Exhibit 10.14
 
 AMENDED AND RESTATED KB HOME 1999 INCENTIVE PLAN
 (as amended and restated on October 2, 2008)
 Purpose.
 Definitions.
     provided
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Wall Street Journal
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Administration.
 Committee.
 Authority of Committee. provided, however provided,
however,
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Action by the Committee.
 Committee Decisions Binding.
 Award Limits.
 Plan Shares. provided,
however
 Shares Available for Grant. provided, however,
 Individual Stock-Based Awards.
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Sources of Shares Deliverable Under Awards.
 Cash Award Limits.
 Eligibility and Participation.
 Eligibility.
 Participation.
 Performance-Based Bonuses.
 Grant.
 Employment Agreement. provided, however
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Stock Options.
 General. provided
 Exercise Price. provided however
 Time and Conditions of Exercise. provided however provided however
 Payment. provided however
 Evidence of Grant; Other Terms and Conditions.
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Prohibition on Reload Grants.
 Incentive Stock Options.
 Expiration.
    Dollar Limitation.
 Ten Percent Owners.
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Notice of Disposition.
 Right to Exercise.
 Failure to Meet Requirements.
 Stock Appreciation Rights.
 Grant. provided provided
 Exercise and Payment. provided, however provided, however
 Evidence of Grant; Other Terms and Conditions.
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provided, however,
 Restricted Stock.
 Grant. provided, however
 Forfeiture.
 Certificates for Restricted Stock.
 Dividends and Distributions.
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Other Stock-Based Awards. provided, however provided, further
 Performance Share Awards. provided however
 Stock Unit Awards.
 Grant of Stock Unit Awards. provided
 Settlement of Stock Units.
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Term.
 Exercise or Purchase Price. provided, however
 Settlement of Other Stock-Based Awards. provided th th provided, however
 Form of Payment.
 Award Agreement.
 Performance-Based Awards
 Purpose. provided, however
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Applicability.
 Procedures with Respect to Performance-Based Awards.
 Payment of Performance-Based Awards.
 Additional Limitations.
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Provisions Applicable to Awards.
 Stand-Alone and Tandem Awards.
 Beneficiaries.
 Changes in Capital Structure.
 Adjustments.
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Acceleration Upon a Change of Ownership. provided, however
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provided, further
 No Other Rights.
 Amendment and Termination.
 Amendments to the Plan. provided, however
 Amendments to Awards.
 Cancellation.
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provided, however
 General Provisions
 Dividend Equivalents.
 Nontransferability.
 No Rights to Awards.
 Share Certificates; Book Entry Procedures.
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Withholding.
 Award Agreements.
 No Limit on Other Compensation Arrangements.
 No Right to Employment.
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No Rights as Stockholder.
 Governing Law.
 Severability.
 Other Laws.
 No Trust or Fund Created.
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Indemnification. provided, however
 No Fractional Shares.
 Expenses.
 Headings.
 Limitations Applicable to Section 16 Persons.
 Section 409A.
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,
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Term of the Plan.
 Effective Date.
 Expiration Date.
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