----

| 2.1 | Award - shall      mean Restricted Stock Units and Cash Settled Award Units granted under the      Program. |
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| 2.2 | Award Date -      shall mean any date as determined by the Committee (e.g., November      15). |
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| 2.3 | Beneficiary -      shall mean a beneficiary or beneficiaries designated by Participant under      Article 7. |
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| 2.4 | Board - shall      mean the Board of Directors of theCompany. |
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| 2.5 | Bonus - shall      mean any annual bonus awarded for services performed during a Fiscal Year,      whether discretionary or from an incentive plan in place for Beazer      executives of which no amount is paid or payable during the Fiscal      Year. |
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| 2.6 | Cash Settled Award      Units – shall mean a bookkeeping entry representing the right to      receive cash based on the value of a share of Common Stock at some future      date, as described in Section 5.5 hereof.  The fair market value      of a Cash Settled Award Unit on any date shall be deemed to be the Fair      Market Value of a share of Common Stock on that  date. |
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| 2.7 | Cause - shall      mean any of the following: (i) any act or failure to act (or series or      combination thereof) by the Participant done with the intent to harm in      any material respect the interests of the Company or any affiliate      thereof; (ii) the commission by Participant of a felony; (iii) the      perpetration by Participant of a dishonest act or common law fraud against      the Company or any affiliate thereof; (iv) a grossly negligent act or      failure to act (or series or combination thereof) by Participant      detrimental in any material respect to the interests of the Company or any      affiliate thereof; (v) the material breach by Participant of his or her      agreements or obligations under his or her employment agreement; or (vi)      the continued refusal to follow directives which are consistent with      Participant’s duties andresponsibilities. |
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| 2.8 | Change in Control      – shall mean any of thefollowing: |
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| 2.9 | Committee -      shall mean the Compensation Committee or any other Committee of the Board      designated by the Board to administer the Plan which shall consist of at      least two members appointed from time to time by the      Board.  Each Committee member must qualify as an “outside      director” as defined in the Treasury Regulation §1.162-27(e)(3) (or any      successor rule) and, to the extent necessary to qualify Awards hereunder      for exemption from the liability provisions of Rule 16b-3, a “non-employee      director” as defined in Reg. §240.16b-3(b)(3) (or any successor rule) of      the Securities Exchange Act of1934. |
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| 2.10 | Company - shall      mean Beazer Homes USA, Inc. and its  subsidiaries. |
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| 2.11 | Cost - shall      mean the amount actually paid for a Restricted Stock  Unit. |
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| 2.12 | Deferral Period      - shall mean a period of time (expressed in whole months) of not less than      thirty-six months and not greater than 119 months in length beginning on      an Award Date specified with respect to Restricted Stock Units awarded on      that Award Date.  A Participant may elect on his/her Election      Form delivered to the Company as required in Section 5.2, any Deferral      Period with respect to Restricted Stock Units awarded to the corresponding      day as the Award Date of any month which is more than thirty six months      after the Award Date, but less than 120 months after the Award      Date. |
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| 2.13 | Discounted Cost      - shall mean 80% of the Fair Market Value of a share of Common Stock on      the Award Date. |
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| 2.14 | Election Form -      shall mean the form on which the Participant irrevocably elects to defer a      portion of his/her Bonus and receive anAward. |
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| 2.15 | Fair Market      Value - shall mean the fair market value of any property (including      but not limited to shares of Common Stock or other security) determined by      a valuation method as established by the Committee from time to      time.  However, for purposes of the Program, the Fair Market      Value of shares of Common Stock on any day on which shares of Common Stock      are traded on the New York Stock Exchange (“NYSE”) or any other nationally      recognized stock exchange or automated quotation system shall be the      closing price of such shares of Common Stock as reported by the NYSE or      such other exchange or quotationsystem. |
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| 2.16 | Fiscal Year -      shall mean the fiscal year of theCompany. |
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| 2.17 | Incapacity –      shall mean a Participant’s condition such that he or she is (a) unable to      engage in any substantial gainful activity by reason of any medically      determinable physical or mental impairment which can be expected to result      in death or can be expected to last for a continuous period of not less      than twelve (12) months, or (b) is, by reason of any medically      determinable physical or mental impairment which can be expected to last      for a continuous period of not less than twelve (12) months, receiving      income replacement benefits for a period of not less than three (3) months      under an accident or health plan covering employees of the Participant’s      employer. |
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| 2.18 | Participant -      shall mean an executive participating in this  Program. |
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| 2.19 | Plan - shall      mean the Beazer Homes USA, Inc. 1999 Stock Incentive  Plan. |
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| 2.20 | Program - shall      mean this Beazer Homes USA, Inc. Second Amended and Restated Corporate      Management Stock Purchase Program. |
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| 2.21 | Restricted Stock Unit      or RSU - shall mean a bookkeeping entry representing the right to      receive a share of Common Stock at some future date.  A holder      of RSUs shall not be entitled to voting rights on any Shares to which the      RSUs relate.  The fair market value of an RSU on any date shall      be deemed to be the Fair Market Value of a share of Common Stock on that      date. |
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| 2.22 | Retirement –      shall mean a voluntary termination of employment by an employee aged 65      years or older with at least five (5) years of Company      service.  A Participant may request approval for retirement      treatment if between the ages of 62 and 65 with at least five (5) years of      Company service.  At the sole discretion of the Compensation      Committee, such requests can be approved or  denied. |
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| 2.23 | Subsidiary -      shall mean a company at least 50% of whose issued and outstanding stock is      owned directly or indirectly by theCompany. |
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| 3.1 | Power and Authority of      the Committee.  The Program shall be administered by the      Committee.  Subject to the express provisions of this Program,      the Plan and applicable law, the Committee shall have complete discretion      and authority with respect to the Program and its interpretation and      application.  Determination by the Committee shall be final and      binding on all parties with respect to all matters relating to the      Program. |
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| 3.2 | Delegation.  The      Committee may delegate its powers and duties under the Program to one or      more officers of the Company or any Affiliate or a committee of such      officers, subject to such terms, conditions and limitations as the      Committee may establish in its sole discretion and subject to the      requirements of the Plan. |
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| 5.1 | General.  Each      Participant shall be entitled to elect to defer all or a portion of      his/her Bonus on a pre-tax basis and receive an award of RSUs at some      future date.  The number of RSUs to be awarded to Participants      shall be determined using the Discounted Cost of the Common Stock on the      Award Date. |
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| 5.2 | Purchases.  For      each Fiscal Year, each Participant may elect to receive all or a portion      (in whole percentages) of his/her Bonus for that Fiscal Year as an award      of RSUs (the “Discretionary Amount” and “Credited Amount”) by completing      an Election Form.  The Election Form shall provide that the      Participant elects to receive RSUs in lieu of a specified portion of      his/her Bonus.  Each Election Form shall specify a Deferral      Period with respect to the RSUs to which it pertains.  Election      Forms must be received by the Company no later than the last business day      of the Fiscal Year immediately preceding the Fiscal Year in which are      performed any services for which such Bonus is  payable. |
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| 5.3 | Award of      RSUs.  The Company shall award RSUs to each Participant      on the Award Date, subject to the limitations set forth in Section 5.5      below.  Each Participant shall be credited with a whole number      of RSUs determined by dividing (a) the amount of the Discretionary Amount      to be received as an award of RSUs under paragraph 5.2 by (b) the      Discounted Cost of a share of Common Stock on the Award      Date.  No fractional RSU will be credited and the amount      equivalent in value to the fractional RSU will be paid out to the      Participant currently in cash. |
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| 5.4 | Termination Prior to      Award Date.  If an eligible employee terminates      employment for any reason prior to an Award Date, such employee shall      not receive an award of RSUs and shall cease to be a Participant      under this Program.  Any Bonus then subject to deferral under      this Program shall be paid to the employee in cash in accordance with the      terms of any plan or other program governing the payment of such      Bonus.  Any RSUs previously awarded to such employee under this      Program will be settled as set forth in Article 6  hereof. |
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| 5.5 | Cash Settled      Awards.  Notwithstanding anything herein to the contrary,      at any time that there are not a sufficient number of RSUs available for      use under the 1999 Stock Incentive Plan or any successor plan upon an      Award Date to satisfy the issuance to all Participants of RSUs in the      amount required to cover all Credited Amounts, the Committee may, in its      sole discretion, reduce the number of RSUs to be awarded to each      Participant pro rata such that the aggregate number of RSUs awarded on      such Award Date shall not exceed the number then available.  Any      additional Credit Amounts as to which a deferral election has been made by      Participants shall be credited to an account representing Cash Settled      Award Units.  A Participant’s Cash Settled Award Unit account      shall be credited with that number of Cash Settled Award Units as is      determined by dividing the Credited Amount to be allocated to such account      by the Discounted Cost.  Upon vesting and payment in accordance      with Article 6, a holder of Cash Settled Award Units shall receive an      amount in cash equal to the fair market value of such Cash Settled Award      Units on the date of payment.  Notwithstanding the foregoing,      the Committee shall have the right in its sole discretion to provide for      the conversion of outstanding Cash Settled Award Units to an equal number      of RSUs at such later date as the Committee shall determine that a      sufficient number of RSUs is again available under the 1999 Stock      Incentive Plan or any successor plan for use pursuant to this Program      provided that the conversion of such Cash Settled Award Units to RSUs      under the Program has been approved by the stockholders of the      Company. |
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| 6.1 | Vesting.  A      Participant shall be fully vested in each RSU or Cash Settled Award Unit      36 months after the Award Date pertaining to that RSU provided that the      Participant has remained an employee for that entire 36-month      period. |
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| 6.2 | Payment after      Vesting.  With respect to each vested RSU, the Company      shall issue to the Participant one share of Common Stock (“Deferred      Compensation Share”) as soon as practicable after the end of the Deferral      Period specified in the Participant’s Election Form.  With      respect to each vested Cash Settled Award Unit, the Company shall pay to      the Participant an amount in cash equal to the fair market value of such      Cash Settled Award Unit as soon as practical after the end of the Deferral      Period specified in the Participant’s Election  Form. |
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| 6.3 | Payment Prior to      Vesting.  In the event the Participant does not remain an      employee until the end of the 36-month period due  to: |
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|   | (a) | Termination      by the Company for Cause, the Participant shall be entitled to receive      from the Company payment in an aggregate amount equal to the lesser of (x)      the Credited Amount, or (y) the Fair Market Value of the number of shares      of Common Stock represented by or related to the RSUs or Cash Settled      Award Units on the date of termination of the  Participant; |
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|   | (b)      Voluntary resignation or otherwise voluntarily terminating his/her      employment with the Company or one of its Subsidiaries for any reason      other than as the result of his death, Incapacity or Retirement, the      Participant shall receive from the Company payment in an aggregate amount      equal to the lesser of (x)      the Credited Amount, or (y) the Fair Market Value of the number of shares      of Common Stock represented by or related to the RSUs or Cash Settled      Award Units on the date of resignation or termination by      Participant. |
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|   | (c) | Termination      by the Company for any reason other than “Cause”, Participant shall be      entitled to receive from the Company:  (i) the pro rata portion      (the “Issuable Shares”) of the Deferred Compensation Shares which is the      product      of (x) the aggregate number of Deferred Compensation Shares into which the      Credited Amount would be convertible at the end of the Deferral Period in      accordance with the provisions of Article 6.2 hereof and (y) a      fraction, the numerator of which is the number of whole months elapsed      since the Award Date and the denominator of which is thirty-six (36) (the      “Fraction”); and (ii) in respect of the pro rata portion of the Credited      Amount represented by RSUs which are not converted into Issuable Shares      (the “Remaining Credit”), payment is an aggregate amount equal to the      lesser of      (xx) the Remaining Credit, or (yy) the Fair Market Value, on the date of      termination of Participant, of that number of Deferred Compensation Shares      into which the Remaining Credit would have been converted in accordance      with the provisions of Article 6.2 hereof.  Further, upon such      termination for any reason other than “Cause”, with respect to Cash      Settled Award Units, Participant shall be entitled to receive from the      Company:  cash in an amount equal to (i) the pro rata portion of      the fair market value of such Cash Settled Award Units equal to the      product of (x) the aggregate number of unvested Cash Settled Award Units      held in the Program on behalf of Participant and (y) the Fraction and (ii)      in respect to the pro rata portion of the Credited Amount which is      represented by Cash Settled Award Untis that are not paid out in      accordance with the foregoing (the “Cash Remaining Credit”), payment in an      aggregate amount equal to the lesser of (x) the Cash Remaining Credit or      (y) the fair market value, on the date of termination of the Participant,      of such Cash Settled Award Units. |
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|   | (d) | Termination      as the result of death, Incapacity or Retirement, the Credited Amount      related to RSUs shall be automatically converted, as of the date of such      termination of Participant, into Deferred Compensation Shares and related      to Cash Settled Award Units shall be paid in cash, as of the date of such      termination of Participant, in an amount equal to the fair market value of      such Cash Settled Award Units in accordance with the provisions of Article      6.2 hereof. |
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|   | (e) | Change      of Control of the Company, the Credited Amount shall be automatically      converted into Deferred Compensation Shares and the Credited Amount      related to Cash Settled Award Units shall be paid in cash in accordance      with the provisions of Article 6.2hereof. |
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|   | (f) | Notwithstanding      the foregoing, if, at the time of a Participant’s “separation from      service” (within the meaning of Section 409A of the Code), a Participant      is a "specified employee" (within the meaning of Code Section 409A), any      Plan benefit as to which Section 409A penalties could be assessed that      becomes payable to the Participant on account of the Participant’s      separation from service will not be paid or otherwise settled until      after the end of the sixth calendar month beginning after the      Participant’s separation from service (the "409A Suspension Period").      Within 14 calendar days after the end of the 409A Suspension Period, the      Participant shall be paid a lump sum payment in cash (or shares of Common      Stock, as the case may be) equal to any payments delayed because of the      preceding sentence, without interest. Thereafter, the Participant shall      receive any remaining payments or other benefits as if there had not been      an earlier delay.  |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (g) | Fair      Market Value determinations of Common Stock represented by RSUs shall      be valued at of the date of payment rather      than the date of termination ofemployment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

| 6.4 | Compensation Committee      Waiver and Modification.  Notwithstanding the provisions      of Sections 6.1 and 6.3 above, the Compensation Committee shall have the      right in its sole discretion to waive or alter the payment provisions of      Section 6.3. |
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| 9.1 | No Distribution;      Compliance with Legal Requirements.  The Committee may      require each person acquiring shares of Common Stock under the Program to      represent to and agree with the Company in writing that such person is      acquiring the shares without a view to distribution thereof.  No      shares of Common Stock shall be issued until all applicable securities law      and other legal and stock exchange requirements have been      satisfied.  The Committee may require the placing of such      stop-orders and restrictive legends on certificates for Common Stock as it      deems appropriate. |
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| 9.2 | Notices; Delivery of      Stock Certificates.  Any notice required or permitted to      be given by the Company or the Committee pursuant to the Program shall be      deemed given when personally delivered or deposited in the United States      mail, registered or certified, postage prepaid, addressed to the      Participant at the last address shown for the Participant on the records      of the Company.  Delivery of stock certificates to persons      entitled to receive them under the Program shall be deemed effected for      all purposes when the Company or a share transfer agent of the Company      shall have deposited such certificates in the United States mail,      addressed to such person at his/her last known address on file with the      Company. |
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| 9.3 | Nontransferability of      Rights.  During a Participant’s lifetime, any payment or      issuance of shares under the Program shall be made to      him/her.  No RSU or other interest under the Program shall be      subject in any manner to anticipation, alienation, sale, transfer,      assignment, pledge, encumbrance or charge, and any attempt by a      Participant or any Beneficiary under the Program to do so shall be      void.  No interest under the Program shall in any manner be      liable for or subject to the debts, contracts, liabilities, engagements or      torts of a Participant or Beneficiary entitled  thereto. |
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| 9.4 | Obligations Unfunded      and Unsecured.  The Program shall at all times be      entirely unfunded, and no provision shall at any time be made with respect      to segregating assets of the Company (including Common Stock) for payment      of any amounts or issuance of any shares of Company Stock      hereunder.  No Participant or other person shall have any      interest in any particular assets of the Company (including Common Stock)      by reason of the right to receive payment under the Program, and any      Participant or other person shall have only the rights of a general      unsecured creditor of the Company with respect to any rights under the      Program. |
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| 9.5 | No Guarantee of Tax      Consequences.  While the Program is intended to provide      tax deferral for Participants, the Program is not a guarantee that the      intended tax deferral will be achieved.  Participants are solely      responsible and liable for the satisfaction of all taxes and penalties      that may arise in connection with this Program (including any taxes      arising under Section 409A of the Code).  Neither the Company      nor its affiliates nor any of their directors, officers or employees shall      have any obligation to indemnify or otherwise hold any Participant      harmless from any such taxes. The Committee reserves the right (including      the right to delegate such right) to unilaterally amend this Plan without      the consent of any Participant in order to accurately reflect its correct      interpretation and operation, as well as to maintain an exclusion from the      application of, or to establish compliance with, Code Section      409A.  A Participant’s participation in the Plan constitutes      acknowledgement and consent to such rights of the    Committee. |
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| 9.6 | Effective Date of      Amended and Restated Program.  The Program, as amended      and restated, shall become effective as of the date of its approval by the      Board. |
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| 9.7 | Incorporation of      Plan.  This Program description is qualified in its      entirety by the Plan.  Should there be any discrepancy between      this description and the Plan, the terms of the Plan shall govern,      excluding definitions that are specifically provided    herein. |
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