Document:

INTU Exhibit 10.02 10.31.2011

Exhibit 10.02
Intuit Inc. 
2012 Non-Management Director Compensation
as approved by the Board of Directors on October 19, 2011, with an effective date of January 19, 2012
Director Stock Grants
		
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	Each newly appointed or elected non-employee director will receive an initial restricted stock unit grant (an "Initial Grant") equal in number to $75,000 divided by the closing stock price on the date of grant.  The grant date for these awards shall be the first business day following the date of the director's election or appointment.  Each Initial Grant will generally vest 50% on the one-year anniversary of the grant date and 50% on the two-year anniversary of the grant date.  All of a director's Initial Grant will become fully vested in the event of death or disability of the director or upon a “Corporate Transaction” (as defined in the applicable award agreement, which requires a transaction that results in a change in control of the ownership of Intuit).  Payment of the Initial Grants shall be automatically deferred until the earliest of: (a) five years from the grant date; (b) termination (for any reason); or (c) a Corporate Transaction.  Additional voluntary deferrals may also be permitted.

		
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	Each year, following the annual meeting of Intuit's stockholders, each appointed or elected non-employee director and the Chairman of the Board shall automatically receive a grant (a "Succeeding Grant") of restricted stock units equal in number to $260,000 divided by the closing stock price on the grant date.  The grant date for these awards shall be the first business day following the annual meeting of the Company's stockholders.  If a director joins the board mid-year, the director will receive a pro-rated Succeeding Grant.  Each Succeeding Grant will generally vest in full on the first day of the 12th month following the grant date.  All of a director's Succeeding grant will become fully vested in the event of death or disability of the director or upon a Corporate Transaction.  Payment of the Succeeding Grants shall be automatically deferred until the earliest of: (a) five years from the grant date; (b) termination (for any reason); or (c) a Corporate Transaction.  Additional voluntary deferrals will also be permitted.

		
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	Within the later of five years after the director joins the Board or July 2016, each director is required to hold shares of Intuit common stock with an aggregate value of five times the amount of the annual Board member cash retainer.  Owned shares, outstanding restricted stock units, and any deferred cash retainers ultimately paid as restricted stock units (see below) count towards the ownership requirement.

Cash Retainers

		
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	Non-employee directors in good standing are paid their annual cash retainers in four equal installments.  

		
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	Non-employee directors serving on Committees (as chair or member) are paid annual retainers in addition to the annual cash compensation for service as a member of the Board, as set forth below.

		
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	Non-employee directors may elect to defer cash retainers and instead receive restricted stock units.  Such election must be made prior to the start of the calendar year, and is irrevocable once made.  Payment of any cash fees converted into restricted stock units shall be automatically deferred until the earliest of: (a) five years from the grant date; (b) termination (for any reason); or (c) a Corporate Transaction.  Additional voluntary deferrals may also be permitted.

		
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	Annual cash compensation for service as a non-employee director of the Board:  $60,000.

		
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	Annual cash compensation for non-employee director committee service:

Audit & Risk Committee: Chair - $47,500; Member - $15,000

Acquisitions Committee: Chair - $32,500; Member - $15,000

Compensation & Organizational Development: Chair - $32,500; Member - $15,000

Nominating & Governance Committee: Chair - $27,500; Member - $10,000

		
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	The Company will also pay the Chairman of the Board an annual cash stipend of $240,000 in lieu of participation in the non-employee director cash compensation program described above.INTU Exhibit 10.03 10.31.2011

EXHIBIT 10.03

Award No.[_]

INTUIT INC. 2005 EQUITY INCENTIVE PLAN GRANT AGREEMENT
 Director Restricted Stock Units- (Initial Grants, Succeeding Grants and Conversion Grants) (1)

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

	
		
	Name of Participant:
	[_]

	Address:
	[_]
[_]

	Number of Shares:
	[_]

	Date of Grant:
	[_]

	Vesting Schedule:
	Your award will vest on the following date(s) provided that you do not experience a Termination (as such term is defined in the Plan) (each date, a “Vesting Date”).  
[_]

1.    Termination:  In the event you experience a Termination prior to a Vesting Date, the following provisions will govern the vesting of this Award: (2)

(a)   Termination Generally:  In the event of your Termination prior to a Vesting Date for any reason other than due to your death or Total Disability (or pursuant to Section 1(d), below), this Award will cease to vest and you will have no right or claim to the unvested portion of the Award, which shall terminate immediately following your Termination under this Section 1(a).

(b)   Termination due to Death:  In the event of your Termination prior to a Vesting Date due to your death, this Award will vest on the date of your Termination as to 100% of the Number of Shares.

(c)   Termination due to Total Disability:  In the event of your Termination prior to a Vesting Date due to your Total Disability, this Award will vest on the date of your Termination as to 100% of the Number of Shares. Total Disability is defined in Section 10.5(d) of the Plan. 

(d)   [For Initial Grants: In the event that the date of the annual meeting of the Company's stockholders occurs within twelve months of the prior year's annual meeting of the Company's stockholders and you experience a Termination on the date of such annual meeting, your Award shall be deemed to have vested in the next installment of the Award that otherwise would have vested on the first day of the twelfth month following such meeting (but only to the extent that an installment of the Award was due to vest on such following meeting).][For Succeeding Grants: In the event that the date of the annual meeting of the Company's stockholders occurs within twelve months of the prior year's annual meeting of the Company's stockholders (or within twelve months of the Date of Grant, if such Date of Grant is later than the first business day following the date of such prior year's annual meeting of the Company's stockholders), in the event of your Termination on the date of such annual meeting your Award will vest on the date of your Termination as to 100% of the Number of Shares.]

2.    Corporate Transaction: (3)  In the event of a Corporate Transaction (as defined in the Plan, subject to the sentence that follows), this Award will vest as to 100% of the Shares.  Any transaction included in the definition of Corporate Transaction per the Plan that does not constitute a “change in the ownership or effective control” of the Company, or “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Treasury Regulations 1.409A-3(a)(5) and 1.409A-3(i)(5) shall not be treated as a Corporate Transaction for purposes of this Award.

3.    Automatic Deferral; Issuance of Shares under this Award:  Payment of the Award shall be automatically deferred until the earliest of:  (a) five years from the Date of Grant; (b) Termination (for any reason); or (c) a Corporate Transaction (as described in Section 2, above) (the first to occur, the “Settlement Date”).  The Company will issue you the Shares subject to this Award (a) as soon as practicable after the Settlement Date, and in no case later than December 31 of the year in which the Settlement Date occurs, or (b) in the event that you voluntarily make a valid election to further defer payment of the Award at a time and in the manner permitted under Section 409A of the Code, at the time specified in your election. All issuances of Shares will be subject to the requirements of Section 409A of the Code. Until the date the Shares are issued to you, you will have no rights as a stockholder of the Company.

4.    Taxes:  You are ultimately liable and responsible for all taxes owed by you in connection with this Award. The Company makes no representation or undertaking regarding the tax treatment of the grant, vesting, or settlement of this Award or the subsequent sale of any of the Shares. The Company does not commit and is under no obligation to structure this Award to reduce or eliminate your tax liability. 

5.     Disputes:  Any question concerning the interpretation of this Agreement and any controversy that may arise under this Agreement, shall be determined by the Committee. Such decision by the Committee shall be final and binding.

6.     Choice of Law:  Because this Agreement relates to terms and conditions under which you may be issued shares of Common Stock of Intuit Inc., a Delaware corporation, an essential term of this Agreement is that it shall be governed by the laws of the State of Delaware, without regard to choice of law principles of Delaware or other jurisdictions. Any action, suit, or proceeding relating to this Agreement or the Award granted hereunder shall be brought in the state or federal courts of competent jurisdiction in Santa Clara County in the State of California.

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

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

INTUIT INC.
2632 Marine Way
Mountain View, California 94043

By:                             

Brad D. Smith, President and Chief Executive Officer

		
	1.
	Non-employee members of the Company may be permitted to elect to convert their cash fees into restricted stock units.  The related grant of restricted stock units is referred to as a “Conversion Grant.”

		
	2.
	In the case of a Conversion Grant, in the event the participant experiences a Termination for any reason prior to a Vesting Date, the Award will cease to vest and the participant will have no right or claim to the unvested portion of the Award, which shall terminate immediately following the participant's Termination under Section 1.

		
	3.
	In the case of a Conversion Grant, in the event of a Corporate Transaction, the Award will cease to vest and the participant will have no right or claim to the unvested portion of the Award, which shall terminate immediately following the Corporate Transaction.

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