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EXHIBIT 10.1
AMENDMENT NO. 4
TO THE
H&R BLOCK DEFERRED COMPENSATION PLAN
FOR EXECUTIVES, AS AMENDED AND RESTATED
H&R Block, Inc. (the "Company") adopted the H&R Block Deferred
Compensation Plan for Executives, as Amended and Restated (the "Plan"),
effective as of January 1, 1999. The Company amended said Plan by Amendment No.
1 effective as of January 1, 1999, by Amendment No. 2 effective as of January 1,
2000, and by Amendment No. 3 effective as of September 8, 1999. The Company
continues to retain the right to amend the Plan pursuant to action by the
Company's Board of Directors. The Company hereby exercises that right. This
Amendment No. 4 is effective as of December 31, 1999.
AMENDMENT
1. Section 4.1.2 of the Plan, as previously amended, is further amended
by (a) adding the following words and punctuation after the words and
punctuation "provided, however, that" and before the words "the maximum
percentage" in the first paragraph of said Section:
"(i) each participating Affiliate may elect before an Enrollment Period
to have no Matching Contributions posted during the Plan Year (to which
the enrollment period relates) to the Accounts of Participants employed
by such Participating Affiliate, but such election is irrevocable and
will automatically apply to all future Plan Years., and (ii)";
and (b) deleting the final sentence of the first paragraph of said Section.
2. Except as modified in this Amendment No. 4, the Plan shall remain in
full force and effect, including the Company's right to amend or terminate the
Plan as set forth in Article 9 of the Plan.
H&R BLOCK, INC.
By: /s/ Frank L. Salizzoni
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Its: Chief Executive Officer
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