Document:

exv10w01

 

Exhibit 10.01

Award No. «GrantNumber»

INTUIT INC. 2005 EQUITY INCENTIVE PLAN GRANT AGREEMENT

Restricted Stock Unit

(Performance-Based Vesting)

Intuit Inc., a Delaware corporation (the “Company”), hereby grants you a restricted stock unit
award (“Award”) pursuant to the Company’s 2005 Equity Incentive Plan (the “Plan”), for the number
of shares of the Company’s Common Stock, $0.01 par value per share (“Common Stock”) set forth
below. All capitalized terms in this Grant Agreement (“Agreement”) that are not defined in this
Agreement have the meanings given to them in the Plan. This Award is subject to all of the terms
and conditions of the Plan, which is incorporated into this Agreement by reference. This Agreement
is not meant to interpret, extend, or change the Plan in any way, or to represent the full terms of
the Plan. If there is any discrepancy, conflict or omission between this Agreement and the
provisions of the Plan, the provisions of the Plan shall apply.

Name of Participant:

Employee ID:

Address:

Number of Shares:

Date of Grant:

Vesting Date:

Performance Goals to Begin Time-Based Vesting: The (1) net revenue growth and (2) operating
income growth targets, attached hereto on Exhibit A (the “Performance Goals”) must be
achieved between August 1, 2006 and July 31, 2007 and certified by the Compensation and
Organizational Development Committee (the “Committee”) in order for the Time-Based Vesting
described below to commence. The Committee will make such certification as soon as reasonably
possible. If the Committee determines that the Performance Goals were not met by July 31, 2007,
this Award shall terminate upon the date of such determination.

Time-Based Vesting Once Performance Factor Goals Are Met: If the above Performance Goals
are met, this Award will vest as to 100% of the Number of Shares on the Vesting Date set forth
above, provided you have not Terminated prior to that date.

	1.	 	In the event of your Termination prior to the Vesting Date, the following provisions will
govern the vesting of this Award:

	 	(a)	 	Termination Generally: In the event of your Termination prior to the
Vesting Date for any reason other than as expressly set forth in the other subsections
of this Section 1 of the Agreement, this Award will terminate without having vested as
to any of the shares subject to this Award and you will have no right or claim to
anything under this Award.
	 
	 	(b)	 	Termination due to Retirement: In the event of your Termination prior
to the Vesting Date due to your Retirement, you will vest pro-rata in a percentage of
the Number of Shares equal to your number of full months of service since the Date of
Grant divided by thirty-six months, rounded down to the nearest whole share of Intuit
Common Stock, and the Vesting Date under this Agreement will be your Termination Date.
For purposes of this Award, Retirement means the Termination of your employment with
the Company after you have reached age fifty-five (55) and completed ten full years of
service with the Company (including any Parent or Subsidiary).
	 
	 	(c)	 	Termination due to Death or Total Disability: In the event of your
Termination prior to the Vesting Date due to your death or Total Disability after you
have been actively employed by the Company for one year or more, this Award will vest
as to 100% of the Number of the Shares on your Termination

 

 

	 	 	 	Date, and the Vesting Date under this Agreement will be your Termination Date. For
purposes of this Award, Total Disability is defined in Section 5.6(a) of the Plan.
	 
	 	(d)	 	Termination on or Within One Year Following Corporate Transaction: In
the event of your Termination by the Company or its successor, prior to the Vesting
Date, but on or within one year following the date of a Corporate Transaction, you will
vest pro-rata in a percentage of the Number of Shares equal to your number of full
months of service since the Date of Grant divided by thirty-six months, rounded down to
the nearest whole share of Intuit Common Stock, and the Vesting Date under this
Agreement will be your Termination Date. For purposes of this Award, Corporate
Transaction is defined in Section 26(h) of the Plan.
	 
	 	(e)	 	Termination due to Involuntary Termination: In the event of your
Termination prior to the Vesting Date due to your Involuntary Termination, you will
vest pro-rata in a percentage of the Number of Shares equal to your number of full
months of service since the Date of Grant divided by thirty-six months, rounded down to
the nearest whole share of Intuit Common Stock, and the Vesting Date under this
Agreement will be your Termination Date. For purposes of this Award, Involuntary
Termination means the Termination of your employment with the Company, 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 at the time of the Date of Grant, (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
50 miles from your principal office on the Date of Grant; provided however, that with
regard to (i) through (iii) you must provide Intuit with written notice of its
obligations hereunder and opportunity to cure within 15 days. “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 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.

	2.	 	Issuance of Shares under this Award: The Company will issue you the Shares subject
to this Award on the Vesting Date, except in the event of vesting due to Involuntary
Termination as noted in Section 1(b), (d) and (e), above. In the event of the issuance of
Shares pursuant to Section 1(b), (d) and (e), such issuance will occur no earlier than six
months and one day after the date of your termination of employment with Intuit, except when
permitted by Section 409A of the Internal Revenue Code of 1986, as amended and the regulations
and/or other interpretive authority thereunder. Until the date the shares are issued to you,
you will have no rights as a stockholder of the Company.
	 
	3.	 	Withholding Taxes: This Award is generally taxable for purposes of United States
federal income and employment taxes upon vesting based on the Fair Market Value on Vesting
Date. To the extent required by applicable federal, state or other law, you shall make
arrangements satisfactory to the Company for the payment and satisfaction of any income tax,
social security tax, payroll tax, payment on account or other tax related to withholding
obligations that arise under this Award and, if applicable, any sale of Shares of the Common
Stock. The Company shall not be required to issue shares of the Common Stock pursuant to this
Award or to recognize any purported transfer of shares of the Common Stock until such
obligations are satisfied. Unless otherwise agreed to by the Company and you, these
obligations will be satisfied by the Company withholding a number of shares of Common Stock
that would otherwise be issued under this Award that the Company determines has a Fair Market
Value sufficient to meet the tax withholding obligations. For purposes of this Award, Fair
Market Value is defined in Section 26(n) of the Plan.
	 
	 	 	You are ultimately liable and responsible for all taxes owed by you in connection with this
Award, regardless of any action the Company takes or any transaction pursuant to this section
with respect to any tax withholding

2

 

	 	 	obligations that arise in connection with this Award. The Company makes no representation or
undertaking regarding the treatment of any tax withholding in connection with the grant,
issuance, vesting or settlement of this Award or the subsequent sale of any of the shares of
Common Stock underlying the shares that vest. The Company does not commit and is under no
obligation to structure this Award to reduce or eliminate your tax liability.
	 
	4.	 	Disputes: Any question concerning the interpretation of this Agreement, any
adjustments to be made thereunder, and any controversy that may arise under this Agreement, shall
be determined by the Committee in accordance with its authority under Section 4 of the Plan.
Such decision by the Committee shall be final and binding.
	 
	5.	 	Other Matters:

	 	(a)	 	The Award granted to an employee in any one year, or at any time, does not
obligate the Company or any subsidiary or other affiliate of the Company to grant an
award in any future year or in any given amount and should not create an expectation
that the Company (or any subsidiary or other affiliate) might grant an award in any
future year or in any given amount.
	 
	 	(b)	 	Nothing contained in this Agreement creates or implies an employment contract
or term of employment or any promise of specific treatment upon which you may rely.
	 
	 	(c)	 	Notwithstanding anything to the contrary in this Agreement, the Company may
reduce your Award if you change classification from a full-time employee to a part-time
employee.
	 
	 	(d)	 	This Award is not part of your employment contract (if any) with the Company,
your salary, your normal or expected compensation, or other renumeration for any
purposes, including for purposes of computing benefits, severance pay or other
termination compensation or indemnity.
	 
	 	(e)	 	Because this Agreement relates to terms and conditions under which you may be
issued shares of Common Stock of Intuit Inc., a Delaware corporation, an essential term
of this Agreement is that it shall be governed by the laws of the State of Delaware,
without regard to choice of law principles of Delaware or other jurisdictions. Any
action, suit, or proceeding relating to this Agreement or the Award granted hereunder
shall be brought in the state or federal courts of competent jurisdiction in Santa
Clara County in the State of California.

This Agreement (including the Plan, which is incorporated by reference) constitutes the entire
agreement between you and the Company with respect to this Award, and supersedes all prior
agreements or promises with respect to the Award. Except as provided in the Plan, this Agreement
may be amended only by a written document signed by the Company and you. Subject to the terms of
the Plan, the Company may assign any of its rights and obligations under this Agreement, and this
Agreement shall be binding on, and inure to the benefit of, the successors and assigns of the
Company. Subject to the restrictions on transfer of an Award described in Section 14 of the Plan,
this Agreement shall be binding on your permitted successors and assigns (including heirs,
executors, administrators and legal representatives). All notices required under this Agreement or
the Plan must be mailed or hand-delivered, (1) in the case of the Company, to the Company at its
address set forth in this Agreement, or at such other address designated in writing by the Company
to you, and (2) in the case of you, at the address recorded in the books and records of the Company
as your then current home address.

The Company has signed this Award Agreement effective as the Date of Grant.

	 	 	 	 	 
	 	 	INTUIT INC.

2632 Marine Way

Mountain View, California 94043
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Steve Bennett, Chief Executive Officer

3exv10w02

 

Exhibit 10.02

Award No. «GrantNumber»

INTUIT INC. 2005 EQUITY INCENTIVE PLAN GRANT AGREEMENT

Restricted Stock Unit

(Service-Based Vesting)

Intuit Inc., a Delaware corporation (the “Company”), hereby grants you a restricted stock unit
award (“Award”) pursuant to the Company’s 2005 Equity Incentive Plan (the “Plan”), for the number
of shares of the Company’s Common Stock, $0.01 par value per share (“Common Stock”) set forth
below. All capitalized terms in this Grant Agreement (“Agreement”) that are not defined in this
Agreement have the meanings given to them in the Plan. This Award is subject to all of the terms
and conditions of the Plan, which is incorporated into this Agreement by reference. This Agreement
is not meant to interpret, extend, or change the Plan in any way, or to represent the full terms of
the Plan. If there is any discrepancy, conflict or omission between this Agreement and the
provisions of the Plan, the provisions of the Plan shall apply.

Name of Participant:

Employee ID:

Address:

Number of Shares:

Date of Grant:

First Vesting Date:

Second Vesting Date:

Subject to the forfeiture provisions set forth in this Agreement, this Award will vest as to 50% of
the Number of Shares on the First Vesting Date set forth above and as to 50% of the Number of
Shares on the Second Vesting Date set forth above, provided you have not Terminated through those
respective dates.

	1.	 	In the event of your Termination prior to the Vesting Date, the following provisions will
govern the vesting of this Award:

	 	(a)	 	Termination Generally: In the event of your Termination prior to the
Vesting Date for any reason other than as expressly set forth in the other subsections
of this Section 1 of the Agreement, this Award will terminate without having vested as
to any of the shares subject to this Award and you will have no right or claim to
anything under this Award.
	 
	 	(b)	 	Termination due to Retirement: In the event of your Termination prior
to the Vesting Date due to your Retirement, you will vest pro-rata in a percentage of
the Number of Shares equal to your number of full months of service since the Date of
Grant divided by thirty-six months, rounded down to the nearest whole share of Intuit
Common Stock, and the Vesting Date under this Agreement will be your Termination Date.
For purposes of this Award, Retirement means the Termination of your employment with
the Company after you have reached age fifty-five (55) and completed ten full years of
service with the Company (including any Parent or Subsidiary).
	 
	 	(c)	 	Termination due to Death or Total Disability: In the event of your
Termination prior to the Vesting Date due to your death or Total Disability after you
have been actively employed by the Company for one year or more, this Award will vest
as to 100% of the Number of the Shares on your Termination Date, and the Vesting Date
under this Agreement will be your Termination Date. For purposes of this Award, Total
Disability is defined in Section 5.6(a) of the Plan.
	 
	 	(d)	 	Termination on or Within One Year Following Corporate Transaction: In
the event of your Termination by the Company or its successor, prior to the Vesting
Date, but on or within one year following the date of a Corporate Transaction, you will
vest pro-rata in a percentage of the Number of Shares equal to your number of full
months of service since the Date of Grant divided by thirty-six

 

 

	 	 	 	months, rounded down to the nearest whole share of Intuit Common Stock, and the Vesting
Date under this Agreement will be your Termination Date. For purposes of this Award,
Corporate Transaction is defined in Section 26(h) of the Plan.

	2.	 	Issuance of Shares under this Award: The Company will issue you the Shares subject
to this Award on the Vesting Date. Until the date the shares are issued to you, you will have
no rights as a stockholder of the Company.
	 
	3.	 	Withholding Taxes: This Award is generally taxable for purposes of United States
federal income and employment taxes upon vesting based on the Fair Market Value on Vesting
Date. To the extent required by applicable federal, state or other law, you shall make
arrangements satisfactory to the Company for the payment and satisfaction of any income tax,
social security tax, payroll tax, payment on account or other tax related to withholding
obligations that arise under this Award and, if applicable, any sale of Shares of the Common
Stock. The Company shall not be required to issue shares of the Common Stock pursuant to this
Award or to recognize any purported transfer of shares of the Common Stock until such
obligations are satisfied. Unless otherwise agreed to by the Company and you, these
obligations will be satisfied by the Company withholding a number of shares of Common Stock
that would otherwise be issued under this Award that the Company determines has a Fair Market
Value sufficient to meet the tax withholding obligations. For purposes of this Award, Fair
Market Value is defined in Section 26(n) of the Plan.
	 
	 	 	You are ultimately liable and responsible for all taxes owed by you in connection with this
Award, regardless of any action the Company takes or any transaction pursuant to this section
with respect to any tax withholding obligations that arise in connection with this Award. The
Company makes no representation or undertaking regarding the treatment of any tax withholding in
connection with the grant, issuance, vesting or settlement of this Award or the subsequent sale
of any of the shares of Common Stock underlying the shares that vest. The Company does not
commit and is under no obligation to structure this Award to reduce or eliminate your tax
liability.
	 
	4.	 	Disputes: Any question concerning the interpretation of this Agreement, any
adjustments to be made thereunder, and any controversy that may arise under this Agreement, shall
be determined by the Committee in accordance with its authority under Section 4 of the Plan.
Such decision by the Committee shall be final and binding.
	 
	5.	 	Other Matters:

	 	(a)	 	The Award granted to an employee in any one year, or at any time, does not
obligate the Company or any subsidiary or other affiliate of the Company to grant an
award in any future year or in any given amount and should not create an expectation
that the Company (or any subsidiary or other affiliate) might grant an award in any
future year or in any given amount.
	 
	 	(b)	 	Nothing contained in this Agreement creates or implies an employment contract
or term of employment or any promise of specific treatment upon which you may rely.
	 
	 	(c)	 	Notwithstanding anything to the contrary in this Agreement, the Company may
reduce your Award if you change classification from a full-time employee to a part-time
employee.
	 
	 	(d)	 	This Award is not part of your employment contract (if any) with the Company,
your salary, your normal or expected compensation, or other renumeration for any
purposes, including for purposes of computing benefits, severance pay or other
termination compensation or indemnity.
	 
	 	(e)	 	Because this Agreement relates to terms and conditions under which you may be
issued shares of Common Stock of Intuit Inc., a Delaware corporation, an essential term
of this Agreement is that it shall be governed by the laws of the State of Delaware,
without regard to choice of law principles of Delaware or other jurisdictions. Any
action, suit, or proceeding relating to this Agreement or the Award granted hereunder
shall be brought in the state or federal courts of competent jurisdiction in Santa
Clara County in the State of California.

2

 

This Agreement (including the Plan, which is incorporated by reference) constitutes the entire
agreement between you and the Company with respect to this Award, and supersedes all prior
agreements or promises with respect to the Award. Except as provided in the Plan, this Agreement
may be amended only by a written document signed by the Company and you. Subject to the terms of
the Plan, the Company may assign any of its rights and obligations under this Agreement, and this
Agreement shall be binding on, and inure to the benefit of, the successors and assigns of the
Company. Subject to the restrictions on transfer of an Award described in Section 14 of the Plan,
this Agreement shall be binding on your permitted successors and assigns (including heirs,
executors, administrators and legal representatives). All notices required under this Agreement or
the Plan must be mailed or hand-delivered, (1) in the case of the Company, to the Company at its
address set forth in this Agreement, or at such other address designated in writing by the Company
to you, and (2) in the case of you, at the address recorded in the books and records of the Company
as your then current home address.

The Company has signed this Award Agreement effective as the Date of Grant.

	 	 	 	 	 
	 	 	INTUIT INC.

2632 Marine Way

Mountain View, California 94043
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Steve Bennett, Chief Executive Officer

3

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