corporation, if the Corporation reasonably
determines that during Director&#146;s service with the Corporation or any of its Affiliates:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;Director knowingly participated in misconduct that causes a misstatement of the financial
statements of Viad or any of its Affiliates or misconduct which represents a material violation of
any code of ethics of the Corporation applicable to Director or of the Always Honest compliance
program or similar program of the Corporation; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;Director was aware of and failed to report, as required by any code of ethics of the
Corporation applicable to Director or by the Always Honest compliance program or similar program of
the Corporation, misconduct that causes a misstatement of the financial statements of Viad or any
of its Affiliates or misconduct which represents a material knowing violation of any code of ethics
of the Corporation applicable to Director or of the Always Honest compliance program or similar
program of the Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Director consents to the deduction from any amounts the Corporation or any of its
Affiliates owes to Director to the extent of the amounts Director owes the Corporation under this
paragraph 3(c).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(d) </B><U><B>Acts Contrary to Corporation</B></U><B>. </B>Unless a Change of Control shall have occurred
after the date hereof, if the Corporation reasonably determines that at any time within two (2)
years after the lapse of the</DIV>






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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Restriction Period Director has acted significantly contrary to the best interests of the
Corporation, including, but not limited to, any direct or indirect intentional disparagement of the
Corporation, then all consideration (without regard to tax effects) received directly or indirectly
by Director from the sale or other disposition of all Shares which vest during the two (2)&nbsp;year
period prior to the Corporation&#146;s determination shall be paid by Director to the Corporation, or
such Shares shall be returned to the Corporation. Director consents to the deduction from any
amounts the Corporation or any of its Affiliates owes to Director to the extent of the amounts
Director owes the Corporation under this paragraph 3(d).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The Corporation&#146;s reasonable determination required under Sections&nbsp;3(c)(i) and 3(d) shall
be made by the Human Resources Committee of the Corporation&#146;s Board of Directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;<U><B>Certificates for the Shares.</B></U> The Corporation shall issue a certificate in respect
of the Shares in the name of the Director, the number of Shares of which shall equal the amount of
the award specified herein, and shall hold such certificate on deposit for the account of the
Director until the expiration of the restrictions set forth in paragraph 2 above with respect to
the Shares represented thereby. The certificate shall bear the following legend:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%; margin-right: 4%">The transferability of this certificate and the Shares of stock represented
hereby are subject to the terms and conditions (including forfeiture)
contained in the Viad Corp 1997 Omnibus Incentive Plan and an Agreement
entered into between the registered owner and Viad Corp. Copies of such Plan
and Agreement are on file with the Vice President-General Counsel of Viad
Corp, 1850 North Central Avenue, Suite&nbsp;800, Phoenix, Arizona 85004-4545.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Director further agrees that simultaneously with his or her acceptance of this Agreement,
he or she shall execute a stock power covering such award endorsed in blank and that he or she
shall promptly deliver such stock power to the Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;<U><B>Director&#146;s Rights.</B></U> Except as otherwise provided herein, the Director, as owner of
the Shares, shall have all rights of a shareholder, including, but not limited to, the right to
receive all dividends paid on the Shares and the right to vote the Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U><B>Expiration of Restriction Period.</B></U> Upon the lapse or expiration of the Restriction
Period with respect to any Shares, the Corporation shall redeliver to the Director the certificate
in respect of such Shares (reduced as provided in paragraph 3(a) in the event service is terminated
prior to lapse of the Restriction Period) and the related stock power held by the Corporation
pursuant to paragraph 4 above. The Shares as to which the Restriction Period shall have lapsed or
expired and which are represented by such certificate shall be free of the restrictions referred to
in paragraph 2 above and such certificate shall not bear thereafter the legend provided for in
paragraph 4 above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the extent permissible under applicable tax, securities, and other laws, the Corporation
will permit Director to satisfy a tax withholding requirement by directing the Corporation to apply
Shares to which Director is entitled as a result of termination of the Restricted Period with
respect to any Shares of Restricted Stock, in such manner as the Corporation shall choose in its
discretion to satisfy such requirement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U><B>Adjustments for Changes in Capitalization of Corporation.</B></U> In the event of a
change in the Common Stock through stock dividends, stock splits, recapitalization or other changes
in the corporate structure of the Corporation during the Restriction Period, the number of Shares
of Common Stock subject to restrictions as set forth herein shall be appropriately adjusted and the
determination of the Board of Directors of the Corporation as to any such adjustments shall be
final, conclusive and binding upon the Director. Any Shares of Common Stock or other securities
received, as a result of the foregoing, by the Director with respect to Shares subject to the
restrictions contained in paragraph 2 above also shall be subject to such restrictions and the
certificate(s) or other instruments representing or evidencing such Shares or securities shall be
legended and deposited with the Corporation, along with an executed stock power, in the manner
provided in paragraph 4 above.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;<U><B>Effect of Change in Control.</B></U> In the event of a Change in Control (as defined in
the Plan), the restrictions applicable to any Shares awarded hereby shall lapse, and such Shares
shall be free of all restrictions and become fully vested and transferable to the full extent of
the original grant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;<U><B>Plan and Plan Interpretations as Controlling.</B></U> The Shares hereby awarded and the
terms and conditions herein set forth are subject in all respects to the terms and conditions of
the Plan, which are controlling. The Plan provides that the Corporation&#146;s Board of Directors may
from time to time make changes therein, interpret it and establish regulations for the
administration thereof. The Director, by acceptance of this Agreement, agrees to be bound by said
Plan and such Board actions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares may not be issued hereunder, or redelivered, whenever such issuance or redelivery would be
contrary to law or the regulations of any governmental authority having jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties have caused this Restricted Stock Agreement to be duly executed.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">Dated:  <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2007&nbsp;</TD>
    <TD colspan="3" align="left">VIAD CORP<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">PAUL B. DYKSTRA&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
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    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ATTEST:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Vice President &#151; General Counsel<BR>
or Assistant Secretary
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>This Restricted Stock Agreement shall be effective only upon execution by Director and delivery to
and receipt by the Corporation.</B>
</DIV>

<DIV align="center">
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    <TD width="10%">&nbsp;</TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ACCEPTED:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>



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