Exhibit 10.23 2008-2010 EARNINGS PARTICIPATION AWARD AGREEMENT This 2008-2010 EARNINGS PARTICIPATION AWARD AGREEMENT, dated April 15, 2005 (the "Agreement"), is made by and between Avatar Holdings Inc., a Delaware corporation (the "Company") and...Earnings Participation Award Agreement • May 31st, 2005 • Avatar Holdings Inc • Operative builders • Delaware
Contract Type FiledMay 31st, 2005 Company Industry Jurisdiction
SECOND AMENDED AND RESTATED EARNINGS PARTICIPATION AWARD AGREEMENTEarnings Participation Award Agreement • December 28th, 2006 • Avatar Holdings Inc • Operative builders • Delaware
Contract Type FiledDecember 28th, 2006 Company Industry JurisdictionTHIS SECOND AMENDED AND RESTATED EARNINGS PARTICIPATION AWARD AGREEMENT, dated December 26, 2006 (this “Agreement”), is made by and between Avatar Holdings Inc., a Delaware corporation (the “Company”), and Gerald D. Kelfer (the “Participant”) and amends and restates in its entirety the Earnings Participation Award Agreement, by and between the Company and the Participant, dated March 27, 2003 (the “Award Date”), as amended and restated on April 15, 2005 (the “Original Agreement”).