EXHIBIT 10.07

(INTUIT LOGO) [f96197f9619701.gif]
          PO Box 7850, MS 2550
          Mountain View, CA 94039-7850
By Hand

January 30, 2004

Nicholas Spaeth

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Re: Your Resignation from Intuit

Dear Nick:

    This letter confirms the terms of your separation of employment from Intuit
Inc.   1.   Termination Date. Your resignation will be effective today.   2.  
Acknowledgment of Payment of Wages. We will overnight to your Kansas City
address your final paycheck that includes payment for all accrued wages, salary,
accrued and unused vacation time, reimbursable expenses, and any similar
payments (collectively “Wages”) due and owing to you from Intuit as of midnight
today. By accepting these final payments, you will acknowledge and agree that
Intuit does not owe you any other Wages. You acknowledge and agree that you will
not be entitled to any payment under Intuit’s Performance Incentive Plan (“IPI”)
for the fiscal year ending July 31, 2004 or any period.   3.   Sign-On Bonus
Repayment. In satisfaction of your obligations under the Sign-On Bonus
provisions of your November 12, 2003 offer letter, you will pay Intuit $87,510,
which you have agreed to pay by check today.   4.   One-Time Bonus Repayment. In
satisfaction of your obligations under the One-Time Bonus provisions of your
November 12, 2003 offer letter, you will pay Intuit $229,175, which you have
agreed to pay by check today.   5.   COBRA Continuation Coverage. Your Intuit
provided health coverage will continue through the end of January 2004. If you
are eligible for continued health coverage benefits and timely elect COBRA
continuation, you may continue health coverage pursuant to the terms and
conditions of COBRA at your own expense. Our COBRA administrator will contact
you shortly. All other insured benefit coverage (e.g. life insurance, disability
insurance, etc.) will end today.   6.   Stock Options. Intuit will provide you
with a Stock Closing Statement that confirms that you are not vested in any of
your option shares. Your option for Intuit stock will expire on your termination
date.

 

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7.   Return of Company Property. By signing below, you represent that you have
returned all the Company property and data of any type whatsoever that was in
your possession or control, including all documents and electronic data storage
devices (including CD-ROMs, laptop computers, hard-drives, PDAs, etc).   8.  
Confidential Information, Non-Disclosure Agreement and Trade Secrets. You hereby
acknowledge that as a result of your employment with the Company you have had
access to the Company’s Confidential Information. Without limiting the Invention
Assignment and Confidentiality Agreement you have previously executed, you agree
you will hold all such Confidential Information in strictest confidence and that
you may not make any use of such Confidential Information on behalf of any third
party. You also confirm that you have delivered to the Company all documents and
data of any nature containing or pertaining to such Confidential Information and
that you have not taken with you any such documents or data or any copies
thereof. You further agree that you will comply with your continuing obligations
pursuant to your November 12, 2003 Offer Letter from Intuit, including, without
limitation, the obligations of the non-disclosure agreement you signed at the
time of your hire into Intuit, including, without limitation, your 12 month
Non-Solicitation obligation. You also agree to abide by all applicable laws and
rules prohibiting your using or disclosing any of Intuit’s confidences, trade
secret information and/or any information and documents subject to the
attorney-client privilege and the work product doctrine.

    Sincerely,

    /s/ SHERRY WHITELEY

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Sherry Whiteley
Sr. Vice President of Human Resources
Intuit Inc.

    REVIEWED, UNDERSTOOD AND AGREED:

     
/s/ NICHOLAS SPAETH
  Date: Jan. 30, 2004

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Nicholas Spaeth
   

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