Earnings Participation Award Agreement Sample Contracts

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SECOND AMENDED AND RESTATED EARNINGS PARTICIPATION AWARD AGREEMENT
Earnings Participation Award Agreement • December 28th, 2006 • Avatar Holdings Inc • Operative builders • Delaware

THIS 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”).

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