0001299933-06-003783 Sample Contracts

FORM OF NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • May 26th, 2006 • Avatar Holdings Inc • Operative builders • 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”).

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