AMENDMENT NO. 1
H&R BLOCK SEVERANCE PLAN
HRB Management, Inc. (the “Company”) adopted the H&R Block Severance Plan (the “Plan”), effective as of
April 23, 2001 (Amended and Restated August 11, 2003). Section 9 of the Plan provides that the Plan Sponsor
may amend the Plan at any time.
This Amendment amends the Plan as amended and restated effective August 11, 2003, as well as certain prior
versions of the Plan, as detailed below.
1. Section 2 is amended, effective May 1, 2004, by deleting Section 2(q) in its entirety replacing with
the following .
2(q) “Year of Service” means each period of 12 consecutive months ending on the Employee’s employment
anniversary date during which the Employee had at least 1,000 Hours of Service. In determining a Participant’s
Years of Service, the Participant will be credited with a partial Year of Service for his or her final period of
employment commencing on his or her most recent employment anniversary date equal to a fraction calculated
in accordance with the following formula:
Number of days since most recent employment anniversary date
Despite an Employee’s Years of Service calculated in accordance with the above, an Employee whose pay
grade at his or her Participating Employer fits in the following categories at the time of the Qualifying
Termination will be credited with no less than the specified Minimum Years of Service and no more than the
specified Maximum Years of Service listed in the following table as applicable to such pay grade :
Notwithstanding the above, if an Employee has received credit for Years of Service under this Plan or under
any previous plan, program, or agreement for the purpose of receiving severance benefits before a Qualifying
Termination, such Years of Service will be disregarded when calculating Years of Service for such Qualifying
Termination under the Plan; provided, however, that if such severance benefits were terminated prior to the