0000950129-05-004412 Sample Contracts

The Ryland Group, Inc. 2004 Non-Employee Director Equity Plan Stock Option Agreement
Stock Option Agreement • April 29th, 2005 • Ryland Group Inc • Operative builders
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Non-Qualified Stock Option Agreement pursuant to The Ryland Group, Inc. 2005 Equity Incentive Plan
Non-Qualified Stock Option Agreement • April 29th, 2005 • Ryland Group Inc • Operative builders

WHEREAS, pursuant to The Ryland Group, Inc. 2005 Equity Incentive Plan (the “Plan”), the Board of Directors wishes to provide participation in the appreciated equity value of the Corporation by providing the Optionee with a grant of non-qualified stock options related to Ryland Common Stock (“Common Stock”), and thereby increase the Optionee’s proprietary interest in the success of the Corporation; and

STOCK UNIT AGREEMENT pursuant to THE RYLAND GROUP, INC. 2005 EQUITY INCENTIVE PLAN
Stock Unit Agreement • April 29th, 2005 • Ryland Group Inc • Operative builders
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