Document:

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                                                                    Exhibit 4.03

                                   INTUIT INC.

                        1996 EMPLOYEE STOCK PURCHASE PLAN

                   As Adopted by the Board on October 7, 1996
                And Approved by Stockholders on November 25, 1996
                   As Amended by the Board on October 24, 2001
                And Approved by Stockholders on January 18, 2002
          As Amended by the Compensation Committee on January 15, 2002
          And As Most Recently Amended by the Board on October 9, 2002
                And Approved by Stockholders on December 12, 2002

      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
4,900,000 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, except for amendments described in Section 25
that require Board and stockholder approval. 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.
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                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

      4.    ELIGIBILITY.

            (a)   Prior to the Offering Period commencing December 16, 2001, 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;

                  (ii)  employees who are customarily employed for less than
twenty (20) hours per week;

                  (iii) employees who are customarily employed for less than
five (5) months in a calendar year; and

                  (iv)  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 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)   Effective with the Offering Period commencing December 16,
2001, 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 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.

            (c)   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.

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                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

      5.    OFFERING DATES.

            (a)   Prior to the Offering Period commencing June 16, 2001,
Offering Periods shall be of six (6) months duration commencing on December 16
and June 16 of each year and ending on June 15 and December 15 of each year,
except for the first and second Offering Periods under this Plan. The first
Offering Period began on January 1, 1997 and ended on June 30, 1997, and the
second Offering Period began on July 1, 1997 and ended on December 15, 1997.

            (b)   Effective with the Offering Period commencing June 16, 2001,
Offering Periods shall be of twelve (12) months duration commencing on December
16 and June 16 of each year and ending on the following December 15 and June 15.
Each Offering Period shall consist of two six-month Accrual Periods during which
payroll deductions of the Participants are accumulated under this Plan.

            (c)   Effective with the Offering Period commencing June 16, 2003,
Offering Periods shall be of twelve (12) months duration commencing on each June
16, September 16, December 16 and March 16 and ending on the following June 15,
September 15, December 15 and March 15, respectively. Each Offering Period shall
consist of four three-month Accrual Periods during which payroll deductions of
the Participants are accumulated under this Plan. The Offering Period commencing
December 16, 2002 shall be a transitional Offering Period of twelve (12) months
duration comprised of one six-month Accrual Period commencing on December 16,
2002 and ending on June 15, 2003 and two three-month Accrual Periods, the first
commencing on June 16, 2003 and ending on September 15, 2003 and the second
commencing on September 16, 2003 and ending on December 15, 2003.

            (d)   The Board 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

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<PAGE>
                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

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 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 in an Offering 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 change the rate of payroll deductions during
an Offering Period as set forth below:

                  (i)   Effective for Offering Periods commencing on or before
December 16, 2002 (and through the first six-month Accrual Period in such
Offering Period), a Participant may lower (but not increase) the rate of payroll
deductions during an Offering Period by filing with the Company a new
authorization for payroll deductions, in which case the new rate shall become
effective after the Company's receipt of the authorization in accordance with
the Company's administrative procedures for the Plan and shall continue for the
remainder of the Offering Period unless changed as described below. Such change
lowering the rate of payroll deductions may be made at any time during an
Offering Period, but not more than one (1) change may be made effective during
any Accrual Period. A Participant who lowers his or her rate of payroll
deduction during an Accrual Period may later request to cease payroll deductions
during the same Accrual Period under Section 9(c) below through the first
six-month Accrual Period in the Offering Period commencing December 16, 2002.

                  (ii)  Effective beginning with the first three-month Accrual
Period in the Offering Period commencing December 16, 2002 and for each
subsequent Offering Period, a Participant may lower or increase the rate of
payroll deductions to be effective with the next Accrual Period in the Offering
Period in which the Participant is enrolled by filing with the Company a new
authorization

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                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

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.

            (c)   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.

            (d)   Effective with the Offering Period commencing December 16,
2000 and ending with the first six-month Accrual Period in the Offering Period
commencing December 16, 2002, a participant may reduce his or her payroll
deduction rate to zero during an Offering Period by filing with the Company a
request to cease payroll deductions. Such request shall be effective after the
Company's receipt of the request in accordance with the Company's administrative
procedures for the Plan and provided the payroll deduction suspension request is
made by the deadline established by the Company no further payroll deductions
will be made for the duration of the Offering Period. Payroll deductions
credited to the Participant's account prior to the effective date of the request
shall be used to purchase shares of Common Stock of the Company in accordance
with Section 9(e) below. A Participant may not resume making payroll deductions
during the Offering Period in which he or she reduces his or her payroll
deduction rate to zero. Unless the Participant elects to withdraw effective
following the purchase in accordance with Section 11 below, the Participant's
payroll deductions will automatically restart for the Offering Period that
begins immediately following the Purchase Date at the rate that was in effect
before the Participant filed his or her request to cease payroll deductions.

            (e)   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.

            (f)   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. Effective with the Offering Period
commencing June 16, 2001, any cash remaining in a Participant's account after
such purchase of shares because the amount is insufficient to purchase a whole
share shall be returned to the Participant, without interest. Prior to the
Offering Period commencing June 16, 2001, any cash remaining in a Participant's
account after such purchase of shares because the amount is insufficient to
purchase a whole share shall be carried forward, without interest, into the next
Accrual Period. 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 or former
employee whose participation in this Plan has terminated prior to such Purchase
Date.

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

            (h)   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

                                      -5-
<PAGE>
                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

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 or in the name of the Participant and his or her
spouse.

      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 more than twice the number of shares that the Participant
could have purchased at the price on an Offering Date may be purchased by a
Participant on any single Purchase Date within that Offering Period.

            (c)   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(b) above. 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.

            (d)   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.

            (e)   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.

      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)   If the Fair Market Value on the first day of a current
Offering Period in which a Participant is enrolled is higher than the Fair
Market Value on the first day of any subsequent Offering

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<PAGE>
                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

Period, the current 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)   Effective with the Offering Period commencing December 16,
2001 and ending with the Purchase Date of the first six-month Accrual Period in
the Offering Period commencing December 16, 2002, if a Participant terminates
employment for any reason within ninety (90) days prior to a Purchase Date,
payroll deductions credited to the Participant's account prior to the date his
or her employment terminates shall be used to purchase shares of Common Stock of
the Company in accordance with Section 9(f) above. If, however, the Participant
or, in the event of the Participant's death, the Participant's legal
representative, elects to withdraw from the Plan in accordance with Section 11
above, payroll deductions credited to the Participant's account prior to the
date his or her employment terminates shall be returned to the Participant or,
in the case of his or her death, to his or her legal representative, without
interest. If a Participant terminates employment for any reason more than ninety
(90) days prior to a Purchase Date, payroll deductions credited to the
Participant's account prior to the date his or her employment terminates shall
be returned to him or her or, in the case of his or her death, to his or her
legal representative, without interest.

            (b)   Prior to the Offering Period commencing December 16, 2001 and
effective immediately following the first Purchase Date of the Offering Period
commencing December 16, 2002 and for subsequent Offering Periods, 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.

            (c)   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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<PAGE>
                                                                     Intuit Inc.
                                               1996 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 Board, 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 Board. The Board
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
Board 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 Board 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. Effective January 1, 2003, 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 require
Participants to keep shares purchased under this Plan in an

                                      -8-
<PAGE>
                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

account established with a broker dealer approved by the Company until the
Participant sells, gifts or transfers such shares by descent or distribution.
Prior to such Offering Period, each Participant may be required to notify the
Company if the Participant disposes of any of the shares purchased in any
Offering Period pursuant to this Plan if such disposition occurs within the
Notice Period. 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 Board, 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 (which termination may be effected by the Board at any
time), (b) issuance of all of the shares of Common Stock reserved for issuance
under this Plan, or (c) ten (10) years from the adoption of this Plan by the
Board.

                                      -9-
<PAGE>
                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

      22.   DEATH OF A PARTICIPANT.

            (a)   Effective with the Offering Period commencing December 16,
2001 and ending with the Purchase Date of the first six-month Accrual Period in
the Offering Period commencing December 16, 2002, in the event of a
Participant's death, payroll deductions in his or her account shall, in
accordance with Section 12(a) above, and the Participant's will or the laws of
descent and distribution to the extent consistent with this Plan, either (i)
purchase Shares on the next Purchase Date in accordance with Section 12(a); or
(ii) be refunded to the Participant's legal representative in accordance with
Section 9(f). Effective immediately following the first Purchase Date of the
Offering Period commencing December 16, 2002 and for subsequent Offering Periods
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
Section 9(f). 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.

            (b)   Prior to the Offering Period commencing December 16, 2001, a
Participant may file a written designation of a beneficiary who is to receive
any shares and cash, if any, from the Participant's account under this Plan in
the event of such Participant's death subsequent to the end of an Offering
Period but prior to delivery to him of such shares and cash. In addition, a
Participant may file a written designation of a beneficiary who is to receive
any cash from the Participant's account under this Plan in the event of such
Participant's death prior to a Purchase Date.) Such designation of beneficiary
may be changed by the Participant at any time by written notice. In the event of
the death of a Participant and in the absence of a beneficiary validly
designated under this Plan who is living at the time of such Participant's
death, the Company shall deliver such shares or cash to the executor or
administrator of the estate of the Participant, or if no such executor or
administrator has been appointed (to the knowledge of the Company), the Company,
in its discretion, may deliver such shares or cash to the spouse or to any one
or more dependents or relatives of the Participant, or if no spouse, dependent
or relative is known to the Company, then to such other person as the Company
may designate.

      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.

      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 foregoing,
the Board must make any amendment that would:

            (a)   increase the number of shares that may be issued under this
Plan;

            (b)   change the designation of the employees (or class of
employees) eligible for participation in this Plan; or

                                      -10-
<PAGE>
                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

            (c)   constitute an amendment for which stockholder approval is
required by any stock exchange or automated quotation system upon which the
shares may then be listed.

Each such amendment, except for an amendment under Section 25(b) above, requires
stockholder approval of the Company to be obtained. 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 Board.

Notwithstanding the prohibition against affecting options previously granted
under this Plan, this Plan or an Offering Period may be terminated by the Board
on a Purchase Date or by the Board's setting a new Purchase Date with respect to
an Offering Period then in progress if the Board 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.

      26.   DEFINITIONS.

            (a)   "Board" means the Board of Directors of the Company.

            (b)   "Code" means the Internal Revenue Code of 1986, as amended.

            (c)   "Committee" means a committee appointed by the Board. If two
                  or more members of the Board are Outside Directors, the
                  Committee will be comprised of at least two (2) members of the
                  Board, all of whom are Outside Directors. If no Committee has
                  been established references to the "Committee" shall mean the
                  Board.

            (d)   "Company" means Intuit Inc., a Delaware corporation.

            (e)   "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 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

                                      -11-
<PAGE>
                                                                     Intuit Inc.
                                               1996 Employee Stock Purchase Plan

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

            (f)   "Maximum Share Amount" means the maximum number of shares
                  which may be purchased by any employee at any single Purchase
                  Date.

            (g)   "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 purchase.

            (h)   "Offering Date" is the first business day of each Offering
                  Period.

            (i)   "Offering Period" means through the Offering Period commencing
                  June 16, 2002, a twelve-month period containing two six-month
                  Accrual Periods. Effective with the Offering Period commencing
                  June 16, 2003, Offering Period means a twelve-month period
                  containing four three-month Accrual Periods. The transitional
                  Offering Period commencing December 16, 2002 shall be a
                  twelve-month period containing one six-month Accrual Period
                  and two three-month Accrual Periods. Effective prior to June
                  16, 2001, the Offering Period was six-months in length and
                  contained one six-month Accrual Period.

            (j)   "Outside Directors" means outside directors within the meaning
                  of Code Section 162(m).

            (k)   "Participating Subsidiaries" means Subsidiaries that have been
                  designated by the Board from time to time as eligible to
                  participate in this Plan,

            (l)   "Plan" means this Intuit Inc. 1996 Employee Stock Purchase
                  Plan, as amended from time to time.

            (m)   "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).

            (n)   "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.

            (o)   "Purchase Date" is the last business day of each Accrual
                  Period.

            (p)   "Accrual Period" means prior to June 16, 2003, a six-month
                  period during which payroll deductions are accumulated and
                  effective June 16, 2003 means, a three-month period during
                  which payroll deductions are accumulated.

            (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.

                                      -12-<PAGE>
                                                                    Exhibit 4.04

                                   INTUIT INC.

                        1996 DIRECTORS STOCK OPTION PLAN

                   As Adopted by the Board on October 7, 1996
                and Approved by Stockholders on November 25, 1996
            As Most Recently Amended by the Board on October 9, 2002
                And Approved by Stockholders on December 12, 2002

      1.    PURPOSE. This 1996 Directors Stock Option Plan (this "Plan") is
established to provide equity incentives for non-employee members of the Board
of Directors of Intuit Inc. (the "Company"), who are described in Section 6.1
below, by granting such persons options to purchase shares of stock of the
Company.

      2.    ADOPTION AND STOCKHOLDER APPROVAL. This Plan became effective on
October 7, 1996, (the "Effective Date"), the date on which it was adopted by the
Board of Directors of the Company (the "Board") and was approved by the
stockholders of the Company, consistent with applicable laws on November 25,
1996. The amendments to the Plan that were approved by the Board on October 9,
2002 are subject to stockholder approval and become effective on the date on
which they are approved by the Company's stockholders (the "Amendment Approval
Date"). No stock option that is granted as a result of any increase in the
number of shares authorized to be issued under this Plan shall be exercised
prior to the time such increase has been approved by the stockholders of the
Company and all such options granted pursuant to such increase shall terminate
if such stockholder approval is not obtained.

      3.    TYPES OF OPTIONS AND SHARES. Options granted under this Plan
("Options") shall be non-qualified stock options. The shares of stock that may
be purchased upon exercise of Options granted under this Plan are shares of the
Common Stock of the Company (the "Shares").

      4.    NUMBER OF SHARES. The maximum number of Shares that may be issued
pursuant to Options granted under this Plan (the "Maximum Number") is 1,050,000
Shares, subject to adjustment as provided in Section 11 of this Plan. If any
Option is terminated for any reason without being exercised in whole or in part,
the Shares thereby released from such Option shall be available for purchase
under other Options granted under this Plan. At all times during the term of
this Plan, the Company shall reserve and keep available such number of Shares as
shall be required to satisfy the requirements of outstanding Options granted
under this Plan; provided, however, that if the aggregate number of Shares
subject to outstanding Options granted under this Plan plus the aggregate number
of Shares previously issued by the Company pursuant to the exercise of Options
granted under this Plan equals or exceeds the Maximum Number, then
notwithstanding anything herein to the contrary, no further Options may be
granted under this Plan until the Maximum Number is increased or the aggregate
number of Shares subject to outstanding Options granted under this Plan plus the
aggregate number of Shares previously issued by the Company pursuant to the
exercise of Options granted under this Plan is less than the Maximum Number.

      5.    ADMINISTRATION. This Plan shall be administered by the Board. The
interpretation by the Board of any of the provisions of this Plan or any Option
granted under this Plan shall be final and binding upon the Company and all
persons having an interest in any Option or any Shares purchased pursuant to an
Option.
<PAGE>
                                                                     Intuit Inc.
                                                1996 Directors Stock Option Plan

      6.    ELIGIBILITY AND AWARD FORMULA.

            6.1   Eligibility. Options shall be granted only to directors of the
Company who are not current or former employees of the Company or any Parent,
Subsidiary or Affiliate of the Company, as those terms are defined in Section 17
below (each such person referred to as a "Non-Employee Director").

            6.2   Initial Grant. Each Non-Employee Director who first becomes a
member of the Board will automatically be granted an Option for 45,000 Shares
(each such Option referred to as the "Initial Grant").

            6.3   Succeeding Grants. On each anniversary of an Initial Grant,
each Non-Employee Director will automatically be granted an Option for 15,000
Shares (each such Option referred to as a "Succeeding Grant").

            6.4   Audit Committee Grants. Each Non-Employee Director who is
appointed as a new member to the Audit Committee after the Amendment Approval
Date will automatically be granted an Option for 5,000 shares on the day he or
she is appointed. On each anniversary of a Non-Employee Director's first Option
grant pursuant to this Section 6.4 on which the Non-Employee Director is a
member of the Audit Committee, the Non-Employee Director will automatically be
granted another 5,000 share Option (each such Option referred to as an "Audit
Committee Grant").

            6.5   Compensation Committee Grants. Each Non-Employee Director who
is appointed as a new member to the Compensation Committee after the Amendment
Approval Date will automatically be granted an Option for 5,000 shares on the
day he or she is appointed. On each anniversary of a Non-Employee Director's
first Option grant pursuant to this Section 6.5 on which the Non-Employee
Director is a member of the Compensation Committee, the Non-Employee Director
will automatically be granted another 5,000 share Option (each such Option
referred to as a "Compensation Committee Grant").

            6.6   Nominating & Governance Committee Grants. On the Amendment
Approval Date, each member of the Nominating & Governance Committee will
automatically be granted an Option for 5,000 Shares. Each Non-Employee Director
who is appointed as a new member to the Nominating & Governance Committee after
the Amendment Approval Date will automatically be granted an Option for 5,000
shares on the day he or she is appointed. On each anniversary of a Non-Employee
Director's first Option grant pursuant to this Section 6.6 on which the
Non-Employee Director is a member of the Nominating & Governance Committee, the
Non-Employee Director will automatically be granted another 5,000 share Option
(each such Option referred to as a "Nominating & Governance Committee Grant").

      7.    TERMS AND CONDITIONS OF OPTIONS. Subject to the following and to
Section 6 above:

            7.1   Form of Option Grant. Each Option granted under this Plan
shall be evidenced by a written Stock Option Grant ("Grant") in such form (which
need not be the same for each Non-Employee Director) as the Board or its
delegees shall from time to time approve, which Grant shall comply with and be
subject to the terms and conditions of this Plan.

            7.2   Vesting.

                                        2
<PAGE>
                                                                     Intuit Inc.
                                                1996 Directors Stock Option Plan

                  (a)   Options granted prior to February 19, 1999 shall become
exercisable as they vest according to the following vesting schedule: each
Initial Grant and Succeeding Grant will vest as to twenty-five percent (25%) of
the Shares upon the first anniversary of the date such Option is granted and an
additional 2.0833% of the Shares each month thereafter, so long as the
Non-Employee Director continuously remains a director or a consultant of the
Company.

                  (b)   Options granted under this Plan on or after February 19,
1999 but prior to November 30, 1999 shall be fully vested and exercisable on the
date of grant.

                  (c)   Initial Grants and Succeeding Grants granted on or after
November 30, 1999 shall become exercisable as they vest according to the
following vesting schedule: (i) each Initial Grant will vest as to 25% of the
Shares upon the first anniversary of the date such Option is granted and an
additional 2.0833% of the Shares each month thereafter and become fully vested
on the fourth anniversary of the date of grant, so long as the Non-Employee
Director continuously remains a director or a consultant of the Company, (ii)
each Succeeding Grant will vest as to 50% of the Shares upon the first
anniversary of the date such Option is granted and an additional 4.1666% of the
Shares each month thereafter and become fully vested on the second anniversary
of the date of grant, so long as the Non-Employee Director continuously remains
a director or a consultant of the Company.

                  (d)   Each Audit Committee Grant, each Compensation Committee
Grant and each Nominating & Governance Committee Grant shall become exercisable
as it vests as to 8.333% of the Shares each month following the date of grant
and become fully vested on the first anniversary of the date of grant, so long
as the Non-Employee Director continuously remains a director or a consultant of
the Company.

                  (e)   Any Option granted to an Non-Employee Director will vest
as to 100% of the Shares subject to such Option, if the Non-Employee Director
ceases to be a member of the Board or a consultant of the Company due to "total
disability" or death (or his or her death occurs within three months of the
Termination Date). For purposes of this Section 7.2(e), "total disability" shall
mean: (A) (i) for so long as such definition is used for purposes of the
Company's group life insurance and accidental death and dismemberment plan or
group long term disability plan, that the Non-Employee Director is unable to
perform each of the material duties of any gainful occupation for which the
Non-Employee Director is or becomes reasonably fitted by training, education or
experience and which total disability is in fact preventing the Non-Employee
Director from engaging in any employment or occupation for wage or profit; or,
(ii) if such definition has changed, such other definition of "total disability"
as determined under the Company's group life insurance and accidental death and
dismemberment plan or group long term disability plan; and (B) the Company shall
have received from the Non-Employee Director's primary physician a certification
that the Non-Employee Director's total disability is likely to be permanent.

            7.3   Exercise Price. The exercise price of an Option shall be the
Fair Market Value (as defined in Section 17.4) of the Shares at the time that
the Option is granted.

            7.4   Termination of Option. Except as provided below in this
Section, each Option shall expire ten (10) years after its date of grant (the
"Expiration Date"). The Option shall expire when the Non-Employee Director
ceases to be a member of the Board or a consultant of the Company. The date on
which the Non-Employee Director ceases to be a member of the Board or a
consultant of the Company shall be referred to as the "Termination Date." An
Option may be exercised after the Termination Date only as set forth below:

                                       3
<PAGE>
                                                                     Intuit Inc.
                                                1996 Directors Stock Option Plan

                  (a)   Termination Generally. If the Non-Employee Director
ceases to be a member of the Board or consultant of the Company for any reason
except death or disability, then each Option to the extent then vested (as
determined by Section 7.2 of this Plan) then held by such Non-Employee Director
may be exercised by the Non-Employee Director within seven (7) months after the
Termination Date, but in no event later than the Expiration Date.

                  (b)   Death or Disability. If the Non-Employee Director ceases
to be a member of the Board or consultant of the Company because of the death of
the Non-Employee Director or the disability of the Non-Employee Director within
the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended
(the "Code"), then each Option to the extent then vested (as determined by
Section 7.2 of this Plan) then held by such Non-Employee Director may be
exercised by the Non-Employee Director (or the Non-Employee Director's legal
representative) within twelve (12) months after the Termination Date, but in no
event later than the Expiration Date.

      8.    EXERCISE OF OPTIONS.

            8.1   Exercise Period. Subject to the provisions of Section 8.5
below, Options granted on or after February 19, 1999 but prior to November 30,
1999 shall be fully vested and exercisable on the date of grant. Options granted
prior to February 19, 1999 and Options granted on or after November 30, 1999
shall be exercisable as they vest.

            8.2   Notice. Options may be exercised only by delivery to the
Company of an exercise agreement in a form approved by the Board or its delegees
stating the number of Shares being purchased, the restrictions imposed on the
Shares and such representations and agreements regarding the Non-Employee
Director's investment intent and access to information as may be required by the
Company to comply with applicable securities laws, together with payment in full
of the exercise price for the number of Shares being purchased.

            8.3   Payment. Payment for the Shares purchased upon exercise of an
Option may be made (a) in cash or by check; (b) by surrender of shares of Common
Stock of the Company that have been owned by the Non-Employee Director for more
than six (6) months (and which have been paid for within the meaning of
Securities and Exchange Commission ("SEC") Rule 144 and, if such shares were
purchased from the Company by use of a promissory note, such note has been fully
paid with respect to such shares) or were obtained by the Non-Employee Director
in the open public market, having a Fair Market Value equal to the exercise
price of the Option; (c) by waiver of compensation due or accrued to the
Non-Employee Director for services rendered; (d) provided that a public market
for the Company's stock exists, through a "same day sale" commitment from the
Non-Employee Director and a broker-dealer that is a member of the National
Association of Securities Dealers (an "NASD Dealer") whereby the Non-Employee
Director irrevocably elects to exercise the Option and to sell a portion of the
Shares so purchased to pay for the exercise price and whereby the NASD Dealer
irrevocably commits upon receipt of such Shares to forward the exercise price
directly to the Company; (e) provided that a public market for the Company's
stock exists, through a "margin" commitment from the Non-Employee Director and
an NASD Dealer whereby the Non-Employee Director irrevocably elects to exercise
the Option and to pledge the Shares so purchased to the NASD Dealer in a margin
account as security for a loan from the NASD Dealer in the amount of the
exercise price, and whereby the NASD Dealer irrevocably commits upon receipt of
such Shares to forward the exercise price directly to the Company; or (f) by any
combination of the foregoing.

                                       4
<PAGE>
                                                                     Intuit Inc.
                                                1996 Directors Stock Option Plan

            8.4   Withholding Taxes. Prior to issuance of the Shares upon
exercise of an Option, the Non-Employee Director shall pay or make adequate
provision for any federal or state withholding obligations of the Company, if
applicable.

            8.5   Limitations on Exercise. Notwithstanding the exercise periods
set forth in the Grant, exercise of an Option shall always be subject to the
following limitations:

                  (a)   An Option shall not be exercisable until such time as
this Plan (or, in the case of Options granted pursuant to an amendment
increasing the number of shares that may be issued pursuant to this Plan, such
amendment) has been approved by the stockholders of the Company in accordance
with Section 15 below.

                  (b)   An Option shall not be exercisable unless such exercise
is in compliance with the Securities Act of 1933, as amended (the "Securities
Act") and all applicable state securities laws, as they are in effect on the
date of exercise.

                  (c)   The Board may specify a reasonable minimum number of
Shares that may be purchased upon any exercise of an Option, provided that such
minimum number will not prevent the Non-Employee Director from exercising the
full number of Shares as to which the Option is then exercisable.

      9.    NONTRANSFERABILITY OF OPTIONS. During the lifetime of the
Non-Employee Director, an Option shall be exercisable only by the Non-Employee
Director or by the Non-Employee Director's guardian or legal representative,
unless otherwise permitted by the Board. No Option may be sold, pledged,
assigned, hypothecated, transferred or disposed of in any manner other than by
will or by the laws of descent and distribution.

      10.   PRIVILEGES OF STOCK OWNERSHIP. No Non-Employee Director shall have
any of the rights of a stockholder with respect to any Shares subject to an
Option until the Option has been validly exercised. No adjustment shall be made
for dividends or distributions or other rights for which the record date is
prior to the date of exercise, except as provided in this Plan. The Company
shall provide to each Non-Employee Director a copy of the annual financial
statements of the Company, at such time after the close of each fiscal year of
the Company as they are released by the Company to its stockholders.

      11.   ADJUSTMENT OF OPTION SHARES. In the event that the number of
outstanding shares of Common Stock of the Company is changed by a stock
dividend, stock split, reverse stock split, combination, reclassification or
similar change in the capital structure of the Company without consideration,
the number of Shares available under this Plan and the number of Shares subject
to outstanding Options and the exercise price per share of such outstanding
Options shall be proportionately adjusted, subject to any required action by the
Board or stockholders of the Company and compliance with applicable securities
laws; provided, however, that no fractional shares shall be issued upon exercise
of any Option and any resulting fractions of a Share shall be rounded up to the
nearest whole Share.

      12.   NO OBLIGATION TO CONTINUE AS DIRECTOR. Nothing in this Plan or any
Option granted under this Plan shall confer on any Non-Employee Director any
right to continue as a director of the Company.

                                       5
<PAGE>
                                                                     Intuit Inc.
                                                1996 Directors Stock Option Plan

      13.   COMPLIANCE WITH LAWS. The grant of Options and the issuance of
Shares upon exercise of any Options shall be subject to and conditioned upon
compliance with all applicable requirements of law, including without limitation
compliance with the Securities Act, compliance with all other applicable state
securities laws and compliance with the requirements of any stock exchange or
national market system on which the Shares may be listed. The Company shall be
under no obligation to register the Shares with the SEC or to effect compliance
with the registration or qualification requirement of any state securities laws,
stock exchange or national market system.

      14.   ACCELERATION OF OPTIONS UPON CERTAIN CORPORATE TRANSACTIONS. In the
event of (a) a dissolution or liquidation of the Company, (b) a merger or
consolidation in which the Company is not the surviving corporation (other than
a merger or consolidation with a wholly-owned subsidiary, a reincorporation of
the Company in a different jurisdiction, or other transaction in which there is
no substantial change in the stockholders of the Company or their relative stock
holdings and the Options granted under this Plan are assumed or replaced by the
successor corporation, which assumption will be binding on all Non-Employee
Directors), (c) a merger in which the Company is the surviving corporation but
after which the stockholders of the Company (other than any stockholder which
merges (or which owns or controls another corporation which merges) with the
Company in such merger) own less than 50% of the shares or other equity
interests in the Company, (d) the sale of substantially all of the assets of the
Company, or (e) the acquisition, sale or transfer of a majority of the
outstanding shares of the Company by tender offer or similar transaction, the
vesting of all options granted pursuant to this Plan will accelerate and the
options will become exercisable in full prior to the consummation of such event
at such times and on such conditions as the Board determines, and if such
options are not exercised prior to the consummation of the corporate
transaction, they shall terminate in accordance with the provisions of this
Plan.

      15.   AMENDMENT OR TERMINATION OF PLAN. The Board may at any time
terminate or amend this Plan (but may not terminate or amend the terms of any
outstanding option without the consent of the Non-Employee Director); provided,
however, that the Board shall not, without the approval of the stockholders of
the Company, increase the total number of Shares available under this Plan
(except by operation of the provisions of Sections 4 and 11 above) or broaden
the class of persons eligible to receive Options. In any case, no amendment of
this Plan may adversely affect any then outstanding Options or any unexercised
portions thereof without the written consent of the Non-Employee Director.

      16.   TERM OF PLAN. Options may be granted pursuant to this Plan from time
to time within a period of ten (10) years from the Effective Date.

      17.   CERTAIN DEFINITIONS. As used in this Plan, the following terms shall
have the following meanings:

            17.1  "Parent" means any corporation (other than the Company) in an
unbroken chain of corporations ending with the Company if each of such
corporations other than the Company owns stock possessing 50% or more of the
total combined voting power of all classes of stock in one of the other
corporations in such chain.

            17.2  "Subsidiary" means any corporation (other than the Company) in
an unbroken chain of corporations beginning with the Company if each of the
corporations other than the last corporation in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

                                       6
<PAGE>
                                                                     Intuit Inc.
                                                1996 Directors Stock Option Plan

            17.3  "Affiliate" means any corporation that directly, or indirectly
through one or more intermediaries, controls or is controlled by, or is under
common control with, another corporation, where "control" (including the terms
"controlled by" and "under common control with") means the possession, direct or
indirect, of the power to cause the direction of the management and policies of
the corporation, whether through the ownership of voting securities, by contract
or otherwise.

            17.4  "Fair Market Value" means, as of any date, the value of a
share of the Company's Common Stock determined as follows:

                  (a)   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;

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

                  (c)   if such Common Stock is publicly traded but is not
                  quoted on the Nasdaq National Market nor 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

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

                                       7

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