Title/Position:
    
    Executive Vice President and Chief Financial OfficerStart Date:
    
    September 9, 2009Base Salary:
    
    $600,000 per annum payable semi-monthly
 Annual Incentive Compensation:
 Long-Term Incentive Compensation
 Relocation Expenses:
    Page 1 of 5




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Executive Benefits Program
  Executive Life Insurance:
 DCP:
 KB Home 401(k) Savings Plan:
 Change in Control Policy
 Executive Severance Plan
  Page 2 of 5




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Executive Commitment
 a.
    
    During the performance of your duties on behalf of the Company, you will receive and be
entrusted with certain confidential and/or secret information of a proprietary nature. You
agree not to disclose or use, during your employment or anytime thereafter, any such
information, which is not otherwise publicly available.b.
    
    You will not make any public statements concerning KB Home or any of its affiliates or
subsidiaries regarding your employment, unless previously approved by the Company.c.
    
    You agree that in the event of your termination, you will not for a period of one year
thereafter employ nor seek to employ (for yourself of on behalf of anyone else) any person
employed by KB Home or any of its affiliates or subsidiaries.d.
    
    You agree that during the term of your employment you will not engage, as owner, part owner,
stockholder (other than passive), director or otherwise, of any company, joint venture or
other business competitive with KB Home or any of its affiliates or subsidiaries. Nothing in
this paragraph (d) shall prevent you from obtaining normal employment (after the termination
of your employment with the Company), in any general industry or the housing industry as long
as you comply with the provisions of this letter.
 Employment References
 No Violation of Former Employers Rights
 Employment at Will:
 Limitation
 Employment Authorization Documentation: OR AND
 Entire Agreement
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##### 



Governing Law
   /s/ Jeffrey T. MezgerJeffrey T. MezgerPresident and Chief Executive Officer  /s/ Raymond Silcock
    
    9/4/09Raymond Silcock
    
    Date
 Note:
 th
 Or via fax:
 Or scan and email to:
 Page 4 of 5




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LISTS OF ACCEPTABLE DOCUMENTS
All documents must be unexpired
 LIST ADocuments that Establish Both
        
        LIST B
        
        LIST CIdentity and Employment
        
        Documents that Establish
        
        Documents that EstablishAuthorization
        OR
        Identity
        AND
        Employment
          Authorization1.   U.S.
              Passport or U.S. Passport Card
            2.   Permanent
              Resident Card or Alien Registration Receipt Card (Form I-551)
        
        1.   Drivers
            license or ID card issued by a State or outlying possession of the
            United States provided it contains a photograph or information such
            as name, date of birth, gender, height, eye color, and address
        
        1.   Social
            Security Account Number card other than one that specifies on the
            face that the issuance of the card does not authorize employment in
            the United States3.   Foreign
            passport that contains a temporary I-551 stamp or temporary I-551
            printed notation on a machine- readable immigrant visa
        
        2.   ID
            card issued by federal, state or local government agencies or entities,
            provided it contains a photograph or information such as name, date
            of birth, gender, height, eye color, and address
        
        2.   Certification
            of Birth Abroad issued by the Department of State (Form FS-545)4.   Employment
            Authorization Document that contains a photograph (Form I-766)
        
        3.   School
            ID card with a photograph
          4.   Voters registration card
        
        3.   Certification
            of Report of Birth issued by the Department of State (Form DS-1350)5.   In
            the case of a nonimmigrant alien authorized to work for a specific
            employer incident to status, a foreign passport with Form I-94
            or Form I-94A bearing the same name as the passport and containing
            an endorsement of the aliens nonimmigrant status, as long as
            the period of endorsement has not yet expired and the proposed employment
            is not in conflict with any restrictions or limitations identified
            on the form
        
        5.   U.S. Military card or draft record
          6.   Military dependents ID card
          7.   U.S.
            Coast Guard Merchant Mariner Card
          8.   Native
            American tribal document
          9.   Drivers
            license issued by a Canadian government authority
        
        4.   Original
            or certified copy of birth certificate issued by a State, county,
            municipal authority, or territory of the United States bearing an
            official seal
          5.   Native American tribal document
          6.   U.S. Citizen ID Card (Form I-197)6.   Passport
            from the Federated States of Micronesia (FSM) or the Republic
            of the Marshall Islands (RMI) with Form I-94 or Form I-94A
            indicating nonimmigrant admission under the Compact of Free Association
            Between the United States and the FSM or RMI
        
        For persons under age 18 who 
            are unable to present a 
            document listed above:
          10.   School
            record or report card
          11.   Clinic, doctor, or hospital record
          12.   Day-care
            or nursery school record
        
        7.   Identification
            Card for Use of Resident Citizen in the United States (Form I-179)8.   Employment
            authorization document issued by the Department of Homeland Security
 Illustrations of many of these documents appear in Part 8 of the Handbook for Employers (M-274)
  Page 5 of 5