Standard Contracts
LENNAR CORPORATION AMENDED AND RESTATED 2022 RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • November 21st, 2022 • Lennar Corp /New/ • General bldg contractors - residential bldgs
On February 28, 2022, Lennar Corporation (“Lennar”) granted ________ (the “Grantee”) _________ shares of Class A common stock, which are subject to the performance-based vesting criteria set forth below (the “Performance Shares”), and _________ shares of Class A common stock, which are subject to the time-based vesting criteria set forth below (the “Restricted Shares”, and together with the Performance Shares, the “Shares”). The Shares were issued under the Lennar Corporation 2016 Equity Incentive Plan, as amended and restated (the “Plan”). In order to update the relative level of performance necessary to achieve target performance in connection with the Performance Shares, this Agreement amends and restates the 2022 Restricted Stock Agreement pursuant to which the Grantee was granted the Shares. All capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Plan.
LENNAR CORPORATIONRestricted Stock Agreement • November 21st, 2022 • Lennar Corp /New/ • General bldg contractors - residential bldgs
This is to certify that Lennar Corporation (“Lennar”) has granted ________ (the “Grantee”) _________ shares of Class A common stock, which are subject to the performance-based vesting criteria set forth below (the “Performance Shares”). The Performance Shares are being issued under the Lennar Corporation 2016 Equity Incentive Plan, as amended and restated (the “Plan”). All capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Plan.
