0001437749-12-009280 Sample Contracts

STOCK INCENTIVE PLAN RESTRICTED SHARE UNIT AGREEMENT (Directors)
Restricted Share Unit Agreement • September 10th, 2012 • Hovnanian Enterprises Inc • Operative builders • Delaware
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STOCK INCENTIVE PLAN STOCK OPTION AGREEMENT (Directors)
Stock Option Agreement • September 10th, 2012 • Hovnanian Enterprises Inc • Operative builders • Delaware
STOCK INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • September 10th, 2012 • Hovnanian Enterprises Inc • Operative builders • Delaware

Participant: Date of Grant: Number of Class B Shares: Grant Price: Vesting Schedule: Date Number of Shares Option Termination Date:

STOCK INCENTIVE PLAN INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • September 10th, 2012 • Hovnanian Enterprises Inc • Operative builders • Delaware

Participant: Date of Grant: Number of Class A Shares: Grant Price: Vesting Schedule: Date Number of Shares Option Termination Date:

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