Intuit Inc. Forgiveness of Loan Interest Letter to Richard William Ihrie
Intuit Inc., through its Compensation Committee, has agreed to forgive all remaining unpaid accrued interest on a $1,960,000 promissory note owed by Richard William Ihrie, Senior Vice President and Chief Technology Officer. The note was originally dated November 28, 2000, and amended on June 27, 2001. This letter, dated December 3, 2001, serves as formal confirmation of the decision to forgive the interest as of October 23, 2001.
Exhibit 10.02
P.O. Box 7850
Mountain View CA 94039-7850
December 3, 2001
Richard William Ihrie
Senior Vice President and
Chief Technology Officer
Intuit Inc.
P.O. Box 7850
Mountain View, CA 94039-7850
Re: Forgiveness of Loan Interest
Dear Bill:
This letter will confirm that on October 23, 2001, the Compensation Committee of Intuit’s Board of Directors decided to forgive the remaining unpaid accrued interest under your $1,960,000 promissory note to Intuit dated November 28, 2000, as amended June 27, 2001.
Very truly yours,
/s/ Greg J. Santora
Chief Financial Officer
