Document:

exv10w07

 

Exhibit 10.07

Grant No. ______________

INTUIT INC. 2005 EQUITY INCENTIVE PLAN GRANT AGREEMENT

Non-Qualified Stock Option

Focal Grant

Intuit Inc., a Delaware corporation (the “Company”), hereby grants you a stock
option (“Option”), pursuant to the Company’s 2005 Equity Incentive Plan (the
“Plan”), to purchase shares of the Company’s Common Stock, $0.01 par value per
share (“Common Stock”), as described below. This Option is subject to all of
the terms and conditions of the Plan, which is incorporated into this Agreement
by reference. If there is any discrepancy, conflict or omission between this
Agreement and the provisions of the Plan, the provisions of the Plan shall
apply. All capitalized terms in this Agreement that are not defined in the
Agreement have the meanings given to them in the Plan.

	 	 	 
	

	 	Name of Participant and Number
of Shares as set forth on the accompanying email.

Exercise Price Per Share:
	

	 	Date of Grant:
	

	 	First Vesting Date:
	

	 	Expiration Date:
	

	 	Vesting Schedule:

On your Termination, this Option will either cease to vest or, if you have been
actively employed by the Company for one year or more and become totally
disabled or die as provided in Section 5.6 of the Plan, accelerate in full.
Vesting may also be suspended in accordance with Company policies, as described
in Section 5.6 of the Plan.

To exercise this Option, you must follow the exercise procedures established by
the Company, as described in Section 5.5 of the Plan. This Option may be
exercised only with respect to vested shares. Payment of the Exercise Price
for the Shares may be made in cash (by check) and/or, if a public market exists
for the Company’s Common Stock, by means of a Same-Day-Sale Commitment or
Margin Commitment from you and an NASD Dealer (as described in Section 11.1 of
the Plan). Upon exercise of this Option, you understand that the Company may
be required to withhold taxes.

Subject to the exercise procedures established by the Company, the last day
this Option may be exercised is seven years from the Date of Grant which is the
Expiration Date set forth above. If your Termination Date occurs before the
Expiration Date, this Option will expire as to all unvested shares subject to
the Option on your Termination Date. Following your Termination Date, this
Option may be exercised with respect to vested shares during the
post-termination exercise period as provided in Section 5.6 of the Plan. To
the extent this Option is not exercised before the end of the post-termination
exercise period, in accordance with the exercise procedures established by the
Company, the Option will expire as to all shares remaining subject thereto.

This Agreement (including the Plan, which is incorporated by reference)
constitutes the entire agreement between you and the Company with respect to
this Option, and supersedes all prior agreements or promises with respect to
the Option. 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 the Option described in Section 14 of the Plan, this Agreement
shall be binding on your permitted successors and assigns (including heirs,
executors, administrators and legal representatives). All notices required
under this Agreement or the Plan must be mailed or hand-delivered to the
Company or to you at its or your respective addresses set forth in this
Agreement, or at such other address designated in writing by either of the
parties to the other.

Additional information about the Plan and this Option (including certain tax
consequences of exercising the Option and disposing of the Shares) is contained
in the Prospectus for the Plan. A copy of the Prospectus accompanies this
Grant Agreement and is available on the stock options pages of the Intuit Legal
Department intranet web site or by calling Sharon Savatski, the Company’s Stock
Plan Analyst, at (650) 944-6504.

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

	 	 	 	 	 
	 	INTUIT INC.

2632 Marine Way

Mountain View, California 94043

 	 
	 	By:  	
 	 
	 	 	Robert B. Henske, Senior Vice President 	 
	 	 	and Chief Financial Officerexv10w08

 

Exhibit 10.08

Award No. «GrantNumber»

INTUIT INC. 2005 EQUITY INCENTIVE PLAN GRANT AGREEMENT

Restricted Stock Unit

Executive Stock Ownership Program Matching Unit

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

	 	 	 
	

	 	Name of Participant:
	

	 	Employee ID:
	

	 	Address:
	 
	 	 
	

	 	Number of Shares:
	

	 	Date of Grant:
	

	 	Vesting Date:

 Vesting: Subject to the forfeiture provisions set forth in this
Agreement, this Award will vest as to 100% of the Number of Shares on the
Vesting Date set forth above, provided you have remained employed by the
Company through that date. The Vesting Date is the fourth anniversary of the
Date of Grant.

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

Termination due to Resignation or by Company for Cause: In the
event of your Termination prior to the Vesting Date due to your
resignation or termination of employment by the Company for Cause, this
Award will terminate without having vested as to any of the shares
subject to this Award and you will have no right or claim to anything
under this Award. For purposes of this Award, Cause means (i) you have
been convicted of a misdemeanor that involves moral turpitude or the
embezzlement of property of the Company or one of its affiliates; (ii)
you have been convicted of a felony under the laws of the United States
or any state thereof; (iii) your willful misconduct in the performance of
your duties as a Company employee; (iv) your gross negligence in the
performance of your duties as a Company employee; or (v) you have
persistently failed to follow the lawful instructions of your manager
relating to an activity within the scope of your duties. In order for a
condition identified in (iv) or (v) to constitute Cause, the Company
shall first have provided you with (A) at least thirty days’ written
notice of the alleged actions setting forth with specificity the events
or failures complained of and (B) an opportunity to remedy to the
reasonable satisfaction of your manager such condition within such thirty
day period and you shall have failed to remedy such condition.

 Termination due to Retirement or by Company for other than Cause: In the event of your Termination prior to the Vesting Date due to
your Retirement or termination of employment by the Company for reasons
other than Cause, you will vest pro-rata in a percentage of the Number of
Shares equal to your number of full months of service since the Date of
Grant divided by forty-eight months, rounded down to the nearest whole
share of Intuit Common Stock, and the Vesting Date under this Agreement
will be your Termination Date. For purposes of this Award, Retirement
means the Termination of your employment with the Company after you have
reached an age and service requirement determined by the Committee or its
delegate.

 Termination due to Death or Total Disability: In the event of
your Termination prior to the Vesting Date due to your death or Total
Disability, this Award will vest as to 100% of the Number of the Shares
on your Termination Date, and the Vesting Date under this Agreement will
be your Termination Date. For purposes of this Award, Total Disability
is defined in Section 5.6(a) of the Plan.

 Termination Within One Year Following Corporate Transaction: In
the event of your Termination prior to the Vesting Date, but within one
year following the date of a Corporate Transaction, this Award will vest
as to 100% of the Number of the Shares on your Termination Date, and the
Vesting Date under this Agreement will be your Termination Date. For
purposes of this Award, Corporate Transaction is defined in Section 26(h)
of the Plan.

 

 

 Forfeiture: You acknowledge and agree that if prior to the date on
which you vest fully in this Award you sell, gift or otherwise transfer the
shares you purchased that caused the Company to grant you this Award, this
Award will terminate and you will forfeit all rights to this Award and any
shares subject hereto, unless the Company determines in its sole discretion
that you continue to hold other shares of the Company’s Common Stock in a
number equal to or greater than the number of shares that caused the Company to
grant you this Award.

 Issuance of Shares under this Award: The Company will issue you the
shares subject to this Award on the later of: (1) the Vesting Date; or (2) to
the extent permitted under Code Section 409A and the regulations and other
authority promulgated thereunder, your Voluntary Deferral of Share Issuance
Date. Until the date the shares are issued to you, you will have no rights as
a stockholder of the Company and the shares subject to this Award will not
count as owned by you under the Company’s share ownership requirements.

 Withholding Taxes: When the vesting and issuance of the shares under
this Award gives rise to a federal or other governmental income or employment
tax withholding obligation on the part of the Company, the Company will
withhold from the shares issued to you a number of whole shares having a Fair
Market Value equal to the minimum amount to be withheld to satisfy the
withholding obligation and will transmit the equivalent cash amount to the
applicable taxing authorities. If you have made a voluntary deferral of the
share issuance to a date later than the Vesting Date in accordance with the
provisions set forth in this Agreement, you agree that you will remit cash to
the Company (through payroll deduction or otherwise) in an amount sufficient to
satisfy any withholding obligation resulting from the vesting of the shares
under this Award. (As of the date of this Agreement, federal income tax
withholding is not required until share issuance. However, a FICA and Medicare
withholding obligation triggers on the Vesting Date even if you have made a
voluntary deferral of the share issuance to a date later than the Vesting
Date). Fair Market Value of the shares shall be determined in accordance with
Section 26(n) of the Plan on the date that the amount of tax to be withheld is
to be determined.

 Voluntary Deferral of Share Issuance: To the extent permitted under
Code Section 409A and the regulations and other authority promulgated
thereunder, you may voluntarily elect to defer the issuance of the shares under
this Award to a date after the Vesting Date that is no later than the first day
of the fiscal year following the date on which you are no longer an employee of
the Company (your “Voluntary Deferral of Share Issuance Date”). You must make
this election by filing a voluntary deferral election request in a form
acceptable to the Committee or its delegate.

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

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

	 	 	 	 	 
	 	INTUIT INC.

2632 Marine Way

Mountain View, California 94043

 	 
	 	By:  	 	 
	 	 	Robert B. Henske, Chief Financial Officer

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