H&R BLOCK, INC.
1993 LONG-TERM EXECUTIVE COMPENSATION PLAN
1. PURPOSES. The purposes of this 1993 Long-Term Executive Compensation Plan are to provide incentives
and rewards to those employees largely responsible for the success and growth of H&R Block, Inc., and its
subsidiary corporations and to assist all such corporations in attracting and retaining executives and other key
employees with experience and ability.
(a) AWARD means one or more of the following: shares of Common Stock, Restricted Shares, Stock Options,
Incentive Stock Options, Stock Appreciation Rights, Performance Shares, Performance Units and any other
rights which may be granted to a Recipient under the Plan.
(b) COMMON STOCK means the Common Stock, without par value, of the Company.
(c) COMPANY means H&R Block, Inc., a Missouri corporation, and, unless the context otherwise requires,
includes its subsidiary corporations and their respective divisions, departments and subsidiaries and the respective
divisions, departments and subsidiaries of such subsidiaries.
(d) INCENTIVE STOCK OPTION means a Stock Option which meets all of the requirements of an "incentive
stock option" as defined in Section 422(b) of the Internal Revenue Code of 1986, as now in effect or hereafter
amended (the "Internal Revenue Code").
(e) PERFORMANCE PERIOD means that period of time specified by the Committee during which a Recipient
must satisfy any designated performance goals in order to receive an Award.
(f) PERFORMANCE SHARE means the right to receive, upon satisfying designated performance goals within a
Performance Period, shares of Common Stock, cash, or a combination of cash and shares of Common Stock,
based on the market value of shares of Common Stock covered by such Performance Shares at the close of the
(g) PERFORMANCE UNIT means the right to receive, upon satisfying designated performance goals within a
Performance Period, shares of Common Stock, cash, or a