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EXHIBIT 4.02
INTUIT INC. 1998 OPTION PLAN GRANT AGREEMENT
Intuit Inc., a Delaware corporation (the "Company"), hereby grants a
nonqualified stock option ("Option") to Participant named below, pursuant to the
Company's 1998 Option Plan for Mergers and Acquisitions (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 attached to this Agreement and incorporated
into this Agreement by reference. 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:
SOCIAL SECURITY NUMBER:
ADDRESS:
NUMBER OF SHARES:
TYPE OF OPTION:
[ ] Incentive Stock Option
[ ] Nonqualified Stock Option
EXERCISE PRICE PER SHARE:
DATE OF GRANT:
FIRST VESTING DATE:
EXPIRATION DATE:
VESTING SCHEDULE: So long as Participant is providing services to the
Company, 25% of the Shares will vest on the First
Vesting Date; then 2.0833% of the Shares will vest on
each monthly anniversary of the First Vesting Date until
100% vested. On Termination, the Option shall either
cease to vest or in the event Participant is an employee
who is totally disabled or dies as provided in
Section 5.6 of the Plan accelerate in full. Following
termination, participant may exercise the Option only as
provided in Section 5.6 of the Plan. Vesting may also be
suspended in accordance with Company policies, as
described in Section 5.6 of the Plan.
To exercise this Option, Participant 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 Participant and an NASD Dealer (as described in Section
9.1 of the Plan). Upon exercise of this Option, Participant understands that the
Company may be required to withhold taxes.
This agreement (including the plan, which is incorporated by reference)
constitutes the entire agreement between the Company and the Participant 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 the Participant.
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 the plan, this agreement
shall be binding on Participant's 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 the Participant at their 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 is available on the
stock options pages of the Intuit Legal Department intranet web site and on the
Stock Option Bulletin Board on the Company's electronic mail system, or by
calling Xxxxxx Xxxxxxxx, the Company's Senior Stock Administrator, at (650)
944-6504.
The Company has signed this Option Agreement effective as of the Date of Grant.
INTUIT INC.
0000 Xxxxxx Xxxxxx
Xxxxxxxx Xxxx, Xxxxxxxxxx 00000
By:
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Xxxx X. Xxxxxxx, Chief Financial Officer
PARTICIPANT'S ACCEPTANCE
I accept this Agreement and agree to the terms and conditions in this Agreement
and the Plan. I acknowledge that I have received a copy of the Company's 1998
Option Plan for Mergers and Acquisitions, and I understand and agree that this
Agreement is not meant to interpret, extend, or change the Plan in any way, nor
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 as interpreted
by the Company, the provisions of the Plan shall apply. If this option is
identified as an incentive Stock Option above,I understand and agree to comply
with the provisions of Section 5.9 of the Plan in the event of a Disqualifying
Disposition of the shares.
Signature:
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Date:
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