Document:

<PAGE>
                                                                    Exhibit 10.9

                         OTHER INCOME LICENSE AGREEMENT
                           (PRODUCTS AND/OR SERVICES)

     This Agreement is entered into this 19th day of September, 2005,
("Effective Date") between Wal-Mart Stores, Inc. its affiliates, successors and
assigns ("Wal-Mart"), a Delaware corporation with offices at 1300 S.E. 8th
Street, Bentonville, Arkansas and H&R Block Services, Inc., on its behalf, and
on behalf of its affiliates, franchisees, subsidiaries, successors, and assigns
("Licensee"), with offices at 4400 Main Street, Kansas City, Missouri 64111.

     WHEREFORE, Wal-Mart agrees to make space available in certain Wal-Mart
stores for Licensee's tax return preparation services and Licensee agrees to pay
fees and commission to Wal-Mart upon the following terms and conditions:

1. Definitions:

(a) "Promotion" means the tax preparation services offered and provided by
Licensee and its franchisees.

(b) "Site(s)" means an area of space measured at Six (6) Feet deep by Fifteen
(15) Feet wide in which is placed a kiosk with privacy screens at least Five (5)
Feet high around the tax preparation areas.

(c) "Tax Season" means the period beginning on or about the 15th day of January
through the 18th day of April of the relevant year.

(d) "Full Tax Season" begins on or about the 15th day of January and ends on
April 18th or such later date as the Internal Revenue Service permits the filing
of federal income tax returns without an extension of the relevant Tax Season.

(e) "Peak Tax Season" begins on or about the 15th day of January and ends on
March 1st of the relevant Tax Season.

(f) "Tax Timeline" is a timeline describing the various phases and requirements,
and the deadlines for each, in which Licensee and Wal-Mart shall determine which
Wal-Mart stores Licensee or its franchisees may conduct the Promotion for the
relevant Tax Season. An example of a Tax Timeline is attached to, and
incorporated into, this Agreement as Exhibit B.

2. LICENSE. WAL-MART HEREBY GRANTS TO LICENSEE, SUBJECT TO THE TERMS OF THIS
AGREEMENT, THE RIGHT TO OFFER AND CONDUCT TAX PREPARATION SERVICES AT VARIOUS
WAL-MART STORES ON DATES SPECIFIED IN THE RELEVANT TAX TIMELINE. AT NOT TIME
DURING THE TERM OF THIS AGREEMENT MAY THIS LICENSE COMMENCE LATER THAN JANUARY
2ND OF THE RELEVANT TAX SEASON. .

3. Service.

(a) Wal-Mart shall provide Licensee with the Tax Timeline no later than April
1st of the year preceding the relevant Tax Season.

                                       -1-

<PAGE>

                         Other Income License Agreement

(b) Licensee shall comply with all deadlines provided in the relevant Tax
Timeline.

(c) Wal-Mart shall, on or about the date specified in the relevant Tax Timeline,
provide Licensee with a list of stores in which Licensee or its franchisees are
granted a license to conduct the Promotion for the relevant Tax Season (the
"Final List").

(d) Licensee shall conduct the Promotion at a Site on one of the Pre-approved
Locations. Exhibit C, attached and incorporated into this Agreement, sets forth
pre-approved locations within any store on the Final List at which a Site may be
located ("Pre-approved Location(s)").

     (i) Wal-Mart has no obligation to provide, for any reason whatsoever, a
substitute location for the Site other than one of the Pre-approved Locations.

     (ii) If Wal-Mart reasonably determines that a Site requires relocation to
another Preapproved Location but fails to notify the Licensee prior to the
installation of telecommunications at original location, Wal-Mart will reimburse
Licensee for any direct costs incurred, including the cost of moving and
re-establishing telecommunications at the new Preapproved Location.

     (iii) At no time, and regardless of where the Site is located, Wal-Mart
shall not be liable to Licensee or its franchisees for any loss including, but
not limited to, lost profits incurred by Licensee or its franchisees.

(e) Licensee will be released, at its option, from its obligations under this
Agreement to conduct the Promotion at a particular store on the Final List if:

     (i) The Site is located or relocated in an area other than a Pre-approved
Location, or

     (ii) Licensee's franchisee fails to sign an agreement with Licensee under
which the franchisee is contractually obligated to Licensee to conduct the
Promotion at a store on the Final List and Licensee notifies Wal-Mart, in
writing, of this failure within three (3) weeks after the Effective Date.

     (iii) If the Site is located or relocated in an area other than a
Pre-approved Location after telecommunications are installed, and if Licensee
opts to be released from its obligations under this Agreement to conduct the
Promotion at that particular store, Licensor will reimburse Licensee for any
direct costs incurred in the installation of telecommunications at the
Pre-approved Location.

     (iv) Wal-Mart shall not be liable to Licensee or its franchisees for any
loss including, but not limited to, lost profits directly or indirectly incurred
by Licensee or its franchisees as a result of this sub-paragraph.

(f) If Wal-Mart elects to close a store included on the Final List prior to or
during the relevant Tax Season, Wal-Mart shall use commercially reasonable
efforts to provide Licensee with a substitute location; however, Wal-Mart shall
not be liable, under any circumstances, for any loss (including, but not limited
to, lost profits) sustained by Licensee or its franchisees if a substitute
location is not provided. In the event a substitute location is not provided,
Licensee will be released from any obligation in this Agreement to pay future
license fees or future

<PAGE>

                         Other Income License Agreement

commissions related to that closed store. Furthermore, Wal-Mart shall return to
Licensee the pro rata share of any license fee paid in advance of Licensee's use
of the license.

(g) Licensee shall operate the Site(s) Monday through Saturday each week of the
relevant Tax Season at least ten (10) hours a day and for at least five (5)
hours a day on each Sunday in the relevant Tax Season, unless prohibited by
local law. Any variance in working hours must have the prior approval of the
Wal-Mart store manager.

(h) Licensee may elect to cease the Promotion at one or more Site(s) during the
relevant Tax Season provided that Licensee provide the Wal-Mart Other Income
Department with prior notice of each Site Licensee elects to cease the Promotion
no later than February 20th of the relevant Tax Season. Licensee shall remain
liable under this Agreement for all obligations to pay license fees and
commissions for any Site at which it elects to cease its Promotion, just as if
the Promotion was conducted at the Site(s) for the Full Tax Season.

(i) Wal-Mart makes no guaranties that Licensee or its franchisees will be
allowed to conduct the Promotion in the same stores each Tax Season. Licensee
shall, at its own expense, conduct within sixty (60) days following the end of
the relevant Tax Season, a survey of store managers at which the Promotion was
held that measures the store managers' satisfaction with the Promotion and shall
share the results of this survey with the Wal-Mart Other Income Department.
Wal-Mart shall have the right to approve the survey design and substance.

4. Term. This Agreement commences on the latter date on which signed by both
parties and continues through the 30th day of May 2007, unless terminated
earlier in accordance with the provisions of Section 19. This Agreement may not
be renewed or extended.

5. Indemnification.

(a) Supplier agrees to indemnify, defend and hold harmless Wal-Mart, its
affiliates, subsidiaries, successors and assigns and their officers, directors,
agents and employees, from and against any and all losses, damages, injuries,
claims, suits, demands, judgments, decrees, costs, expenses, and liabilities,
including but not limited to reasonable attorneys' fees and court costs, for
property damage, economic injury, and personal injury, including death, which
may be suffered, incurred or asserted by any person in connection with or
arising out of any act or omission of Supplier its affiliates, subsidiaries,
employees, franchisees, agents, or assigns from the breach of this Agreement,
and/or from the operation of the Promotion.

(b) Wal-Mart agrees to indemnify, defend and hold harmless Supplier, its
affiliates, franchisees, subsidiaries, successors and assigns and the officers,
directors, agents and employees of each from and against any and all losses,
damages, injuries, claims, suits, demands, judgments, decrees, costs, expenses
and liabilities, including, but not limited to, reasonable attorneys' fees and
court costs, for property damage and personal injury, including death, which may
be suffered, incurred or asserted by any person arising solely out of any act or
omission of Wal-Mart, and/or the operation of the Store in which the Site is
located. It being expressly understood that under no circumstances will Wal-Mart
be liable to Supplier, its affiliates, subsidiaries, employees, franchisees,
agents, or assigns for lost profits.

<PAGE>

                         Other Income License Agreement

(c) Each party receiving notice of matter that raises the obligation to
indemnify, defend, or hold harmless by either party shall promptly notify the
other party. The party with the obligation under this Agreement to indemnify,
defend, and hold harmless immediately shall take necessary and appropriate
action to protect the interests of the other party. Any counsel, whom Supplier
provides to Defend Wal-Mart, its affiliates, subsidiaries, successors and
assigns and their officers, directors, agents and employees, shall accept, and
acknowledge receipt of, Wal-Mart's Indemnity Counsel Guidelines ("Guidelines")
and shall conduct the Defense of Wal-Mart, its affiliates, subsidiaries,
successors and assigns and their officers, directors, agents and employees,
strictly in accordance with the Guidelines. If Wal-Mart determines that a
conflict of interest exists, Wal-Mart may request Supplier replace or cause to
be replaced the counsel. If the counsel is not timely replaced, Wal-Mart may
replace the counsel, and Supplier, as part of its Indemnity obligation under
this Agreement, shall pay to the new counsel or reimburse to Wal-Mart any and
all fees and expenses as to the new counsel, including all expenses or costs to
change counsel. At all times, each indemnified party shall have the right to
direct its defense, including the right to accept or reject any terms and
conditions requisite to the resolution of any matter for which the other party
is indemnifying, defending, and holding harmless the indemnified party, its
affiliates, franchisees, subsidiaries, successors and assigns and their
officers, directors, agents and employees.

(d) All indemnities, waivers, and obligations to defend in this Agreement are
and shall be (i) independent of, and will not be limited by, each other or any
insurance obligations in this Agreement (whether or not complied with) or
damages or benefits payable under workers' compensation or other statutes and
(ii) will survive the termination of this Agreement. The indemnity, waiver, and
obligation to defend provisions in this Agreement shall include all applicable
law affecting the validity or enforceability of those provisions, and the
applicable law will operate to amend those provisions to the minimum extent
necessary to bring the provisions into conformity with the applicable law. The
provisions, as modified, shall continue in full force and effect. ALL
INDEMNITIES, WAIVERS, AND OBLIGATIONS TO DEFEND IN SECTION 4 OF THIS AGREEMENT
SHALL BE ENFORCED TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW FOR THE
BENEFIT OF THE PARTY BEING INDEMNIFIED.

6. Insurance.

(a) Coverage. Licensee shall procure and maintain during the term of this
Agreement, at Licensee's sole cost and expense, from companies with a rating of
B+ or better and a financial Size Category rating of VII or better, as rated in
the A.M. Best Key Rating Guide for Property and Casualty Insurance Companies,
the following insurance in the amounts and with the conditions set forth:

     (i)  Workers' Compensation insurance with statutory limits or if no
          statutory limits exist, with minimum limits of Five Hundred Thousand
          Dollars ($500,000) per occurrence.

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                         Other Income License Agreement

     (ii) Employer's Liability insurance with minimum limits of Five Hundred
          Thousand Dollars ($500,000) for each employee for bodily injury by
          accident and for each employee for bodily injury by disease.

     (iii) Commercial General Liability insurance, including Personal and
          Advertising Injury, Environmental Liability, Products-Completed
          Operations, Bodily Injury, and Property Damage, with minimum limits of
          Five Hundred Thousand Dollars ($500,000) per occurrence, One Million
          Dollars ($1,000,000) general aggregate, Five Hundred Thousand Dollars
          ($500,000) products-completed operations aggregate, and Five Hundred
          Thousand Dollars ($500,000) personal and advertising injury per
          occurrence. Licensee shall obtain an endorsement to each insurance
          policy to provide aggregate limits per location.

     (iv) Business Automobile Liability insurance with minimum combined single
          limits of Five Hundred Thousand Dollars ($500,000). Licensee shall
          cause each insurance company to provide coverage for liability arising
          out of the operation of owned, hired, and non-owned vehicles.

     (v)  Contractual Liability insurance with minimum limits of One Million
          Dollars ($1,000,000) per occurrence, and Two Million Dollars
          ($2,000,000) general aggregate. Licensee shall obtain an endorsement
          to each insurance policy to provide aggregate limits per location. The
          contractual liability insurance shall not be limited to coverage for
          the Indemnity, Waiver, and obligation to Defend provisions in this
          Agreement, but, instead, the contractual liability insurance shall
          cover all of Licensee's obligations to the fullest extent possible
          under the contractual liability endorsement. Further, the contractual
          liability insurance shall not limit, in any way, coverage provided to
          Wal-Mart and its subsidiaries, affiliates, officers, directors,
          employees, and agents as additional insureds under each of Licensee's
          insurance policies.

     (vi) Umbrella/Excess Liability Insurance with minimum limits of Two Million
          Dollars ($2,000,000). Licensee shall cause each insurance company to
          provide the insurance on an umbrella basis in excess over and no less
          broad than the liability coverage required in this Agreement, with the
          same inception and expiration dates as Commercial General Liability
          insurance, and with coverage that "drops down" for exhausted aggregate
          limits under liability coverage in this Agreement and to issue an
          endorsement with aggregate limits of insurance per location.

(b) Requirements. Licensee shall cause each insurance company (i) to issue the
insurance on an occurrence basis, (ii) to provide defense as an additional
benefit and not within the limits of liability, (iii) to issue an endorsement to
all policies that the policies are primary and that Wal-Mart's policies are
excess, secondary and noncontributing, (iv) to issue an endorsement to all
policies to provide a waiver of subrogation in favor of Wal-Mart, (v) to issue
an endorsement to all policies, except the workers' compensation and employer's
liability insurance policies, to include Wal-Mart and its subsidiaries,
affiliates, officers, directors, employees, and agents as "additional insureds,"
and (vi) to include in each insurance policy a provision that the insurance
company or companies shall not cancel, non-

<PAGE>

                         Other Income License Agreement

renew, or change coverage from the requirements of this Agreement without
providing at least thirty (30) days advance written notice to Wal-Mart. The
insurance company or companies shall not exclude from coverage the negligence,
strict liability, or gross negligence, whether sole or otherwise, of the
"additional insureds." Licensee releases Wal-Mart and its subsidiaries,
affiliates, officers, directors, employees, and agents from any liability
covered by the insurance for which subrogation is waived; the release applies to
any liabilities, no matter how caused, not just to insurance proceeds actually
received. Licensee shall provide to Wal-Mart at least thirty (30) days advance
written notice of any contemplated cancellation, non-renewal, or change in
insurance coverage. Licensee shall provide to Wal-Mart a certified copy of any
and all insurance policies required in this Agreement if Wal-Mart requests a
copy.

(c) Certificates. Licensee shall provide to Wal-Mart's Other Income Department
on or before the Targeted Possession Date a certificate or certificates of
insurance evidencing all required insurance in this Agreement and acceptable to
Wal-Mart. All certificates, among other things, shall:

     (i)  Show Wal-Mart Stores, Inc., its subsidiaries and affiliates as a
          certificate holder and Wal-Mart's address as 702 S.W. 8th Street,
          Bentonville, Arkansas 72716.

     (ii) Show Licensee as the Named Insured.

     (iii) Show the names of the insurance companies providing each coverage,
          their addresses, the policy numbers of each coverage, and policy dates
          of each coverage.

     (iv) Show the name of the person providing the certificate and that
          person's address and telephone number.

     (v)  Contain the signature of an authorized representative of the person
          providing the certificate.

     (vi) Show that each insurance company named Wal-Mart and its subsidiaries,
          affiliates, officers, directors, employees, and agents as additional
          insureds in each insurance policy.

     (vii) Confirm waivers of subrogation.

     (viii) Show the primary status of each insurance policy and the aggregate
          limits per location.

     (x)  Not contain the phrases "endeavor to" and "but failure to mail such
          notice will impose no obligation or liability of any kind upon
          Company, its agents or representatives," or similar phrases

     (ix) Contain the following express provision: "This is to certify that the
          policies of insurance described herein have been issued to the Insured
          for whom this certificate is executed and are in force at this time.
          In the event of cancellation, non-renewal, or material reduction in
          coverage affecting the certificate holder, 30 (thirty) days prior
          written notice will be given to the certificate holder by certified
          mail or registered mail, return receipt requested."

     (x)  Have any and all disclaimers deleted from the certificate.

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                         Other Income License Agreement

     (xi) Fax insurance certificate to the attention of: Wal-Mart Other Income
          Department Fax # (479) 273-4100

(d) Breach; Indemnity. Licensee's failure to procure and maintain the required
insurance shall constitute a material breach of, and default under, this
Agreement. Licensee shall indemnify, defend, and hold harmless Wal-Mart, its
affiliates, subsidiaries, successors and assigns and their officers, directors,
agents and employees, from and against any losses, damages, injuries, claims,
suits, demands, judgments, decrees, costs, expenses, and liabilities, including
but not limited to reasonable attorneys' fees and court costs, for property
damage, economic injury, and personal injury, including death, which may be
suffered, incurred or asserted by any person arising from Licensee's failure to
procure and/or maintain the insurance.

7. Compliance.

(a) Compliance with Regulations. Licensee shall comply with all federal, state,
and local laws, rules, orders, directives and regulations (collectively
"Regulations") pertaining to its operations within the Site, including but not
limited to the Age Discrimination in Employment Act of 1967, as amended, 29
U.S.C. Section 621 et seq.; the Americans with Disabilities Act of 1990, 42
U.S.C. Section 12101 et seq.; the Child Labor Act, 29 U.S.C. Section 212 et
seq.; the Civil Rights Act of 1964, as amended, 42 U.S.C. Section 2000e et seq.;
the Economic Dislocation and Worker Adjustment Act, 29 U.S.C. Section 565 et
seq.; the Employee Polygraph Protection Act of 1988, 29 U.S.C. Section 2001 et
seq.; the Equal Pay Act of 1963, 29 U.S.C. Section 201 et seq.; the Fair Labor
Standards Act of 1938, as amended, 29 U.S.C. Section 201 et seq.; the Family and
Medical Leave Act of 1993, 29 U.S.C. Section 2601 et seq.; the Immigration
Reform and Control Act of 1986, 8 U.S.C. Section 1324a et seq.; the Occupational
Safety and Health Act of 1970, 29 U.S.C. Section 553 et seq.; the Older Worker
Benefit Protection Act, 29 U.S.C. Section 621 et seq.; and the Omnibus Budget
Reconciliation Act of 1986, 29 U.S.C. Section 623 et seq. and all applicable
banking laws, statutes, and regulations. Licensee waives any claim it may have
against Wal-Mart regarding any changes Wal-Mart may make in the Store or the
Site necessary to comply with such Regulations.

(b) Immigration Compliance. Licensee further warrants and covenants that as to
all persons who work in the Site, Licensee has (i) complied, and shall at all
times during the term of this Agreement comply, in all respects with the
Immigration Reform and Control Act of 1986, as amended, the Illegal Immigration
Reform and Immigrant Responsibility Act of 1996, as amended, and all of the
laws, rules and regulations relating thereto, (ii) properly maintained, and
shall at all times during the term of this Agreement properly maintain, all
records required by the United States Citizenship and Immigration Services (the
"USCIS"), including, without limitation, the completion and maintenance of the
Form I-9 for each of Licensee's employees, and shall at all times during the
term of this Agreement respond, in a timely fashion to any inspection requests
related to such I-9 Forms. During the term of this Agreement, Licensee shall,
and shall cause its directors, officers, managers, agents and employees to,
fully cooperate in all respects with any audit, inquiry, inspection or
investigation that may be conducted by the USCIS of Licensee or any of its
employees with respect to employees working in the Site. Wal-Mart may, in its
sole discretion, terminate this

<PAGE>

                         Other Income License Agreement

Agreement immediately if, at any time during the term, (i) Licensee violates or
is in breach of any provision of this Section or (ii) the USCIS determines that
Licensee has not complied with the Immigration Reform and Control Act of 1986,
as amended, the Illegal Immigration Reform and Immigrant Responsibility Act of
1996, as amended, or any of the laws, rules and regulations relating thereto.

(c) Compensation of Licensee's Employees. Licensee warrants that it shall comply
with all federal, state, and local laws, ordinances, statutes, rules, and
regulations governing the employment of its workers, including, but not limited
to, Licensee warrants that it shall be responsible exclusively for all
compensation, salary, and any other remuneration due to individuals who work in
the Site. Licensee further warrants that should Wal-Mart be named as a
respondent or defendant in any administrative or judicial proceeding based upon
an alleged violation of any federal, state or local law, regulation or ordinance
arising out of the Licensee's employment of individuals performing work at the
Site under this Agreement, Licensee shall indemnify, defend and hold harmless
Wal-Mart from any and all liability due to the Licensee's actions. If Licensee
breaches this provision, Wal-Mart may terminate this Agreement immediately, in
its sole discretion.

8. Independent Contractor. It is expressly understood and agreed that the
relationship created between Licensee and Wal-Mart by this Agreement is that of
independent contractor, and except as set forth in this Agreement, neither party
shall have the right to direct and control the day-to-day activities of the
other or to create or assume any obligation on behalf of the other party for any
purpose whatsoever. Nothing in this Agreement shall be deemed to constitute the
parties as partners, joint venturers, co-owners or otherwise as participants in
a joint or common undertaking, and neither party shall be determined hereby to
be the owner of the assets, customers, or business of the other. Except as set
forth in this Agreement, all financial obligations associated with each party's
business are the sole responsibility of that party.

9. Tax Numbers and Operator's Licenses. Licensee agrees to secure all sales tax
numbers, operator's licenses, and local, state, and/or federal authorities may
require any other licensing in accordance with applicable law as. Wal-Mart is
not responsible for determining which tax numbers and licenses are required and
shall not be liable for any fees, fines, or penalties imposed on Licensee for
failure to obtain the necessary licenses and/or tax numbers. Licensee shall not
use Wal-Mart's tax numbers and licenses. Licensee agrees it will pay all
appropriate tax liabilities levied upon its operation of its Promotion.

10. Maintenance. Licensee shall be responsible for maintenance of the Site(s).
Licensee shall keep the Site(s) clean, free of hazards, and safe for customers
and associates. Licensee shall not be responsible for maintenance of any areas
outside the Site(s) including, without limitation, any condition pertaining to
the buildings or the areas in or about the buildings at which the Promotion is
located.

11. Construction. Licensee shall be responsible for any and all expenses,
related to the construction of the kiosks on the Sites, including but not
limited to demolition, electrical,

<PAGE>

                         Other Income License Agreement

carpentry, utilities, and plumbing. However, no changes to the premises will be
allowed without the prior written consent of Wal-Mart. Licensee shall obtained
all necessary permits required for construction and comply with all applicable
building codes.

12. Utilities. Licensee shall be allowed to use existing electrical utility
service at the store for basic operation of the Promotion at no additional
charge over the amount set forth in section 16 below. Licensee, however, shall
be responsible for its telephone equipment, installation, and charges.

13. Signage. At all locations where Licensee is conducting the Promotion, there
shall exist conspicuous and clearly visible signage informing prospective
customers: (a) that a free estimate for providing tax return preparation
assistance to meet customers needs will be provided prior to the customer being
committed to use Promotion services; (b) a toll free Telephone number where
customers may address any problems and receive prompt response or resolution to
the problem identified, and (c) the hours of operation. Wal-Mart hereby grants
Licensee, its affiliates, its franchisees, and agents, reasonable rights of
access necessary to install and maintain mutually agreed upon signage promoting
the Promotion within or on the assigned kiosk space at the assigned store.

14. Liability and Responsibility for Equipment. Wal-Mart will not be responsible
nor be held liable for any injury or damage to any person or property resulting
from use, misuse, or failure of any equipment used by Licensee or any of its
affiliates, subsidiaries, employees, franchisees, agents, or assigns even if
such equipment is furnished, rented, or loaned to Licensee by Wal-Mart. The
acceptance of use of any such equipment by Licensee or any of its employees or
agents shall be construed to mean that Licensee accepts full responsibility for
and agrees to indemnify Wal-Mart against any and all loss, liability, and claims
for injury or damage whatsoever resulting from the use, misuse, or failure of
such equipment.

15. Adoption of Wal-Mart Policy. Licensee shall ensure that any employee, agent,
or representative assigned by Licensee to the Promotion will be suitable for the
Promotion consistent with the first-class operations and facilities of Wal-Mart.
Such employees shall at all times while on the Wal-Mart premises be
appropriately attired, trained, and groomed and shall maintain a pleasant and
courteous attitude toward customers. Wal-Mart shall provide a copy of the
Wal-Mart Tenant Handbook ("Handbook") to Licensee. Licensee shall comply with
and shall require its employees, agents, and representatives to comply with the
guidelines set forth in the Handbook. At the request of Wal-Mart, Licensee shall
reassign any of its employees, agents, or representatives that fail to comply
with the provisions herein or notify it's franchisee of such request as
appropriate. Licensee shall conduct the Promotion consistent with Wal-Mart's
policy of guaranteeing customer satisfaction. Licensee shall conduct at least
two (2) random personal visits of each Site during the tax season to ensure
compliance with all Licensee's and Wal-Mart's rules and regulations.

16. License Fee; Commission; and Report.

(a) Licensee shall pay an annual license fee to Wal-Mart in three (3) equal
installments on or before January 31st, February 28th, and March 31st of each
Tax Season as follows:

<PAGE>

                         Other Income License Agreement

     (i) Supercenters: The annual license fee for Tax Season 2006 is $6300 per
     Site and increases to $6500 for Tax Season 2007.

     (ii) Division 1 Stores: The annual license fee for Tax Season 2006 is $4600
     per Site and increases to $4800 for Tax Season 2007.

(b) Licensee shall pay to Wal-Mart a commission on or before April 30th of each
Tax Season as provided in the below schedule:

     (i) Supercenters:

<TABLE>
<CAPTION>
Number of Tax Returns Prepared Per Site   Commission Due
---------------------------------------   --------------
<S>                                       <C>
If between 401 and 650:                        $ 500
If between 651 and 850                         $1100
If between 851 and 1100                        $1700
If between 1101 and 1300                       $2300
If between 1301 and 1400                       $2900
If more than 1401                              $3500
</TABLE>

     (ii) Division 1 Stores:

<TABLE>
<CAPTION>
Number of Tax Returns Prepared Per Site   Commission Due
---------------------------------------   --------------
<S>                                       <C>
If between 401 and 600                         $ 500
If between 601 and 800                         $1100
If between 801 and 1000                        $1700
If more than 1000                              $2300
</TABLE>

(c) Licensee Reports showing the number of tax returns prepared for the month(s)
shall be submitted on or before the date each commission is due. All reports
shall be submitted to Wal-Mart leasing operations and all payments made via wire
transfer to the following account: [BANK NUMBER, ROUTING NUMBER, ACCOUNT
NUMBER]. H&R Block, Inc. guarantees all payments due to Wal-Mart hereunder. The
failure to make timely payment of an amount due to Wal-Mart hereunder shall
constitute a material breach of this Agreement.

(d) In the event that a Wal-Mart store designation is changed from a Division 1
or Supercenter to the other format during a Tax Season, then any amount due from
Licensee pursuant to this Section 16 shall be determined for the entire Tax
Season based upon the designation of such store as of January 15.

17. Audit. At Wal-Mart's expense, Wal-Mart may audit such books and records of
Licensee its affiliates, subsidiaries, employees, franchisees, or assigns
necessary to determine the number of federal tax returns prepared or gross
revenue generated at each Site. Notwithstanding the foregoing, Wal-Mart shall
not have access to or be entitled to review any taxpayer information, and all
Customer files and Customer information shall remain the property of Licensee.
Wal-Mart shall give Licensee at least seven days notice of any such audit, and
all such audits shall be conducted during regular business hours unless the
parties otherwise agree. Wal-Mart shall not attempt to schedule any audit to
take place during the

<PAGE>

                         Other Income License Agreement

Tax Season. The audit shall be conducted at the place where the records relating
to tax returns prepared at the Site(s) are maintained.

18. Assignment/Transfer. The License granted by this Agreement is personal to
the Licensee and is not assignable. Any attempt to assign this License or this
Agreement terminates the license privileges granted herein. Notwithstanding the
foregoing, Licensee may delegate to its franchisee(s) the responsibility of
conducting the Promotion at certain Wal-Mart stores, but such a delegation does
not relieve Licensee from its obligations under this Agreement.

19. Termination.

(a) This Agreement creates a license only. Licensee acknowledges that Licensee
is not vested with and shall not claim any estate in the Site, location, or
property by virtue of this Agreement or by virtue of Licensee's use of the Site,
location, or property. Licensee acknowledges that in no event is the
relationship between the parties a so-called "landlord-tenant" relationship, and
Licensee irrevocably waives any tenant's rights or remedies available under
otherwise applicable "landlord-tenant" laws.

(b) Termination of either this Agreement or the License granted herein
terminates the other in the entirety.

(c) Either party may terminate this Agreement upon material breach by the other
party if the breaching party fails to cure the breach within fifteen (15) days
of receiving notice from the non-breaching party of such breach.

(d) Either party may terminate this Agreement without cause by providing written
notice of the termination to the other party any time between April 16th and May
1st preceding the relevant Tax Season.

(e) Licensee shall remove all of its equipment and property from the Site(s)
within the first fifteen (15) days following the termination of this Agreement.
All costs of such removal are the responsibility of Licensee. In the event
Licensee fails to remove its equipment, Wal-Mart may elect to consider any
equipment or property to be abandoned and may dispose of the equipment or
property by any reasonable means necessary to free the space. Wal-Mart shall
charge Licensee all related costs.

20. Financial Services. Licensee covenants and warrants that neither it nor its
affiliates, subsidiaries, employees, franchisees, agents, or assigns shall
directly offer any financial services in any Wal-Mart store to Wal-Mart
customers or shoppers other than the tax return preparation services that are
provided as a part of the Promotion. Notwithstanding the foregoing, where
allowed by law, Licensee may contact any of its clients outside of any Wal-Mart
store about the client's interest in financial services and may offer in the
course of the Promotion its refund settlement products including, without
limitation, refund anticipation loans, refund anticipation checks, and IRA's.
Any breach of this section shall be deemed a material breach of this Agreement
entitling Wal-Mart to terminate this Agreement pursuant to Section 19.

<PAGE>

                         Other Income License Agreement

21. Governing Law; Jurisdiction; Venue. This Agreement shall be governed by and
construed in accordance with the laws of the State of Arkansas, without regard
to the internal law of Arkansas regarding conflicts of laws. The parties
mutually consent and submit to the exclusive jurisdiction of the federal and
state courts for Benton or Washington County, Arkansas, and agree that any
action, suit or proceeding concerning this Agreement or any of the related
agreements which may be entered into between Wal-Mart and Licensee shall be
brought only in the federal or state courts for Benton or Washington County,
Arkansas. The parties mutually acknowledge and agree that they will not raise,
in connection with any such suit, action or proceeding brought in any federal or
state court for Benton or Washington County, Arkansas, any defense or objection
based upon lack of personal jurisdiction, improper venue, or inconvenience of
forum. THE PARTIES ACKNOWLEDGE THAT THEY HAVE READ AND UNDERSTAND THIS CLAUSE
AND AGREE WILLINGLY TO ITS TERMS, AND LICENSEE ACKNOWLEDGES THAT IT HAS RECEIVED
CONSIDERATION FOR AGREEING TO ITS TERMS.

22. Notices. Any notice of breach or termination of this Agreement by either
party shall be in writing and addressed as follows and shall be deemed given
when delivered in person or by courier or on the third business day after being
mailed, postage prepaid, by certified mail, return receipt requested. Any other
notice given in connection with this Agreement shall be in writing and addressed
as follows and shall be deemed given when first class mail is received:

     If to Wal*Mart:   Wal-Mart Stores, Inc.
                       Attention: Leasing Operations
                       1300 SE 8th Street
                       Bentonville, AR 72716-0850

     With a copy to:   Wal-Mart Stores, Inc. Legal Department
                       Attention: General Counsel - Wal-Mart Stores Division
                       702 S.W. 8th Street
                       Bentonville, AR 72712-0185

     If to Licensee:   H&R Block Services, Inc.
                       Attention: Kelli Herr
                       4400 Main St.
                       Kansas City, MO 64111

     With a copy to:   H&R Block Services, Inc.
                       Attention: Legal Department
                       4400 Main St.
                       Kansas City, MO 64111

23. Use of Wal-Mart's Name. Licensee understands that listing Wal-Mart as a
customer has value and therefore agrees that except as provided below, Licensee,
its affiliates, subsidiaries, employees, franchisees, agents, or assigns will
not use Wal-Mart's trade names,

<PAGE>

                         Other Income License Agreement

trademarks, service names, service marks, or logos without Wal-Mart's prior
written consent. In addition, neither Licensee nor its affiliates, subsidiaries,
employees, franchisees, agents, or assigns, will list Wal-Mart as a customer in
any press releases, advertisements, trade shows, posters, reference lists, or
similar public announcements without Wal-Mart's prior written permission.
However, permission will not be required for Licensee to communicate to its
current or potential customers that Licensee is engaged in the Promotion at
participating locations. Licensee may also verbally reference Wal-Mart as a
customer in private conversations with or private letters to prospective
Licensee customers. Wal-Mart agrees that it will not use the Licensee's name
without Licensee's permission, other than to advertise the fact that Licensee is
engaged in the Promotion at participating Wal-Mart stores. Wal-Mart shall not
permit advertising at any store where a Site is located by any person or entity,
other than Licensee, relating to the operation of a tax preparation or related
business at any other Wal-Mart store.

24. Exclusivity. Wal-Mart has or may have relationships with other Wal-Mart
Other Income Licensees, or other persons or entities, who or which are engaged
in providing services and products similar to or competitive with the Promotion
at certain Wal-Mart Stores; and Licensee has or may have relationships with
other retailers to provide tax return preparation services at or from locations
operated by such other retailers. Licensee and Wal-Mart agree that neither
Wal-Mart's relationship with such other tax return preparation businesses, nor
Licensee's relationship with such other retailers, gives rights of any kind to
the other party to this Agreement. Notwithstanding the foregoing provisions of
this Section, Wal-Mart agrees that it will not allow any person or entity other
than Licensee to offer tax return preparation services (at any store from time
to time designated on Exhibit A) provided, however, Wal-Mart shall not be
prohibited from entering into relationships with other tax return preparation
providers as to any stores listed on Exhibit A that Licensee has elected not to
operate the Promotion at, or that Licensee has de-listed pursuant to paragraph 2
above, by September 18 of the year preceding the Tax Season.

25. Entire Agreement. This Agreement, together with any exhibits, schedules or
other writing attached hereto or incorporated by reference herein, constitutes
the entire agreement between the parties with respect to the subject matter of
this Agreement, and all prior and contemporaneous negotiations, agreements, and
understandings are hereby superseded, merged and integrated into this Agreement.

26. No Claim for Lost Profits. Licensee its affiliates, subsidiaries, employees,
franchisees, agents, or assigns expressly waive any claim against Wal-Mart for
lost profits and incidental and consequential damages in connection with this
Agreement. Licensee its affiliates, subsidiaries, employees, franchisees,
agents, or assigns agree that any damages as against Wal-Mart shall be limited
to the amount paid to Wal-Mart hereunder, except that claims for indemnification
under paragraph 4(b) shall not be subject to this limitation.

     In witness whereof, Wal-Mart and Licensee hereto execute this Agreement on
the date and year first written above.

<PAGE>

                         Other Income License Agreement

Wal-Mart Stores, Inc.                   H&R Block Services, Inc.

By: /s/ Glenn Habern                    By: /s/ Betsy L. Stephens
    ---------------------------------       ------------------------------------
    Glenn Habern                            Betsy L. Stephens
    Title: Senior Vice President,       Title Senior Vice President,
           New Business Development           Products & Distribution<PAGE>
                                                                   Exhibit 10.10

                              EMPLOYMENT AGREEMENT

          THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into as of the 27th
day of September, 2005, by and between HRB Management, Inc., a Missouri
Corporation (the "Company"), and Jeff Nachbor ("Executive").

                                   ARTICLE ONE
                                   EMPLOYMENT

          1.01 - Agreement as to Employment. Effective ______________ (the
"Employment Date"), the Company hereby employs Executive to serve in the
capacity set forth in Section 1.02, and Executive hereby accepts such employment
by the Company, subject to the terms of this Agreement. The Company reserves the
right, in its sole discretion, to change the title of Executive at any time.

          1.02 - Duties.

          (a) Executive is employed by the Company to serve as its Senior Vice
President - Corporate Controller, subject to the authority and direction of the
Board of Directors of the Company and the Chief Financial Officer - Executive
Vice President of H&R Block, Inc. a Missouri Corporation. Subject to the
foregoing, Executive will have such authority and responsibility and duties as
stated in the job description for the position of Senior Vice President -
Corporate Controller, which has been provided to Executive on or before the
Employment Date. The Company reserves the right to modify, delete, add, or
otherwise change Executive's job responsibilities and job description, in its
sole discretion, at any time. Executive will perform such other duties, which
may be beyond the scope of the job description, as are assigned to Executive
from time to time.

          (b) So long as Executive is employed under this Agreement, Executive
agrees to devote Executive's full business time and efforts exclusively on
behalf of the Company and to competently and diligently discharge Executive's
duties hereunder. Executive will not be prohibited from engaging in such
personal, charitable, or other nonemployment activities that do not interfere
with Executive's full-time employment hereunder and that do not violate the
other provisions of this Agreement or the H&R Block, Inc. Code of Business
Ethics & Conduct, which Executive acknowledges having read and understood.
Executive will comply fully with all policies of the Company as are from time to
time in effect and applicable to Executive's position. Executive understands
that the business of H&R Block, Inc. ("Block"), the Company, and/or any other
direct or indirect subsidiary of Block (each such other subsidiary an
"Affiliate") may be subject to governmental regulation, some of which may
require Executive to submit to background investigation as a condition of Block,
the Company, and/or Affiliates' participation in certain

                                       1

<PAGE>

activities subject to such regulation. If Executive, Block, the Company, or
Affiliates are unable to participate, in whole or in part, in any such activity
as the result of any action or inaction on the part of Executive, then this
Agreement and Executive's employment hereunder may be terminated by the Company
without notice.

          1.03 - Compensation.

          (a) Hiring Bonus. The Company shall pay to Executive a $40,000 bonus
(less applicable taxes) to be paid on the first regular pay date following 30
days of employment and upon receipt of an executed Hiring Bonus Acknowledgement,
Repayment Agreement (attached hereto as Exhibit A).

          (b) Base Salary. The Company will pay to Executive a gross salary at
an annual rate of $275,000 ("Base Salary"), payable semimonthly or at any other
pay periods as the Company may use for its other executive-level employees. The
Base Salary will be reviewed for adjustment from time to time during the term of
Executive's employment hereunder and, if adjusted, such adjusted amount will
become the "Base Salary" for purposes of this Agreement.

          (c) Short-Term Incentive Compensation. Executive shall participate in
the H&R Block short-term incentive program that is based on the H&R Block
Short-Term Incentive Plan (the "Program") as applicable to executives of the
Company for its fiscal year 2006. Under such Program, Executive shall have an
aggregate target incentive award equal to $110,000 (40% of base salary), and an
opportunity to earn 0% to 200% of such target bonus. The payment of the actual
award under such Program shall be based upon such performance criteria which
shall be determined by the Compensation Committee of Block. Under such Program
for fiscal year 2006 only, Executive's actual incentive compensation shall be
prorated based upon Executive's actual gross wages for the fiscal year, provided
that Executive must remain employed through April 30, 2006 to receive any
payments under the Program. Such incentive compensation shall be paid to
Executive following the completion of fiscal year 2006 when the same is paid to
other senior executives of the Company.

          (d) Stock Options. As authorized under the H&R Block 2003 Long-Term
Executive Compensation Plan, as amended (the "2003 Plan"), on the Employment
Date, Executive shall receive a stock option award under the 2003 Plan to
purchase shares of Block's common stock with a total value of approximately
$100,000. The number of shares of Block's common stock and the option price per
share shall be determined by the stock's closing price on the New York Stock
Exchange on the Employment Date. Such option shall expire on the tenth
anniversary of the Employment Date (date of grant); to vest and become
exercisable as to one-third of the shares covered thereby on the first
anniversary of the date of grant, as to an additional one-third of such shares
on the second anniversary of the date of grant, and as to the remaining
one-third of the shares on the third anniversary of the date of grant; to be an
incentive stock option for the maximum number of shares permitted by Internal
Revenue Code Section 422 and the regulations promulgated thereunder; and to
otherwise be a nonqualified stock option. Any non-vested portion of stock

                                       2

<PAGE>

options awarded pursuant to this Section 1.03(d) shall vest upon a "Change of
Control" (as such term is defined in the Stock Option Agreement) pursuant to the
terms of the Stock Option Agreement.

          (e) Restricted Stock. Executive shall be awarded on the Employment
Date, a long-term incentive award with a total value of approximately $100,000
in Restricted Shares of Block's common stock under the 2003 Plan. The number of
shares of Block's common stock and the value of each such restricted share shall
be determined by the stock's closing price on the New York Stock Exchange on the
Employment Date. One-third of the shares shall vest (i.e., the restrictions on
such shares shall terminate), respectively, on each of the first three
anniversaries following such employment commencement date (in increments of 1/3
of the total shares awarded rounded to the nearest whole share). Prior to the
time such Restricted Shares are so vested, (i) such Restricted Shares shall be
nontransferable, and (ii) Executive shall be entitled to receive any cash
dividends payable with respect to unvested Restricted Shares and vote such
unvested Restricted Shares at any meeting of shareholders of Block.

          1.04 - Relocation Benefits.

          (a) The Company will reimburse Executive for reasonable packing,
shipping, transportation costs and other expenses incurred by Executive in
relocating Executive, Executive's family and personal property to the Greater
Kansas City Area, in accordance with the H&R Block Executive Relocation Program.

          (b) To the extent that Executive incurs taxable income related to any
relocation benefits paid pursuant to this Agreement, the Company will pay to
Executive such additional amount as is necessary to "gross up" such benefits and
cover the anticipated income tax liability resulting from such taxable income.

          1.05 - Business Expenses. The Company will promptly pay directly, or
reimburse Executive for, all business expenses, to the extent such expenses are
paid or incurred by Executive during the term hereof in accordance with the
Company's policy in effect from time to time and to the extent such expenses are
reasonable and necessary to the conduct by Executive of the Company's business.

          1.06 - Fringe Benefits. During the term of Executive's employment
hereunder, and subject to the discretionary authority given to the applicable
benefit plan administrators, the Company will make available to Executive such
insurance, sick leave, deferred compensation, short-term incentive compensation,
bonuses, stock options, restricted stock, retirement, vacation, and other like
benefits as are approved and provided from time to time to the other
executive-level employees of the Company or Affiliates, including but not
limited to, entitling the Executive to participate in the H&R Block Deferred
Compensation Plan and the H&R Block Executive Survivor Plan (the "ESP"),
according to the provisions of such plans. In connection with the Executive's
participation in the ESP, Executive shall be eligible to participate in the ESP
on the earliest date

                                       3

<PAGE>

following the Employment Date on which the insurance carrier under the ESP
approves Executive's coverage under the ESP and completes such administrative
procedures as are necessary to enroll Executive in the ESP.

          1.07 - Termination of Employment.

          (a) Without Notice. The Company may, at any time, in its sole
discretion, terminate this Agreement and the employment of Executive without
notice in the event of:

               (i) Executive's misconduct that interferes with or prejudices the
     proper conduct of the business of Block, the Company or any Affiliate or
     which may reasonably result in harm to the reputation of Block, the Company
     and/or any Affiliate; or

               (ii) Executive's commission of an act materially and demonstrably
     detrimental to the goodwill of Block or any subsidiary of Block, which act
     constitutes gross negligence or willful misconduct by Executive in the
     performance of Executive's material duties to Block or such subsidiary; or

               (iii) Executive's commission of any act of dishonesty or breach
     of trust resulting or intending to result in material personal gain or
     enrichment of Executive at the expense of Block or any subsidiary of Block;
     or

               (iv) Executive's violation of Article Two or Three of this
     Agreement; or

               (v) Executive's conviction of a misdemeanor (involving an act of
     moral turpitude) or a felony; or

               (vi) Executive's failure to discharge Executive's duties; or

               (vii) Executive's suspension by the Internal Revenue Service from
     participation in the Electronic Filing Program; or

               (viii) The inability of Executive, Block, the Company, and/or an
     Affiliate to participate, in whole or in part, in any activity subject to
     governmental regulation as the result of any action or inaction on the part
     of Executive, as described in Section 1.02(b); or

               (ix) Executive's death or total and permanent disability. The
     term "total and permanent disability" will have the meaning ascribed
     thereto under any long-term disability plan maintained by the Company or
     Block for executives of the Company.

          (b) With Notice. Either party may terminate this Agreement for any
reason, or no reason, by providing not less than 45 days' prior written notice
of such termination to the other party, and, if such notice is properly given,
this Agreement and Executive's employment hereunder

                                       4

<PAGE>

will terminate as of the close of business on the 45th day after such notice is
deemed to have been given or such later date as is specified in such notice.

          (c) Termination Due to a Change of Control.

               (i) If Executive terminates Executive's employment under this
     Agreement during the 180-day period following the date of the occurrence of
     a "Change of Control" of Block then, upon any such termination of
     Executive's employment and conditioned on Executive's execution of an
     agreement with the Company under which Executive releases all known and
     potential claims against Block, the Company, and Affiliates, the Company
     will provide Executive with Executive's election (the "Change of Control
     Election") of the same level of severance compensation and benefits as
     would be provided under the H&R Block Severance Plan (the "Severance Plan")
     as the Severance Plan exists either (A) on the date of this Agreement or
     (B) on Executive's last day of active employment by the Company or any
     Affiliate (the "Last Day of Employment"), as if Executive had incurred a
     "Qualifying Termination" (as such term is defined in the Severance Plan);
     provided, however, (1) Executive will be credited with no less than 12
     "Years of Service" (as such term is defined in the Severance Plan) for the
     purpose of determining severance compensation under Section 4(a)(i) of the
     Severance Plan as it exists on the date of this Agreement or the comparable
     section of the Severance Plan as it exists on Executive's Last Day of
     Employment, notwithstanding any provision in the Severance Plan to the
     contrary, and (2) all restrictions on any nonvested Restricted Shares
     awarded to Executive pursuant to Section 1.03(e) of this Agreement shall
     terminate (and such Restricted Shares shall be fully vested),
     notwithstanding any provision in the Severance Plan to the contrary. The
     Severance Plan as it exists on the date of this Agreement is attached
     hereto as Exhibit B. Executive must notify the Company in writing within 5
     business days after Executive's Last Day of Employment of Executive's
     Change of Control Election. Severance compensation and benefits provided
     under this Section 1.07(c) will terminate immediately if Executive violates
     Sections 3.02, 3.03, or 3.05 of this Agreement or becomes reemployed with
     the Company or an Affiliate.

               (ii) For the purpose of this subsection, a "Change of Control"
     means:

                    (A) the acquisition, other than from Block, by any
          individual, entity or group (within the meaning of Section 13(d)(3) or
          14(d)(2) of the Securities Exchange Act of 1934, as amended (the
          "Exchange Act")), of beneficial ownership (within the meaning of Rule
          13d-3 promulgated under the Exchange Act) of 35% or more of the then
          outstanding voting securities of Block entitled to vote generally in
          the election of directors, but excluding, for this purpose, any such
          acquisition by Block or any of its subsidiaries, or any employee
          benefit plan (or related trust) of Block or its subsidiaries, or any
          corporation with respect to which, following such acquisition, more
          than 50% of the then outstanding voting securities of such corporation
          entitled to vote generally in the election of directors is then
          beneficially

                                       5

<PAGE>

          owned, directly or indirectly, by all or substantially all of the
          individuals and entities who were the beneficial owners of the voting
          securities of Block immediately prior to such acquisition in
          substantially the same proportion as their ownership, immediately
          prior to such acquisition, of the then outstanding voting securities
          of Block entitled to vote generally in the election of directors, as
          the case may be; or

                    (B) individuals who, as of the date hereof, constitute the
          Board (as of the date hereof, the "Incumbent Board") cease for any
          reason to constitute at least a majority of the Board, provided that
          any individual or individuals becoming a director subsequent to the
          date hereof, whose election, or nomination for election by Block's
          shareholders, was approved by a vote of at least a majority of the
          Board (or nominating committee of the Board) will be considered as
          though such individual were a member or members of the Incumbent
          Board, but excluding, for this purpose, any such individual whose
          initial assumption of office is in connection with an actual or
          threatened election contest relating to the election of the directors
          of Block (as such terms are used in Rule 14a-11 of Regulation 14A
          promulgated under the Exchange Act); or

                    (C) the completion of a reorganization, merger or
          consolidation approved by the shareholders of Block, in each case,
          with respect to which all or substantially all of the individuals and
          entities who were the respective beneficial owners of the voting
          securities of Block immediately prior to such reorganization, merger
          or consolidation do not, following such reorganization, merger or
          consolidation, beneficially own, directly or indirectly, more than 50%
          of the then outstanding voting securities entitled to vote generally
          in the election of directors of the corporation resulting from such
          reorganization, merger or consolidation, or a complete liquidation or
          dissolution of Block, as approved by the shareholders of Block, or the
          sale or other disposition of all or substantially all of the assets of
          Block, as approved by the shareholders of Block.

          (d) Severance. Executive will receive severance compensation and
benefits as would be provided under the Severance Plan, as the same may be
amended from time to time, if Executive incurs a "Qualifying Termination," as
such term is defined in the Severance Plan (and without regard to whether the
termination is with or without notice under this Agreement), and executes an
agreement with the Company under which Executive releases all known and
potential claims against Block, the Company, and Affiliates. Such compensation
and benefits will be Executive's election (the "Severance Election") of the same
level of severance compensation and benefits as would be provided under the
Severance Plan as such plan exists either (A) on the date of this Agreement or
(B) Executive's Last Day of Employment; provided, however, (1) the "Severance
Period" (as such term is defined in the Severance Plan) will be 6 months,
notwithstanding any provision in the Severance Plan to the contrary, and (2)
Executive will be credited with not less than 6 "Years of Service" (as such term
is defined in the Severance Plan) for the purpose of determining severance
compensation under Section 4(a) of the Severance Plan as

                                       6

<PAGE>

it exists on the date of this Agreement or the comparable section of the
Severance Plan as it exists on Executive's Last Day of Employment,
notwithstanding any provision in the Severance Plan to the contrary, and (3) all
restrictions on any Restricted Shares awarded to Executive that would have
vested in accordance with their terms by reason of lapse of time within 18
months after the effective date of the termination of employment (absent such
termination of employment) shall terminate (and such Restricted Shares shall be
fully vested) and any Restricted Shares that would not have vested in accordance
with their terms by reason of lapse of time within 18 months after the effective
date of termination of employment shall be forfeited, notwithstanding any
provision of the Severance Agreement to the contrary. The Severance Plan as it
exists on the date of this Agreement is attached hereto as Exhibit B. Executive
must notify the Company in writing within 5 business days after Executive's Last
Day of Employment of Executive's Severance Election. Severance compensation and
benefits provided under this Section 1.07(d) will terminate immediately if
Executive violates Sections 3.02, 3.03, or 3.05 of this Agreement or becomes
reemployed with the Company or an Affiliate.

          (e) Further Obligations. Upon termination of Executive's employment
under this Agreement, neither the Company, Block, nor any Affiliate will have
any further obligations under this Agreement and no further payments of Base
Salary or other compensation or benefits will be payable by the Company, Block,
or any Affiliate to Executive, except (i) as set forth in this Section 1.07,
(ii) as required by the express terms of any written benefit plans or written
arrangements maintained by the Company or Block and applicable to Executive at
the time of such termination of Executive's employment, or (iii) as may be
required by law. Any termination of this Agreement, however, will not be
effective as to Sections 3.02, 3.03 and 3.05, or any other portions or
provisions of this Agreement which, by their express terms, require performance
by either party following termination of this Agreement.

                                   ARTICLE TWO
                                 CONFIDENTIALITY

          2.01 - Background and Relationship of Parties. The parties hereto
acknowledge (for all purposes including, without limitation, Articles Two and
Three of this Agreement) that Block and its subsidiaries have been and will be
engaged in a continuous program of acquisition and development respecting their
businesses, present and future, and that, in connection with Executive's
employment by the Company, Executive will be expected to have access to all
information of value to the Company and Block and that Executive's employment
creates a relationship of confidence and trust between Executive and Block with
respect to any information applicable to the businesses of Block and its
subsidiaries. Executive will possess or have unfettered access to information
that has been created, developed, or acquired by Block and its subsidiaries or
otherwise become known to Block and its subsidiaries and which has commercial
value in the businesses in which Block and its subsidiaries have been and will
be engaged and has not been publicly disclosed by Block. All information
described above is hereinafter called "Proprietary Information." By way of
illustration, but not limitation, Proprietary Information includes trade

                                       7

<PAGE>

secrets, customer lists and information, employee lists and information,
developments, systems, designs, software, databases, know-how, marketing plans,
product information, business and financial information and plans, strategies,
forecasts, new products and services, financial statements, budgets,
projections, prices, and acquisition and disposition plans. Proprietary
Information does not include any portions of such information which are now or
hereafter made public by third parties in a lawful manner or made public by
parties hereto without violation of this Agreement.

          2.02 - Proprietary Information is Property of Block.

          (a) All Proprietary Information is the sole property of Block (or the
applicable subsidiary of Block) and its assigns, and Block (or the applicable
subsidiary of Block) is the sole owner of all patents, copyrights, trademarks,
names, and other rights in connection therewith and without regard to whether
Block (or any subsidiary of Block) is at any particular time developing or
marketing the same. Executive hereby assigns to Block any rights Executive may
have or may acquire in such Proprietary Information. At all times during and
after Executive's employment with the Company or any Affiliate, Executive will
keep in strictest confidence and trust all Proprietary Information and Executive
will not use or disclose any Proprietary Information without the written consent
of Block, except as may be necessary in the ordinary course of performing duties
as an employee of the Company or as may be required by law or the order of any
court or governmental authority.

          (b) In the event of any termination of Executive's employment
hereunder, Executive will promptly deliver to the Company all copies of all
documents, notes, drawings, programs, software, specifications, documentation,
data, Proprietary Information, and other materials and property of any nature
belonging to Block or any subsidiary of Block and obtained during the course of
Executive's employment with the Company. In addition, upon such termination,
Executive will not remove from the premises of Block or any subsidiary of Block
any of the foregoing or any reproduction of any of the foregoing or any
Proprietary Information that is embodied in a tangible medium of expression.

                                       8

<PAGE>

                                  ARTICLE THREE
           NON-HIRING; NON-SOLICITATION; NO CONFLICTS; NON-COMPETITION

          3.01 - General. The parties hereto acknowledge that, during the course
of Executive's employment by the Company, Executive will have access to
information valuable to the Company and Block concerning the employees of Block
and its subsidiaries ("Block Employees") and, in addition to Executive's access
to such information, Executive may, during (and in the course of) Executive's
employment by the Company, develop relationships with such Block Employees
whereby information valuable to Block and its subsidiaries concerning the Block
Employees was acquired by Executive. Such information includes, without
limitation: the identity, skills, and performance levels of the Block Employees,
as well as compensation and benefits paid by Block to such Block Employees.
Executive agrees and understands that it is important to protect Block, the
Company, Affiliates and their employees, agents, directors, and clients from the
unauthorized use and appropriation of Block Employee information, Proprietary
Information, and trade secret business information developed, held, or used by
Block, the Company, or Affiliates, and to protect Block, the Company, and
Affiliates and their employees, agents, directors, and customers Executive
agrees to the covenants described in this Article III.

          3.02 - Non-Hiring. During the period of Executive's employment
hereunder, and for a period of 1 year after Executive's Last Day of Employment,
Executive may not directly or indirectly recruit, solicit, or hire any Block
Employee or otherwise induce any such Block Employee to leave the employment of
Block (or the applicable employer-subsidiary of Block) to become an employee of
or otherwise be associated with any other party or with Executive or any company
or business with which Executive is or may become associated. The running of the
1-year period will be suspended during any period of violation and/or any period
of time required to enforce this covenant by litigation or threat of litigation.

          3.03 - Non-Solicitation. During the period of Executive's employment
hereunder and during the time Executive is receiving payments hereunder, and for
2 years after the later of Executive's Last Day of Employment or cessation of
such payments, Executive may not directly or indirectly solicit or enter into
any arrangement with any person or entity which is, at the time of the
solicitation, a significant customer or vendor of the Company or an Affiliate
for the purpose of engaging in any business transaction of the nature performed
by the Company or such Affiliate, or contemplated to be performed by the Company
or such Affiliate, for such customer or vendor, provided that this Section 3.03
will only apply to customers or vendors for whom Executive personally provided
services while employed by the Company or an Affiliate or customers or vendors
about whom or which Executive acquired material information while employed by
the Company or an Affiliate. The running of the 2-year period will be suspended
during any period of violation and/or any period of time required to enforce
this covenant by litigation or threat of litigation.

          3.04 - No Conflicts. Executive represents in good faith that, to the
best of

                                       9

<PAGE>

Executive's knowledge, the performance by Executive of all the terms of this
Agreement will not breach any agreement to which Executive is or was a party and
which requires Executive to keep any information in confidence or in trust.
Executive has not brought and will not bring to the Company or Block nor will
Executive use in the performance of employment responsibilities at the Company
any proprietary materials or documents of a former employer that are not
generally available to the public, unless Executive has obtained express written
authorization from such former employer for their possession and use. Executive
has not and will not breach any obligation of confidentiality that Executive may
have to former employers and Executive will fulfill all such obligations during
Executive's employment with the Company.

          3.05 - Non-Competition.

          (a) During the period of Executive's employment hereunder and during
the time Executive is receiving payments hereunder, and for 2 years after the
later of Executive's Last Day of Employment or cessation of such payments,
Executive may not engage in, or own or control any interest in (except as a
passive investor in less than one percent of the outstanding securities of
publicly held companies), or act as an officer, director or employee of, or
consultant, advisor or lender to, (i) any firm, corporation, partnership,
limited liability company, institution, business, government agency, or entity
that at the time of the initiation of such engagement, ownership, control, or
action by Executive, engages in, or has developed a plan to engage in a business
whose core strategy is to integrate the provision of tax and/or accounting
products or services with the provision of investment products or services to
its clients, or (ii) any subsidiary, division or segment of a firm, corporation,
partnership, limited liability company, institution, business, government
agency, or entity that at the time of the initiation of such engagement,
ownership, control, or action by Executive, engages in any line of business that
is competitive with any Line of Business of Block (as defined below), provided
that this Section 3.05 will not apply to Executive if Executive's primary place
of employment by the Company or an Affiliate as of the Last Day of Employment is
in either the State of California or the State of North Dakota. "Line of
Business of Block" means any line of business (including lines of business under
evaluation or development) of the Company, as well as any one or more lines of
business (including lines of business under evaluation or development) of any
Affiliate by which Executive was employed during the two-year period preceding
the Last Day of Employment, provided that, "Line of Business of Block" will in
all events include, but not be limited to, the income tax return preparation
business, and provided further that if Executive's employment was, as of the
Last Day of Employment or during the 2-year period immediately prior to the Last
Day of Employment, with HRB Management, Inc. or any successor entity thereto,
"Line of Business of Block" means any line of business (including lines of
business under evaluation or development) of Block and all of its subsidiaries.
The running of the 2-year period will be suspended during any period of
violation and/or any period of time required to enforce this covenant by
litigation or threat of litigation.

          (b) If this Agreement is assigned by the Company to an Affiliate at
any time in accordance with Section 4.04, then, during the two (2) years after
the later of Executive's Last

                                       10

<PAGE>

Day of Employment or the cessation of Executive's receipt of any payments
pursuant to this Agreement, Executive shall not engage in any conduct proscribed
in subsection 3.05(a) of this Agreement. The running of the 2-year period will
be suspended during any period of violation and/or any period of time required
to enforce this covenant by litigation or threat of litigation.

          (c) No provision in this Section 3.05 shall apply to Executive if
Executive's primary place of employment by the Company or an Affiliate as of the
Last Day of Employment is in either the State of California or the State of
North Dakota.

          3.06 - Reasonableness of Restrictions. Executive and the Company
acknowledge that the restrictions contained in this Agreement are reasonable,
but should any provisions of any Article of this Agreement be determined to be
invalid, illegal, or otherwise unenforceable or unreasonable in scope by any
court of competent jurisdiction, the validity, legality, and enforceability of
the other provisions of this Agreement will not be affected thereby and the
provision found invalid, illegal, or otherwise unenforceable or unreasonable
will be considered by the Company and Executive to be amended as to scope of
protection, time, or geographic area (or any one of them, as the case may be) in
whatever manner is considered reasonable by that court and, as so amended, will
be enforced.

                                  ARTICLE FOUR
                                  MISCELLANEOUS

          4.01 - Third-Party Beneficiary. The parties hereto agree that Block is
a third-party beneficiary as to the obligations imposed upon Executive under
this Agreement and as to the rights and privileges to which the Company is
entitled pursuant to this Agreement, and that Block is entitled to all of the
rights and privileges associated with such third-party-beneficiary status.

          4.02 - Entire Agreement. This Agreement constitutes the entire
agreement and understanding between the Company and Executive concerning the
subject matter hereof. No modification, amendment, termination, or waiver of
this Agreement will be binding unless in writing and signed by Executive and a
duly authorized officer of the Company. Failure of the Company, Block, or
Executive to insist upon strict compliance with any of the terms, covenants, or
conditions hereof will not be deemed a waiver of such terms, covenants, and
conditions.

          4.03 - Specific Performance by Executive. The parties hereto
acknowledge that money damages alone will not adequately compensate the Company
or Block or Executive for breach of any of the covenants and agreements herein
and, therefore, in the event of the breach or threatened breach of any such
covenant or agreement by either party, in addition to all other remedies
available at law, in equity or otherwise, a wronged party will be entitled to
injunctive relief compelling specific performance of (or other compliance with)
the terms hereof.

                                       11

<PAGE>

          4.04 - Successors and Assigns. This Agreement is binding upon
Executive and the heirs, executors, assigns and administrators of Executive or
Executive's estate and property and will inure to the benefit of the Company,
Block and their successors and assigns. Executive may not assign or transfer to
others the obligation to perform Executive's duties hereunder. The Company may
assign this Agreement to an Affiliate with the consent of Executive, in which
case, after such assignment, the "Company" means the Affiliate to which this
Agreement has been assigned.

          4.05 - Withholding Taxes. From any payments due hereunder to Executive
from the Company, there will be withheld amounts reasonably believed by the
Company to be sufficient to satisfy liabilities for federal, state, and local
taxes and other charges and customary withholdings. Executive remains primarily
liable to such authorities for such taxes and charges to the extent not actually
paid by the Company. This Section 4.05 does not affect the Company's obligation
to "gross up" any relocation benefits paid to Executive pursuant to Subsection
1.04(b).

          4.06 - Indemnification. To the fullest extent permitted by law and
Block's Bylaws, the Company hereby indemnifies during and after the period of
Executive's employment hereunder Executive from and against all loss, costs,
damages, and expenses including, without limitation, legal expenses of counsel
selected by the Company to represent the interests of Executive (which expenses
the Company will, to the extent so permitted, advance to executive as the same
are incurred) arising out of or in connection with the fact that Executive is or
was a director, officer, employee, or agent of the Company or Block or serving
in such capacity for another corporation at the request of the Company or Block.
Notwithstanding the foregoing, the indemnification provided in this Section 4.06
will not apply to any loss, costs, damages, and expenses arising out of or
relating in any way to any employment of Executive by any former employer or the
termination of any such employment.

          4.07 - Right to Offset. To the extent not prohibited by applicable law
and in addition to any other remedy, the Company has the right but not the
obligation to offset any amount that Executive owes the Company under this
Agreement against any amounts due Executive by Block, the Company, or
Affiliates.

          4.08 - Waiver of Jury Trial. Both parties to this Agreement, and
Block, as a third-party beneficiary pursuant to Section 4.01 of this Agreement,
waive any and all right to any trial by jury in any action or proceeding
directly or indirectly related to this Agreement and Executive's employment
hereunder.

          4.09 - Notices. All notices required or desired to be given hereunder
must be in writing and will be deemed served and delivered if delivered in
person or mailed, postage prepaid to Executive at:
_________________________________; and to the Company at: 4400 Main Street,
Kansas City, Missouri 64111, Attn: President, with a copy to H&R Block, Inc.,
4400 Main Street, Kansas City, Missouri 64111, Attn: Corporate Secretary; or to
such other address and/or person designated by either party in writing to the
other party. Any notice given by mail will be deemed given as of the date it is
so mailed and postmarked or received by a nationally recognized

                                       12

<PAGE>

overnight courier for delivery.

          4.10 - Counterparts. This Agreement may be signed in counterparts and
delivered by facsimile transmission confirmed promptly thereafter by actual
delivery of executed counterparts.

     Executed as a sealed instrument under, and to be governed by, construed and
enforced in accordance with, the laws of the State of Missouri.

                                        EXECUTIVE:

Dated: September 27, 2005               /s/ Jeff Nachbor
                                        ----------------------------------------
                                        JEFF NACHBOR

Accepted and Agreed:

HRB Management, Inc.
a Missouri Corporation

By: /s/ Mark A. Ernst
    ---------------------------------
    Mark A. Ernst,
    President and Chief Executive
    Officer

Dated: September 27, 2005

                                       13

<PAGE>

                                     INSERT

                HIRING BONUS ACKNOWLEDGEMENT, REPAYMENT AGREEMENT
                                    EXHIBIT A

                            H&R BLOCK SEVERANCE PLAN
                                    EXHIBIT B

                                       A-1

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