Amendment to Option GrantsOption Grants • June 8th, 2012 • Hovnanian Enterprises Inc • Operative builders
Capitalized terms used herein without definition have the meanings assigned to such terms under the Company’s equity incentive plan under which the Option was granted or in the relevant award agreement, as applicable. The following provision shall be deemed to be incorporated into each relevant outstanding stock option award agreement, effective as of April 28, 2012:
AMENDMENT TO 2011 INCENTIVE STOCK OPTION AGREEMENT2011 Incentive Stock Option Agreement • June 8th, 2012 • Hovnanian Enterprises Inc • Operative builders
THIS AMENDMENT TO 2011 INCENTIVE STOCK OPTION AGREEMENT (this “Amendment”) is made as of this 10th day of February 2012, between Hovnanian Enterprises, Inc., a Delaware corporation (the “Company”) and J. Larry Sorsby (the “Participant” and, together with the Company, the “Parties”).
AMENDMENT TO 2011 RESTRICTED SHARE UNIT AGREEMENT2011 Restricted Share Unit Agreement • June 8th, 2012 • Hovnanian Enterprises Inc • Operative builders
THIS AMENDMENT TO 2011 RESTRICTED SHARE UNIT AGREEMENT (this “Amendment”) is made as of this 10th day of February 2012, between Hovnanian Enterprises, Inc., a Delaware corporation (the “Company”) and Ara Hovnanian (the “Participant” and, together with the Company, the “Parties”).
AMENDMENT TO 2011 NON-QUALIFIED STOCK OPTION AGREEMENT2011 Non-Qualified Stock Option Agreement • June 8th, 2012 • Hovnanian Enterprises Inc • Operative builders
THIS AMENDMENT TO 2011 NON-QUALIFIED STOCK OPTION AGREEMENT (this “Amendment”) is made as of this 10th day of February 2012, between Hovnanian Enterprises, Inc., a Delaware corporation (the “Company”) and Ara Hovnanian (the “Participant” and, together with the Company, the “Parties”).
