Document:

exv10w1

 

Exhibit 10.1

SETTLEMENT AGREEMENT AND RELEASES

          This Settlement Agreement and Releases (the “Agreement”) is made as of September 20, 2005,
between Stuart H. Wolff (“Wolff”) and Homestore, Inc., formerly known as Homestore.com, Inc.
(“Homestore”). Wolff and Homestore are referred to collectively herein as the “Parties”.

          WHEREAS, Wolff was formerly a director, officer and employee of Homestore;

          WHEREAS, Wolff maintains that he has been made a party to, or is otherwise involved in,
various actions, suits and/or proceedings, and may be made a party to, or be otherwise involved in,
additional actions, suits and/or proceedings in the future, by reason of the fact that Wolff was a
director, officer and/or employee of Homestore (collectively, the “Underlying Proceedings”);

          WHEREAS, Wolff maintains that he has incurred and will continue to incur substantial expenses,
liabilities, and/or losses (including but not limited to attorneys’ fees and other defense costs)
in connection with the Underlying Proceedings (collectively, “Eligible Costs”);

          WHEREAS, on or about July 1, 2005, Wolff filed a Complaint for Advancement against Homestore
in the Court of Chancery of the State of Delaware in and for New Castle County, Stuart H. Wolff v.
Homestore, Inc., C.A. No. 1473-N (the “Litigation”), seeking the advancement, pursuant to Section
6.2 of the Bylaws of Homestore and the Delaware General

 

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Corporation Law, of certain expenses (including attorneys’ fees) incurred by him in connection
with certain of the Underlying Proceedings;

          WHEREAS, Wolff also asserts claims for and rights to indemnification by Homestore pursuant to
the Bylaws of Homestore, an indemnity agreement dated December 18, 2001, and Section 145 of the
Delaware General Corporation Law;

          WHEREAS, the Parties wish to avoid the inherent burden, expense, and uncertainties associated
with litigation and to resolve and settle the claims and controversies between them, and to provide
for certain agreement upon the terms and conditions set forth in this Agreement.

          NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties, intending to be legally bound, agree as follows:

I. Payment of Eligible Costs

          In full satisfaction of any claims Wolff may have with respect to the payment or reimbursement
by Homestore of Eligible Costs incurred or to be incurred by Wolff, Homestore agrees to make the
following payments, up to a maximum of $11,000,000.00 (Eleven Million Dollars), as follows:

          (A) On the Effective Date of this Agreement (as defined in Section VII below), Homestore will
pay Wolff the amount of $7,648,021.22 in reimbursement of all Eligible

 

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Costs incurred by Wolff prior to the date of this Agreement. Wolff will deliver to Homestore
a detailed schedule listing all such Eligible Costs, together with appropriate supporting
documentation;

          (B) On December 22, 2005, Homestore will pay Wolff an amount equal to the sum of all
additional Eligible Costs incurred by Wolff on or after the date of this Agreement and prior to
December 20, 2005; provided, however, that the maximum aggregate amount payable pursuant to clauses
(A) and (B) of this Section I shall not exceed $11,000,000.00. Wolff shall deliver to Homestore,
on or prior to December 20, 2005, a detailed schedule listing all additional Eligible Costs for
which payment is made pursuant to this clause (B), together with appropriate supporting
documentation; and,

          (C) On January 6, 2006, Homestore shall deposit in an irrevocable grantor trust established
for the benefit of Wolff (the “Trust”) an amount (the “Trust Amount”) equal to the difference
between (i) $11,000,000.00 and (ii) the aggregate amount previously paid by Homestore pursuant to
clauses (A) and (B) above. Homestore shall be the grantor of the trust and shall be responsible
for funding the trust as set forth in the preceding sentence; otherwise, except for its obligation
to cooperate with Wolff under Section XV below, Homestore shall have no responsibility with respect
to the establishment of the trust, the appointment of the trustee, or the administration of the
trust. The Trust Amount and all earnings thereon shall be disbursed by the trustee solely in
payment or reimbursement of additional Eligible Costs incurred by Wolff on or after December 20,
2005. The trustee shall make any such disbursement only upon receipt of

 

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appropriate supporting documentation that substantiates the incurrence of such additional
Eligible Costs by Wolff. Within twenty (20) days after the end of each calendar month, Wolff shall
deliver to Homestore a detailed schedule listing all Eligible Costs paid from the Trust during such
month, together with appropriate supporting documentation. Any amount remaining in the Trust upon
conclusion of all Underlying Proceedings shall be returned to Homestore.

          (D) All amounts payable directly to Wolff pursuant to clauses (A) and (B) above shall be paid
by the wiring of such funds to an account identified by Wolff in written instructions provided to
Homestore following the execution of this Agreement.

          (E) The deposit to be made by Homestore to the Trust shall be made by wiring the funds to an
account identified by Wolff in written instructions provided to Homestore following the execution
of this Agreement.

          (F) Specific Release by Wolff. Except to enforce Homestore’s obligations under this Section
I, in exchange for the payments to be made by Homestore pursuant to this Section I, Wolff
specifically releases and discharges Homestore, each of its present and former directors, officers,
employees, parents, divisions, subsidiaries, affiliates, attorneys, and accountants, and each of
their heirs, executors, administrators, predecessors, successors and assigns (all, collectively,
the “Homestore Releasees”), from any rights or claims arising under the Bylaws of Homestore, the
Delaware General Corporation Law, common law, the indemnity agreement dated December 18, 2001,
and/or any other source or theory, for advancement of expenses, or

 

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indemnification, including with respect to any actions that have been filed or may be filed
against Wolff or others in the future.

II. Additional Exchange of Releases

     A. Release by Wolff

          Separate and apart from the specific release set forth in Section I(F) above, and as
consideration for the general release provided by Homestore pursuant to Section II(B) hereof,
except for the matters released pursuant to Section I(F) above and except to enforce Homestore’s
obligations under this Agreement, Wolff irrevocably releases and discharges the Homestore Releasees
for all time from all actions, causes of action, suits, debts, dues, sums of money, accounts,
reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises,
variances, trespasses, damages, judgments, extents, executions, claims and demands whatsoever, in
law, admiralty or equity, which against any Homestore Releasee, Wolff or Wolff’s heirs, executors,
administrators, successors and assigns ever had, now has or hereafter can, shall or may have, for,
upon, or by reason of any matter, cause or thing whatsoever from the beginning of the world to the
Effective Date of this Agreement.

          Without in any way limiting the foregoing release, Wolff specifically releases and discharges
the Homestore Releasees from any claims arising out of or related to Wolff’s employment or
separation from employment with Homestore, including, but not limited to, any claims for salary,
bonuses, severance pay, vacation pay, or any benefits under the Employee Retirement Income Security
Act, sexual harassment, or discrimination based on race, color, national origin, ancestry,
religion, marital status, sex, sexual orientation, citizenship status, pregnancy,

 

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leave of absence, medical condition or disability (as defined by the Americans with
Disabilities Act, or any other state or local law), claims under the Age Discrimination in
Employment Act and/or the Older Workers Benefit Protection Act, or any other unlawful
discrimination, breach of implied or express contract, breach of promise, misrepresentation,
negligence, fraud, estoppel, defamation, infliction of emotional distress, loss of consortium,
violation of public policy or wrongful or constructive discharge, and for attorneys’ fees.

          Wolff agrees that this release includes a full and final release of all unknown and
unsuspected claims or damages that, if known, might have affected his decision to enter into this
Agreement and release, as well as a release of any and all claims now known or disclosed that arise
as a result of any act or omission occurring before the Effective Date of this Agreement.
Therefore, as to any and all such claims, Wolff waives any and all rights or benefits under the
terms of Section 1542 of the California Civil Code, which provides as follows:

“A general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if known
by him must have materially affected his settlement with the debtor”,

and under any and all similar provisions contained in the laws of any and all other jurisdictions,
within and without the United States, to the fullest extent that he may lawfully so waive all such
rights and benefits. Wolff may hereafter discover facts related to the claims released herein in
addition to or different from those which he believed to be true on the date of this Agreement.

 

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The claims released herein shall, nonetheless, be deemed to be fully, finally, and forever settled
and released upon the execution of this Agreement, without regard to the subsequent discovery or
existence of such additional or different facts.

     B. Release by Homestore

          In consideration for the release set forth in Section II(A) above, and except to enforce
Wolff’s obligations under this Agreement, Homestore, on behalf of itself and each of its present
and former parents, subsidiaries, divisions, and affiliates and each of their predecessors,
successors and assigns, irrevocably releases and discharges Wolff, members of Wolff’s immediate
family, entities controlled by Wolff, trusts for which Wolff is or was a beneficiary, trustee or
trustor, partnerships for which Wolff is or was a partner, companies and corporations of which
Wolff is or was a majority or controlling owner, shareholder or member, and each of their present
and former agents, attorneys, predecessors, parents, subsidiaries, affiliates, heirs, executors,
administrators, successors and assigns (all, collectively, the “Wolff Releasees”), from all
actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills,
specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses,
damages, judgments, extents, executions, claims and demands whatsoever, in law, admiralty or
equity, which against any Wolff Releasee, Homestore and/or any of its present and former parents,
subsidiaries, divisions, and affiliates and/or any of their predecessors, successors and assigns
ever had, now has or hereafter can, shall or may have, for, upon, or by reason of any matter, cause
or thing whatsoever from the beginning of the world to the Effective Date.

 

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          Without in any way limiting the generality of the foregoing release, and without regard to
whether facts and circumstances may change in the future that might otherwise arguably affect such
rights or claims (e.g., any decision or outcome adverse to Wolff in any of the Underlying
Proceedings), Homestore irrevocably releases and discharges the Wolff Releasees for all time from
any rights or claims, whether arising under the Bylaws of Homestore, the Delaware General
Corporation Law, common law, or the indemnity agreement dated December 18, 2001, the undertaking
provided to Homestore by Wolff and/or any other source or theory, for repayment or recoupment of
amounts paid to Wolff as advancement of expenses or as indemnification (including the settlement
payments made under this Agreement for Eligible Costs), and from any claims for fraud, negligence
or breach of fiduciary duty, or for contribution or indemnity (including claims with respect to any
actions that may be filed against Homestore or others in the future). Homestore acknowledges that
this release prohibits Homestore from ever seeking repayment or recoupment from any Wolff Releasee
of amounts paid to Wolff as advancement of expenses or as indemnification (including the settlement
payments made under this Agreement for Eligible Costs).

          Homestore agrees that this release includes a full and final release of all unknown and
unsuspected claims or damages that, if known, might have affected its decision to enter into this
Agreement and release, as well as a release of any and all claims now known or disclosed that arise
as a result of any act or omission occurring before the Effective Date of this Agreement.
Therefore, as to any and all such claims, Homestore waives any and all rights or benefits under the
terms of Section 1542 of the California Civil Code, which provides as follows:

 

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“A general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if known
by him must have materially affected his settlement with the debtor”,

and under any and all similar provisions contained in the laws of any and all other jurisdictions,
within and without the United States, to the fullest extent that it may lawfully so waive all such
rights and benefits. Homestore may hereafter discover facts related to the claims released herein
in addition to or different from those which it believed to be true on the date of this Agreement.
The claims released herein shall, nonetheless, be deemed to be fully, finally, and forever settled
and released upon the execution of this Agreement, without regard to the subsequent discovery or
existence of such additional or different facts.

III. Released Claims

          Each of the Parties agrees and covenants that he or it will not file or cause to be filed any
lawsuit, arbitration or other proceeding asserting any claim released by the foregoing releases.
In the event a Party files any such lawsuit, arbitration or other proceeding that is determined to
be encompassed by the foregoing releases, the Party so filing will indemnify the other Party for
all costs incurred in defending or otherwise responding to such lawsuit, arbitration or proceeding,
including attorneys’ fees. The foregoing does not in any way limit any other remedies available to
the Parties for breach of this Agreement.

 

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IV. The Litigation

          Upon execution of this Agreement, counsel for Wolff will deliver to counsel for Homestore a
copy of an executed Notice of Dismissal with Prejudice substantially in the form annexed hereto as
Exhibit A. The original executed Notice of Dismissal with Prejudice will be filed in the Chancery
Court by counsel for Wolff as soon as practicable following actual receipt by Wolff of the payment
required by Section I(A).

V. Myers Litigation

          To the extent that Homestore enters into a settlement of Michael Myers, et al., v. Homestore,
Inc., et al., Case No. BC 312115, presently pending in the Superior Court of the State of
California for the County of Los Angeles, Homestore will secure, as part of such settlement, a
complete release and dismissal with prejudice of the claims against Wolff, including any actual or
potential cross-claims against Wolff for contribution or indemnity. Nothing in this paragraph
shall in any way obligate Homestore to advance or indemnify Wolff’s defenses costs or any judgment
entered against Wolff in the Myers case, other than as set forth in Section I of this Agreement.

VI. No Admission of Liability

          Neither this Agreement, nor anything contained herein shall be construed as an admission by
any Party that he or it has in any respect violated or abridged any federal, state, or local law or
any contractual or other right or obligation that he or it may owe or may have owed to the other
Party.

 

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VII. Effective Date

          Although this Agreement is dated as of September 20, 2005 and has been executed as of that
day, the parties acknowledge that Wolff shall have a period of seven (7) days from September 20,
2005 in which he may consider and revoke this Agreement. Accordingly, the parties acknowledge that
this Agreement shall not become effective unless and until, after the expiration of seven (7) days
after September 20, 2005 (the “Effective Date”), Wolff has not revoked the Agreement. In the event
Wolff revokes this Agreement pursuant to this paragraph, this Agreement shall be null and void ab
initio.

VIII. Governing Law

          This Agreement shall be subject to, governed by, and construed and enforced pursuant to the
laws of the State of Delaware without regard to its choice of law principles, and the parties agree
to the non-exclusive jurisdiction of the respective state and federal courts of Delaware for the
resolution of any disputes concerning the interpretation and/or enforcement of this Agreement.

IX. Entire Agreement

          This Agreement constitutes the entire agreement between and among the Parties regarding the
subject matter hereof, superseding all prior written and oral agreements. Without limiting the
foregoing, the Parties expressly agree that any and all prior oral or written agreements concerning
the employment of Wolff (including but not limited to the indemnity agreement dated December 18,
2001 and the undertaking subsequently provided to Homestore by

 

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Wolff in relation to advancement of attorneys’ fees and defense costs) are terminated,
canceled and of no further force or effect.

          With respect to the subject matter of this Agreement, no Party shall be bound by any
representations, warranties, promises, statements or information unless set forth herein. This
Agreement has been jointly drafted by the Parties, none of whom shall be deemed to be its drafter
for purposes of any rule of law which construes a document against the person who drafted it.

X. Voluntary Execution and Representation by Counsel

          The Parties acknowledge that they have carefully read this Agreement and understand all of its
terms including the full and final release of claims set forth above. The Parties further
acknowledge that they have voluntarily entered into this Agreement; that they have not relied upon
any representation or statement, written or oral, not set forth in this Agreement; that the only
consideration for signing this Agreement is as set forth herein; and that they have had this
Agreement reviewed by their attorneys and have received advice from their attorneys with which they
are satisfied. Wolff acknowledges and represents that Homestore has given Wolff a period of at
least twenty-one (21) days in which to consider this Agreement.

XI. No Other Existing Suits

          Except for the Litigation, the Parties represent and warrant that they do not presently have
on file any claims, charges, grievances, actions, appeals, or complaints against one

 

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another in or with any administrative, state, federal or governmental entity, agency, board or
court, or before any other tribunal or panel or panel of arbitrators, public or private.

XII. Ownership of Claims

          The Parties represent and warrant that they are the sole and lawful owners of all rights,
title and interest in and to all released matters, claims and demands referred to herein.

XIII. Non-Disparagement

          Subject to obligations under applicable laws and regulations, each Party agrees not to make
any statements or comments to any third party or entity that disparage the reputation of the other
Party. “Disparage”, as used in this section, means to make any statement, written or oral, that
casts another party in a negative light of any kind, or implies or attributes any negative quality
to another party. This section shall have no application to communications with government
entities, officials or representatives or to any deposition, trial or other testimony given in any
actions, suits and/or proceedings.

XIV. Severability

          The provisions of this Agreement are severable. If any one of the provisions contained
herein, or the application thereof in any manner or circumstance, is held invalid, illegal or
unenforceable in any respect and for any reason, the validity, legality and enforceability of any
such provision is every other respect and of the remaining provisions hereof shall not be affected
or impaired in any way, it being intended that all of the parties’ rights and privileges arising
hereunder shall be enforceable to the fullest extent permitted by law.

 

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XV. Cooperation

          Each of the Parties shall execute such other and further documents and do such other and
further acts as may be reasonably required to effectuate the intent of the Parties and carry out
the terms of this Agreement.

XVI. Valid Authority

          All persons executing this Agreement, or any related settlement documents, represent and
warrant that they have the full authority to do so and that they have the authority to take
appropriate action required or permitted to be taken pursuant to the Agreement to effectuate its
terms. Without limiting the generality of the foregoing, Homestore represents and warrants that
this Agreement and the promises and actions set forth herein have been approved by its Board of
Directors at a meeting duly and properly called, and that Homestore’s officers and agents have been
duly authorized by the Board of Directors to take all appropriate actions to effectuate the terms
of this Agreement.

XVII. Successors and Assigns

          It is expressly understood and agreed by the Parties that this Agreement and all of its terms
shall be binding upon the Parties’ respective heirs, executors, trustees, administrators,
successors and assigns.

 

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XVIII. Counterparts

          This Agreement may be executed by the Parties in counterparts, each of which shall be deemed
an original, and all of which shall be deemed to constitute but one and the same instrument.

XIX. Amendment or Modification

          No amendment or modification of the Agreement shall be valid unless it is in writing and
signed by the Parties hereto.

	 	 	 	 	 
	 	 	 
	 	              /s/ Stuart H. Wolff
 	 
	 	STUART H. WOLFF 	 
	 	 	 
	 
	 	HOMESTORE, INC.

 	 
	 	By:  	/s/ Michael R. Douglas
 	 
	 	Name:  	Michael R. Douglas 	 
	 	Title:  	Executive Vice President, General
Counsel and Secretary 	 
	 

 

EXHIBIT A

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

IN AND FOR NEW CASTLE COUNTY

	 	 	 	 	 	 	 	 	 	 	 
	STUART H. WOLFF,	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	)	 	 	 
	 

	 	 	 	Plaintiff,
	 	 	)	 	 	 
	 

	 	 	 	 	 	 	)	 	 	 
	 

	 	- against -
	 	 	 	 	)	 	 	C.A. No. 1473-N
	 

	 	 	 	 	 	 	)	 	 	 
	HOMESTORE, INC.,	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	)	 	 	 
	 

	 	 	 	Defendant.
	 	 	)	 	 	 
	 

	 	 	 	 	 	 	)	 	 	 

NOTICE OF DISMISSAL WITH PREJUDICE

     PLEASE TAKE NOTICE that plaintiff Stuart H. Wolff, by and through his undersigned counsel and
pursuant to Court of Chancery Rule 41(a)(1), hereby dismisses with prejudice the within-captioned
action.

	 	 	 	 	 
	 	 	POTTER ANDERSON & CORROON LLP
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	          Arthur L. Dent (#2491)
	 

	 	 	 	          1313 N. Market Street
	 

	 	 	 	          P.O. Box 951
	 

	 	 	 	          Wilmington, DE 19899
	 

	 	 	 	          (302) 984-6000
	 	 	Attorneys for Plaintiff

OF COUNSEL:

Paul, Hastings, Janofsky & Walker, LLP

Howard M. Privette

515 South Flower Street — 25th Floor

Los Angeles, CA 90071

Dated: September ___, 2005exv10w15

 

Exhibit 10.15

INTUIT INC.

EMPLOYEE STOCK PURCHASE PLAN

As Amended and Restated On July 27, 2005

     1. Establishment of Plan. The Company proposes to grant options for purchase of the
Company’s Common Stock, $0.01 par value, to eligible employees of the Company and Participating
Subsidiaries pursuant to this Plan. A total of 5,400,000 shares of the Company’s Common Stock is
reserved for issuance under this Plan. Such number shall be subject to adjustments effected in
accordance with Section 14 of this Plan. The Company intends this Plan to qualify as an “employee
stock purchase plan” under Section 423 of the Code (including any amendments to or replacements of
such Section), and this Plan shall be so construed. Capitalized terms not defined in the text are
defined in Section 26 below. Any term not expressly defined in this Plan that is defined in
Section 423 of the Code shall have the same definition herein.

     2. Purpose. The purpose of this Plan is to provide eligible employees of the Company and
Participating Subsidiaries with a convenient means of acquiring an equity interest in the Company
through payroll deductions, to enhance such employees’ sense of participation in the affairs of the
Company and Participating Subsidiaries, and to provide an incentive for continued employment.

     3. Administration. This Plan shall be administered by the Committee. Subject to the
provisions of this Plan and the limitations of Section 423 of the Code or any successor provision
in the Code, all questions of interpretation or application of this Plan and any agreement or
document executed pursuant to this Plan shall be determined by the Committee and its decisions
shall be final and binding upon all Participants. The Committee shall have full power and
authority to prescribe, amend and rescind rules and regulations relating to this Plan, including
determining the forms and agreements used in connection with this Plan; provided that the Committee
may delegate to the President, the Chief Financial Officer or the officer in charge of Human
Resources, in consultation with the General Counsel or her designee, the authority to approve
revisions to the forms and agreements used in connection with this Plan that are designed to
facilitate administration of the Plan and that are not inconsistent with the Plan or with any
resolutions of the Committee relating to the Plan. The Committee may amend this Plan as described
in Section 25 below. Members of the Committee shall receive no compensation for their services in
connection with the administration of this Plan, other than standard fees as established from time
to time by the Board for services rendered by Committee members serving on Board committees. All
expenses incurred in connection with the administration of this Plan shall be paid by the Company.

     4. Eligibility.

          (a) Any employee of the Company or of any Participating Subsidiary is eligible to participate
in an Offering Period under this Plan, except the following:

               (i) employees who are not employed fifteen (15) days before the beginning of such Offering
Period; and

               (ii) employees who, together with any other person whose stock would be attributed to such
employee pursuant to Section 424(d) of the Code, own stock or hold options to purchase stock
possessing five percent (5%) or more of the total combined voting power or value of all classes of
stock of the Company or any of its Subsidiaries or who, as a result of being granted an option
under this Plan with respect to such Offering Period, would own stock or hold options to

 

 

Intuit Inc.

Employee Stock Purchase Plan

purchase stock possessing five percent (5%) or more of the total combined voting power or value of
all classes of stock of the Company or any of its Subsidiaries.

          (b) An individual who provides services to the Company, or any Participating Subsidiary,
as an independent contractor shall not be considered an “employee” for purposes of this Section 4
or this Plan, and shall not be eligible to participate in the Plan, except during such periods as
the Company or the Participating Subsidiary, as applicable, is required to withhold U.S. federal
employment taxes for the individual. This exclusion from participation shall apply even if the
individual is reclassified as an employee, rather than an independent contractor, for any purpose
other than U.S. federal employment tax withholding.

     5. Offering Dates.

          (a) Offering Periods shall be of three (3) months duration commencing on each June 16,
September 16, December 16 and March 16 and ending on the following September 15, December 15, March
15 and June 15, respectively. Notwithstanding the foregoing and subject to Section 11(c) below,
the Offering Period that commenced on March 16, 2005 shall be of twelve months duration and consist
of four three-month Accrual Periods.

          (b) The Committee shall have the power to change the duration of Offering Periods with respect
to future offerings without stockholder approval if such change is announced prior to the scheduled
beginning of the first Offering Period to be affected.

     6. Participation in this Plan. An eligible employee may become a Participant in an Offering
Period on the first Offering Date after satisfying the eligibility requirements by following the
enrollment procedures established by the Company and enrolling in the Plan by the enrollment
deadline established by the Company before such Offering Date. The enrollment deadline shall be the
same for all eligible employees with respect to a given Offering Period. An eligible employee who
does not timely enroll after becoming eligible to participate in such Offering Period shall not
participate in that Offering Period or any subsequent Offering Period unless such employee follows
the enrollment procedures established by the Company and enrolls in this Plan by the enrollment
deadline established by the Company before a subsequent Offering Date. A Participant will
automatically participate in each Offering Period commencing immediately following the last day of
the prior Offering Period unless he or she withdraws or is deemed to withdraw from this Plan or
terminates further participation in the Offering Period as set forth in Sections 11 or 12 below. A
Participant is not required to file any additional agreement in order to continue participation in
this Plan. An employee may only participate in one Offering Period at a time.

     7. Grant of Option on Enrollment. Enrollment by an eligible employee in this Plan with
respect to an Offering Period will constitute the grant (as of the Offering Date) by the Company to
such Participant of an option to purchase on the Purchase Date up to that number of shares of
Common Stock of the Company determined by dividing (a) the amount accumulated in such employee’s
payroll deduction account during the applicable Accrual Period in such Offering Period by (b) the
lower of (i) eighty-five percent (85%) of the Fair Market Value of a share of the Company’s Common
Stock on the Offering Date (but in no event less than the par value of a share of the Company’s
Common Stock), or (ii) eighty-five percent (85%) of the Fair Market Value of a share of
the Company’s Common Stock on the Purchase Date (but in no event less than the par value of a share
of the Company’s Common Stock); provided, however, that the number of shares of the Company’s
Common Stock subject to any option granted pursuant to this Plan shall not exceed the maximum
number of shares which may be purchased pursuant to Sections 10(a), 10(b) or 10(c) below with

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Intuit Inc.

Employee Stock Purchase Plan

respect to the applicable Accrual Period. The fair market value of a share of the Company’s Common
Stock shall be determined as provided in Section 8 hereof.

     8. Purchase Price. The purchase price per share at which a share of Common Stock will be
sold to Participants in any Offering Period shall be eighty-five percent (85%) of the lesser of:

          (a) The Fair Market Value on the Offering Date; or

          (b) The Fair Market Value on the Purchase Date;

provided, however, that in no event may the purchase price per share of the Company’s
Common Stock be below the par value per share of the Company’s Common Stock.

     9. Payment Of Purchase Price; Changes In Payroll Deductions; Issuance Of Shares.

          (a) The purchase price of the shares is accumulated by regular payroll deductions made during
each Accrual Period. The deductions are made as a percentage of the Participant’s compensation in
one percent (1%) increments not less than two percent (2%), nor greater than ten percent (10%) or
such lower limit set by the Committee. Compensation shall mean base salary and commissions.
Payroll deductions shall commence on the first payday of each Accrual Period and shall end on the
last payday that occurs in such Accrual Period unless sooner altered or terminated as provided in
this Plan. Notwithstanding the foregoing, if the last payday that occurs in an Accrual Period is
within five business days prior to the Purchase Date, the last payday may be deemed to be the
immediately preceding payday, provided that such determination is made and announced prior to the
scheduled beginning of the applicable Accrual Period.

          (b) A Participant may increase or decrease the rate of payroll deductions for any subsequent
Offering Period by filing with the Company a new authorization for payroll deductions before the
beginning of such Offering Period by the deadline established by the Company and in accordance with
the Company’s administrative procedures for the Plan.

          (c) Solely
with respect to the twelve-month Offering Period that commenced on March 16, 2005,
a Participant may lower or increase the rate of payroll deductions to be effective with the next
Accrual Period to occur in that Offering Period by filing with the Company a new authorization for
payroll deductions. The Participant must file the authorization before the beginning of the next
Accrual Period during the same time period as enrollment is open under Section 6 above.

          (d) All payroll deductions made for a Participant are credited to his or her account under
this Plan and are deposited with the general funds of the Company. No interest accrues on the
payroll deductions. All payroll deductions received or held by the Company may be used by the
Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll
deductions.

          (e) On each Purchase Date, so long as this Plan remains in effect and provided that the
Participant has not timely submitted a signed and completed withdrawal form before that date which
notifies the Company that the Participant wishes to withdraw from that Offering Period under this
Plan and have all payroll deductions accumulated in the account maintained on behalf of the
Participant as of that date returned to the Participant, the Company shall apply the funds then in
the Participant’s
account to the purchase of whole shares of Common Stock reserved under the option granted to such
Participant with respect to the Offering Period to the extent that such option is exercisable on
the Purchase Date. The purchase price per share shall be as specified in Section 8 of this Plan.
Any cash remaining in a Participant’s account after such purchase of shares because the amount is
insufficient to

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Intuit Inc.

Employee Stock Purchase Plan

purchase a whole share shall be returned to the Participant, without interest. Any
cash remaining in a Participant’s account after such purchase due to the limitations in Section 10
below shall be returned to the Participant, without interest. Subject to Section 12 below, no
Common Stock shall be purchased on a Purchase Date on behalf of any employee whose participation in
this Plan has terminated prior to such Purchase Date.

          (f) As promptly as practicable after the Purchase Date, the Company shall deliver shares
representing the shares purchased.

          (g) During a Participant’s lifetime, such Participant’s option to purchase shares hereunder
is exercisable only by him or her. The Participant will have no interest or voting right in shares
covered by his or her option until such option has been exercised. Shares issued for the benefit
of a Participant under this Plan will be issued to an account in the name of the Participant. The
Company may require shares to be issued to an account established by a broker dealer approved by
the Company.

     10. Limitations on Shares to be Purchased.

          (a) No Participant shall be entitled to purchase stock under this Plan at a rate which, when
aggregated with his or her rights to purchase stock under all other employee stock purchase plans
of the Company or any Subsidiary, exceeds $25,000 in fair market value, determined as of the
Offering Date (or such other limit as may be imposed by the Code) for each calendar year in which
the employee is a Participant in this Plan.

          (b) No Participant shall be entitled to purchase more than the Maximum Share Amount on any
single Purchase Date. Prior to the commencement of any Offering Period, the Committee may, in its
sole discretion, set a Maximum Share Amount. In no event shall the Maximum Share Amount exceed the
amounts permitted under Section 10(e) below. If a new Maximum Share Amount is set, then all
Participants must be notified of such Maximum Share Amount prior to the deadline established by the
Company to enroll or change the rate of payroll deductions for the next Offering Period. Once the
Maximum Share Amount is set, it shall continue to apply with respect to all succeeding Offering
Periods unless revised by the Committee as set forth above.

          (c) If the number of shares to be purchased on a Purchase Date by all Participants exceeds
the number of shares then available for issuance under this Plan, then the Company will make a pro
rata allocation of the remaining shares in as uniform a manner as shall be reasonably practicable
and as the Committee shall determine to be equitable. In such event, the Company shall give
written notice of such reduction of the number of shares to be purchased under a Participant’s
option to each Participant affected thereby.

          (d) Any payroll deductions accumulated in a Participant’s account which are not used to
purchase stock due to the limitations in this Section 10 shall be returned to the Participant as
soon as practicable after the end of the applicable Accrual Period, without interest.

          (e) Solely with respect to the twelve-month Offering Period that commenced on March 16, 2005,
no more than twice the number of shares that the Participant could have purchased at the
price on the Offering Date may be purchased by a Participant on any single Purchase Date within
that Offering Period.

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Intuit Inc.

Employee Stock Purchase Plan

     11. Withdrawal.

          (a) Each Participant may withdraw from an Offering Period under this Plan by withdrawing from
the Plan in accordance to the procedures established by the Company by the deadline established by
the Company for withdrawals.

          (b) Upon withdrawal from this Plan, the accumulated payroll deductions shall be returned to
the withdrawn Participant, without interest, and his or her interest in this Plan shall terminate.
In the event a Participant withdraws from this Plan in accordance with Section 11(a), he or she may
not resume his or her participation in this Plan during the same Offering Period, but he or she may
participate in any Offering Period under this Plan which commences on a date subsequent to such
withdrawal by filing a new authorization for payroll deductions in the same manner as set forth
above in Section 6 for initial participation in this Plan.

          (c) Solely with respect to the twelve-month Offering Period that commenced on March 16, 2005,
if the Fair Market Value on the Offering Date is higher than the Fair Market Value on the first day
of any subsequent Offering Period, the March 16, 2005 Offering Period will end following the
Purchase Date and the Company will automatically enroll such Participant in the Offering Period
that begins immediately following the Purchase Date. Any funds accumulated in the Participant’s
account prior to the first day of such subsequent Offering Period will be applied to the purchase
of shares on the Purchase Date immediately prior to the first day of such subsequent Offering
Period. A Participant does not need to file any forms with the Company to automatically be
enrolled in the subsequent Offering Period in accordance with this Section 11(c).

     12. Termination of Employment.

          (a) Termination of a Participant’s employment for any reason, including retirement, death or
the failure of a Participant to remain an eligible employee under Section 4 above, immediately
terminates his or her participation in this Plan. In such event, the payroll deductions credited
to the Participant’s account will be returned to him or her or, in the case of his or her death, to
his or her legal representative, without interest.

          (b) For purposes of this Section 12, an employee will not be deemed to have terminated
employment or failed to remain an eligible employee in the case of sick leave, military leave, or
any other leave of absence approved by the Committee; provided that such leave is for a period of
not more than ninety (90) days or reemployment upon the expiration of such leave is guaranteed by
contract or statute.

     13. Return of Payroll Deductions. In the event a Participant’s interest in this Plan is
terminated by withdrawal, termination of employment or otherwise, or in the event this Plan is
terminated, the Company shall promptly deliver to the Participant all payroll deductions credited
to such Participant’s account. No interest shall accrue on the payroll deductions of a Participant
in this Plan.

     14. Capital Changes. Subject to any required action by the stockholders of the Company, the
number of shares of Common Stock covered by each option under this Plan which has not yet been
exercised and the number of shares of Common Stock which have been authorized for issuance under
this Plan but have not yet been placed under option, as well as the price per share of Common Stock
covered by each option under this Plan which has not yet been exercised, shall be proportionately
adjusted for any increase or decrease in the number of issued and outstanding shares of Common
Stock of the Company resulting from a stock split or the payment of a stock dividend (but only on
the

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Intuit Inc.

Employee Stock Purchase Plan

Common Stock) or any other increase or decrease in the number of issued and outstanding shares
of Common Stock effected without receipt of any consideration by the Company; provided, however,
that conversion of any convertible securities of the Company shall not be deemed to have been
“effected without receipt of consideration”; and provided further, that the price per share of
Common Stock shall not be reduced below its par value per share. Such adjustment shall be made by
the Committee, whose determination shall be final, binding and conclusive. Except as expressly
provided herein, no issue by the Company of shares of stock of any class, or securities convertible
into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made
with respect to, the number or price of shares of Common Stock subject to an option.

     In the event of the proposed dissolution or liquidation of the Company, each Offering Period
will terminate immediately prior to the consummation of such proposed action and the accrued
payroll deductions will be returned to each Participant without interest, unless otherwise provided
by the Committee. The Committee may, in the exercise of its sole discretion in such instances,
shorten each Offering Period in progress and establish a new Purchase Date (the “Special Purchase
Date”) upon which the accrued payroll deductions of each Participant who does not elect to withdraw
his or her payroll deductions will be used to purchase whole shares with any remaining cash balance
in a Participant’s account being returned to such Participant as soon as administratively
practicable following the Special Purchase Date. In the event of a proposed sale of all or
substantially all of the assets of the Company, or the merger or consolidation of the Company with
or into another corporation, each option under this Plan shall be assumed or an equivalent option
shall be substituted by such successor corporation or a parent or subsidiary of such successor
corporation. In the event the successor corporation does not assume or substitute such options,
the Committee shall shorten each Offering Period in progress and establish a Special Purchase Date
upon which the accrued payroll deductions of each Participant who does not elect to withdraw his or
her payroll deductions will be used to purchase whole shares with any remaining cash balance in a
Participant’s account being returned to such Participant as soon as administratively practicable
following the Special Purchase Date. The price at which each share may be purchased on such
Special Purchase Date shall be calculated in accordance with Section 8 above as if “Purchase Date”
were replaced by “Special Purchase Date”.

     The Committee may, if it so determines in the exercise of its sole discretion, also make
provision for adjusting the Reserves, as well as the price per share of Common Stock covered by
each outstanding option, in the event that the Company effects one or more reorganizations,
recapitalizations, rights offerings or other increases or reductions of shares of its outstanding
Common Stock, or in the event of the Company being consolidated with or merged into any other
corporation; provided, that the price per share of Common Stock shall not be reduced below its par
value per share.

     15. Nonassignability. Neither payroll deductions credited to a Participant’s account nor any
rights with regard to the exercise of an option or to receive shares under this Plan may be
assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of
descent and distribution or as provided in Section 22 hereof) by the Participant. Any such attempt
at assignment, transfer, pledge or other disposition shall be void and without effect.

     16. Reports. Individual accounts will be maintained for each Participant in this Plan. Each
Participant shall receive promptly after the end of each Offering Period a report of his or her
account setting forth the total payroll deductions accumulated, the number of shares purchased, the
per share price thereof and any cash remaining in the Participant’s account after the shares are
purchased.

     17. Notice of Disposition. In order that the Company may properly report the compensation
attributable to a Participant’s disposition of shares purchased under this Plan, the Company may

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Intuit Inc.

Employee Stock Purchase Plan

require Participants to keep shares purchased under this Plan in an account established with a
broker dealer approved by the Company until the Participant sells, gifts or transfers such shares
by descent or distribution. The Company may, at any time during the Notice Period, place a legend
or legends on any certificate representing shares acquired pursuant to this Plan requesting the
Company’s transfer agent to notify the Company of any transfer of the shares. The obligation of
the Participant to provide such notice shall continue notwithstanding the placement of any such
legend on the certificates.

     18. No Rights to Continued Employment. Neither this Plan nor the grant of any option
hereunder shall confer any right on any employee to remain in the employ of the Company or any
Subsidiary, or restrict the right of the Company or any Subsidiary to terminate such employee’s
employment.

     19. Equal Rights And Privileges. All eligible employees shall have equal rights and
privileges with respect to this Plan so that this Plan qualifies as an “employee stock purchase
plan” within the meaning of Section 423 or any successor provision of the Code and the related
regulations. Any provision of this Plan which is inconsistent with Section 423 or any successor
provision of the Code shall, without further act or amendment by the Company or the Committee, be
reformed to comply with the requirements of Section 423. This Section 19 shall take precedence
over all other provisions in this Plan.

     20. Notices. All notices or other communications by a Participant to the Company under or in
connection with this Plan shall be deemed to have been duly given when received in the form
specified by the Company at the location, or by the person, designated by the Company for the
receipt thereof.

     21. Term; Stockholder Approval. This Plan became effective October 7, 1996, the date on
which it was adopted by the Board and was approved by the stockholders of the Company, in a manner
permitted by applicable corporate law, within twelve (12) months after the date this Plan was
adopted by the Board. No purchase of shares pursuant to this Plan occurred prior to such
stockholder approval. This Plan shall continue until the earlier to occur of (a) termination of
this Plan by the Board or the Committee (which termination may be effected at any time), (b)
issuance of all of the shares of Common Stock reserved for issuance under this Plan, or (c) July
27, 2015.

     22. Death of a Participant.

          (a) In the event of a Participant’s death, payroll deductions in his or her account shall be
refunded to the Participant’s legal representative in accordance with the Company’s then current
Payroll Department’s procedures for payment of a deceased employees’ wages. Any shares purchased
under the Plan on behalf of a Participant are to be treated in accordance with the Participant’s
will or the laws of descent and distribution.

     23. Conditions Upon Issuance of Shares; Limitation on Sale of Shares. Shares shall not be
issued with respect to an option unless the exercise of such option and the issuance and delivery
of such shares pursuant thereto shall comply with all applicable provisions of law, domestic or
foreign, including, without limitation, the Securities Act of 1933, as amended, the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, and the
requirements of any
stock exchange or automated quotation system upon which the shares may then be listed, and shall be
further subject to the approval of counsel for the Company with respect to such compliance.

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Intuit Inc.

Employee Stock Purchase Plan

     24. Applicable Law. The Plan shall be governed by the substantive laws (excluding the
conflict of laws rules) of the State of California.

     25. Amendment or Termination of this Plan. The Committee may at any time amend, terminate or
extend the term of this Plan, except that any such termination cannot affect options previously
granted under this Plan, nor may any amendment make any change in an option previously granted
which would adversely affect the right of any Participant.

Notwithstanding the prohibition against affecting options previously granted under this Plan, this
Plan or an Offering Period may be terminated by the Committee on a Purchase Date or by the
Committee’s setting a new Purchase Date with respect to an Offering Period then in progress if the
Committee determines that termination of the Plan and/or the Offering Period is in the best
interests of the Company and the stockholders or if continuation of the Plan and/or the Offering
Period would cause the Company to incur adverse accounting charges as a result of a change in the
generally accepted accounting rules or interpretations thereof that are applicable to this Plan.

The Company must obtain stockholder approval for each amendment of this Plan for which stockholder
approval is required by the Code, the rules of any stock exchange or automated quotation system
upon which the Company’s shares may then be listed, or any other applicable laws or regulation.
Such stockholder approval must be obtained, in a manner permitted by applicable corporate law,
within twelve (12) months of the adoption of such amendment by the Committee.

     26. Definitions.

	 	(a)	 	“Accrual Period” means the three-month period coinciding with
the Offering Period during which payroll deductions are accumulated, with the
exception of the twelve-month Offering Period that commenced on March 16, 2005
which, subject to Section 11(c), is comprised of four three-month Accrual
Periods.
	 
	 	(b)	 	“Board” means the Board of Directors of the Company.
	 
	 	(c)	 	“Code” means the Internal Revenue Code of 1986, as amended.
	 
	 	(d)	 	“Committee” means the Compensation and Organizational
Development Committee appointed by the Board. The Committee is comprised of at
least two (2) members of the Board, all of whom are Outside Directors.
	 
	 	(e)	 	“Company” means Intuit Inc., a Delaware corporation.
	 
	 	(f)	 	“Fair Market Value” means as of any date, the value of a share
of the Company’s Common Stock determined as follows:

(i) if such Common Stock is then quoted on the Nasdaq National Market, its
last reported sale price on the Nasdaq National Market or, if no such
reported sale takes place on such date, the average of the closing bid and
asked prices;

(ii) if such Common Stock is publicly traded and is then listed on a
national securities exchange, its last reported sale price or, if no such
reported sale takes place on such date, the average of the closing bid and
asked prices

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Intuit Inc.

Employee Stock Purchase Plan

on the principal national securities exchange on which the
Common Stock is listed or admitted to trading;

(iii) if such Common Stock is publicly traded but is not quoted on the
Nasdaq National Market or listed or admitted to trading on a national
securities exchange, the average of the closing bid and asked prices on such
date, as reported in The Wall Street Journal, for the over-the-counter
market; or

(iv) if none of the foregoing is applicable, by the
Board in good faith.

	 	(g)	 	“Maximum Share Amount” means the maximum number of shares which
may be purchased by any employee at any single Purchase Date.
	 
	 	(h)	 	“Notice Period” is the period beginning two (2) years from the
Offering Date and one (1) year from the Purchase Date on which such shares were
purchased.
	 
	 	(i)	 	“Offering Date” is the first business day of each Offering
Period.
	 
	 	(j)	 	“Offering Period” means a three-month period containing a
single three-month Accrual Period. Notwithstanding the foregoing, and subject
to Section 11(c) above, the Offering Period that commenced on March 16, 2005
shall be a twelve-month period containing four three-month Accrual Periods.
	 
	 	(k)	 	“Outside Directors” means outside directors within the meaning
of Code Section 162(m).
	 
	 	(l)	 	“Participating Subsidiaries” means Subsidiaries that have been
designated by the Committee from time to time as eligible to participate in
this Plan.
	 
	 	(m)	 	“Plan” means this Intuit Inc. Employee Stock Purchase Plan, as
amended from time to time.
	 
	 	(n)	 	“Parent Corporation” and “Subsidiary” (collectively,
“Subsidiaries”) shall have the same meanings as “parent corporation” and
“subsidiary corporation” in Code Sections 424(e) and 424(f).
	 
	 	(o)	 	“Participant” means an employee who meets the eligibility
requirements of Section 4 above and timely enrolls in the Plan in accordance
with Section 6 above.
	 
	 	(p)	 	“Purchase Date” is the last business day of each Accrual
Period.
	 
	 	(q)	 	“Reserves” means (i) the number of shares of Common Stock
covered by each option under this Plan which has not yet been exercised and
(ii) the number of shares of Common Stock which have been authorized for
issuance under this Plan but have not yet been placed under option.

- 9 -

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