Description of Executive Officer Cash Compensation

Exhibit 10.8

SUMMARY SHEET FOR
EXECUTIVE OFFICER COMPENSATION

Annual Incentive (Short-Term) Compensation Earned in Fiscal 2005

The amounts of the short-term incentive compensation awards for the Company’s Named Executive Officers (as defined in Item 402(a)(3) of Regulation S-K) for the fiscal year ended April 30, 2005 were as follows:

				Award based
				upon objective
				performance				Discretionary
Name		Position		goals				award
Mark A. Ernst		Chairman of the Board, President and Chief Executive Officer			217,140				181,500
Jeffery W. Yabuki		Executive Vice President and Chief Operating Officer			80,408				64,766
Robert E. Dubrish		President and Chief Executive Officer, Option One Mortgage Corporation			142,241				61,100
Steven Tait		President, RSM McGladrey Business Services, Inc.			302,784				74,700
Nicholas J. Spaeth		Senior Vice President and Chief Legal Officer			63,168				38,400

Long-Term Incentive Compensation Awarded in Fiscal 2006

Long-term incentive compensation awards under the Company’s 2003 Long-Term Executive Compensation Plan were granted on June 30, 2005 to the Named Executive Officers in the following amounts:

		Securities				Shares of
Name		Underlying Options				Restricted Stock
Mark A. Ernst			130,000				15,000
Jeffery W. Yabuki			80,000				8,000
Robert E. Dubrish			70,000				7,000
Steven Tait			50,000				7,000
Nicholas J. Spaeth			25,000				5,000

The options and restricted stock vest in annual equal installments over three years following the date of grant or award. The grant of options and award of shares of restricted stock were made pursuant to the terms of the 2003 Long-Term Executive Compensation Plan and the terms of the individual award agreements.

Fiscal 2006 Base Salary Increases

The following table sets for the annual base salaries of the Named Executive Officers for fiscal years 2005 and 2006:

Name		2005				2006
Mark A. Ernst			825,000				860,000
Jeffery W. Yabuki			470,000				550,000
Robert E. Dubrish			470,000				490,000
Steven Tait			415,000				425,000
Nicholas J. Spaeth			400,000				412,000

Performance Criteria for Fiscal 2006 Short-Term Incentive Compensation

The Company’s short-term incentive compensation consists of an objective incentive compensation component based upon annual financial targets tied to business unit or overall corporate results (the “Financial STI Component”) and a discretionary incentive compensation component based on the achieving pre-established individual or strategic objectives (the “Discretionary STI Component”). The Financial STI Component will constitute 80% of targeted short-term incentive compensation for fiscal year 2006, with the Discretionary STI Component constituting the remaining 20% of targeted short-term incentive compensation.

Fiscal year 2006 performance criteria under the Financial STI Component will vary among business segments, but generally will consist of the following: (i) the degree to which the Company attains targeted year-over-year growth in diluted earnings per share; (ii) year-over-year growth in retail tax services clients; (iii) year-over-year reduction in mortgage origination costs as a percentage of mortgage origination volume; (iv) year-over-year increase in mortgage origination volume; (v) year-over-year increase in business segment pre-tax earnings; and (vi) business segment year-over-year growth. Under the Financial STI Component, participants can earn more or less than the target award (from 0% to 200% of the target award) depending upon how actual results compare to the pre-established performance targets.

Payments under the Discretionary STI Component for fiscal year 2006 will be based upon achievement of strategic and individual performance objectives that support the Company’s priorities. Actual incentive payouts under the Discretionary Objective STI Component could be from 0% to 200% of the target award.