0000950137-07-010158 Sample Contracts

KB HOME AMENDED AND RESTATED 1999 INCENTIVE PLAN STOCK APPRECIATION RIGHT BONUS AGREEMENT
1999 Incentive Plan Stock Appreciation Right Bonus Agreement • July 18th, 2007 • Kb Home • Operative builders • California

This Stock Appreciation Right Bonus Agreement (this “Agreement”) is made on July 12, 2007 (the “Grant Date”) between KB Home, a Delaware corporation (the “Company”), and [NAME] (the “Participant”). Capitalized terms used in this Agreement and not defined herein have the respective meanings given them in the KB Home Amended and Restated 1999 Incentive Plan (the “Plan”).

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KB HOME AMENDED AND RESTATED 1999 INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT
1999 Incentive Plan Non-Qualified Stock Option Agreement • July 18th, 2007 • Kb Home • Operative builders • California

This Stock Option Agreement (this “Agreement”) is made on ____________ (the “Grant Date”) between KB Home, a Delaware corporation (the “Company”), and Jeffrey T. Mezger (“Optionee”). Capitalized terms used in this Agreement and not defined herein have the respective meanings given them in the KB Home Amended and Restated 1999 Incentive Plan (the “Plan”).

KB HOME FY 2006 INCENTIVE COMPENSATION OVER CAP PHANTOM SHARE AGREEMENT
Incentive Compensation Over Cap Phantom Share Agreement • July 18th, 2007 • Kb Home • Operative builders • California

This OVER CAP PHANTOM SHARE AGREEMENT (this “Agreement”), dated July 12, 2007, by and between KB HOME, a Delaware corporation (the “Company”), and __________________ (“Employee”).

KB HOME AMENDED AND RESTATED 1999 INCENTIVE PLAN PHANTOM SHARE BONUS AGREEMENT
1999 Incentive Plan Phantom Share Bonus Agreement • July 18th, 2007 • Kb Home • Operative builders • California

This Phantom Share Bonus Agreement (this “Agreement”) is made on July 12, 2007 (the “Grant Date”) between KB Home, a Delaware corporation (the “Company”), and [NAME] (the “Participant”). Capitalized terms used in this Agreement and not defined herein have the respective meanings given them in the KB Home Amended and Restated 1999 Incentive Plan (the “Plan”).

KB HOME PHANTOM SHARE BONUS AGREEMENT FOR NON-SENIOR MANAGEMENT
Phantom Share Bonus Agreement • July 18th, 2007 • Kb Home • Operative builders • California

This Phantom Share Bonus Agreement for Non-Senior Management (this “Agreement”) is made on July 12, 2007 (the “Grant Date”) between KB Home, a Delaware corporation (the “Company”), and [NAME] (the “Employee”).

KB HOME AMENDED AND RESTATED 1999 INCENTIVE PLAN PERFORMANCE STOCK AGREEMENT
1999 Incentive Plan Performance Stock Agreement • July 18th, 2007 • Kb Home • Operative builders • California

This Performance Stock Agreement (this “Agreement”) is made on July 12, 2007, between KB Home, a Delaware corporation (the “Company”), and Jeffrey T. Mezger (“Participant”). Capitalized terms used in this Agreement and not defined herein have the respective meanings given them in the KB Home Amended and Restated 1999 Incentive Plan (the “Plan”).

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