Document:

Form of Stock Option Agreement

 Exhibit 10.16 
 WCI COMMUNITIES, INC. 
 STOCK OPTION AGREEMENT 
 2004 Stock Incentive Plan of WCI Communities, Inc. 
 This Stock Option Agreement is entered into as of the 16th day of February 2005 (the “Option Date”) by and between WCI Communities, Inc., a Delaware corporation (the “Company”) and
            (the “Participant”). 
 RECITALS 

In consideration of the services performed and to be performed by Participant, the Company has determined that it is in the best interests of the
Company to grant Participant options to purchase common stock of the Company (the “Shares”) pursuant to the 2004 Stock Incentive Plan of WCI Communities, Inc. (the “Plan”), which has been approved by the Company’s
shareholders. Capitalized terms used herein shall have the meaning ascribed to them in the Plan, a copy of which is available to Participant from the Company’s Human Resources Department. 
 TERMS AND CONDITIONS OF OPTION 
 1. Grant of Option. The Company hereby
grants to Participant the right and option (the “Option”) to purchase all or any part of an aggregate of
            (            ) Shares (the “Option Shares”) on the terms and conditions set forth herein. The
Option granted herein are incentive stock options to the maximum extent permissible pursuant to §422 of the Internal Revenue Code. 
 2. Purchase Price. The purchase price for the Option Shares shall be              Dollars per Share, which is the fair market value of the Shares as of the
Option Date. 
 3. Term of Options. The term of the Option granted hereunder shall be for a period commencing on the Option Date and
ending ten (10) years after the Option Date, subject to the earlier termination as provided in Sections 8 and 11. The Option may be exercised within the foregoing limitations at any time or from time to time after such Option vests as provided
in Section 4, as to any part or all of the Shares covered thereby. 
 4. Vesting of Option. The Option shall vest and become
exercisable in the following amounts on the following dates: 
  

			
	 Vested Amount
	  	 Date of Vesting

	 50 percent of Option
	  	January 1, 2007
	 25 percent of Option
	  	January 1, 2008
	 25 percent of Option
	  	January 1, 2009

  

 Page 1 – Stock Option Agreement 

 5. Method of Exercise. The Option shall be exercised by written notice directed to the Legal
Department (Attention: General Counsel/Corporate Secretary), at the Company’s principal place of business specifying the number of Option Shares being exercised and the method of payment as provided in Section 6. Upon receipt of payment,
the Company shall deliver to Participant certificates evidencing the Option Shares purchased by Participant. 
 6. Payment of Purchase
Price. Participant shall pay for any Option Shares in (i) cash, (ii) company cashless exchange or (iii) broker’s cashless exchange. 
 7. Non-transferability. This Option shall be transferable only by will or the laws of descent and distribution and shall be exercised during Participant’s life only by Participant or a legal representative
appointed for or by the Participant. Except as permitted by the preceding sentence, this Option, or any rights or privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated in any way, whether by operation of law or
otherwise, and shall not be subject to execution, attachment or similar process. Upon any attempted transfer, assignment, pledge, hypothecation or other disposition of this Option, or any right or privilege conferred hereby, contrary to the
provisions hereof, or upon the levy of any attachment or similar process upon this Option, or any right or privilege conferred hereby, this Option and such rights or privileges, shall immediately become null and void. 
 8. Termination of Option. Except as otherwise provided in this Stock Option Agreement, this Option shall terminate as determined below:

 (a) In the event that Participant dies while employed by the Company or in the event that Participant’s employment
terminates by reason of disability, the vested portion of the Option not previously exercised, to the extent vested, may be exercised by Participant or Participant’s personal representative during the twelve (12) month period commencing
upon the date of Participant’s death or the effective date of Participant’s termination of employment by reason of disability. Any portion of the Option not exercised prior to or during such twelve (12) month period shall terminate.
For the purposes of this Stock Option Agreement, a Participant’s employment shall be considered to have terminated by reason of disability upon determination that he is disabled under the Company’s long term disability policy. 

(b) In the event that Participant’s employment is terminated for cause, any portion of the Option not exercised prior to the date
of termination shall terminate immediately. For the purposes of this Stock Option Agreement, Participant’s employment shall be deemed terminated for cause if his employment is terminated for any of the following: 
 (i) Participant’s willful and continued failure to perform his duties with respect to the Company or its subsidiaries which continues
beyond 10 days after a written demand for substantial performance is delivered to Participant by the Company; 
 (ii)
Misconduct by Participant involving dishonesty or breach of trust in connection with Participant’s employment; 
  

 Page 2 – Stock Option Agreement 

 (iii) Misconduct by Participant which would be a reasonable basis for an indictment of
Participant for a felony or a misdemeanor involving moral turpitude; or 
 (iv) Misconduct by Participant that results in a
demonstrable injury to the Company. 
 (c) Subject to the exception below, in the event that Participant’s employment is
terminated for any reason other than death, disability or cause, including a voluntary termination for any reason by Participant, the vested portion of the Option not previously exercised may be exercised by Participant during the thirty
(30) day period commencing upon the effective date of Participant’s termination and any portion of the Option not exercised prior to or during such thirty (30) day period shall terminate. Notwithstanding the foregoing, following a
“Change in Control” (as defined in the Plan), (i) upon the involuntary termination of Participant’s employment for any reason other than death, disability or termination for cause during the one (1) year period commencing
upon the occurrence of the Change in Control, or (ii) upon termination of employment by Participant for “Good Reason” (as defined in the Plan) during the one (1) year period commencing upon the occurrence of the Change in
Control, the Option, to the extent not previously vested pursuant to the terms of this Stock Option Agreement, shall immediately vest in full and Participant shall have until the expiration of the term of the Option (as set forth in Section 3
of this Stock Option Agreement) to exercise the vested and unexercised portion of the Option. Any portion of the Option not exercised by the expiration of the term of the Option shall terminate. 
 9. Transfers and Leaves of Absence. The transfer of a Participant’s employment, without an intervening period of separation, among the
Company and any subsidiary, shall not be deemed a termination of employment. A Participant who is granted a leave of absence, in writing, shall be deemed to have remained in the employment of the Company during such leave of absence. 
 10. Adjustments. In the event of any change in the outstanding common stock of the Company by reason of a stock split, spin-off, stock dividend,
stock combination or reclassification, reorganization, recapitalization, merger, consolidation or similar event, the Committee shall adjust proportionately the number of Shares covered by the Options and the purchase prices for the Option Shares and
make such other revisions to outstanding Options as the Committee deems to be equitably required. 
 11. Change in Control. In the
event of a Change in Control, as defined in the plan, the Company may, in its absolute discretion and without liability to any person, take such actions as it deems necessary or desirable including, without limitation, (a) acceleration of the
exercisability of the Option; (b) the payment of a cash amount in exchange for the cancellation of an Option; and (c) the requiring of the issuance of substitute benefits that will substantially preserve the value, rights and benefits of
any affected Option; provided, however, that any Options that remain exercisable after such Change in Control, shall be exercisable only for the kind and amount of securities and other property, or the cash equivalent thereof (as determined by the
Company in good faith) receivable as a result of such event by the holder of a number of Shares for which such Option could have been exercised immediately prior to such event. 
  

 Page 3 – Stock Option Agreement 

 Notwithstanding the foregoing, after a Change in Control, (i) upon the involuntary termination of
Participant’s employment for any reason other than death, disability or termination for cause during the one (1) year period commencing upon the occurrence of the Change in Control, or (ii) upon termination of employment by
Participant for “Good Reason” (as defined in the Plan), during the one (1) year period commencing upon the occurrence of the Change in Control, the Option, to the extent not previously vested pursuant to the terms of this Stock Option
Agreement shall immediately vest in full and be exercisable in accordance with Section 8 (c) above. 
 12. Amendment and
Termination. This Stock Option Agreement may be modified by the Company in any manner which is consistent with the Plan, provided that no such amendment shall modify this Agreement in any manner adverse to Participant without Participant’s
written consent. 
 13. Withholding Taxes. The Company’s obligation to deliver Shares upon exercise of an Option is conditioned
upon Participant’s payment to the Company of such amount as may be requested by the Company for purposes of depositing any federal, state or local income or other taxes required by law to be withheld with respect to the delivery of the Shares.
The participant may direct the Company to withhold Shares to cover such required withholding amounts. 
 14. Limitations and Conditions.

 (a) Nothing contained herein shall affect the right of the Company to terminate any Participant’s employment at any time for any
reason. 
 (b) Participant shall not be, and shall not have any of the rights or privileges of, a stockholder of the Company in respect of
any Shares as to which Options are granted hereunder unless and until certificates representing any such Shares have been issued by the Company to Participant. 
 (c) The Options shall not be deemed compensation for purposes of computing benefits or contributions under any retirement plan of the Company or its subsidiaries and shall not affect any benefits under any other
benefit plan of any kind now or subsequently in effect under which the availability or amount of benefits is related to level of compensation. 
 (d) Any notice to be given under the terms of this Stock Option Agreement to the Company shall be addressed to the Company in care of its General Counsel/Corporate Secretary, and any notice to be given to Participant shall be addressed to
him at his address on the books of the Company. By a notice given pursuant to this Section, either party may designate a different address for notices to be given. Any notice shall have been deemed duly given when enclosed in a properly sealed
envelope addressed as aforesaid, deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service, or sent by overnight delivery or facsimile. 
 (e) Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Stock Option Agreement.

 (f) The masculine pronoun shall include the feminine and neuter, and the singular the plural, where the context so indicates. 

(g) The laws of the State of Florida shall govern the interpretation, validity and performance of the terms of this Stock Option Agreement.

  

 Page 4 – Stock Option Agreement 

 IN WITNESS WHEREOF, the Company has executed this Stock Option Agreement and Participant has
accepted this Stock Option Agreement, including all of the terms and conditions hereof, which constitute a contract between the Company and Participant, as of the day and year first above written. 
  

			
	WCI COMMUNITIES, INC.
		
	By:	 	 

	Title:	 	Sr. Vice President/HR

  

	
	Accepted by Participant this
	
	     day of         , 2005
	
	  

  

 Page 5 – Stock Option AgreementForm of 2007 Severance Agreement

 Exhibit 10.34 
 SEVERANCE AND NONSOLICITATION AGREEMENT 
 THIS AGREEMENT is made and entered into on this 19th day of March, 2007, by and between WCI COMMUNITIES, INC. (“WCI”), a
Delaware corporation, and Name (the “Employee”). 
 RECITALS: 
  

	 	A.	Employee is the Position of WCI, and is an employee of WCI and/or one or more of it subsidiaries. 

  

	 	B.	Employee is not now a party to any employment agreement with WCI or any of its subsidiaries. 

  

	 	C.	WCI would like to provide some assurance to Employee that if there is a change in control of WCI and within twelve months after such change in control, Employee’s employment is
terminated, Employee will receive certain severance payments, provided Employee does not solicit any employees of WCI or its subsidiaries. 

 NOW, THEREFORE, IN CONSIDERATION of the recitals and the mutual agreements herein set forth, the parties agree as follows: 
 1. Definitions. The following terms, which are used in this Agreement, are defined as follows: 
 a. “Base Salary” means the amount of Employee’s base salary (without inclusion of any bonus) in effect immediately prior to a Change in Control. 
 b. “Cause” means: (i) any act of willful misconduct or dishonesty by Employee in the performance of his duties;
(ii) any willful and persistent failure by Employee to attend to his/her duties; or (iii) any action by Employee which would constitute a violation of the provisions of this Agreement under the headings “Nonsolicitation” and
“Confidentiality and Nondisclosure” if such actions occurred during the Nonsolicitation Restricted Period; or (iv) Employee’s conviction of (or pleading guilty or nolo contendere to) any felony, or of a criminal offense
resulting in imprisonment, or of any misdemeanor involving theft, embezzlement, dishonesty or moral turpitude. 
 c.
“Change in Control” means the occurrence of any of the following events: 
 (i) any “Person”
within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended, or any successor thereto (the “Act”) (other than WCI or any company owned, directly or indirectly, by the shareholders of
WCI in substantially the same proportions as their ownership of stock of WCI) becomes the “Beneficial Owner” within the meaning of Rule 13d-3 

 
promulgated under the Act of 35% or more of the combined voting power of the then outstanding securities of WCI entitled to vote generally in the election of
directors (the “Outstanding Company Voting Securities”); excluding, however, any circumstance in which such beneficial ownership resulted from any acquisition by an employee benefit plan (or related trust) sponsored or maintained by
WCI or by any corporation controlling, controlled by, or under common control with, WCI; ; or 
 (ii) a change in the
composition of the Board since the effective date of this Agreement (“Effective Date”), such that the individuals who, as of such date, constituted the Board (the “Incumbent Board”) cease for any reason to constitute at
least a majority of such Board; provided that any individual who becomes a director of WCI subsequent to the Effective Date whose election, or nomination for election by WCI’s stockholders, was approved by the vote of at least two-thirds of the
directors then comprising the Incumbent Board shall be deemed a member of the Incumbent Board; and provided further, that any individual who was initially elected as a director of WCI as a result of an actual or threatened election contest, as such
terms are used in Rule 14a-12 of Regulation 14A promulgated under the Act, or any other actual or threatened solicitation of proxies or consents by or on behalf of any person or entity other than the Board shall not be deemed a member of
the Incumbent Board; or 
 (iii) a reorganization, recapitalization, merger or consolidation (a “Corporate
Transaction”) involving WCI, unless securities representing more than 50% of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of WCI or the corporation resulting
from such Corporate Transaction (or the parent of such corporation) are held subsequent to such transaction by the person or persons who were the beneficial holders of the Outstanding Company Voting Securities immediately prior to such Corporate
Transaction, in substantially the same proportions as their ownership immediately prior to such Corporate Transaction; or 
 (iv) the sale, transfer or other disposition of all or substantially all of the assets of WCI. 
 d.
“Company” means WCI and each of its Subsidiaries. 
 e. “Good Reason” means, following a
Change in Control: (i) any material reduction in Employee’s salary below the level of Base Salary or (ii) any material adverse change in Employee’s duties, title or responsibilities; provided, however, that Good Reason shall not
be deemed to have occurred unless Employee gives WCI thirty (30) days written notice, and within such thirty (30) day period, the Company does not restore Employee’s Base Salary or restore Employee to the prior position, in which
event Good Reason shall be deemed to have occurred at the time of the giving of such written notice. 
  

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 f. “Nonsolicitation Restricted Period” means a period of twelve
(12) months which begins on the date of Termination and ends twelve (12) months after the date of Termination. 
 g. “Severance” means cash payments equal to Number of Months months of Base Salary, payable monthly. 
 h. “Subsidiary” means each entity (including, without limitation, every corporation, partnership, limited partnership, limited liability company, trust and joint venture) in which WCI owns, or has the
right to acquire, directly or indirectly, a controlling interest. 
 i. “Termination” means the termination
of Employee’s employment with the Company by the Company, other than for Cause, or the termination of such employment by Employee for Good Reason, in either case at any time within the twelve (12) months following a Change of Control.

 j. “WCI” means WCI Communities, Inc., and any successor in connection with any restructuring of WCI
Communities, Inc. which does not result in a Change in Control. 
 2. Severance 
 a. Basis for Payment. If, within twelve (12) months following a Change in Control, Employee’s employment is terminated by
Company, other than for Cause, or if within such twelve (12) month period, Employee terminates his/her employment with the Company for Good Reason, Employee will be entitled to receive Severance. 
 b. Payment of Severance. Severance will be paid by WCI in Number of Payments equal monthly installments, beginning with the
month after the month in which Termination occurred. Severance shall terminate if, during the Nonsolicitation Restricted Period, Employee violates any of the provisions of this Agreement under the headings “Nonsolicitation” and
“Confidentiality and Nondisclosure”. Termination of WCI’s obligations to pay Severance under this Section 2.b shall not release Employee from his/her obligations under this Agreement. 
 3. Effect of Death or Disability. 
 a. During Employment. All of the obligations of WCI hereunder, including the obligation of WCI to pay Severance, will terminate upon a termination of employment as a result of death or disability. 

b. During Nonsolicitation Restricted Period. In the event of the death or disability of Employee during the Nonsolicitation
Restricted Period, Severance shall terminate as of the date of death, and Employee or his/her personal representative shall be entitled to receive any payments of Severance accrued (on a per diem basis) but unpaid as of the date of death.

  

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 4. Nonsolicitation. During the Nonsolicitation Restricted Period, Employee shall not solicit any
person who was an employee of or consultant to the Company at any time within three (3) months prior to Termination to accept employment with Employee, with Employee’s new employer, or with any other person or entity, or encourage any
person to terminate his/her employment or consultant relationship with the Company, or assist any person or entity, including Employee’s new employer, in identifying employees of or consultants to the Company to solicit for employment or
consulting relationships, or in any way assist any person or entity, including Employee’s new employer, in solicitation of any employee of or consultant to the Company, nor except with the prior written consent of WCI, shall Employee hire, or
cause or permit any entity controlled directly or indirectly by Employee to hire, any person as an employee or consultant who was, at any time within three (3) months prior to Termination, an employee of the Company. 
 5. Confidentiality and Nondisclosure. Employee agrees that he/she shall not use or disclose to third parties any confidential information of the
Company. All files, records, documents, data and similar items relating to the Company, as well as all copies thereof, whether prepared by Employee or otherwise coming into his/her possession, shall remain the exclusive property of the Company and
shall immediately be returned to the Company upon termination of Employee’s employment. Employee’s obligations under this section shall continue while he/she is an employee of the Company, and after termination of the employment so long as
the Company derives value from such confidential information remaining confidential. 
 6. Release. As a condition to the payment of
Severance, Employee will execute a complete release in the form of Exhibit A. 
 7. Restrictions Reasonable. Employee acknowledges
that the restrictions under the sections headed “Nonsolicitation” and “Confidentiality and Nondisclosure” are reasonable and necessary to protect the legitimate interests of WCI and do not cause Employee undue hardship.

 8. Equitable Relief. Employee hereby acknowledges and agrees that the Company and its goodwill would be irreparably injured by, and
that damages at law are an insufficient remedy for, a breach or violation of the provisions of this Agreement, and agrees that the Company, in addition to other remedies available to it for such breach, shall be entitled to a preliminary injunction,
temporary restraining order, or other equivalent relief, restraining Employee from any actual breach of the provisions hereof, and that WCI’s rights to such equitable relief shall be cumulative and in addition to any other rights or remedies to
which WCI may be entitled. 
 9. Fiduciary Obligations of Employee; Other Rights of the Company. The provisions of this Agreement, are
not intended to limit the fiduciary and other obligations of the Employee, if any, to the Company under applicable law, and in no event shall this Agreement, be interpreted to release or limit any of Employee’s obligations to the Company
provided by law. 
 10. Notices. Any notice, request, instruction, or other document to be given hereunder shall be in writing and
shall be deemed to have been given: (a) on the day of receipt, if sent by overnight courier; (b) upon receipt, if given in person; (c) five days after being deposited in the mail, certified or registered mail, postage prepaid, and in
any case addressed as follows: 
  

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 If to WCI: 
 Senior Vice President 
 Human Resources Department 
 24301 Walden Center Dr. 
 Bonita Springs, FL 34134 
 If to the Employee: 
 Name and Address 
 or to such other
address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party. 
 11.
Choice of Law; Venue. This Agreement is made and entered into in the State of Florida. All of the terms and provisions of this Agreement are governed by, and shall be interpreted in accordance with, the laws of the State of Florida. Each of
the parties irrevocably consents to exclusive jurisdiction and venue in the Florida state courts located in Naples, Florida, and in the Federal district court which includes Naples, Florida. 
 12. Legal Fees and Expenses. The prevailing party in any litigation to enforce the terms of this Agreement shall be entitled to recover reasonable
costs and expenses, including attorneys’ fees. 
 13. Exclusive Agreement Regarding Severance. The provisions regarding severance
in this Agreement are in lieu of any other severance policy of the Company which might otherwise be applicable to Employee. 
 14. At-Will
Employment. Employee understands and acknowledges that his/her employment with the Company is for an unspecified duration and constitutes “at-will” employment, unless he/she and the Company enter into a written employment agreement
signed by the Chief Executive Officer of WCI. Employee acknowledges that, unless such an employment agreement is entered into, his/her employment relationship with the Company may be terminated at any time, with or without Cause at the option either
of the Company or Employee, with or without notice. 
 15. Successors and Assigns. This Agreement shall be binding upon, and shall
inure to the benefit of, the parties hereto and to their successors, assigns and personal representatives. 
 16. Headings;
References. The headings in this Agreement are inserted for convenience only and shall not be deemed to constitute a part hereof nor to affect the meaning thereof. All section references are to sections of this Agreement, unless otherwise
specified. The terms “hereof” or “herein” or similar terms as used in this Agreement refer to this Agreement as a whole and not to any particular provision or part thereof. 
 17. Compliance with IRC Section 409A. Notwithstanding anything herein to the contrary, (i) if at the time of Employee’s termination
of employment with the Company Employee is a “specified employee” as defined in Section 409A of the Internal Revenue Code of 

  

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1986, as amended (the “Code”) and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such
termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any
reduction in such payments or benefits ultimately paid or provided to Employee) until the date that is six months following Employee’s termination of employment with the Company (or the earliest date as is permitted under Section 409A of
the Code) and (ii) if any other payments due to Employee hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments shall be deferred if deferral will make such payment compliant
under Section 409A of the Code, or otherwise such payment shall be restructured, to the extent possible, in a manner, determined by the Company, that does not cause such an accelerated or additional tax. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. 
  

					
	 EMPLOYEE
	  		  	WCI COMMUNITIES, INC.
			
	  
	  		  	By:

	 Name
	  		  	Its: Sr. VP Human Resources

  

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 Exhibit A 
 GENERAL RELEASE 
 This General Release is given on this
         day of                             _,
                , by Name (“Employee”) to WCI Communities, Inc., a Delaware Corporation (“WCI”) and to each entity (including, without
limitation, every corporation, partnership, limited partnership, limited liability company, trust and joint venture) in which WCI owns, or has the right to acquire, directly or indirectly, a controlling interest (WCI and all of such other entities
are collectively and individually referred to as the “Company”). 
 WITNESSETH: 
 WHEREAS, Employee and WCI are parties to a Severance and Nonsolicitation Agreement, dated as of March 19, 2007 (the Agreement”), under which
WCI is obligated to pay severance payments upon the occurrence of certain events; and 
 WHEREAS, those events have occurred, and as a
consequence, Employee is entitled to receive the severance payments; and 
 WHEREAS, it is a condition of the payment of severance that
Employee release the Company from any obligation or liability to Employee. 
 NOW, THEREFORE, IN CONSIDERATION of WCI’s agreement to pay
severance to Employee under the provisions of the Agreement: 
 1. General Release. 
 a. Employee hereby agrees not to sue or file any action, claim or lawsuit against the Company, pursue, seek to recover or recover any
alleged damages, seek to obtain or obtain any other form of relief or remedy with respect to, and to take any action to cause the dismissal or withdrawal of, any lawsuit, action, claim or charge against the Company. 
 b. Employee hereby waives all claims and releases and forever discharges, the Company, and each of its officers, directors, stockholders
and employees, from any and all claims, demands, actions, causes of action or liabilities for compensatory damages or any other relief or remedy, and from and against any and all obligations of any kind or nature whatsoever, whether known or
unknown, fixed or contingent, liquidated or unliquidated, and whether arising from tort, statute, or contract, including, but not limited to: 
 (i) any claims arising under or pursuant to Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, the Civil Rights Act of 1866, as amended, the Americans With Disabilities Act, the
Rehabilitation Act, the Family and Medical Leave Act, the Occupational Safety & Health Act, the Executive Retirement Income Security Act of 1974, as amended, the Age Discrimination in Employment Act, Executive Orders 11246 and 11375, the
Worker Adjustment and Retraining Notification Act, the Fair Labor Standards 

  

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Act, any other state, federal, city, county or local statute, rule, regulation, ordinance or order, any claim for future consideration for employment with
the Company; and 
 (ii) any claims for attorneys’ fees and costs and any employment rights or entitlement law; and

 (iii) any claims for wrongful discharge, intentional infliction of emotional distress, defamation, libel or slander,
payment of wages, outrageous behavior, breach of contract or any duty allegedly owed to Employee, and any other theory of recovery. 
 It is
the intention of the parties to make this release as broad and as general as the law permits. Notwithstanding the foregoing, Employee does not release WCI from any obligation to Employee under the Agreement, or from any rights Employee may have
solely in Employee’s capacity as a holder of securities of WCI. 
 2. Waiver of Right to Future Employment. Employee waives and
has no right or entitlement to future employment with the Company. 
 3. Acknowledgements of Employee. 
 a. Employee acknowledges that Employee has been advised to consult with an attorney, at Employee’s own expense, prior to signing this
Release. 
 b. Employee acknowledges that Employee has fully read this Release, understands the contents of this Release, and
agrees to its terms and conditions of Employee’s own free will, knowingly and voluntarily, and without any duress or coercion. 
 c. Employee understands that this is a final general release, and that Employee can make no further claims against the Company having any connection with the events contained herein. Employee also understands that this Release
precludes Employee from recovering any damages or other relief as a result of any lawsuit, grievance, charge or claim that may be brought on Employee’s behalf and arising out of Employee’s employment with the Company, or Employee’s
resignation or separation from employment with the Company. Employee does not release rights that may arise after the termination of Employee’s employment with the Company. 
 d. Employee acknowledges that Employee is receiving adequate consideration for signing this Release. 
 e. Employee acknowledges that this Release is attached to the Agreement, that Employee received a copy of the Agreement, with this form of
release attached on March 

  

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19, 2007, and that Employee has had more than twenty-one (21) days from the date he/she received this Release to consider whether to accept and sign it.

 4. Employee will have seven (7) days from the date Employee signs this Release to revoke Employee’s acceptance of this Release.
Employee acknowledges that until such seven (7) days shall have elapsed, no severance shall be payable by under the Agreement, that if Employee fails to sign this Release, the Company shall not have any obligation to pay severance or noncompete
payments to Employee but Employee shall nevertheless remain bound by the terms of the Severance and Nonsolicitation Agreement. 
  

					
	 Dated:                                 ,
                
	  		  	EMPLOYEE:
			
		  		  	  

		  		  	Name

  

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