0001140361-11-040412 Sample Contracts

SEPARATION AGREEMENT
Separation Agreement • August 9th, 2011 • Avatar Holdings Inc • Operative builders • New York

THIS SEPARATION AGREEMENT (this “Agreement”) is entered into on June 15, 2011, by and between Avatar Holdings Inc., a Delaware corporation (the “Company”) and Jon Donnell (the “Executive”).

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STOCK AWARD AGREEMENT
Stock Award Agreement • August 9th, 2011 • Avatar Holdings Inc • Operative builders • Delaware

This STOCK AWARD AGREEMENT (“Agreement”), dated June 15, 2011 (the “Effective Date”), by and between Avatar Holdings Inc., a Delaware corporation (the “Company”) and Allen Anderson (the “Participant”).

EMPLOYMENT AGREEMENT
Employment Agreement • August 9th, 2011 • Avatar Holdings Inc • Operative builders • New York

This Employment Agreement (this “Agreement”) is dated as of June 15, 2011, and is made by and between Avatar Holdings Inc. (the “Company”), and Allen Anderson (“Executive”).

First Amendment to Employment Agreement
Employment Agreement • August 9th, 2011 • Avatar Holdings Inc • Operative builders • New York

This FIRST AMENDMENT (this “Amendment”) to the Employment Agreement (the “Employment Agreement”) dated June 15, 2011, by and among Avatar Holdings Inc. (the “Company”) and Allen Anderson (“Executive”), is effective as of August 8, 2011 (the “Effective Date”). Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Employment Agreement.

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