EMPLOYMENT AGREEMENT





                  THIS EMPLOYMENT AGREEMENT (the "Agreement") is made as of the

15th day of May, 1998, by and between DMJK BUSINESS SERVICES, INC., a Missouri

Corporation ("Old DMJK"), and TERRENCE E. PUTNEY (the "Employee").



                                    RECITALS



                  WHEREAS, Old DMJK is a wholly owned subsidiary of HRB BUSINESS

SERVICES, INC. ("HRB Business Services"), which is in turn a wholly owned

subsidiary of H&R BLOCK GROUP, INC. ("Group"); and Old DMJK is engaged in the

provision of business services to the general public;



                  WHEREAS, Employee is a Certified Public Accountant ("CPA") who

desires employment by Old DMJK to provide certain business services to clients

or customers of Old DMJK;



                  WHEREAS, Employee is also employed by and is a shareholder of

Donnelly Meiners Jordan Kline, P.C. (Employee and such other shareholders of

Donnelly Meiners Jordan Kline, P.C. who are also employees of Old DMJK being

sometimes herein referred to as "Shareholder CPAs") an accounting firm licensed

as a CPA firm by the Board of Accountancy of the State of Missouri ("New DMJK");

and



                  WHEREAS, Old DMJK and Employee desire to evidence the terms

and conditions of their relationship.



                  NOW, THEREFORE, in consideration of the premises and the

mutual covenants contained herein, the parties hereto agree as follows:



                  1. EMPLOYMENT. Old DMJK and Employee confirm that Employee is

an Employee of Old DMJK pursuant to all the terms and conditions of this

Agreement.



                  2. TERM. The term of the Employee's employment and of this

Agreement shall commence on the date hereof and, if not sooner terminated

pursuant to the terms hereof, shall expire on that date which is five years

after the date hereof (the "Initial Term"). Thereafter, such employment and this

Agreement shall continue pursuant to the terms hereof from year to year, subject

to termination, with or without cause, upon ninety (90) days prior written

notice by either party or as otherwise set forth in Section 9 herein. The term

of this Agreement, including references to the Initial Term, will be hereafter

referred to as the "Term."



                  3. DUTIES.



                     3.1 DUTIES OF EMPLOYEE. Employee shall render such lawful

services for Old DMJK and its customers or clients as are from time to time

reasonably requested of Employee and assigned to Employee by Old DMJK (the

"Services"). The duties of the



                                       1

<PAGE>   2





Employee may be changed from time to time by Old DMJK after consultation

with Employee. Old DMJK and Employee intend that Employee shall perform for Old

DMJK only those Services which do not constitute the performance of attestations

and services related thereto or any other services for which a Certified Public

Accountant ("CPA") certificate and license (for either Employee or Old DMJK) are

required by either the laws of the State of Missouri or Kansas, whichever

state's law is applicable ("Public Accounting Services"). Also, Old DMJK and

Employee intend that Employee shall only be required to perform for Old DMJK

services of a type reasonably consistent with those traditionally performed by

CPAs (other than those services required to be performed by New DMJK pursuant to

law or rules of the State Board of Accounting) generally, including, without

limitation, accounting, bookkeeping, write up, tax preparation, administration,

supervision, marketing, promotion and training. Old DMJK shall not require

Employee to relocate outside the Kansas City metropolitan area. All fees for

provision of the Services by Employee pursuant to this Agreement shall belong

and be payable to Old DMJK; provided, however, that if Employee provides

services to or is employed by New DMJK whether or not pursuant to a management

or similar agreement between Old DMJK and New DMJK, fees earned from providing

services as an employee of New DMJK shall be retained by New DMJK or forwarded

to Old DMJK as the management or other agreement may provide. However, no fees

paid for Public Accounting Services shall be paid directly to Old DMJK. Old DMJK

specifically approves employment of Employee by New DMJK provided that the only

services which Employee provides for New DMJK shall be those services which both

Employee and New DMJK must have licenses from the State of Missouri Board of

Accountancy to provide. Employee shall, in addition to the duties described

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC