Document:

exv4w2

 

Exhibit 4.2

(FACE OF NOTE)

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY. UNLESS AND UNTIL IT IS
EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN ACCORDANCE WITH THE PROVISIONS
OF THE INDENTURE AND THE TERMS OF THE SECURITIES, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE
DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH
NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO AT&T INC., OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
& CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

AT&T INC.

5.625% Global Notes due June 15, 2016

CUSIP NO. 78387G AL 7

ISIN NO. US78387GAL77

No. R-3

$500,000,000

     AT&T Inc., a corporation duly organized and existing under the laws of the State of Delaware
(herein called “AT&T”, which term includes any successor Person under the Indenture hereinafter
referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the
principal sum of Five Hundred Million Dollars ($500,000,000) on June 15, 2016 (the “Maturity
Date”), and to pay interest on said principal sum from December 15, 2006 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for, semi-annually in
arrears on June 15 and December 15 in each year, commencing on June 15, 2007 (each an “Interest
Payment Date”) and on the Maturity Date, at the interest rate of 5.625% per annum, until the
principal hereof is paid or made available for payment. The interest so payable,

 

 

and punctually paid or duly provided for, on any Interest Payment Date will, as provided in
such Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Notes) is
registered at the close of business on the Regular Record Date for such interest, which shall be
the close of business on June 1 or December 1, as the case may be (each, a “Regular Record Date”),
next preceding such Interest Payment Date. Any such interest not so punctually paid or duly
provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Note (or one or more Predecessor Notes) is
registered at the close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less
than 15 days prior to such Special Record Date, or be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the Notes may be listed,
and upon such notice as may be required by such exchange, all as more fully provided in said
Indenture.

     Any money that AT&T deposits with the Trustee or any Paying Agent for the payment of principal
or any interest on this Note that remains unclaimed for two years after the date upon which the
principal and interest are due and payable, will be repaid to AT&T upon AT&T’s request unless
otherwise required by mandatory provisions of any applicable unclaimed property law. After that
time, unless otherwise required by mandatory provisions of any unclaimed property law, the Holder
of this Note will be able to seek any payment to which such Holder may be entitled to collect only
from AT&T.

     If the Notes are issued in definitive form, payment of the principal and interest on this Note
due at the Maturity Date or upon redemption will be made at the Maturity Date or upon redemption,
as the case may be, upon presentation of this Note, in immediately available funds, at the office
of The Bank of New York, the Paying and Transfer Agent and Registrar for the Notes, currently
located at 101 Barclay Street, New York, New York 10286.

     Payment of interest on this Note due on an Interest Payment Date, other than interest at
maturity or upon redemption, may be paid by check mailed to the address of the Holder entitled
thereto as such address shall appear in the Note register. Notwithstanding the foregoing, (1) the
Depository as Holder of the Notes or (2) a Holder of more than U.S. $5,000,000 in aggregate
principal amount of Notes in definitive form is entitled to require the Paying Agent to make
payments of interest, other than interest due at maturity or upon redemption, by wire transfer of
immediately available funds into an account maintained by the Holder in the United States, by
sending appropriate wire transfer instructions as long as the Paying Agent receives the
instructions not less than ten days prior to the applicable Interest Payment Date.

     Reference is hereby made to the further provisions of this Note set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

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     Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose.

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     IN WITNESS WHEREOF, AT&T INC. has caused this instrument to be signed in its corporate name,
manually or by facsimile, by its duly authorized officers and has caused its corporate seal to be
imprinted hereon.

	 	 	 	 	 	 	 
	Dated: February 6, 2007	 	AT&T INC.	 	 
	 
	 	 	 	 	 	 
	[SEAL]

	 	By:	 	/s/ Richard G. Lindner 	 	 
	 

	 	 	 	 

Richard G. Lindner
	 	 
	 

	 	 	 	Senior Executive Vice President and
Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jonathan P. Klug 	 	 
	 

	 	 	 	 

Jonathan P. Klug
	 	 
	 

	 	 	 	Senior Vice President and
Treasurer	 	 

Trustee’s Certificate of Authentication

This is one of the 5.625% Global Notes of

the series designated herein referred to

in the within-mentioned Indenture.

THE BANK OF NEW YORK, as Trustee

	 	 	 	 	 
	By:
	 	/s/ Mary Lagumina 	 	 
	 

	 	 

Authorized Signatory
	 	 

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REVERSE OF NOTE

     This Note is one of a duly authorized issue of debt securities of AT&T of the series specified
on the face hereof, issued under and pursuant to an Indenture, dated as of November 1, 1994,
between AT&T and The Bank of New York, as Trustee (the “Trustee,” which term includes any successor
Trustee under the Indenture), to which indenture and all indentures supplemental thereto
(collectively, the “Indenture”) reference is hereby made for a description of the rights,
limitations of rights, obligations, duties and immunities thereunder of the Trustee, AT&T and the
Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and
delivered. The Notes will be issued in fully registered form only and in denominations of $2,000
and integral multiples of $1,000.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of AT&T and the rights of the Holders of the Notes
under the Indenture at any time by AT&T and the Trustee with the consent of the Holders of a
majority in principal amount of the Notes at the time outstanding. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount of the Notes at the
time outstanding to waive compliance by AT&T with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder
of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in
lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

     No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of AT&T, which is absolute and unconditional, to pay the principal
of and interest on this Note at the times, place and rate, and in the coin or currency, herein
prescribed.

Registrar and Paying Agent

     AT&T shall maintain in the Borough of Manhattan, The City of New York, an office or agency
where Notes may be surrendered for registration of transfer or exchange (“Registrar”) and an office
or agency where Notes may be presented for payment or for exchange (“Paying Agent”). AT&T has
initially appointed the Trustee, The Bank of New York, as its Registrar and Paying Agent. AT&T may
vary or terminate the appointment of any of its paying or transfer agencies, and may appoint
additional paying or transfer agencies.

Optional Redemption by AT&T

     The Notes will be redeemable, as a whole or in part, at AT&T’s option, at any time, on at
least 30 days’, but not more than 60 days’, prior notice mailed to the registered address of each
Holder of the Notes. The redemption price will be equal to the greater of (1) 100% of the

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principal amount of the Notes to be redeemed or (2) the sum of the present values of the Remaining
Scheduled Payments (as defined below) discounted to the redemption date, on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months), at a rate equal
to the sum of the Treasury Rate (as defined below) and 20 basis points. In either case,
accrued interest will be payable to the redemption date.

     “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the
semiannual equivalent yield to maturity or interpolation (on a day count basis) of the interpolated
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for such redemption
date.

     “Comparable Treasury Issue” means the United States Treasury security or securities selected
by an Independent Investment Banker as having an actual or interpolated maturity comparable to the
remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of
a comparable maturity to the remaining term of such Notes.

     “Independent Investment Banker” means one of the Reference Treasury Dealers, appointed by the
Trustee after consultation with AT&T.

     “Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the
Reference Treasury Dealer Quotations for such redemption date after excluding the highest and
lowest of such Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than three
such Reference Treasury Dealer Quotations, the average of all such quotations.

     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any redemption date, the average, as determined by the Trustee, of the bid and asked prices for
the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City
time, on the third Business Day preceding such redemption date.

     “Reference Treasury Dealer” means Banc of America Securities LLC and its respective
affiliates, all of which are primary U.S. Government securities dealers, and their respective
successors and, at the option of AT&T, other nationally recognized investment banking firms that
are primary U.S. Government securities dealers. If the foregoing or its affiliates shall cease to
be a primary U.S. Government securities dealer in The City of New York (a “Primary Treasury
Dealer”), AT&T shall substitute therefore another Primary Treasury Dealer.

     “Remaining Scheduled Payments” means, with respect to each Note to be redeemed, the remaining
scheduled payments of principal of and interest on the Note that would be due after the related
redemption date but for the redemption. If that redemption date is not an interest payment date
with respect to a Note, the amount of the next succeeding scheduled interest payment on the Note
will be reduced by the amount of interest accrued on the Note to the redemption date.

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     On and after the redemption date, interest will cease to accrue on the Notes or any portion of
the Notes called for redemption, unless AT&T defaults in the payment of the redemption price
and accrued interest. On or before the redemption date, AT&T will deposit with a Paying Agent
or the Trustee money sufficient to pay the redemption price of and accrued interest on the Notes to
be redeemed on that date. If less than all of the Notes of any series are to be redeemed, the
Notes to be redeemed shall be selected by the Trustee by lot or by such other method as the Trustee
in its sole discretion deems to be fair and appropriate.

Payment of Additional Amounts

     AT&T will, subject to certain exceptions and limitations set forth below, pay as additional
interest on the Notes such additional amounts (“Additional Amounts”) as are necessary so that the
net payment by AT&T or a Paying Agent of the principal of and interest on this Note to a person
that is a United States Alien Holder, after deduction for any present or future tax, assessment or
governmental charge of the United States or a political subdivision or taxing authority thereof or
therein, imposed by withholding with respect to the payment, will not be less than the amount that
would have been payable in respect of the Notes had no withholding or deduction been required;
provided, however, that the foregoing obligation to pay additional amounts shall not apply:

     (1) to any tax, assessment or governmental charge that is imposed or withheld solely
because the beneficial owner, or a fiduciary, settlor, beneficiary or member of the
beneficial owner if the beneficial owner is an estate, trust or partnership, or a person
holding a power over an estate or trust administered by a fiduciary holder:

     (a) is or was present or engaged in trade or business in the United States or
has or had a permanent establishment in the United States;

     (b) is or was a citizen or resident or is or was treated as a resident of the
United States;

     (c) is or was a foreign or domestic personal holding company, a passive foreign
investment company or a controlled foreign corporation with respect to the United
States or is or was a corporation that has accumulated earnings to avoid United
States federal income tax; or

     (d) is or was a “10-percent shareholder” of AT&T;

     (2) to any Holder that is not the sole beneficial owner of the Notes, or a portion
thereof, or that is a fiduciary or partnership, but only to the extent that the beneficial
owner, a beneficiary or settlor with respect to the fiduciary, or a member of the
partnership would not have been entitled to the payment of an additional amount had such
beneficial owner, beneficiary, settlor or member received directly its beneficial or
distributive share of the payment;

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     (3) to any tax, assessment or governmental charge that is imposed or withheld solely
because the beneficial owner or any other person failed to comply with
certification, identification or information reporting requirements concerning the
nationality, residence, identity or connection with the United States of the Holder or
beneficial owner of the Notes, if compliance is required by statute, by regulation of the
United States Treasury Department or by an applicable income tax treaty to which the United
States is a party as a precondition to exemption from such tax, assessment or other
governmental charge;

     (4) to any tax, assessment or governmental charge that is imposed other than by
deduction or withholding by AT&T or a Paying Agent from the payment;

     (5) to any tax, assessment or governmental charge that is imposed or withheld solely
because of a change in law, regulation, or administrative or judicial interpretation that
becomes effective after the day on which the payment becomes due or is duly provided for,
whichever occurs later;

     (6) to an estate, inheritance, gift, sales, excise, transfer, wealth or personal
property tax or any similar tax, assessment or governmental charge;

     (7) to any tax, assessment or other governmental charge any paying agent (which term
may include us) must withhold from any payment of principal of or interest on any note, if
such payment can be made without such withholding by any other paying agent; or

     (8) in the case of any combination of the above items.

Except as specifically provided herein, AT&T shall not be required to make any payment with respect
to any tax, assessment or governmental charge imposed by any government or a political subdivision
or taxing authority thereof or therein.

     “United States Alien Holder” means (a) a nonresident alien individual, (b) a foreign
corporation, (c) a foreign partnership or (d) an estate or trust that in either case is not subject
to United States federal income tax on a net income basis or income or gain from a Note.

Redemption Upon a Tax Event

     If (a) AT&T becomes or will become obligated to pay Additional Amounts as a result of any
change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) of the
United States (or any political subdivision or taxing authority thereof or therein), or any change
in, or amendment to, any official position regarding the application or interpretation of such
laws, regulations or rulings, which change or amendment is announced or becomes effective on or
after August 18, 2004, or (b) a taxing authority of the United States takes an action on or after
August 18, 2004, whether or not with respect to AT&T or any of its affiliates, that results in a
substantial probability that AT&T will or may be required to pay such Additional

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Amounts, then AT&T
may, at its option, redeem, as a whole, but not in part, the Notes on any interest payment date on
not less than 30 nor more than 60 calendar days’ prior notice, at a
redemption price equal to 100% of their principal amount, together with interest accrued
thereon to the date fixed for redemption. However, AT&T may determine, in its business judgment,
that the obligation to pay these Additional Amounts cannot be avoided by the use of reasonable
measures available to it, not including substitution of the obligor under the Notes. No redemption
pursuant to (b) above may be made unless AT&T shall have received an opinion of independent counsel
to the effect that an act taken by a taxing authority of the United States results in a substantial
probability that AT&T will or may be required to pay the Additional Amounts and AT&T shall have
delivered to the Trustee a certificate, signed by a duly authorized officer stating, that based on
such opinion, AT&T is entitled to redeem the Notes pursuant to their terms.

     Further Issues

     AT&T reserves the right from time to time, without notice to or the consent of the Holders of
the Notes, to create and issue further notes ranking equally and ratably with the Notes in all
respects, or in all respects except for the payment of interest accruing prior to the issue date or
except for the first payment of interest following the issue date of those further notes. Any
further notes will have the same terms as to status, redemption or otherwise as the Notes. Any
further notes shall be issued pursuant to a resolution of the board of directors of AT&T, a
supplement to the Indenture, or under an officers’ certificate pursuant to the Indenture.

     Notes in Definitive Form

     If (1) an Event of Default has occurred with regard to the Notes represented by this Note and
has not been cured or waived in accordance with the Indenture, or (2) the Depository is at any time
unwilling or unable to continue as depository and a successor depository is not appointed by AT&T
within 90 days, AT&T may issue notes in definitive form in exchange for this Note. In either
instance, an owner of a beneficial interest in the Notes will be entitled to the physical delivery
in definitive form in exchange for this Note, equal in principal amount to such beneficial interest
and to have such Notes registered in its name.

     Notes so issued in definitive form will be issued as registered notes in minimum denominations
of $2,000 and integral multiples of $1,000, unless otherwise specified by AT&T.

     Notes so issued in definitive form may be transferred by presentation for registration to the
Registrar at its New York office and must be duly endorsed by the Holder or the Holder’s attorney
duly authorized in writing, or accompanied by a written instrument or instruments of transfer in
form satisfactory to AT&T or the Trustee duly executed by the Holder or his attorney duly
authorized in writing.

     AT&T may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection with any exchange or registration of transfer of definitive
Notes.

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     Default

     In case an Event of Default, as defined in the Indenture, shall have occurred and be
continuing, the principal hereof may be declared, and upon such declaration shall become, due and
payable, in the manner, with the effect and subject to the conditions provided in the Indenture.

     Miscellaneous

     For purposes of the Notes, a Business Day means a Business Day in The City of New York and
London.

     No director, officer, employee or stockholder, as such, of AT&T shall have any liability for
any obligations of AT&T under this Note, the Indenture or for any claim based on, in respect of or
by reason of such obligations or their creation. Each Holder by accepting this Note waives and
releases all such liability. The waiver and release are part of the consideration for the issue of
this Note.

     The Notes are the unsecured and unsubordinated obligations of AT&T and will rank pari
passu with all other evidences of indebtedness issued in accordance with the Indenture.

     Notices to Holders of the Notes will be published in authorized newspapers in The City of New
York and in London. AT&T is deemed to have given the notice on the date of each publication or, if
published more than once, on the date of the first publication.

     Prior to due presentment of this Note for registration of transfer, AT&T, the Trustee and any
agent of AT&T or the Trustee may treat the Person in whose name this Note is registered as the
owner hereof for all purposes, whether or not this Note be overdue, and neither AT&T, the Trustee
nor any such agent shall be affected by notice to the contrary.

     All terms used in this Note which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 

     The Indenture and this Note shall be governed by and construed in accordance with the laws of
the State of New York.

10exv10w01

 

Exhibit 10.01

     PO Box 7850

     Mountain View, CA 94039-7850

VIA HAND DELIVERY

November 29, 2006

Jeffrey Stiefler

          Re:      Intuit Employment Offer Letter

Dear Jeff,

On behalf of the Intuit team, it is with great pleasure that I extend to you this formal offer of
employment to join Intuit as Senior Vice President (Financial Institutions Business Division
President) effective upon the closing of Intuit’s acquisition of Digital Insight Corporation (the
“Company”). (Generally, this is referred to herein as the “Transaction”.) In this new role, you
will report to the Chief Executive Officer of Intuit. We are excited about the new opportunities
ahead and look forward to having you join our team.

The following is a summary of the terms and conditions of this offer, which is contingent upon the
closing of the Transaction. The terms described herein will apply to your future employment with
Intuit.

START DATE

Your start date will be the date on which Intuit’s acquisition of the Company closes (the “Closing
Date”).

BASE COMPENSATION

Your starting annual salary will be $600,000 USD (less applicable withholdings) payable in
bi-weekly installments in accordance with Intuit’s standard payroll practices, pending your
continued employment.

INCENTIVE CASH COMPENSATION

As a regular Intuit employee, you will be eligible to participate in Intuit’s Performance Incentive
Plan (“IPI”), a cash incentive compensation program. Your target percentage under the IPI for
Intuit’s 2007 fiscal year ending July 31, 2007 will be 75% of your base salary. Your IPI award
will be tied to the achievements of Intuit and your individual performance. The actual amount of
your IPI award, if any, will be determined in accordance with the terms and conditions outlined in
the IPI plan document. Payouts under the IPI are made to eligible individuals who are employed by
Intuit at the time of the payout. Any IPI bonus payable to you for the 2007 fiscal year will be
prorated based on your period of service with Intuit during this fiscal year.

 

 

INTUIT EQUITY COMPENSATION

Stock Options

Subject to approval by Intuit’s Compensation and Organization Development Committee or its
designee, you will be granted an option (the “Option”) to purchase 100,000 shares of Intuit’s
common stock (the “Option Shares”). The Option will be granted to you in the month following the
Closing Date — Intuit generally grants stock options to its newly hired employees on the seventh
business day of the month following the employee’s start date. Your Option and the issuance of the
underlying Option Shares will be subject to the terms and conditions of your Stock Option Agreement
and the Intuit Inc. 2005 Equity Incentive Plan. Provided you remain continuously employed by
Intuit, the Option will become vested as to 100% of the Option Shares on the second
(2nd) anniversary of the Closing Date. Notwithstanding the foregoing, if (i) your
employment is terminated by Intuit without “Cause” or you terminate your employment with Intuit by
reason of “Involuntary Termination” (both as defined below), in either case, within twelve (12)
months following the Closing Date and (ii) you deliver to Intuit a signed settlement agreement and
general release in the form attached hereto as Exhibit A (the “Release”) and satisfy all
conditions to make the Release effective, then such number of Option Shares equal to (x) 1/24 of
the total number of Option Shares multiplied by (y) the number of full months since the Closing
Date that you remained continuously employed by Intuit prior to your date of employment termination
shall immediately vest.

Restricted Stock Units

Subject to approval by Intuit’s Compensation and Organization Development Committee or its
designee, you will be granted 100,000 restricted stock units (referred to as “Stock Units” or
“SUs”). These Stock Units will be granted to you in the month following the Closing Date — and, as
is the case with stock options, Intuit generally grants Stock Units to its newly hired employees on
the seventh business day of the month following the employee’s start date. Your Stock Units and
the issuance of the underlying Intuit Common Stock will be subject to the terms and conditions of
your Stock Unit Agreement and the Intuit Inc. 2005 Equity Incentive Plan. Intuit shall issue to
you the shares underlying a Stock Unit within ninety (90) days following the date on which such
Stock Unit vests.

The Stock Units will be subject to performance-based vesting as follows: you will vest in all of
your Stock Units on the thirty (30) month anniversary of the Closing Date if (a) Intuit has
determined in its sole discretion that on or before the thirty (30) month anniversary of the
Closing Date you have satisfied the performance goals established by Intuit and communicated to and
agreed upon by you prior to the first (1st) anniversary of the Closing Date and (b) you remain
continuously employed by Intuit through the thirty (30) month anniversary of the Closing Date.
Notwithstanding the foregoing, if (i) your employment is terminated by Intuit without Cause or you
terminate your employment with Intuit by reason of Involuntary Termination (both as defined below)
and (ii) you deliver to Intuit the Release and satisfy all conditions to make the Release
effective, then such number of SUs equal to (x) 1/30 of the total number of SUs multiplied by (y)
the number of full months since the Closing Date that you remained continuously employed by Intuit
prior to your date of employment termination shall immediately vest.

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DEFINITIONS

“Cause” means: (i) gross negligence or willful misconduct in the performance of your duties to
Intuit (other than as a result of a disability) that has resulted or is likely to result in
substantial and material damage to Intuit, after a demand for substantial performance is delivered
to you by Intuit, which specifically identifies the manner in which you have not substantially
performed your duties and you have been provided with a reasonable opportunity to cure any alleged
gross negligence or willful misconduct; (ii) commission of any act of fraud with respect to Intuit;
or (iii) conviction of, or, plea of nolo contendre to, a felony or a crime involving moral
turpitude causing material harm to the business and affairs of Intuit. No act or failure to act by
you shall be considered “willful” if done or omitted by you in good faith with reasonable belief
that your action or omission was in the best interests of Intuit.

“Involuntary Termination” means the termination of your employment with Intuit, without Cause, on
account of your resignation within sixty (60) days after the occurrence any of the following events
without your consent: (i) a material reduction in your duties that is inconsistent with your
position with Intuit immediately following the Closing Date; (ii) any reduction in your base
annual salary or target annual bonus (other than in connection with a general decrease in the
salary or target bonuses for all officers of Intuit); or (iii) a requirement by Intuit that you
relocate your principal office to a facility more than fifty (50) miles from your principal office
on the Closing Date; provided however, that with regard to (i) through (iii) you must provide
Intuit with written notice of its obligations hereunder and reasonable opportunity to cure.

SATISFACTION
OF COMPANY CHANGE IN CONTROL AND SEVERANCE RIGHTS

The parties hereto acknowledge and agree that you are entitled to (a) 100% accelerated vesting or
exercisability with respect to each stock option, restricted share award or other equity award
granted to you by the Company prior to the date hereof as listed on the attached Exhibit B
(the “Company Acceleration”) and (b) $1,777,661 (the “Company Severance”); provided that in both
cases you deliver to Intuit a signed release relating to your prior employment with the Company
(the “Prior Employment Release”), in the form attached hereto as Exhibit C, and satisfy all
conditions to make the Prior Employment Release effective. The Company Acceleration will occur on
the Closing Date. You will have no right to accelerated vesting or exercisability with respect to
any other stock option, restricted share award or other equity award that was granted by the
Company or that is granted by Intuit. The Company Severance will be payable in a lump sum
immediately prior to the Closing Date subject to the Prior Employment Release being effective. You
will have no further right to any further cash payments or other termination benefits from the
Company or Intuit, and Intuit and the Company shall have no further obligations with respect to the
Company Acceleration or the Company Severance or any other severance except as described in this
agreement.

By signing below, you expressly acknowledge and agree that neither the consummation of the
Transaction, nor any stockholder approval of the Transaction, nor your employment with Intuit
pursuant to the terms of this offer letter shall constitute or provide grounds for, as applicable,
a termination without “cause” or your resignation for “good reason” as set forth in any agreement
between you and the Company or any other grounds for termination as set forth in any agreement
between you and the Company.

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OUTPLACEMENT SERVICES FROM INTUIT

If your employment is terminated by Intuit without Cause or you terminate your employment with
Intuit by reason of Involuntary Termination (both as defined above), then, in addition to the pro
rata entitlement to vesting of the Option Shares and the SUs as described above, you shall be
entitled to professional outplacement services for a period of up to three (3) months after the
date of your employment termination.

401(K)

Intuit has a comprehensive benefits package that includes the Intuit Inc. 401(k) Plan. Intuit will
automatically withhold four percent (4%) from your wages each payroll period beginning with the
first payroll period following thirty (30) days after your start date and remit it as a salary
deferral contribution to the 401(k) Plan. These funds will automatically be invested in an
appropriate Fidelity Freedom Fund. Of course, you may elect at any time, to contribute more or less
of your wages—or not at all—to the 401(k) Plan. In addition, you are encouraged to select the
investment funds that meet your personal financial objectives. At New Hire Orientation, you will
receive more information about the entire Intuit benefits package, including how to opt-out
entirely from participation in the 401(k) Plan and how to change your investment funds or deferral
percentage of participation. By signing below, you agree to this withholding from your wages until
you take express action otherwise.

PERFORMANCE/SALARY REVIEWS

Performance and salary reviews are conducted at least once per fiscal year in August.

BACKGROUND CHECK

This offer, and your employment, is contingent on Intuit’s verification of background information,
even if you should begin employment before completion of Intuit’s background check.

EMPLOYEE INVENTION ASSIGNMENT AND CONFIDENTIALTY AGREEMENT

You will execute and abide by Intuit’s Digital Insight Key Executive Employee Invention Assignment
and Confidentiality Agreement, attached hereto as Exhibit D, as a condition of employment.

NON-COMPETITION AGREEMENT

You will execute and abide by the Non-Competition Agreement, attached hereto as Exhibit E,
as a condition of employment and in consideration of the substantial payment you will receive upon
Intuit’s purchase of your stock interest in the Company.

WORK AUTHORIZATION

Federal law requires Intuit to document an employee’s authorization to work in the United States.
To comply, Intuit must have a completed Form I-9 for you within three business days of your start
date. You agree to provide Intuit with documentation required by the Form I-9 to confirm you are
authorized to work in the United States. You understand and agree that if you do not comply with
this requirement by close of business on the third business day following your start date, you will
be placed on unpaid leave for up to five days to comply. You further understand and agree that
failure to provide the necessary documentation by the end of the leave of absence period will
result in termination of employment.

4

 

BRIDGING OF BENEFITS

Consistent with our Benefits Bridging Policy, Intuit will bridge the following benefits: vacation
accrual and 401(k) employer match vesting schedule. Your service with the Company prior to the
Closing Date will be counted as service for purposes of these benefits.

PAID VACATION

You will accrue vacation in accordance with Intuit’s vacation policy; provided, however, that as of
your first day of employment with Intuit, you will be deemed to have accrued 10 days of vacation
time.

SICK DAYS

You will be granted 40 hours each calendar year to be used in the event of your illness in
accordance with Intuit’s Sick Leave Policy. Your sick leave will accrue at the rate of 1.54 hours
per pay period (bi-weekly); provided, however, that as of your first day of employment with Intuit,
you will be deemed to have accrued 5 days of sick leave time.

INSURANCE

You will be eligible for group health insurance (which includes medical, dental and vision),
effective as of the Closing Date.

TERMS AND CONDITIONS

This offer and your employment are subject to certain terms and conditions that are outlined below.
You agree that there were no promises or commitments made to you regarding your employment with
Intuit except as set forth in this letter.

This letter confirms our understanding that you are not subject to any employment agreement that
would preclude Intuit from offering this position to you or preclude you from joining Intuit in the
position described above. This also confirms that you will not be asked to disclose to Intuit any
secrets or proprietary information from your prior places of employment (excluding the Company).

In accepting this offer, you agree that your employment at Intuit is at the mutual consent of you
and Intuit, and is at-will in nature and can be terminated at anytime for any reason or no reason
by yourself or by Intuit. This at-will employment relationship can only be modified in a writing
signed by Intuit’s Senior Vice President of Human Resources.

All amounts payable pursuant to this agreement shall be subject to any required withholding of
taxes and shall be paid without interest.

Except as provided for herein, this agreement supersedes and replaces (i) any prior oral or written
agreements between you and Intuit and (ii) any prior oral or written agreements between you, Intuit
or the Company relating to the subject matter hereof, including, but not limited to, any and all
prior employment or compensation related agreements, excluding the following:

     (a) the Company’s stock option plans and awards and agreements granted pursuant to such plans,
except as modified in this agreement;

5

 

     (b) any indemnification agreement(s) between you and the Company in effect immediately prior
to the Closing Date; and

     (c) your Section 280G of the Code and Section 4999 of the Code gross-up rights under the
Digital Insight Corporation Change in Control Severance Plan, which for this purpose will cover all
payments by the Company or Intuit; provided, however that this shall only apply if (i) it is
determined by Intuit that you are in receipt of an excess parachute payment (as defined in Section
280G of the Code), or (ii) it is determined by Intuit that you are not in receipt of an excess
parachute payment, but subsequently (x) you provide notice to Intuit in writing of any claim by the
Internal Revenue Service that you are in receipt of an excess parachute payment or (y) Intuit
receives notice from the Internal Revenue Service that it has paid to you an excess parachute
payment, and, in either case, it is determined that you are required to pay an excise tax on such
excess parachute payment. If Intuit determines to contest a claim by the Internal Revenue Service
as to your receipt of an excess parachute payment then you shall:

     (i) give Intuit any information reasonably requested by Intuit relating to such claim;

     (ii) take such action in connection with contesting such claim as Intuit shall reasonably
request in writing from time to time, including, without limitation, accepting legal representation
with respect to such claim by an attorney reasonably selected by Intuit; and

     (iii) permit Intuit to participate in any proceedings relating to such claim;

provided, however, that Intuit shall bear and pay all costs and expenses (including additional
interest and penalties) incurred in connection with such contest. Without limiting the foregoing
provisions, Intuit shall control all proceedings taken in connection with such contest. In
addition, irrespective of whether Intuit contests the claim, Intuit shall indemnify you and hold
you harmless from, on an after-tax basis, any excise tax or income tax (including interest and
penalties with respect thereto) and payment of all related costs and expenses.

Upon the Closing Date, this agreement; Intuit’s Digital Insight Key Executive Employee Invention
Assignment and Confidentiality Agreement and the Non-Competition Agreement will be the entire
agreement relating to your employment with the Intuit. In addition, any
confidential/proprietary/trade secrets information and inventions agreement(s) between you and
Company, or any predecessor thereto, will remain in effect as it pertains to subject matters
existing prior to the Closing Date.

In this letter your employer is referred to as Intuit, however, you may be employed by Intuit
itself or one of its subsidiaries. Whether or not you are employed by Intuit or one of its
subsidiaries, the reporting structure, salary, bonus, option and benefit terms discussed in this
letter will apply.

This agreement will be construed and interpreted in accordance with the laws of the State of
California. Each of the provisions of this agreement is severable from the others, and if any
provision hereof will be to any extent unenforceable, it and the other provisions will continue to

6

 

be enforceable to the full extent allowable, as if such offending provision had not been part of
this agreement.

Please review these terms to make sure they are consistent with your understanding. If so, please
sign and date both copies of this letter. The original of this letter is for your records. Please
return the copy to Jim Grenier, Vice President, Human Resources – Rewards & Workforce Solutions, at
2600 Casey Avenue, Mountain View, CA 94043.

[Signature Page to Offer Letter Follows]

7

 

If you have any questions about this offer, please contact Jim at (650) 944-3216.

We look forward to you joining the Intuit team.

Sincerely,

/s/ STEPHEN M. BENNETT

Steve M. Bennett

President & Chief Executive Officer

	 	 	 	 	 	 	 
	Accepted:

	 	/s/ JEFF STIEFLER
	 	 	 	Date:11/30/06
	 

	 	 	 	 	 	 
	Name:

	 	Jeff Stiefler	 	 	 	 

[Signature Page to Offer Letter]

 

 

Exhibit A

Release 

(For Use If Employee Is 40 Or Over At Time Of Termination)

     PO Box 7850, MS 2550

     Mountain View, CA 94039-7850

DATE

EMPLOYEE NAME

ADDRESS

ADDRESS

Re: Separation Terms and General Release Agreement

Dear NAME:

This letter confirms the terms of your separation from the employment of Intuit Inc. and
consideration in exchange for your waiver and general release of claims in favor of Intuit Inc. and
its officers, directors, employees, agents, representatives, subsidiaries, divisions, affiliated
companies, successors, and assigns (collectively, the “Company” or “Intuit”).

	 	1.	 	Termination Date. Your employment with the Company will end effective
                    , ___(the “Termination Date”). Between now and the Termination Date, you
should assist with any transition-related activities as directed by your manager.
	 
	 	2.	 	Acknowledgment of Payment of Wages. On or before execution of this release, we
delivered to you a final paycheck that includes payment for all accrued wages, salary,
accrued and unused vacation time, reimbursable expenses, and any similar payments due and
owing to you from the Company as of the Termination Date (collectively referred to as
“Wages”). You are entitled to these Wages regardless of whether you sign this Separation
Terms and General Release Agreement (the “Agreement”).
	 
	 	3.	 	Consideration For Release. In consideration of the waiver and release of
claims set forth in Paragraphs 8 and 9 below, and in exchange for your signing this
Agreement, the Company agrees to provide you with the acceleration of the vesting (the
“Acceleration”) of your Option Shares and Stock Units, each as defined and set forth in the
Intuit Employment Offer Letter between you and Intuit, dated November 29, 2006 (the “Intuit
Offer Letter”). The Acceleration is in addition to any amounts owed to you by the Company.
You acknowledge and agree that you are not otherwise entitled to receive such Acceleration.
You understand that if you do not sign the Agreement, or if you revoke the signed Agreement
as described in Paragraph 20 below, the Company has no obligation to provide you with the
Acceleration.
	 
	 	4.	 	COBRA Continuation Coverage. Your Company provided health coverage will end on
your Termination Date. If you are eligible for, 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 after your Termination Date. Any questions
regarding your right to COBRA should be directed to Intuit’s COBRA Administrator at
1-866-INTUBEN (1-866-468-8236). All other insured benefit coverage (e.g., life insurance,
disability insurance) will also end on your Termination Date.
	 
	 	5.	 	Stock Options. The Company will provide you with a Stock Closing Statement (as
part of the Exit Interview Employee Declaration) and an Intuit Employee Stock Option
Information memorandum that contains important information regarding the number of shares
that may be exercisable under any options you have to purchase Intuit stock, and the final
date on which you may exercise these options. Please read these documents carefully as
there are no extensions to the expiration date of the options. Please contact
StockOptions@intuit.com if you need more information on your options.
	 
	 	6.	 	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.
	 
	 	7.	 	Confidential Information. You hereby acknowledge that as a result of your
employment with the Company you have had access to the Company’s confidential information.
You acknowledge your continuing obligations under the Invention Assignment and
Confidentiality Agreement you have previously executed, and you agree you will hold all
such confidential information in strictest confidence and that you may not make any use of
such confidential information. You further 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.
	 
	 	8.	 	General Release and Waiver of Claims.

	 	a.	 	The payments and agreements set forth in this Agreement fully satisfy
any and all accrued salary, vacation pay, bonus and commission pay, stock-based
compensation, profit sharing, termination benefits or other compensation to which
you may be entitled by virtue of your employment with the Company or your
termination of employment. You acknowledge that you have no claims and have not
filed any claims against the Company based on your employment with or the
separation of your employment with the Company.
	 
	 	b.	 	To the fullest extent permitted by law, you hereby release and forever
discharge the Company, its successors, subsidiaries and affiliates, directors,
shareholders, current and former officers, agents and employees (all of whom are
collectively referred to as “Releasees”) from any and all existing claims, demands,
causes of action, damages and liabilities, known or unknown, that you ever had, now
have or may claim to have had arising out of or relating in any way to your
employment or separation from employment with the Company including, without
limitation, claims based on any oral, written or implied employment agreement,
claims for wages, bonuses, commissions, stock-based compensation, expense
reimbursement, and any claims that the terms of your employment with the Company,
or the circumstances of your separation, were wrongful, in breach of any obligation
of the Company or in violation of any of your rights, contractual, statutory or
otherwise. Each of the Releasees is intended to be a third party beneficiary of
the General Release and Waiver of Claims set forth in this Paragraph 8.

	 	i.	 	Release of Statutory and Common Law Claims.
Such rights include, but are not limited to, your rights under the
following federal and state statutes: the Employee Retirement Income
Security Act (ERISA) (regarding employee

 

 

	 	 	 	benefits); the Occupational Safety and Health Act (safety matters); the
Family and Medical Leave Act of 1993; the Worker Adjustment and Retraining
Act (“WARN”) (notification requirements for employers who are curtailing or
closing an operation) and common law; tort; wrongful discharge; public
policy; workers’ compensation retaliation; tortious interference with
contractual relations, misrepresentation, fraud, loss of consortium;
slander, libel, defamation, intentional or negligent infliction of emotional
distress; claims for wages, bonuses, commissions, stock-based compensation
or fringe benefits; vacation pay; sick pay; insurance reimbursement, medical
expenses, and the like.
	 
	 	ii.	 	Release of Discrimination Claims. You
understand that various federal, state and local laws prohibit age, sex,
race, disability, benefits, pension, health and other forms of
discrimination, harassment and retaliation, and that these laws can be
enforced through the U.S. Equal Employment Opportunity Commission, the
National Labor Relations Board, the Department of Labor, and similar
state and local agencies and federal and state courts. You understand
that if you believe your treatment by the Company violated any laws, you
have the right to consult with these agencies and to file a charge with
them. Instead, you have decided voluntarily to enter into this
Agreement, release the claims and waive the right to recover any amounts
to which you may have been entitled under such laws, including but not
limited to, any claims you may have based on age or under the Age
Discrimination in Employment Act of 1967 (ADEA; 29 U.S.C. Section 621 et.
seq.) (age); the Older Workers Benefit Protection Act (“OWBPA”) (age);
Title VII of the Civil Rights Act of 1964 (race, color, religion,
national origin or sex); the 1991 Civil Rights Act; the Vocational
Rehabilitation Act of 1973 (disability); The Americans with Disabilities
Act of 1990 (disability); 42 U.S.C. Section 1981, 1986 and 1988 (race);
the Equal Pay Act of 1963 (prohibits pay differentials based on sex); the
Immigration Reform and Control Act of 1986; Executive Order 11246 (race,
color, religion, sex or national origin); Executive Order 11141 (age);
Vietnam Era Veterans Readjustment Assistance Act of 1974 (Vietnam era
veterans and disabled veterans); and California state statutes and local
laws of similar effect.

	 	c.	 	Releasees and you do not intend to release claims (i) which you may not
release as a matter of law (including, but not limited to, indemnification claims
under applicable law); (ii) for unemployment, state disability and/or paid family
leave insurance benefits pursuant to the terms of applicable state law; (iii) for
any benefit entitlements that are vested as of the Termination Date pursuant to the
terms of a Company-sponsored benefit plan governed by the federal law known as
“ERISA”, other than the Digital Insight Corporation Change in Control Severance
Plan; (iv) for vested stock and/or vested option shares pursuant to the written
terms and conditions of your existing stock and stock option grants and agreements
existing as of the Termination Date; (v) for outplacement services as provided in
the Intuit Offer Letter and (vi) to enforce the Company’s 280G gross-up obligations
as described in the Intuit Offer Letter. To the fullest extent permitted by law,
any dispute regarding the scope of this general release shall be determined by an
arbitrator under the procedures set forth in paragraph 13.

	 	9.	 	Waiver of Unknown Claims. You expressly waive any benefits of Section 1542 of
the Civil Code of the State of California (and any other laws of similar effect), which
provides:

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS FAVOR AT THE TIME OF

 

 

EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH
THE DEBTOR.”

	 	10.	 	Covenant Not to Sue.

	 	a.	 	To the fullest extent permitted by law, you agree that you will not now
or at any time in the future pursue any charge, claim, or action of any kind,
nature and character whatsoever against any of the Releasees, or cause or knowingly
permit any such charge, claim or action to be pursued, in any federal, state or
municipal court, administrative agency, arbitral forum, or other tribunal, arising
out of any of the matters covered by paragraphs 8 and 9 above.
	 
	 	b.	 	You further agree that you will not pursue, join, participate,
encourage, or directly or indirectly assist in the pursuit of any legal claims
against the Releasees, whether the claims are brought on your own behalf or on
behalf of any other person or entity.
	 
	 	c.	 	Nothing in this paragraph shall prohibit you from: (1) providing
truthful testimony in response to a subpoena or other compulsory legal process,
and/or (2) filing a charge or complaint with a government agency such as the Equal
Employment Opportunity Commission, the National Labor Relations Board or applicable
state anti-discrimination agency.

	 	11.	 	Non-disparagement, Neutral Reference. You agree that you will not make any
statement, written or oral, or engage in any conduct that is or could reasonably be
construed to be disparaging of the Company or its products, services, agents,
representatives, directors, officers, shareholders, attorneys, employees, vendors,
affiliates, successors or assigns, or any person acting by, through, under or in concert
with any of them. The Company agrees that the Company’s Chief Executive Officer and Senior
Vice President, Human Resources and your direct manager shall not disparage or make any
untrue statements about you. In addition, you agree to direct any request for job
reference/verification to Intuit Human Resources at 1-800- 819-1620. In accordance with
Company policy, in response to a request for job reference/verification of employment, the
Company agrees to verify only your job title and dates of employment. Nothing in this
paragraph shall prohibit either party from providing truthful testimony in response to a
subpoena or other compulsory legal process.
	 
	 	12.	 	Legal and Equitable Remedies. You and the Company agree that either party
shall have the right to enforce this Agreement and any of its provisions by injunction,
specific performance or other equitable relief without prejudice to any other rights or
remedies that either party may have at law or in equity for breach of this Agreement.
	 
	 	13.	 	Arbitration of Disputes. Except for claims for injunctive relief arising out
of a breach of the Invention Assignment & Confidentiality Agreement, you and the Company
agree to submit to mandatory binding arbitration any future disputes between you and the
Company, including any claim arising out of or relating to this Agreement. By signing
below, you and the Company waive any rights you and the Company may have to trial by jury
of any such claims. You agree that the American Arbitration Association will administer any
such arbitration(s) under its National Rules for the Resolution of Employment Disputes,
with administrative and arbitrator’s fees to be borne by the Company. The arbitrator shall
issue a written arbitration decision stating his or her essential findings and conclusions
upon which the award is based. A party’s right to review of the decision is limited to the
grounds provided under applicable law. The parties agree that the arbitration award shall
be enforceable in any court having jurisdiction to enforce this

 

 

	 	 	 	Agreement. This Agreement does not extend or waive any statutes of limitations or other
provisions of law that specify the time within which a claim must be brought.
Notwithstanding the foregoing, each party retains the right to seek preliminary injunctive
relief in a court of competent jurisdiction to preserve the status quo or prevent
irreparable injury before a matter can be heard in arbitration.
	 
	 	14.	 	Attorneys’ Fees. If any legal action arises or is brought to enforce the terms
of this Agreement, the prevailing party shall be entitled to recover its reasonable
attorneys’ fees, costs and expenses from the other party, in addition to any other relief
to which such prevailing party may be entitled, except where the law provides otherwise.
The costs and expenses that may be recovered exclude arbitration fees pursuant to paragraph
13 above.
	 
	 	15.	 	Confidentiality Provision. You agree to keep the contents, terms and
conditions of this Agreement confidential and not disclose them except to your spouse or
domestic partner, attorneys, accountant or as required by subpoena or court order.
	 
	 	16.	 	Materiality of Breach. Any breach of the provisions contained in paragraphs 7
through 11 and/or 15 will be deemed a material breach of this Agreement.
	 
	 	17.	 	No Admission of Liability. You agree that this Agreement is not an admission or
evidence of any wrongdoing or liability on the part of the Company, its representatives,
attorneys, agents, partners, officers, shareholders, directors, employees, subsidiaries,
affiliates, divisions, successors or assigns. This Agreement will be afforded the maximum
protection allowable under California Evidence Code Section 1152 and/or any other state or
Federal provisions of similar effect.
	 
	 	18.	 	Indemnification. This Release shall not apply with respect to any claims
arising under your existing rights to indemnification and defense pursuant to (a) the
articles and bylaws of the Company for acts as a director and/or officer, (b) any
indemnification agreement with Intuit or with Digital Insight Corporation as in effect
immediately prior to the closing of Intuit’s acquisition of Digital Insight Corporation, or
(c) your rights of insurance under any director and officer liability policy in effect
covering the Company’s directors and officers.
	 
	 	19.	 	Review of Agreement. You may not sign this Agreement prior to your Termination
Date. You may take up to twenty-one (21) days from the date you receive this Agreement, or
until your Termination Date, whichever date is later, to consider this Agreement and
release and, by signing below, affirm that you were advised by this letter to consult with
an attorney before signing this Agreement and were given ample opportunity to do so. You
understand that this Agreement will not become effective until you return the original
properly signed Agreement to Intuit Legal Department, attention: Paula Vasquez, 2700 Coast
Avenue, Mountain View, CA 94043, and after expiration of the revocation period without
revocation by you.
	 
	 	20.	 	Revocation of Agreement. You acknowledge and understand that you may revoke
this Agreement by faxing a written notice of revocation to the Intuit Legal Department at
650-944-5225 any time up to seven (7) days after you sign it. After the revocation period
has passed, however, you may no longer revoke your Agreement.
	 
	 	21.	 	Entire Agreement. This Agreement together with the Invention Assignment and
Confidentiality Agreement that you previously executed is the entire Agreement between you
and the Company with respect to the subject matter of this Agreement and supersedes all
prior negotiations and agreements, whether written or oral, relating to this subject
matter. You acknowledge that neither the Company, nor its agents or attorneys, made any
promise or representation, express or implied, written or oral, not contained in this
Agreement to induce you to execute this Agreement. You

 

 

	 	 	 	acknowledge that you have signed this Agreement knowingly, voluntarily and without coercion,
relying only on such promises, representations and warranties as are contained in this
document. You understand that you do not waive any right or claim that may arise after the
date this Agreement is executed.
	 
	 	22.	 	Modification. By signing below, you acknowledge your understanding that this
Agreement may not be altered, amended, modified, or otherwise changed in any respect except
by another written agreement that specifically refers to this Agreement, executed by the
Company’s authorized representatives and you.
	 
	 	23.	 	Governing Law. This Agreement is governed by, and is to be interpreted
according to, the laws of the State of California.
	 
	 	24.	 	Savings and Severability Clause. Should any court, arbitrator or government
agency of competent jurisdiction declare or determine any of the provisions of this
Agreement to be illegal, invalid or unenforceable, the remaining parts, terms or provisions
shall not be affected thereby and shall remain legal, valid and enforceable. Further, it is
the intention of the parties to this Agreement that, if a court, arbitrator or agency
concludes that any claim under paragraph 8 above may not be released as a matter of law,
the General Release in paragraph 8 and the Waiver Of Unknown Claims in paragraph 9 shall
otherwise remain effective as to any and all other claims.

If this Agreement accurately sets forth the terms of your separation from the Company and if you
voluntarily agree to accept the terms of the severance package offered please sign below no earlier
than your Termination Date and return it to Paula Vasquez.

PLEASE REVIEW CAREFULLY. THIS AGREEMENT CONTAINS A GENERAL

RELEASE OF KNOWN AND UNKNOWN CLAIMS.

	 	 	 	 	 	 	 	 	 
	Sincerely,
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

HR MANAGER NAME

	 	 	 	 	 	 	 	 
	Manager, Human Resources
	 	 	 	 	 	 	 	 
	Intuit Inc.
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	APPROVED:
	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	Sherry Whiteley
	 	 	 	 	 	 	 	 
	Sr. Vice President, Human Resources
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	REVIEWED, UNDERSTOOD AND AGREED:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	EMPLOYEE NAME
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	DO NOT SIGN PRIOR TO YOUR TERMINATION DATE	 	 	 	 

 

 

Exhibit B

List of Company Equity Awards Subject to Company Acceleration

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Unvested
	 	 	 	 	 	 	 	 	 	 	 	 	Options/Shares as
	 	 	 	 	 	 	 	 	 	 	 	 	of
	Grant ID#	 	Name	 	Grant Date	 	Award Type	 	Grant Size	 	November 24, 2006
	2682
	 	J. Stiefler	 	8/5/2003	 	NSO	 	 	675,000	 	 	 	126,563	 
	2740
	 	J. Stiefler	 	8/13/2004	 	NSO	 	 	126,500	 	 	 	55,344	 
	2954
	 	J. Stiefler	 	1/31/2005	 	NSO	 	 	126,500	 	 	 	71,157	 
	3095
	 	J. Stiefler	 	9/8/2005	 	NSO	 	 	30,000	 	 	 	22,500	 
	RSA 2966
	 	J. Stiefler	 	9/8/2005	 	RSA	 	 	45,000	 	 	 	33,750	 
	3118
	 	J. Stiefler	 	3/1/2006	 	NSO	 	 	100,000	 	 	 	100,000	 
	RSA 2980
	 	J. Stiefler	 	3/1/2006	 	RSA	 	 	33,333	 	 	 	33,333	 

 

 

Exhibit C

Prior Employment Release 

THIS GENERAL RELEASE OF CLAIMS (“Release”) by Jeff Stiefler (“Executive”) is entered into
accordance with the Employment Offer Letter between Executive and Intuit, Inc., a Delaware
corporation dated November 29, 2006 (the “Intuit Offer Letter”). This Release confirms Executive’s
waiver and general release of claims in favor of Digital Insight Corporation, a Delaware
corporation and its officers, directors, employees, agents, representatives, parents, subsidiaries,
divisions, predecessors, successors, affiliated companies and assigns (collectively, “Digital
Insight” or the “Company”) and Intuit, Inc., a Delaware corporation and its officers, directors,
employees, agents, representatives, parents, subsidiaries, divisions, predecessors, successors,
affiliated companies and assigns (collectively, “Intuit”). Unless otherwise defined herein, the
terms defined in the Release shall have the same defined meanings in the Intuit Offer Letter.

	 	1.	 	Effective Date of Release. Provided that Executive signs and returns the
Intuit Offer Letter and satisfies all conditions therein, this Release shall be effective,
upon the closing of the merger (the “Closing Date”) contemplated by the Agreement and Plan
of Merger by and among, Intuit, Digital Insight and Durango Acquisition Corporation, dated
November 29, 2006 (the “Transaction”). If the Transaction does not close, or if Executive
does sign and return the Intuit Offer Letter and satisfy all conditions therein, this
Release shall be null and void.
	 
	 	2.	 	Acknowledgment of Payment of Wages. Executive acknowledges and agrees that,
prior to or upon the Closing Date, the Company will deliver to Executive a paycheck that
includes payment for all accrued wages, salary and any similar payments due and owing to
Executive from the Company as of the Closing Date (collectively referred to as “Wages”).
Executive is entitled to these Wages regardless of whether Executive signs this Release.
	 
	 	3.	 	Consideration For Release. In consideration of the waiver and release of
claims set forth herein, and in exchange for Executive’s signing this Release, the Company
and Intuit have provided to Executive (a) the Company Acceleration and (b) the Company
Severance (both as defined in the Intuit Offer Letter). Executive acknowledges and agrees
that if Executive does not sign the Release, neither the Company nor Intuit has any
obligation to provide him with (a) the Company Acceleration or (b) the Company Severance.
	 
	 	4.	 	Confidential Information. Executive hereby acknowledges that as a result of
Executive’s employment with the Company Executive has had access to the Company’s
confidential information. Executive acknowledges Executive’s continuing obligations under
the Invention Assignment and Confidentiality Agreement Executive has previously executed,
and Executive agrees Executive will hold all such confidential information in strictest
confidence and that Executive may not make any use of such confidential information.
Executive further confirms that Executive has delivered to the Company all documents and
data of any nature containing or pertaining to such Confidential Information and that
Executive has not taken with him any such documents or data or any copies thereof.
	 
	 	5.	 	General Release and Waiver of Claims.

	 	a.	 	To the fullest extent permitted by law, Executive hereby releases and forever
discharges the Company, Intuit, and their successors, subsidiaries and affiliates,
directors, shareholders, current and former officers, agents and employees (all of
whom are collectively referred to as “Releasees”) from any and all existing claims,
demands, causes of action, damages and

 

 

	 	 	 	liabilities, known or unknown, that Executive ever had, now has or may claim to have had
arising out of or relating in any way to Executive’s employment with the Company prior
to the Closing Date, including, without limitation, claims based on any oral, written or
implied employment agreement, claims for wages, bonuses, commissions, stock-based
compensation, expense reimbursement, and any claims that the terms of Executive’s
employment with the Company were wrongful, in breach of any obligation of the Company or
in violation of any of Executive’s rights, contractual, statutory or otherwise. Each of
the Releasees is intended to be a third party beneficiary of the General Release and
Waiver of Claims set forth in this Paragraph 5.

	 	1.	 	Release of Statutory and Common Law Claims. Such
rights include, but are not limited to, Executive’s rights under the
following federal and state statutes: the Employee Retirement Income Security
Act (ERISA) (regarding employee benefits); the Occupational Safety and Health
Act (safety matters); the Family and Medical Leave Act of 1993; the Worker
Adjustment and Retraining Act (“WARN”) (notification requirements for
employers who are curtailing or closing an operation) and common law; tort;
public policy; workers’ compensation retaliation; tortious interference with
contractual relations, misrepresentation, fraud, loss of consortium; slander,
libel, defamation, intentional or negligent infliction of emotional distress;
claims for wages, bonuses, commissions, stock-based compensation or fringe
benefits; vacation pay; sick pay; insurance reimbursement, medical expenses,
and the like as of the Closing Date.
	 
	 	2.	 	Release of Discrimination Claims. Executive
understands that various federal, state and local laws prohibit age, sex,
race, disability, benefits, pension, health and other forms of
discrimination, harassment and retaliation, and that these laws can be
enforced through the U.S. Equal Employment Opportunity Commission, the
National Labor Relations Board, the Department of Labor, and similar state
and local agencies and federal and state courts. Executive understands that
if Executive believes Executive’s treatment by the Company violated any laws,
Executive has the right to consult with these agencies and to file a charge
with them. Instead, Executive has decided voluntarily to enter into this
Release, release the claims and waive the right to recover any amounts to
which Executive may have been entitled under such laws, including but not
limited to, any claims Executive may have based on Title VII of the Civil
Rights Act of 1964 (race, color, religion, national origin or sex); the 1991
Civil Rights Act; the Vocational Rehabilitation Act of 1973 (disability); The
Americans with Disabilities Act of 1990 (disability); 42 U.S.C. Section 1981,
1986 and 1988 (race); the Equal Pay Act of 1963 (prohibits pay differentials
based on sex); the Immigration Reform and Control Act of 1986; Executive
Order 11246 (race, color, religion, sex or national origin); Executive Order
11141 (age); Vietnam Era Veterans Readjustment Assistance Act of 1974
(Vietnam era veterans and disabled veterans); and California state statutes
and local laws of similar effect.

	 	b.	 	Releasees and Executive do not intend to release claims (i) which Executive may
not release as a matter of law (including, but not limited to, indemnification claims
under applicable law); (ii) for unemployment, state disability and/or paid family leave
insurance benefits pursuant to the terms of applicable state law; (iii) for any benefit
entitlements that are vested as of the Closing Date pursuant to the terms of a
Company-sponsored benefit plan governed by the federal law known as “ERISA”, other than
the Digital Insight Corporation Change in Control Severance Plan; (iv) for vested stock
and/or vested option shares pursuant to the

 

 

	 	 	 	written terms and conditions of Executive’s existing stock and stock option grants and
agreements existing as of the Closing Date; (v) to enforce the Company’s 280G gross-up
obligations as described in the Intuit Offer Letter and (vi) any obligations of Intuit
under the Intuit Offer Letter. To the fullest extent permitted by law, any dispute
regarding the scope of this general release shall be determined by an arbitrator under
the procedures set forth in paragraph 9.

	 	6.	 	Waiver of Unknown Claims. Executive expressly waives any benefits of Section
1542 of the Civil Code of the State of California (and any other laws of similar effect),
which provides:

	 	 	“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.”

	 	7.	 	Covenant Not to Sue.

	 	a.	 	To the fullest extent permitted by law, Executive agrees that Executive will
not now or at any time in the future pursue any charge, claim, or action of any kind,
nature and character whatsoever against any of the Releasees, or cause or knowingly
permit any such charge, claim or action to be pursued, in any federal, state or
municipal court, administrative agency, arbitral forum, or other tribunal, arising out
of any of the matters covered by paragraphs 5 and 6 above.
	 
	 	b.	 	Executive further agrees that Executive will not pursue, join, participate,
encourage, or directly or indirectly assist in the pursuit of any legal claims against
the Releasees, whether the claims are brought on Executive’s own behalf or on behalf of
any other person or entity.
	 
	 	c.	 	Nothing in this paragraph shall prohibit Executive from: (1) providing truthful
testimony in response to a subpoena or other compulsory legal process, and/or (2)
filing a charge or complaint with a government agency such as the Equal Employment
Opportunity Commission, the National Labor Relations Board or applicable state
anti-discrimination agency.

	 	8.	 	Legal and Equitable Remedies. Executive agrees that the Company, Intuit and
Executive shall have the right to enforce this Release and any of its provisions by
injunction, specific performance or other equitable relief without prejudice to any other
rights or remedies that either party may have at law or in equity for breach of this
Release.
	 
	 	9.	 	Arbitration of Disputes. Except for claims for injunctive relief arising out
of a breach of the Invention Assignment & Confidentiality Agreement, Executive and the
Company agrees to submit to mandatory binding arbitration any future disputes between
Executive and the Company, including any claim arising out of or relating to this Release.
By signing below, Executive and the Company waive any rights the Company and Executive may
have to trial by jury of any such claims. Executive agrees that the American Arbitration
Association will administer any such arbitration(s) under its National Rules for the
Resolution of Employment Disputes, with administrative and arbitrator’s fees to be borne by
the Company. The arbitrator shall issue a written arbitration decision stating his or her
essential findings and conclusions upon which the award is based. A party’s right to
review of the decision is limited to the grounds provided under applicable law. The
parties agree that the arbitration award shall be enforceable in any court having
jurisdiction to enforce this Release. This Release does not extend or waive any statutes
of

 

 

	 	 	 	limitations or other provisions of law that specify the time within which a claim must be
brought. Notwithstanding the foregoing, each party retains the right to seek preliminary
injunctive relief in a court of competent jurisdiction to preserve the status quo or prevent
irreparable injury before a matter can be heard in arbitration.

	 	10.	 	Attorneys’ Fees. If any legal action arises or is brought to enforce the terms
of this Release, the prevailing party shall be entitled to recover its reasonable
attorneys’ fees, costs and expenses from the other party, in addition to any other relief
to which such prevailing party may be entitled, except where the law provides otherwise.
The costs and expenses that may be recovered exclude arbitration fees pursuant to paragraph
9 above.
	 
	 	11.	 	Confidentiality Provision. Executive agrees to keep the contents, terms and
conditions of this Release confidential and not disclose them except to Executive’s spouse
or domestic partner, attorneys, accountant or as required by subpoena or court order.
	 
	 	12.	 	Materiality of Breach. Any breach of the provisions contained in paragraphs 4
through 7 and/or 11 will be deemed a material breach of this Release.
	 
	 	13.	 	No Admission of Liability. Executive agrees that this Release is not an
admission or evidence of any wrongdoing or liability on the part of the Company, its
representatives, attorneys, agents, partners, officers, shareholders, directors, employees,
subsidiaries, affiliates, divisions, successors or assigns. This Release will be afforded
the maximum protection allowable under California Evidence Code Section 1152 and/or any
other state or Federal provisions of similar effect.
	 
	 	14.	 	Indemnification. This Release shall not apply with respect to any claims
arising under Executive’s existing rights to indemnification and defense pursuant to (a)
the articles and bylaws of the Company for acts as a director and/or officer, (b)
Executive’s indemnification agreement with the Company, or (c) Executive’s rights of
insurance under any director and officer liability policy in effect covering the Company’s
directors and officers.
	 
	 	15.	 	Review of Agreement. By signing below, Executive affirms that he was advised
by this letter to consult with an attorney before signing this Release and was given ample
opportunity to do so.
	 
	 	16.	 	Revocation of Agreement. Executive acknowledges and understands that Executive
may not revoke this Release.
	 
	 	17.	 	Entire Release. This Release is the entire agreement between Executive and the
Company with respect to the subject matter of this Release and supersedes all prior
negotiations and agreements, whether written or oral, relating to this subject matter.
Executive acknowledges that neither the Company, nor its agents or attorneys, made any
promise or representation, express or implied, written or oral, not contained in this
Release to induce him to execute this Release. Executive acknowledges that Executive has
signed this Release knowingly, voluntarily and without coercion, relying only on such
promises, representations and warranties as are contained in this document. Executive
understands that Executive does not waive any right or claim that may arise after the date
this Release is executed.
	 
	 	18.	 	Modification. By signing below, Executive acknowledges Executive’s
understanding that this Release may not be altered, amended, modified, or otherwise changed
in any respect except by another written agreement that specifically refers to this
Release, executed by the Company’s authorized representatives and him.

 

 

	 	19.	 	Governing Law. This Release is governed by, and is to be interpreted according
to, the laws of the State of California.
	 
	 	20.	 	Savings and Severability Clause. Should any court, arbitrator or government
agency of competent jurisdiction declare or determine any of the provisions of this Release
to be illegal, invalid or unenforceable, the remaining parts, terms or provisions shall not
be affected thereby and shall remain legal, valid and enforceable. Further, it is the
intention of the parties to this Release that, if a court, arbitrator or agency concludes
that any claim under paragraph 5 above may not be released as a matter of law, the General
Release in paragraph 5 and the Waiver Of Unknown Claims in paragraph 6 shall otherwise
remain effective as to any and all other claims.

[Signature Page to Prior Employment Release Follows]

 

 

If you voluntarily agree to accept the terms of this Release offered please sign below and return
this Release with your Intuit Offer Letter.

REVIEWED, UNDERSTOOD AND AGREED:

EXECUTIVE:

Jeff Stiefler

     
                                                             
              

Signature

Date:                                                            

[Signature Page to Prior Employment Release]

 

 

Exhibit D

Digital Insight Key Executive

Employee Invention And Confidentiality Agreement

     1. I understand that Intuit Inc. (the “Company”) is engaged in a continuous program of
research, development, production and marketing in connection with its business and that it is
critical for the Company to preserve and protect its Proprietary Information (as defined below),
its rights in Company Inventions (as defined below) and in all related worldwide patents, patent
applications, copyrights, mask works, trademarks, trades secrets and other intellectual property
rights (“Intellectual Property Rights”). Accordingly, I am entering into this agreement
(“Agreement”) as a condition of my employment with the Company, whether or not I am expected to
create inventions of value for the Company.

     2. I understand that during the course of my employment with the Company it is likely I will
gain access to information of a confidential or secret nature that may be disclosed to me by the
Company or a third party that relates to the business of the Company or to the business of any
parent, subsidiary, affiliate, acquired entity, customer or supplier of the Company or any other
party with whom the Company agrees to hold information of such party in confidence (“Proprietary
Information”). Proprietary Information includes, but is not limited to, Company Inventions (as
defined below), marketing plans, product plans, business strategies, financial information,
forecasts, personnel information, customer lists, supplier lists, and trade secrets. I understand
that Proprietary Information does not include any of the items just listed which has become
publicly known and made generally available through no wrongful act of mine or of others who were
under confidentiality obligations as to the publicized item or items involved.

     3. I agree that, at all times, both during my employment and after I leave the Company, I will
keep and hold any Proprietary Information in strict confidence and trust, and I will not use or
disclose any Proprietary Information without first receiving the Company’s express written consent,
except as may be necessary to perform my duties as an employee of the Company for the benefit of
the Company and except if compelled by government or court order to do so. Upon leaving the
Company, I will promptly give to the Company all documents, materials or property in my possession
related to the Company. I will not take with me any property or copies of my work or Company
related documents and materials that I have received or used, including Proprietary Information.

     4. During the period of my employment, I agree to promptly disclose in confidence to the
Company all inventions, improvements, designs, original works of authorship, formulas, processes,
compositions of matter, computer software programs, databases, mask works and trade secrets that I
conceive or first reduce to practice or create, either alone or jointly with others, whether or not
in the course of my employment, and whether or not patentable, copyrightable or protectible as
trade secrets or other Intellectual Property Rights (“Inventions”).

     5. I understand that, under the copyright laws, any copyrightable works prepared by me within
the scope of my employment are “works for hire.” Consequently, the Company will be considered the
author and owner of such works.

 

 

     6. I agree that all Inventions that (a) are developed using equipment, supplies, facilities,
or trade secrets of the Company, (b) result from work performed by me for the Company, or (c)
relate to the Company’s business or current or anticipated research and development (“Company
Inventions”), will be the sole and exclusive property of the Company. I agree to assign, and do
hereby assign, to the Company any and all rights that I may have in any such Company Inventions and
in any Intellectual Property Rights therein or related thereto. Attached hereto as Exhibit
A is a list describing all inventions, original works of authorship, developments and trade
secrets which were made by me (including patents, original works of authorship and developments I
worked on with a prior employer) prior to the date of this Agreement, which belong to me (or belong
to me and third parties) and which are not assigned to the Company (“Prior Inventions”). If
disclosure of any Prior Inventions would cause me to violate any prior confidentiality agreement, I
understand that I am not to list such Prior Inventions in Exhibit A but should only
disclose a cursory name for each such invention, the owners of that invention and why full
disclosure has not been made. If no such list is attached, it is because there are no Prior
Inventions. I acknowledge and agree that if I use any of my Prior Inventions in the scope of my
employment, or include them in any product or service of the Company, I hereby grant to the Company
a perpetual, irrevocable, nonexclusive, world-wide, royalty-free license to use, disclose, make,
have made, sell, import, copy, distribute, modify and create works based on, perform or display
such Prior Inventions and to sublicense third parties with the same rights. I will not use or
disclose any Prior Inventions in the scope of my employment at the Company if such use or
disclosure would cause me to violate any obligations to any third party.

     7. I also waive and agree never to assert any “Moral Rights” I might have in or with respect
to any Company Invention even after I leave the Company. “Moral Rights” means any right to claim
authorship of any Company Invention, to object to or prevent modification or destruction of any
Company Invention, or to withdraw from circulation or to control the publication or distribution of
any Company Invention, and any similar right existing under the judicial or statutory law of any
country or treaty.

     8. I agree to assist the Company in every proper way to obtain and enforce the Intellectual
Property Rights and other legal protections for the Company Inventions in any and all countries. I
will sign documents that the Company may reasonably request for use in obtaining and enforcing such
protection. My obligations under this paragraph will continue even after I leave the Company,
provided the Company will reimburse me at a reasonable rate after I leave the Company for time or
expenses actually spent by me on its behalf. I appoint the Secretary of the Company as my
attorney-in-fact to execute documents on my behalf for the purposes set forth in this paragraph.

     9. I understand that my employment with the Company requires my undivided attention and
effort. As a result, during my employment, I will not, without the company’s express written
consent, engage in any other employment or business that (i) directly competes with the current or
future business of the Company; (ii) uses any Company information, equipment, supplies, facilities
or materials; or (iii) otherwise conflicts with the Company’s business interest and causes a
disruption of its operations.

 

 

     10. I understand that during and after the termination of my employment with Company, I will
not directly or indirectly solicit or otherwise take away customers or suppliers of the Company if,
in so doing, I access, use or disclose any Proprietary Information belonging to the Company. I
acknowledge and agree that the names and addresses of the Company’s customers and suppliers, and
all other confidential information related to them, including but not limited to their buying and
selling habits and special needs, that was first obtained by, or first disclosed to me during my
employment with the Company or Digital Insight Corporation, constitute trade secrets of the
Company.

     11. During my employment with the Company and for a period of one (1) year thereafter, I will
not directly or indirectly solicit away employees or consultants of the Company for my own benefit
or for the benefit of any other person or entity.

     12. I hereby authorize the Company to use, reuse, and grant others the right to use and reuse,
both during and after my employment, my name, photograph, likeness (including caricature), voice,
and biographical information, and any reproduction or simulation thereof, in any form of media or
technology now known or hereafter developed (including, but not limited to, film, video and digital
or other electronic media) in connection with the Company’s business, including any promotion,
marketing or advertising of the Company or its products or services which was obtained by the
Company during my employment with the Company.

     13. I represent that my performance of all the terms of this Agreement and my responsibilities
as an employee of the Company will not breach any invention assignment, proprietary information,
nonsolicitation, noncompetition, or other agreement or obligation with any former employer or other
party. I also represent that I will not bring with me to the Company or use in the performance of
my responsibilities for the Company any property or materials or trade secrets of a former employer
or third party that are not generally available to the public or would not have been legally
transferred to the Company. In the event I leave the Company, I hereby grant consent to
notification by the Company to my new employer about my rights and obligations under this
Agreement.

     14. I understand that any breach or threatened breach of this Agreement by me will likely
result in irreparable harm and the Company will be entitled to injunctive relief to enforce this
Agreement and shall have the right to recover the reasonable attorney’s fees and court costs
expended in connection with any litigation instituted to enforce this Agreement.

     15. This Agreement will be governed and interpreted in accordance with the laws of the State
of California, without regard to or application of choice of law rules or principles. In the event
that any provision of this Agreement is found by a court or other competent tribunal to be illegal,
invalid or unenforceable, then that provision will not be voided but enforced to the maximum extent
allowed, and the remainder of the provision will remain in full force and effect. If such clause
or provision cannot be so enforced, such provision shall be stricken from this Agreement and the
remainder of this Agreement shall be enforced as if such invalid, illegal or unenforceable clause
or provision had (to the extent not enforceable) never been contained in this Agreement.

 

 

     16. I have been notified and understand that the provisions of Sections 6 and 7 of this
Agreement do not apply to any Company Inventions that qualify fully under the provisions of Section
2870 of the California Labor Code, which states as follows:

ANY PROVISION IN AN EMPLOYMENT AGREEMENT WHICH PROVIDES THAT AN EMPLOYEE SHALL ASSIGN, OR OFFER TO
ASSIGN, ANY OF HIS OR HER RIGHTS IN AN INVENTION TO HIS OR HER EMPLOYER SHALL NOT APPLY TO AN
INVENTION THAT THE EMPLOYEE DEVELOPED ENTIRELY ON HIS OR HER OWN TIME WITHOUT USING THE EMPLOYER’S
EQUIPMENT, SUPPLIES, FACILITIES, OR TRADE SECRET INFORMATION EXCEPT FOR THOSE INVENTIONS THAT
EITHER: (1) RELATE AT THE TIME OF CONCEPTION OR REDUCTION TO PRACTICE OF THE INVENTION TO THE
EMPLOYER’S BUSINESS, OR ACTUALLY OR DEMONSTRABLY ANTICIPATED RESEARCH OR DEVELOPMENT OF THE
EMPLOYER, OR (2) RESULT FROM ANY WORK PERFORMED BY THE EMPLOYEE FOR THE EMPLOYER. TO THE EXTENT A
PROVISION IN AN EMPLOYMENT AGREEMENT PURPORTS TO REQUIRE AN EMPLOYEE TO ASSIGN AN INVENTION
OTHERWISE EXCLUDED FROM BEING REQUIRED TO BE ASSIGNED UNDER CALIFORNIA LABOR CODE SECTION 2870(a),
THE PROVISION IS AGAINST THE PUBLIC POLICY OF THIS STATE AND IS UNENFORCEABLE.

     17. This Agreement, the Non-Competition Agreement between me and the Company (“the
Non-Competition Agreement”) and any documents referred to herein, constitute the entire agreement
and understanding of the parties with respect to the subject matter of this Agreement, and
supersede all prior understandings and agreements, whether oral or written, between or among the
parties hereto with respect to the specific subject matter hereof. Should there be any
inconsistency between this Agreement and the Non-Competition Agreement, I understand that those
provisions most protective of the Company’s interests will control.

     18. This Agreement may be amended only by a written agreement executed by each of the parties
hereto. No amendment of or waiver of, or modification of any obligation under this Agreement will
be enforceable unless set forth in a writing signed by the party against whom enforcement is
sought. Any amendment effected in accordance with this section will be binding upon all parties
hereto and each of their respective successors and assigns. No delay or failure to require
performance of any provision of this Agreement shall constitute a waiver of that provision as to
that or any other instance. No waiver granted under this Agreement as to any one provision herein
shall constitute a subsequent waiver of such provision or of any other provision herein, nor shall
it constitute the waiver of any performance other than the actual performance specifically waived.

     19. Except as otherwise provided in this Agreement, this Agreement, and the rights and
obligations of the parties hereunder, will be binding upon and inure to the benefit of their
respective successors, assigns, heirs, executors, administrators and legal representatives. The
Company may assign any of its rights and obligations under this Agreement. No other party to this
Agreement may assign, whether voluntarily or by operation of law, any of its rights and obligations
under this Agreement, except with the prior written consent of the Company.

 

 

     20. I understand that this Agreement does not constitute an employment contract or obligate
the Company to employ me for any period of time. I understand that my employment with the Company
is at will and may be terminated by the Company at any time and for any reason or no reason, with
or without notice and with or without cause. I acknowledge that any statements or representations
to the contrary are ineffective, unless put into a writing signed by the Company. I further
acknowledge that my participation in any stock option or benefit program is not to be construed as
any assurance of continuing employment for any particular period of time.

[Signature Page to Employee Invention and Confidentiality Agreement Follows]

 

 

     21. This Agreement will be effective as of the first day of my employment by the Company, or
upon disclosure of covered Company Proprietary Information should that disclosure occur prior to
the first day of my employment, or upon the date of my signature below, whichever date occurs
first.

Employee:

By: /s/ JEFF STIEFLER               

Name: Jeff Stiefler

Date: 11/30/06

[Signature Page to Employee Invention and Confidentiality Agreement]

 

 

Exhibit A

LIST OF PRIOR INVENTIONS

	 	 	 	 	 
	 	 	 	 	Identifying Number or Brief
	Title	 	Date	 	Description
	 
	 	 
	 	 

Signature of Employee: /s/ JEFF STIEFLER               

Print Name of Employee: Jeff Stiefler

Date: 11/30/06

 

 

Exhibit E

Non-Competition Agreement

     This Non-Competition Agreement (this “Agreement”), dated November 29, 2006, is made
by and between Jeff Stiefler (the “Shareholder”) and Intuit, Inc., a Delaware corporation
(“Acquiror”). For purposes of this Agreement, “Acquiror” shall be deemed to include Acquiror and
its wholly and majority-owned direct and indirect subsidiaries that operate the Business (as
defined below) of the Company.

Background

     Acquiror, Durango Acquisition Corporation, a wholly-owned acquisition subsidiary of Acquiror,
and Digital Insight Corporation, a Delaware corporation (the “Company”) are parties to an Agreement
and Plan of Merger dated on or about November 29, 2006 (the “Merger Agreement”), pursuant to which
Acquiror will acquire the Company (the “Merger”). Shareholder understands and agrees that he is a
substantial shareholder of the Company and a key and significant member of either the management
and/or the technical workforce of the Company and that he will receive substantial consideration as
a result of Acquiror’s purchase of Shareholder’s stock interest in the Company. Shareholder is
willing to enter into this Agreement as an inducement for Acquiror to consummate the Merger and to
protect Acquiror’s legitimate interests as a buyer of the stock and goodwill of the Company.
Shareholder understands and acknowledges that the execution and delivery of this Agreement by
Shareholder is a material inducement to the willingness of Acquiror to enter into the Merger
Agreement. Capitalized terms used herein and not defined herein shall have the meanings assigned to
such terms in the Merger Agreement.

     Acquiror and Shareholder both agree that, prior to the Merger, the Company’s business included
the design, development, manufacture, production, marketing and sales of products and services
related to the Business (as defined below) throughout each of the fifty states of the United States
and other parts of the world in which the Company conducted the Business (as defined in Section
1(d) hereof) (the “Restrictive Territory”). Acquiror represents and Shareholder understands that,
following the Merger, Acquiror will continue conducting the Company’s business in the Restrictive
Territory.

     Now, Therefore, in consideration of the foregoing premises and for good and valuable
consideration, receipt of which is hereby acknowledged, Shareholder, intending to be legally bound,
agrees as follows:

     1. Agreement Not to Compete. During the Restrictive Period (as defined below),
Shareholder agrees that Shareholder will not, as an employee, agent, consultant, advisor,
independent contractor, general partner, officer, director, shareholder, investor, lender or
guarantor of any corporation, partnership or other entity, or in any other capacity directly or
indirectly:

(a) Shareholder will not participate or engage in the Business in the Restrictive Territory.

 

 

(b) Shareholder will not render or provide any services related to the Business to any
company or entity which involve or are related to the Business (including, without
limitation, Checkfree Corporation, Online Resources Corporation, Open Solutions Inc.,
Metavante Corporation, Jack Henry & Associates, Inc., John H. Harland Company, Fidelity
National Information Services, Fiserv Inc., S1 Corporation, Corillian Corporation, PayCycle,
Inc., CashEdge, Inc., Microsoft Corporation), in the Restrictive Territory.

(c) Shareholder will not permit his name to be used in connection with a business which is
competitive or substantially similar to the Business in the Restrictive Territory.

(d) The “Business” as referred to in this Agreement entails the design, development,
manufacture, production, marketing, sale or servicing of any product, or the provision of
any service, that directly relates to outsourced on-line banking applications and services
to banks, credit unions and savings and loan associations (including, without limitation,
outsourced software products hosed in data centers and delivered as “on demand” service
offerings to financial institutions).

Notwithstanding the foregoing, Shareholder may (i) own, directly or indirectly, solely as an
investment, up to one percent (1%) of any class of “publicly traded securities” of any business
that is competitive or substantially similar to the Business or (ii) work for a division, entity or
subgroup of any of such companies that engages in the Business so long as such division, entity or
subgroup does not engage in the Business. The term “publicly traded securities” shall mean
securities that are traded on a national securities exchange or listed on any of the three tiers of
the NASDAQ Stock Market.

For purposes of this Agreement, the restrictive period (referred to herein as the “Restrictive
Period”) shall commence on the Closing Date (as defined in the Merger Agreement) of the Merger and
shall continue until the third (3rd) anniversary of the Closing Date. In the event that
the Merger Agreement is terminated in accordance with its terms, this Agreement shall terminate and
be of no further force or effect.

     2. Non-Solicitation of Employees. During the term of Shareholder’s employment and for
one (1) year thereafter, Shareholder shall not encourage or solicit, directly or indirectly, any
employee of the Company to leave the Acquiror for any reason or to accept employment with any other
company. As part of this restriction, Shareholder shall not interview or provide any input to any
third party regarding any such person during the period in question. However, this obligation
shall not affect any responsibility Shareholder may have as an employee of the Acquiror with
respect to the bona fide hiring and firing of Company personnel.

     3. Acknowledgment. Shareholder hereby acknowledges and agrees that:

(a) this Agreement is necessary for the protection of the legitimate business
interests of Acquiror in acquiring the Company;

(b) the execution and delivery and continuation in force of this Agreement is a material
inducement to the willingness of Acquiror to enter into the Merger Agreement;

 

 

(c) the scope of this Agreement in time, geography and types and limitations of
activities restricted is reasonable;

(d) Shareholder has no intention of competing with the Business acquired by
Acquiror within the area and the time limits set forth in this Agreement; and

(e) breach of this Agreement will be such that Acquiror will not have an adequate
remedy at law because of the unique nature of the operations and the assets being conveyed
to Acquiror.

     4. Remedy. Shareholder acknowledges and agrees that (a) the rights of Acquiror under
this Agreement are of a specialized and unique character and that immediate and irreparable damage
will result to Acquiror if Shareholder fails to or refuses to perform his obligations under this
Agreement and (b) Acquiror may, in addition to any other remedies and damages available, seek an
injunction in a court of competent jurisdiction to restrain any such failure or refusal. No single
exercise of the foregoing remedies shall be deemed to exhaust Acquiror’s right to such remedies,
but the right to such remedies shall continue undiminished and may be exercised from time to time
as often as Acquiror may elect. Shareholder represents and warrants that his expertise and
capabilities are such that his obligations under this Agreement (and the enforcement thereof by
injunction or otherwise) will not prevent him from earning a livelihood.

     5. Severability. If any provisions of this Agreement as applied to any part or to any
circumstances shall be adjudged by a court to be invalid or unenforceable, the same shall in no way
affect any other provision of this Agreement, the application of such provision in any other
circumstances, or the validity or enforceability of this Agreement. Acquiror and Shareholder
intend this Agreement to be enforced as written. If any provision, or part thereof, however, is
held to be unenforceable because of the duration thereof or the area covered thereby, all parties
agree that the court making such determination shall have the power to reduce the duration and/or
area of such provision, and/or to delete specific words or phrases and in its reduced form such
provision shall then be enforceable.

     6. Amendment. This Agreement may not be amended except by an instrument in writing
signed by Acquiror’s Senior Vice President of Human Resources, or his or her designee, and
Shareholder.

     7. Waiver. No waiver of any nature, in any one or more instances, shall be deemed to
be or construed as a further or continued waiver of any breach of any other term or agreement
contained in this Agreement.

     8. Headings. The headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Agreement.

     9. Governing Law. This Agreement shall be construed and interpreted and its
performance shall be governed by the laws of the State of California without regard to conflicts of
law principles of any jurisdiction.

 

 

     10. Entire Agreement. This Agreement constitutes the entire agreement of the parties
with respect to the subject matter of this Agreement and supersedes all prior agreements and
undertakings, both written and oral, between the parties, or any of them, with respect to the
subject matter of this Agreement (but does not in any way merge or supersede the Merger Agreement
or any other agreement executed in connection with the Merger Agreement, including the
Shareholder’s employment agreement with Acquiror, if any).

[Signature Page to Non-Competition Agreement Follows]

 

 

     In Witness Whereof, Acquiror and Shareholder have executed this Agreement on the day
and year first above written.

	 	 	 	 	 	 	 
	 	 	Shareholder
	 
	 	 	 	 	 	 
	 	 	/s/ JEFF STIEFLER 
	 	 
	 	 	 	 	 
	 	 	Signature
	 
	 	 	 	 	 	 
	 	 	Jeff Stiefler

	 	 	 	 	 
	 	 	Name (Please Print)
	 
	 	 	 	 	 	 
	 	 	Intuit, Inc.

a Delaware corporation
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ STEPHEN M. BENNETT	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Steve M. Bennett
	 	 	Title: President & Chief Executive Officer

[Signature Page to Non-Competition Agreement]

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