EXECUTIVE EMPLOYMENT AGREEMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is dated July 29, 1995, and is entered into
by and between H & R BLOCK, INC., a Missouri corporation ("Block") and RICHARD H. BROWN
1.01 - Term of Employment. Block hereby employs Executive and Executive hereby accepts such employment
by Block for the period beginning on the earlier of August 10, 1995, or the effective date of the cessation of his
employment by Ameritech Corporation and ending on the date three years following such date and continuing
thereafter for successive periods of one year each ("Employment Period") unless no later than 45 days preceding
the end of any such period either party hereto furnishes the other with written notice of his or its desire to
terminate this Agreement, in which case this Agreement and Executive's employment hereunder shall terminate on
the last day of such 45-day notice period. Any termination or expiration of this Agreement shall not be effective
as to those portions of this Agreement which, by their express terms as set forth below, require performance by
either party following termination of this Agreement.
1.02 - Duties. (a) Executive is employed by Block to serve as the President and Chief Executive Officer of Block
subject to the authority and direction of Block's Board of Directors (the "Board") and, subject to the foregoing,
the Executive shall have such authority and responsibility and duties as are normally associated with such position.
Upon the occurrence of a vacancy in the offices of Chairman of the Board and its Executive Committee, Block
shall use its best efforts to cause the Executive to be elected to such offices.
(b) So long as he is employed under this Agreement, Executive agrees to devote his full business time and efforts
exclusively on behalf of Block and to competently and diligently discharge his duties hereunder. Executive shall
not be prohibited from engaging in such personal, cha