0000950144-07-007558 Sample Contracts

RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • August 9th, 2007 • Avatar Holdings Inc • Operative builders • Delaware

This RESTRICTED STOCK UNIT AGREEMENT (“Agreement”), dated June 26, 2007, by and between Avatar Holdings Inc., a Delaware corporation (the “Company”) and Randy Kotler (the “Participant”).

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EMPLOYMENT AGREEMENT
Employment Agreement • August 9th, 2007 • Avatar Holdings Inc • Operative builders

This EMPLOYMENT AGREEMENT (this “Agreement”) is made on June 26, 2007, by and between Avatar Holdings Inc., a Delaware corporation (the “Company”), and Randy Kotler (the “Employee”).

AMENDMENT TO THE RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • August 9th, 2007 • Avatar Holdings Inc • Operative builders

This Amendment, dated as of July 26, 2007 (this “Amendment”), to the Restricted Stock Unit Agreement, dated July 22, 2004, between Avatar Holdings Inc., a Delaware corporation (the “Company”), and Charles McNairy (the “Participant”).

AMENDMENT TO THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • August 9th, 2007 • Avatar Holdings Inc • Operative builders

This Amendment, dated as of June 29, 2007 (this “Amendment”), to the Amended and Restated Employment Agreement, dated as of December 28, 2006, by and between Avatar Holdings Inc., a Delaware corporation (the “Company”), and Dennis J. Getman (the “Employee”).

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