0000950134-09-004532 Sample Contracts

FORESTAR GROUP INC. RESTRICTED STOCK AGREEMENT (Tier I)
Restricted Stock Agreement • March 5th, 2009 • Forestar Group Inc. • Real estate • Texas

This Restricted Stock Agreement is entered into between FORESTAR GROUP INC., a Delaware corporation (“Forestar”), and Participant, and is an integral and inseparable term of Participant’s employment or other service as an employee, non-employee director, or other service provider of Forestar or an Affiliate. In consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, Forestar and Participant hereby agree as follows:

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FORESTAR GROUP INC. NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • March 5th, 2009 • Forestar Group Inc. • Real estate • Texas

This Agreement (the “Option Agreement”) is entered into between FORESTAR GROUP INC., a Delaware corporation (“Forestar”), and Participant, and is an integral and inseparable term of Participant’s employment as a salaried employee or other service recipient of Forestar or one of its Affiliates. In consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, Forestar and the Participant hereby agree as follows:

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