AGREEMENT, dated 3/1/2012, between THE RYLAND GROUP, INC. (the “Corporation”) and (the “Optionee”).Executive Officer Non-Qualified Stock Option Agreement • October 2nd, 2012 • Ryland Group Inc • Operative builders
WHEREAS, pursuant to The Ryland Group, Inc. 2011 Equity and Incentive Plan (the “Plan”), which is amended effective October 1, 2012, the Board of Directors wishes to provide participation in the appreciated equity value of the Corporation by providing the Optionee with a grant of non-qualified stock options related to Ryland Common Stock (“Common Stock”), and thereby increase the Optionee’s proprietary interest in the success of the Corporation; and
AMENDMENT NO. 3 TO SENIOR EXECUTIVE SEVERANCE AGREEMENT.Senior Executive Severance Agreement • October 2nd, 2012 • Ryland Group Inc • Operative builders
The Ryland Group, Inc. (the “Company”) and (the “Executive”) amend the Senior Executive Severance Agreement dated as of (the “Agreement”) to modify Section 1.8, “Subsequent Imposition of Excise Tax” to eliminate the “tax gross-up” benefit it provides to the Executive.
