0001299933-05-002980 Sample Contracts

FORM OF NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNIT AGREEMENT

Restricted Stock Unit Agreement • June 17th, 2005 • Avatar Holdings Inc • Operative builders • Delaware

• Contract Type
  Restricted Stock Unit Agreement
• Filed
  June 17th, 2005
• Company
  Avatar Holdings Inc
• Industry
  Operative builders
• Jurisdiction
  Delaware

This RESTRICTED STOCK UNIT AGREEMENT (“Agreement”), dated as of [ ], 200[_], by and between Avatar Holdings Inc., a Delaware corporation (the “Company”) and [ ] (the “Participant”).

AVATAR HOLDINGS INC. FORM OF DEFERRED COMPENSATION AGREEMENT FOR NON-EMPLOYEE DIRECTOR’S FEES

Deferred Compensation Agreement • June 17th, 2005 • Avatar Holdings Inc • Operative builders • Delaware

• Contract Type
  Deferred Compensation Agreement
• Filed
  June 17th, 2005
• Company
  Avatar Holdings Inc
• Industry
  Operative builders
• Jurisdiction
  Delaware

This Deferred Compensation Agreement (this “Agreement”), dated as of [ ], 200[_], is made by and between Avatar Holdings Inc., a Delaware corporation (the “Company”), and [DIRECTOR], a non-employee director of the Company (the “Participant”), pursuant to, and subject to the terms and conditions of, the Amended and Restated 1997 Incentive and Capital Accumulation Plan (2005 Restatement), as the same may be amended, restated, modified or supplemented from time to time (the “Plan”).