0000950137-08-012533 Sample Contracts

KB HOME FISCAL YEAR 2009 PHANTOM SHARES AGREEMENT
Phantom Shares Agreement • October 8th, 2008 • Kb Home • Operative builders • California

This Phantom Shares Agreement (this “Agreement”) is made on October 2, 2008 (the “Grant Date”) between KB Home, a Delaware corporation (the “Company”), and [NAME] (the “Employee”).

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AMENDED AND RESTATED KB HOME 1999 INCENTIVE PLAN STOCK APPRECIATION RIGHTS AGREEMENT (FISCAL YEAR 2009)
Stock Appreciation Rights Agreement • October 8th, 2008 • Kb Home • Operative builders • California

This Stock Appreciation Rights Agreement (this “Agreement”) is made on October 2, 2008 (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 Amended and Restated KB Home 1999 Incentive Plan, as amended on October 2, 2008 (the “Plan”).

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