Item 1.02. Termination of a Material Definitive Agreement.

On September 15, 2009, RSM McGladrey, Inc. ("RSM"), a wholly-owned subsidiary of H&R Block, Inc. (the "Company"), delivered to McGladrey & Pullen, LLP ("M&P") a notice of termination of the Administrative Services Agreement, dated as of January 30, 2006 by and among RSM and M&P, as amended by Amendment Number One
(1) to Administrative Services Agreement, effective as of June 1, 2008 (as amended, the "Administrative Services Agreement"). Unless rescinded by RSM, the termination is effective on April 13, 2010.

Pursuant to the Administrative Services Agreement, RSM (i) provides accounting, payroll, human resources, marketing and other administrative services to M&P Firms in return for a management fee and (ii) has a cost-sharing arrangement with M&P, whereby M&P reimburses RSM for certain costs, mainly for the use of RSM-owned or leased real estate, property and equipment. Either party may terminate the Administrative Services Agreement upon 210 days notice. Following such a termination, M&P generally is prohibited for a period of three years from engaging in businesses in which RSM engages or soliciting RSM clients.

A copy of the notice is furnished herewith as Exhibit 99.1.

On July 21, 2009, M&P previously gave notice of termination of the Administrative Services Agreement to RSM. The notice by RSM is intended to make certain that mutual consent is required for any reconciliation between M&P and RSM.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description
99.1 Notice from RSM to M&P dated September 15, 2009