Document:

EX-10.1

EXHIBIT 10.1

COMMITMENT AND ACCEPTANCE

This Commitment and Acceptance (this “Commitment and Acceptance”) dated as of March 27,
2006, is entered into among the parties listed on the signature pages hereof. Capitalized terms
used herein and not otherwise defined herein shall have the meanings attributed to them in the
Credit Agreement (as defined below).

PRELIMINARY STATEMENTS

Reference is made to that certain Credit Agreement dated as of December 7, 2005, by and
among NVR, Inc., a Delaware corporation (the “Company”), JPMorgan Chase Bank, N.A., as
Administrative Agent, and the Lenders that are parties thereto (as the same may from time to time
be amended, modified, supplemented or restated, in whole or in part and without limitation as to
amount, terms, conditions or covenants, the “Credit Agreement”).

Pursuant to Section 2.14 of the Credit Agreement, the Company has requested an increase in the
Aggregate Commitment from $400,000,000 to $445,000,000. Such increase in the Aggregate Commitment
is to become effective on March 27, 2006. In connection with such requested increase in the
Aggregate Commitment, the Borrower, Administrative Agent and Washington Mutual Bank, FA (“Accepting
Lender”) hereby agree as follows:

1. ACCEPTING LENDER’S COMMITMENT. Effective as of the Increase Date, Accepting
Lender shall become a party to the Credit Agreement as a Lender, shall have all of the rights and
obligations of a Lender thereunder, shall agree to be bound by the terms and provisions thereof and
shall thereupon have a Commitment under and for purposes of the Credit Agreement in an amount equal
to the amount set forth opposite Accepting Lender’s name on the signature pages hereof.

2. REPRESENTATIONS AND AGREEMENTS OF ACCEPTING BANK. Accepting Lender (a) represents
and warrants that (i) it has full power and authority, and has taken all action necessary, to
execute and deliver this Commitment and Acceptance and to consummate the transactions contemplated
hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if
any, specified in the Credit Agreement that are required to be satisfied by it in order to become a
Lender, (iii) from and after the Increase Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and shall have the obligations of a Lender thereunder, (iv) it has
received a copy of the Credit Agreement, together with copies of the most recent financial
statements delivered pursuant to Section 6.04(a) and (b) thereof, as applicable,
and such other documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Commitment and Acceptance on the basis of which it has
made such analysis and decision independently and without reliance on the Administrative Agent or
any other Lender, and (v) if it is a Foreign Lender, it has delivered any documentation required to
be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by
the Accepting Lender; and (b) agrees that (i) it will, independently and without reliance on the
Agent or any other Lender, and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under the
Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations
which by the terms of the Loan Documents are required to be performed by it as a Lender.

3. REPRESENTATION OF BORROWER. The Borrower hereby represents and warrants that, as
of the date hereof and as of the Increase Date, (a) no event or condition shall have occurred and
then be continuing which constitutes a Default or Unmatured Default and (b) the representations and
warranties of the Borrower contained in the Credit Agreement are true and correct in all material
respects (except to the extent any such representation or warranty is stated to relate solely to an
earlier date).

4. ADMINISTRATIVE AGENT’S FEE. On or before the Increase Date, the Borrower shall
pay to the Administrative Agent an administrative fee in the amount of $3,500.00.

5. GOVERNING LAW. This Commitment and Acceptance shall be governed by the internal
law, and not the law of conflicts, of the State of New York.

1

IN WITNESS WHEREOF, the parties hereto have executed this Commitment and Acceptance by their
duly authorized officers as of the date first above written.

	 	 	 
	 
	 	 
	 
	 	 
	
 
	 	BORROWER:
	 
	 	 
	
 
	 	NVR, INC.
	 
	 	 
	
 
	 	By: /s/ Dennis M. Seremet 
	
 
	 	 
	 
	 	 
	
 
	 	Name: Dennis M. Seremet 
	
 
	 	 
	 
	 	 
	
 
	 	Title: Vice President and Chief Financial Officer 
	
 
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	
 
	 	ADMINISTRATIVE AGENT:
	 
	 	 
	
 
	 	JPMORGAN CHASE BANK, N.A., as Administrative Agent
	 
	 	 
	
 
	 	By: /s/ F. Patt Schiewitz 
	
 
	 	 
	 
	 	 
	
 
	 	Name: F. Patt Schiewitz 
	
 
	 	 
	 
	 	 
	
 
	 	Title: Managing Director 
	
 
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	COMMITMENT:                               

	 	ACCEPTING LENDER:
	 
	 	 
	$45,000,000

	 	WASHINGTON MUTUAL BANK, FA
	 
	 	 
	
 
	 	By: /s/ Brad Johnson 
	
 
	 	 
	 
	 	 
	
 
	 	Name: Brad Johnson 
	
 
	 	 
	 
	 	 
	
 
	 	Title: Vice President 
	
 
	 	 
	 
	 	 

2EX-10.1

HERBALIFE LTD.

INDEPENDENT DIRECTORS DEFERRED COMPENSATION AND STOCK UNIT PLAN

Amendment No. 1

Pursuant to Section 9 of the Herbalife Ltd. Independent Directors Deferred Compensation and
Stock Unit Plan (the “Plan”), the Plan is hereby amended as follows, effective as of March
16, 2006:

1. Section 6(a) of the Plan is hereby deleted in its entirety and replace with the following:

“(a) Contributions to Deferral Accounts.

(i) Subject to Sections 6(a)(ii) and 6(a)(iii) of this Independent Directors Plan, an
Independent Director may elect to defer and have credited to his or her Deferral Account for
any calendar year up to one hundred percent (100%) of his or her Director’s Compensation (as
defined below). In addition, pursuant to Section 5(e)(i) of this Independent Directors
Plan, on each Grant Date the Stock Units awarded to an Independent Director pursuant to
Section 5 of this Independent Directors Plan shall be automatically credited to the
applicable Independent Director’s Deferral Account. For purposes of this Independent
Directors Plan, the term “Director’s Compensation” means the amounts payable in cash
to an Independent Director for a calendar year for the Independent Director’s service on the
Board for such calendar year including, without limitation, annual retainer and meeting
fees.

(ii) Independent Directors shall make their elections to defer all or a portion of
their Director’s Compensation for a calendar year by December 1, but no later than December
31, immediately prior to the beginning of the calendar year in which the Director’s
Compensation is to be earned, or not later than thirty (30) calendar days following
notification of eligibility to participate for a partial calendar year (with respect to
Director’s Compensation not yet earned). Any election pursuant to Section 6(a)(i) of this
Independent Directors Plan shall be made by the Independent Director by completing and
delivering to the Company an election form provided by the Company (a “Deferral Election
Form”) for such calendar year no later than the last day of the next preceding calendar
year, except with respect to a person who first becomes eligible to participate in this
Independent Directors Plan during a calendar year, which Independent Director may make such
elections within 30 days after first becoming eligible to participate in this Independent
Directors Plan, and which elections shall apply only to amounts of Director’s Compensation
paid for services to be performed after the date of such election.

(iii) All deferral elections shall be irrevocable for the calendar year in which they
are in effect. Once made, an Independent Director’s deferral election shall remain in
effect for all subsequent calendar years for which the Independent Director is an
Independent Director unless and until the Independent Director increases, decreases, or
terminates such election by submitting a new Deferral Election Form to the Company.
Deferral election changes must be submitted to the Company no later than the last day of the
calendar year next preceding the calendar year for which the change is to be effective.”

2. Section 6(b)(i) of the Plan is hereby deleted in its entirety and replace with the
following:

“(i) Distribution Elections. Other with respect to Stock Units awarded on the
Effective Date, no later than the December 31 of each calendar year, each Independent
Director who is then eligible to receive an award of Stock Units pursuant to Section 5 of
this Independent Directors Plan shall be required to complete and submit to the Committee an
election on a form provided by the Company (a “Distribution Election Form”) as to
the timing and form of distributions from his or her Deferral Account with respect to
amounts attributable to (i) the Stock Units awarded on the next following Grant Date and
(ii) any Director’s Compensation deferred pursuant to Section 6(a) of this Independent
Directors Plan with respect to the next following calendar year. If no valid distribution
election is made with respect to an award of Stock Units, the portion of the Participant’s
Deferral Account that is attributable to such award shall be distributed, subject to
Section 5(e)(iii) of this Independent Directors Plan, in the form of a lump sum payment on
the third anniversary of the Grant Date of such award. If no valid distribution election is
made with respect to Director’s Compensation deferred pursuant to Section 6(a) of this
Independent Directors Plan, the portion of the Participant’s Deferral Account that is
attributable to such amounts shall be distributed in the form of a lump sum payment on the
third anniversary of the Grant Date of such award. ”

3. Section 6(b)(ii)(3) of the Plan is hereby deleted in its entirety and replace with the
following:

“(3) Separate Annual Elections. Any desired In-Service Distribution must be
separately elected for each Stock Unit award and for any Director’s Compensation deferred in
any one calendar year. Thus, to elect a scheduled In-Service Distribution with respect to a
specific year’s Stock Units and Director’s Compensation, a new Distribution Election Form
must be submitted during the applicable election period. Once the applicable election
period has passed, an In-Service Distribution may not be elected for that the portion of the
Participant’s Deferral Account attributable to Stock Units awarded and Director’s
Compensation earned in that year.”

4. Section 6(c)(i) of the Plan is hereby deleted in its entirety and replace with the
following:

“(i) Participants’ Accounts. The Company shall establish and maintain an
individual bookkeeping Deferral Account for each Participant. Each Deferral Account shall
be credited with Stock Units in accordance with Section 6(a) of this Independent Directors
Plan, generally within five (5) business days of the third anniversary of the applicable
Grant Date, and as provided in Section 6(c)(ii). Each Deferral Account shall be credited
with the value of any Director’s Compensation deferred in accordance with Section 6(a) of
this Independent Directors Plan, generally within five (5) business days of the date on
which such amounts would have otherwise been paid to the applicable Independent Director,
and as provided in Section 6(c)(ii). Each Participant shall be fully vested in his or her
Deferral Account at all times.”

Except as modified by this Amendment No. 1, the Plan shall remain unchanged and shall remain
in full force and effect.

IN WITNESS WHEREOF, this Amendment No. 1 is approved and duly executed as of the day and year first
written above by the undersigned authorized individual.

/s/ Gregory L. Probert

Gregory L. Probert

President & Chief Operating Officer

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