December 1, 2008 Mr. Alexander M. Lintner Dear Alex:
Exhibit 10.03
December 1, 2008
Xx. Xxxxxxxxx X. Xxxxxxx
Dear Xxxx:
Intuit has reviewed the terms of your employment agreement dated June 24, 2005 (“Employment
Agreement”), in light of the requirements of Section 409A (“Section 409A”) of the Internal Revenue
Code of 1986, as amended (the “Code”) and has concluded that certain changes to your employment
agreement are desirable under Section 409A. These changes are intended to bring your employment
offer letter into documentary compliance with the requirements for administration under Section
409A. Please review the following changes; however, in order to ensure compliance with Section
409A, Intuit must receive a copy of this document, executed by you, not later than December 31,
2008.
The first paragraph of the section entitled “Separation Benefits” will be amended and restated to
read in its entirety as follows:
In the event of your involuntary termination without Cause, you will be entitled
to a single lump sum severance payment equal to six month’s of your then current
base salary (less applicable deductions and withholdings) payable within
twenty-one business days following the date which you return to Intuit a signed,
valid, binding and irrevocable release agreement that is acceptable to Intuit
which release must be delivered within 45 days after the date of such termination
of employment.
Except as expressly amended or modified herein, all terms and conditions of your Employment
Agreement are hereby ratified, confirmed and approved and shall remain in full force and effect.
Please do not hesitate to contact me with any questions regarding these changes.
Sincerely,
/s/ XXXXX X. XXXXXXX
Xxxxx X. Xxxxxxx
Senior Vice President, General Counsel and
Corporate Secretary
Xxxxx X. Xxxxxxx
Senior Vice President, General Counsel and
Corporate Secretary
AGREED AND ACCEPTED:
/s/ XXXXXXXXX X. XXXXXXX
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