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2021 Long-Term Incentive Program Award Agreement Sample Contracts

Date of Grant: [Date] Deemed Share Price: $XX.XX Maximum LTIP Award (total): Target LTIP Award (total): Maximum Number of Class A Shares1: Target Number of Class A Shares1:
2021 Long-Term Incentive Program Award Agreement • September 9th, 2021 • Hovnanian Enterprises Inc • Operative builders • Delaware