Document:

Form of 2005 Restricted Stock Unit Award Certificate (Non-Employee Directors)

 Exhibit 10.82 
  
 NON-EMPLOYEE DIRECTOR 
  
 RESTRICTED STOCK UNIT AWARD CERTIFICATE 
  
 Non-transferable 
  
 GRANT TO 
  
 [NAME OF NON-EMPLOYEE DIRECTOR] 
 (“Grantee”) 

 
 by HomeBanc Corp. (the “Company”) of 
  
 [NUMBER OF RSUs] 
  
 restricted stock units convertible into shares of its common stock, par value
$0.01 per share (the “Units”), 
  
 pursuant to and subject to the
provisions of the HomeBanc Corp. Amended and Restated 2004 Long-Term Incentive Plan (the “Plan”) and to the terms and conditions set forth on page 2 hereof. By accepting the Units, Grantee shall be deemed to have agreed to the terms and
conditions set forth in this Certificate and the Plan. 
  
 Unless vesting is
accelerated in accordance with the Plan or in the discretion of the Committee, the Units will vest (become non-forfeitable) in accordance with the following schedule: 
  

			
	 Continuous Service after Grant Date

	 	 Percent of Units Vested

	 Less than 1 month
	 	0%
	 1 to 11 months
	 	8.33% per month
	 12 months
	 	100%

  
 IN WITNESS WHEREOF, HomeBanc Corp. has
caused this Certificate to be executed as of the Grant Date, as indicated below. 
  

			
	HOMEBANC CORP.
		
	By:	 	  

	Its:	 	Authorized Officer
	
	Grant Date:                     , 2005

 TERMS AND CONDITIONS 
  
 1. Grant of Units. HomeBanc Corp. (the “Company”) hereby grants to the Grantee named on page 1 hereof (“Grantee”), subject to the restrictions
and the terms and conditions set forth in the HomeBanc Corp. Amended and Restated 2004 Long-Term Incentive Plan (the “Plan”) and in this award certificate (this “Certificate”), the number of restricted stock units indicated on
page 1 hereof (the “Units”) which represent the right to receive an equal number of shares of the Company’s $0.01 par value common stock (“Stock”) on the terms set forth in this Certificate. Capitalized terms used herein and
not otherwise defined shall have the meanings assigned to such terms in the Plan. 
  
 2. Vesting of Units. The Units have been credited to a bookkeeping account on behalf of Grantee. The Units will vest and become non-forfeitable on the earliest to occur of the following (the “Vesting Date”): 
  

	 	(a)	as to the percentages of the Units specified on page 1 hereof, on the respective dates specified on page 1 hereof, or 

  

	 	(b)	the termination of Grantee’s service as a director of the Company due to death, Disability, retirement in accordance with the Company’s bylaws as in effect from time to
time, or failure to be re-nominated or re-elected to the Board, or 

  

	 	(c)	the termination of Grantee’s service as a director of the Company without Cause within two years following a Change of Control. 

  
 If Grantee’s service as a director of the Company terminates prior to the Vesting Date
for any reason other than as described in (b) or (c) above, Grantee shall forfeit all right, title and interest in and to the Units as of the date of such termination and the Units will be reconveyed to the Company without further consideration or
any act or action by Grantee. 
  
 3. Conversion to Stock. Unless the Units
are forfeited prior to the Vesting Date as provided in Paragraph 2 above, the Units will be converted to actual shares of Stock on the date Grantee ceases to serve as a director of the Company in any capacity (the “Conversion Date”). Stock
certificates evidencing the conversion of Units into shares of Stock will be registered on the books of the Company in Grantee’s name as of the Conversion Date and delivered to Grantee as soon as practical thereafter. 
  
 4. Dividend Equivalents. If and when dividends or other distributions are paid with
respect to the Stock while the Units are outstanding, a cash account shall be established for Grantee under the Plan, and such cash account shall be credited with an amount equal to the dollar amount or fair market value of such dividends or
distributions with respect to that number of shares of Stock then underlying the Units immediately prior to such dividend or distribution. Any balance credited to such cash account shall be subject to the same forfeiture restrictions, restrictions
on transferability, and deferral terms as apply to the Units with respect to which it was credited. Upon conversion of the Units into shares of Stock at the Vesting Date or any applicable deferral termination date, the applicable portion of such
cash account shall be paid to Grantee. 
  
 5. Changes in Capital Structure.
The provisions of Article 14 of the Plan shall apply to this award and are incorporated herein by reference. Without limiting the foregoing, in the event the Stock shall be changed into or exchanged for a different number or class of shares of stock
or securities of the Company or of another company, whether through reorganization, recapitalization, statutory share exchange, reclassification, stock split-up, combination of shares, merger or consolidation, or otherwise, there shall be
substituted for each share of Stock then underlying a Unit subject to this Certificate the number and class of shares into which each outstanding share of Stock shall be so exchanged. 
  
 6. Restrictions on Transfer. No right or interest of Grantee in the Units may be pledged, hypothecated or otherwise encumbered to or
in favor of any party other than the Company or an Affiliate, or be subjected to any lien, obligation or liability of Grantee to any other party other than the Company or an Affiliate. Unvested Units are not assignable or transferable by Grantee.
Vested Units are not assignable or transferable by Grantee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code; but the Committee may permit other
transfers. 
  
 7. Limitation of Rights. The Units do not confer to Grantee
or Grantee’s beneficiary any rights of a shareholder of the Company unless and until shares of Stock are in fact issued to such person in connection with the Units. Nothing in this Certificate shall interfere with or limit in any way the right
of the Company to terminate Grantee’s service as a director of the Company at any time, nor confer upon Grantee any right to continue in the service of the Company in any capacity. 
  
 8. Amendment. The Committee may amend, modify or terminate this Certificate without approval of Grantee; provided, however, that such
amendment, modification or termination shall not, without Grantee’s consent, reduce or diminish the value of this award determined as if it had been fully vested (i.e., as if all restrictions on the Units hereunder had expired) on the date of
such amendment or termination. 
  
 9. Plan Controls. The terms contained in
the Plan are incorporated into and made a part of this Certificate and this Certificate shall be governed by and construed in accordance with the Plan. In the event of any actual or alleged conflict between the provisions of the Plan and the
provisions of this Certificate, the provisions of the Plan shall be controlling and determinative. 
  
 10. Successors. This Certificate shall be binding upon any successor of the Company, in accordance with the terms of this Certificate and the Plan. 
  
 11. Severability. If any one or more of the provisions contained in this Certificate is deemed to be invalid, illegal or
unenforceable, the other provisions of this Certificate will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 
  
 12. Notice. Notices and communications under this Certificate must be in writing and either personally delivered or sent by
registered or certified United States mail, return receipt requested, postage prepaid. Notices to the Company must be addressed to: 
  
 HomeBanc Corp. 
 2002 Summit Boulevard, Suite 100 
 Atlanta, Georgia 
 Attn: Secretary 
  
 or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with
the Company, or at any other address given by Grantee in a written notice to the Company.Form of 2005 Stock Appreciation Rights Award Certificate

 Exhibit 10.83 
  
 STOCK APPRECIATION RIGHTS CERTIFICATE 
  
 Non-transferable 
  
 GRANT TO 
  
 [NAME OF GRANTEE] 
 (“Grantee”) 
  
 by HomeBanc Corp. (the “Company”) of 
 Stock Appreciation Rights with respect to 
  
 [NUMBER OF SARs] 
  
 shares of its common stock, $0.01 par value (the “SARs”) 
  

having a base value of $7.50 per share (the “Base Value”) 
  
 pursuant to and subject to the provisions of the HomeBanc Corp. Amended and Restated 2004 Long-Term Incentive Plan (the “Plan”)
and to the terms and conditions set forth on page 2 hereof. By accepting the SARs, Grantee shall be deemed to have agreed to the terms and conditions set forth in this Certificate and the Plan. 
  
 Unless vesting is accelerated in accordance with the Plan or in the discretion of the
Committee, the SARs shall vest (become exercisable) in accordance with the following schedule: 
  

			
	 Continued Employment
 after Grant Date

	 	 Percent of SAR Shares
 Vested

	 Less than 1 Year
	 	0%
	 1 Year
	 	25%
	 2 Years
	 	50%
	 3 Years
	 	75%
	 4 Years
	 	100%

  
 IN WITNESS WHEREOF, HomeBanc Corp. has
caused this Certificate to be executed as of the Grant Date, as indicated below. 
  

			
	HOMEBANC CORP.
		
	By:	 	  

	Its:	 	Authorized Officer
	
	Grant Date:                     , 2005

 TERMS AND CONDITIONS 
  
 1. Grant of SARs. HomeBanc Corp. (the “Company”) hereby grants to the Grantee named on page 1 hereof (“Grantee”), under the HomeBanc Corp.
Amended and Restated 2004 Long-Term Incentive Plan (the “Plan”) and on the terms and on conditions set forth in this award certificate (this “Certificate”), stock appreciation rights with respect to the number of shares of Stock
indicated on page 1 hereof at the Base Value per share set forth on page 1 hereof (the “SARs”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan. 
  
 2. Base Value and Benefit. The Base Value of each SAR is equal to the Fair Market
Value of a share of Stock on the Grant Date. Each SAR entitles Grantee to receive from the Company upon the exercise of the SAR an amount, payable in shares of Stock, equal to the excess, if any, of (a) the Fair Market Value of one share of Stock on
the date of exercise, over (b) the Base Value per share. 
  
 3. Vesting of
SARs. The SARs shall vest (become exercisable) in accordance with the schedule shown on page 1 of this Certificate. Notwithstanding the vesting schedule, (i) if Grantee’s employment terminates by reason of his or her death, Disability or
Retirement at any time, or (ii) if grantee’s employment is terminated by the Company without Cause within two years following a Change of Control, the SARs shall become fully vested and exercisable as of such date of termination. 
  
 4. Term of SARs and Limitations on Right to Exercise. The term of the SARs is a period
of ten years, expiring at 5:00 p.m., Eastern Time, on the tenth anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the SARs will lapse prior to the Expiration Date upon the earliest to occur of
the following circumstances: 
  
 (a) three months after the termination of the
Grantee’s employment with the Company for any reason other than by reason of the Grantee’s death, Disability or Retirement; 
  
 (b) twelve months after the date of the termination of the Grantee’s employment with the Company by reason of Disability or Retirement; 
  
 (c) twelve months after the date of the Grantee’s death, if the Grantee dies while
employed with the Company, or during the 3-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the SARs otherwise lapse. Upon the Grantee’s death, the SARs may be
exercised by the Grantee’s beneficiary designated pursuant to the Plan. 
  
 The Committee may, prior to the lapse of the SARs under the circumstances described in paragraphs (a), (b), or (c) above, extend the time to exercise the SARs. If the Grantee or his or her beneficiary exercises a SAR after termination of
employment, the SARs may be exercised only with respect to the shares that were otherwise vested as of such termination. 
  
 5. Dividend Equivalents. No dividend equivalent rights shall attach to the SARs granted hereby. 
  
 6. Exercise of SAR. The value due upon exercise of the SARs is calculated as follows: (a) the number of SARs being exercised, times
the excess, if any, of (i) the Fair Market Value of one share of Stock on the date of exercise, over (ii) the Base Value of the SAR, plus (b) the value of the accumulated RSUs (based on the Fair Market Value of the Stock at the time of exercise),
The SARs shall not be exercisable if the value derived from the above formula is zero or less. Provided such value is more than zero, the SARs shall be exercised by written notice directed to the Secretary of the Company or his or her designee at
the address and in the form specified by the Secretary from time to time. If the person exercising a SAR is not Grantee, such person shall also deliver with the notice of exercise appropriate proof of his or her right to exercise the SAR.

  
 7. Limitation of Rights. The SARs do not confer to Grantee or
Grantee’s beneficiary any rights of a shareholder of the Company unless and until shares of Stock are in fact issued to such person in connection with the exercise of the SARs. Nothing in this Certificate shall interfere with or limit in any
way the right of the Company or any affiliate to terminate Grantee’s employment at any time, nor confer upon Grantee any right to continue in the employment of the Company or any affiliate. 
  
 8. Withholding. The Company or any employer affiliate has the authority and the right
to deduct or withhold, or require Grantee to remit to the employer, an amount sufficient to satisfy federal, state, and local taxes (including Grantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising
as a result of the exercise of the SARs. The withholding requirement may be satisfied, in whole or in part, at the election of the Secretary, by withholding from the SAR shares of Stock having a Fair Market Value on the date of withholding equal to
the minimum amount (and not any greater amount) required to be withheld for tax purposes, all in accordance with such procedures as the Secretary establishes. 
  

9. Plan Controls. The terms contained in the Plan are incorporated into and made a part of this Certificate and this Certificate shall be governed by and
construed in accordance with the Plan. In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of this Certificate, the provisions of the Plan shall be controlling and determinative. 
  
 10. Severability. If any one or more of the provisions contained in this Certificate
is deemed invalid, illegal or unenforceable, the other provisions of this Certificate will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 
  
 11. Notice. Notices and communications under this Certificate must be in writing and
either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid. Notices to the Company must be addressed to: HomeBanc Corp., 2002 Summit Boulevard, Suite 100, Atlanta, Georgia 30319;
Attn: Secretary, or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with the Company, or at any other address given by Grantee in a
written notice to the Company.

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