Document:

Exhibit 10.15

 

FIRST
AMENDMENT TO

AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (this “Amendment”) is made effective as of the 3rd day of
February, 2006 (the “Effective Date”) by and between BEAZER HOMES USA, INC., a
Delaware corporation (the “Company”), and LOWELL BALL, an individual resident
of the State of Georgia (“Executive”).

 

WITNESSETH:

 

WHEREAS, the Company and Executive have
heretofore entered into an Amended And Restated Employment Agreement made
effective as of September 1, 2004 (the “Existing Agreement”); and

 

WHEREAS, the Company and Executive desire to
amend certain provisions of the Existing Agreement as provided herein.

 

NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and
agreements herein contained, the Company and Executive hereby agree as follows:

 

1.     Section 6(a)(i) of the Existing Agreement is
hereby amended by deleting the second (2nd) sentence thereof and substituting
the following in place thereof:

 

“Anything
contained herein to the contrary notwithstanding, the timing of payment by the
Company of any deferred compensation shall remain subject to the terms and
conditions of the applicable deferred compensation plan and any payment
election previously made by the Executive; provided,
however, that, if at the time of Termination, Executive is a “specified
employee” within the meaning of Section 409A of the Internal Revenue Code, as
amended, then payments shall not be made before the date which is six (6)
months after the date of separation from service with the Company (or, if
earlier, the date of the Executive’s death).”

 

2.     Section 7(a) of the Existing Agreement is
hereby amended by adding New Mexico to the list of the States in which the
existing Business of the Company currently extends.

 

3.     Subsection (v) of Section 7(a) of the
Existing Agreement is hereby amended by deleting same and substituting the
following in place thereof:

 

“(v)         Be or become a shareholder, joint venturer,
owner (in whole or in part), or partner, or be or become associated with or
have any proprietary or financial interest in or of any firm, corporation,
association or other entity which is engaged in or is carrying on any business
which is similar to or in competition with the Business of the Company in the
Restricted Area (a “Competing Entity”). Notwithstanding the preceding sentence,
(A) passive equity investments by Executive of $100,000 or less in any
Competing Entity, or (B) investments, in any amount, in any publicly traded
mutual fund, index fund or similar investment vehicle which fund or investment
vehicle owns any proprietary or financial interest in any Competing Entity,
shall not be deemed to violate this Section 7(a)(v).”

 

3.     Except
as and to the extent amended hereby, the Existing Agreement is hereby ratified
and confirmed in all respects and remains in full force and effect in
accordance with the terms thereof. By signing below, the Company and Executive
hereby (i) consent to all of the terms of this First Amendment, (ii) ratify and
confirm their respective obligations under the Existing Agreement, (iii) agree
that said obligations are and shall remain in full force and effect, as amended
by this First Amendment.

 

 

IN WITNESS WHEREOF, the parties hereto have executed this FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT
AGREEMENT effective as of the date first written above.

 

	
   

  	
  BEAZER HOMES USA, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Ian J. McCarthy

  	
   

  
	
   

  	
  Name:
  Ian J. McCarthy

  
	
   

  	
  Title:
  President and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Lowell Ball

  	
   

  
	
   

  	
  LOWELL BALLExhibit 10.16

 

FIRST
AMENDMENT TO

AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO
AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Amendment”) is made effective
as of the 3rd day of February, 2006 (the “Effective Date”) by and between BEAZER
HOMES USA, INC., a Delaware corporation (the “Company”), and MICHAEL T.
RAND, an individual resident of the State of Georgia (“Executive”).

 

WITNESSETH:

 

WHEREAS, the Company and
Executive have heretofore entered into an Amended And Restated Employment
Agreement made effective as of September 1, 2004 (the “Existing Agreement”);
and

 

WHEREAS, the Company and
Executive desire to amend certain provisions of the Existing Agreement as
provided herein.

 

NOW, THEREFORE, in consideration of the premises and
of the mutual covenants and agreements herein contained, the Company and
Executive hereby agree as follows:

 

1.     Section 6(a)(i) of the Existing
Agreement is hereby amended by deleting the second (2nd) sentence thereof and
substituting the following in place thereof:

 

“Anything contained herein to the contrary
notwithstanding, the timing of payment by the Company of any deferred
compensation shall remain subject to the terms and conditions of the applicable
deferred compensation plan and any payment election previously made by the
Executive; provided, however,
that, if at the time of Termination, Executive is a “specified employee” within
the meaning of Section 409A of the Internal Revenue Code, as amended, then
payments shall not be made before the date which is six (6) months after
the date of separation from service with the Company (or, if earlier, the date
of the Executive’s death).”

 

2.     Section 7(a) of the Existing
Agreement is hereby amended by adding New Mexico to the list of the States in
which the existing Business of the Company currently extends.

 

3.     Subsection (v) of Section 7(a) of
the Existing Agreement is hereby amended by deleting same and substituting the
following in place thereof:

 

“(v)                           Be or become a shareholder, joint venturer,
owner (in whole or in part), or partner, or be or become associated with or
have any proprietary or financial interest in or of any firm, corporation,
association or other entity which is engaged in or is carrying on any business
which is similar to or in competition with the Business of the Company in the
Restricted Area (a “Competing Entity”). Notwithstanding the preceding sentence,
(A) passive equity investments by Executive of $100,000 or less in any
Competing Entity, or (B) investments, in any amount, in any publicly
traded mutual fund, index fund or similar investment vehicle which fund or
investment vehicle owns any proprietary or financial interest in any Competing
Entity, shall not be deemed to violate this Section 7(a)(v).”

 

3.     Except as and to
the extent amended hereby, the Existing Agreement is hereby ratified and
confirmed in all respects and remains in full force and effect in accordance
with the terms thereof. By signing below, the Company and Executive hereby (i) consent
to all of the terms of this First Amendment, (ii) ratify and confirm their
respective obligations under the Existing Agreement, (iii) agree that said
obligations are and shall remain in full force and effect, as amended by this
First Amendment.

 

 

IN WITNESS WHEREOF, the parties hereto have executed this FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT
AGREEMENT effective as of the date first written above.

 

	
   

  	
  BEAZER HOMES USA, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
       /s/ Ian J. McCarthy

  	
   

  
	
   

  	
  Name: Ian J. McCarthy

  
	
   

  	
  Title: President and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
            /s/
  Michael T. Rand

  	
   

  
	
   

  	
  MICHAEL T. RANDExhibit 10.17

 

FIRST
AMENDMENT TO

AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (this “Amendment”) is made effective as of the 3rd day of
February, 2006 (the “Effective Date”) by and between BEAZER HOMES USA, INC., a
Delaware corporation (the “Company”), and JOHN SKELTON, an individual resident
of the State of Georgia (“Executive”).

 

WITNESSETH:

 

WHEREAS, the Company and Executive have
heretofore entered into an Amended And Restated Employment Agreement made
effective as of September 1, 2004 (the “Existing Agreement”); and

 

WHEREAS, the Company and Executive desire to
amend certain provisions of the Existing Agreement as provided herein.

 

NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and
agreements herein contained, the Company and Executive hereby agree as follows:

 

1.     Section 6(a)(i) of the Existing Agreement is
hereby amended by deleting the second (2nd) sentence thereof and substituting
the following in place thereof:

 

“Anything
contained herein to the contrary notwithstanding, the timing of payment by the
Company of any deferred compensation shall remain subject to the terms and
conditions of the applicable deferred compensation plan and any payment
election previously made by the Executive; provided,
however, that, if at the time of Termination, Executive is a “specified
employee” within the meaning of Section 409A of the Internal Revenue Code, as
amended, then payments shall not be made before the date which is six (6)
months after the date of separation from service with the Company (or, if
earlier, the date of the Executive’s death).”

 

2.     Section 7(a) of the Existing Agreement is
hereby amended by adding New Mexico to the list of the States in which the
existing Business of the Company currently extends.

 

3.     Subsection (v) of Section 7(a) of the
Existing Agreement is hereby amended by deleting same and substituting the
following in place thereof:

 

“(v)         Be or become a shareholder, joint venturer,
owner (in whole or in part), or partner, or be or become associated with or
have any proprietary or financial interest in or of any firm, corporation,
association or other entity which is engaged in or is carrying on any business
which is similar to or in competition with the Business of the Company in the
Restricted Area (a “Competing Entity”). Notwithstanding the preceding sentence,
(A) passive equity investments by Executive of $100,000 or less in any
Competing Entity, or (B) investments, in any amount, in any publicly traded
mutual fund, index fund or similar investment vehicle which fund or investment
vehicle owns any proprietary or financial interest in any Competing Entity,
shall not be deemed to violate this Section 7(a)(v).”

 

3.     Except
as and to the extent amended hereby, the Existing Agreement is hereby ratified
and confirmed in all respects and remains in full force and effect in
accordance with the terms thereof. By signing below, the Company and Executive
hereby (i) consent to all of the terms of this First Amendment, (ii) ratify and
confirm their respective obligations under the Existing Agreement, (iii) agree
that said obligations are and shall remain in full force and effect, as amended
by this First Amendment.

 

 

IN WITNESS WHEREOF, the parties hereto have executed this FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT
AGREEMENT effective as of the date first written above.

 

	
   

  	
  BEAZER HOMES USA, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ian J. McCarthy

  	
   

  
	
   

  	
  Name:
  Ian J. McCarthy

  
	
   

  	
  Title:
  President and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ John Skelton

  	
   

  
	
   

  	
  JOHN SKELTON

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