0000950134-06-010112 Sample Contracts

FY 2006 Award
Stock Option Agreement • May 16th, 2006 • Centex Corp • Operative builders

Effective May ___, 2006 you have been granted a Non-qualified Option to purchase up to ___ shares of the common stock, par value $.25 per share, of Centex Corporation (the “Company”) for $ per share (the “Option”). This Option is granted under the Centex Corporation 2001 Stock Plan (as such plan may be amended from time to time, the “Plan”). A copy of the Plan is available to you upon request to the Law Department during the term of this Option. This Option will terminate upon the close of business on May ___, 2013, unless earlier terminated as described herein or in the Plan.

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AWARD AGREEMENT
Award Agreement • May 16th, 2006 • Centex Corp • Operative builders • Nevada

This Award Agreement (“Agreement”) is made as of May ___, 2006 between Centex Corporation, a Nevada corporation (the “Corporation”), and (the “Participant”) under the stockholder-approved Centex Corporation 2003 Annual Incentive Compensation Plan (the “Incentive Plan”) and the stockholder-approved Centex Corporation 2003 Equity Incentive Plan (the “Equity Plan” and, together with the Incentive Plan, the “Plans”), and sets forth the terms, conditions and limitations applicable to an Award to the Participant relative to fiscal year 2007.

CENTEX CORPORATION EXECUTIVE DEFERRED COMPENSATION PLAN DEFERRED COMPENSATION AGREEMENT May ___, 2006 Award
Deferred Compensation Agreement • May 16th, 2006 • Centex Corp • Operative builders • Texas

This Deferred Compensation Agreement (“Agreement”) is entered into as of May ___, 2006, by and between ___(the “Participant”) and Centex Corporation (the “Company”).

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