0001193125-13-147824 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2013 • William Lyon Homes • Operative builders • California

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made effective as of April 1, 2013 (the “Effective Date”), by and between William Lyon Homes, Inc., a California corporation (the “Company”), and [NAME], an individual (“Executive”) (collectively the “Parties” and individually a “Party”), with respect to the following facts and circumstances:

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WILLIAM LYON HOMES 2012 EQUITY INCENTIVE PLAN RESTRICTED STOCK AWARD GRANT NOTICE AND RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • April 9th, 2013 • William Lyon Homes • Operative builders • Delaware

This Assignment Separate from Certificate may be used only in accordance with the Restricted Stock Award Agreement between William Lyon Homes and the undersigned dated , 20 .

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2013 • William Lyon Homes • Operative builders

This Amendment (the “Amendment”) to the Employment Agreement by and between William Lyon Homes, Inc., a California corporation (the “Company”), and Matthew R. Zaist, an individual (“Executive”) (collectively the “Parties” and individually a “Party”), dated as of September 1, 2012 (the “Agreement”), is hereby made and entered into effective as of March 6, 2013, by and between the Company and Executive. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Agreement.

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