Sample Business Contracts

Employment Agreement [Amendment] - H&R Block Services Inc. and Thomas L. Zimmerman

Employment Forms

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AMENDMENT TO EMPLOYMENT AGREEMENT

THIS AMENDMENT TO EMPLOYMENT AGREEMENT ("Amendment") is entered into as of the 18th day of June, 2002 by and between H&R Block Services, Inc. (the "Company") and Thomas L. Zimmerman ("Executive") and constitutes an amendment to the Employment Agreement between the parties dated November 1, 2001 (the "Agreement").

WHEREAS, Executive will retire as President, U.S. Tax Operations of the Company and as a regular, full-time employee of the Company as of July 1, 2002;

WHEREAS, the parties desire that Executive continue to be employed by the Company as a part-time employee for a period up to one year after July 1, 2002, subject to the terms and conditions specified herein and the Agreement, as amended hereby; and

WHEREAS, the parties desire to set forth the terms and conditions upon which Executive will continue employment after July 1, 2002;

NOW THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth, the Company and Executive (collectively, the "Parties") agree as follows:

1.		Change in Employment/Duties. Executive's status as an officer of the Company, H&R Block Tax Services, Inc. and any other affiliate of the Company, and as a regular, full-time employee of the Company shall terminate as of the close of business on July 1, 2002. Executive shall continue to be employed by the Company under the Agreement, as amended hereby, after July 1, 2002 solely as a part-time employee of the Company and, after July 1, 2002, shall not be considered a regular, full-time employee of the Company. After July 1, 2002, Executive will work on such projects and assignments as are mutually agreed upon by the Company and Executive. Without affecting his status as an employee, on or before July 1, 2002, Executive shall resign as a director and as President, U.S. Tax Operations of the Company and as a director and/or officer of each affiliate of the Company for which he serves as of the date of this Amendment as a director and/or officer. Executive shall also assign any shares of stock of H&R Block Limited or any other subsidiary of the Company as to which Executive is the registered owner to such person or entity, and at such time or times, as shall be specified by the Company. To the extent that the provisions of this Section 1 of this Amendment are inconsistent with the provisions of Section 1.02(a) of the Agreement, the provisions of this Section 1 of this Amendment shall control.

2.

3.		Contracts, Commitments and Business Expenses. Section 1.06 of the Agreement is amended effective July 1, 2002 by deleting the existing Section 1.03 and replacing with



4.

5.		Termination of Employment. Section 1.08 of the Agreement is amended by deleting Subsections 1.08 (b), (c), and (d) and replacing Subsection 1.08 (b) with the following new Subsection 1.08 (b):



		Subsections 1.08 (a) and (e) are not modified by this Amendment.

6.		Agreement in Force. Except to the extent modified by this Amendment, the Agreement shall remain in full force and effect until it terminates in accordance with Section 1.08 of the Agreement, as said Section 1.08 is amended by this Amendment.

IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of the day and year first above written.

H&R BLOCK SERVICES, INC.


/s/ Jeffery W. Yabuki		/s/ Thomas L. Zimmerman

Jeffery W. Yabuki		Thomas L. Zimmerman
President