Document:

Filed by Bowne Pure Compliance

Exhibit 10.1

Form and Summary of Executive Compensation Notification

Chairman and Chief Executive Officer

2009 Fiscal Year Compensation Program of Chairman and Chief Executive Officer.

2009 Fiscal Year Base Salaries: Table I below sets for the 2009 fiscal year base salaries for
Mr. Horton and Mr. Tomnitz. For the 2009 fiscal year, the Compensation Committee did not change
the base salaries of either Mr. Horton or Mr. Tomnitz beyond the base salaries approved at the
beginning of the prior fiscal year.

Table I

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Annual Base Salary	 	 	Performance Bonus
	Name	 	Office	 	(2009 Fiscal Year)	 	 	(2009 Fiscal Year)
	 
	 	 	 	 	 	 	 	 
	Donald R. Horton
	 	Chairman of the Board	 	$	400,000	 	 	See Below
	 
	 	 	 	 	 	 	 	 
	Donald J. Tomnitz
	 	Vice Chairman, President and CEO	 	$	300,000	 	 	See Below

2000 Amended and Restated Incentive Bonus Plan.

2009 Fiscal Year (Annual) Performance Bonus: The Compensation Committee approved
performance-based goals for measuring short-term performance bonuses that may be earned by Mr.
Horton and Mr. Tomnitz during the 2009 fiscal year. The 2009 performance goals were established
under the Company’s 2000 Amended and Restated Incentive Bonus Plan (the “2000 Restated Plan”). The
2009 fiscal year performance goals for Mr. Horton and Mr. Tomnitz relate to (i) adjusted pre-tax
income, (ii) operating cash flow, and (iii) selling, general and administrative
expense (“SG&A”) containment. These performance goals were further categorized into two components, referred to as the
“First Cash Component” and the “Second Cash and Equity Component” as described below.

First Cash Component — Performance related to Adjusted Pre-Tax Income.

Under the First Cash Component, each of Mr. Horton and Mr. Tomnitz shall have the opportunity
to earn the following cash performance-based bonus:

	 	(1)	 	6.0% of Adjusted Pre-Tax Income of the Company for the month of December 2008
(but not below $0).
	 
	 	(2)	 	2.0% of Adjusted Pre-Tax Income of the Company for the quarter ending March 31,
2009 (but not below $0).
	 
	 	(3)	 	2.0% of Adjusted Pre-Tax Income of the Company for the quarter ending June 30,
2009 (but not below $0).
	 
	 	(4)	 	2.0% of Adjusted Pre-Tax Income of the Company for the quarter ending September
30, 2009 (but not below $0).

 

 

 

“Adjusted Pre-Tax Income” shall mean income before income taxes, excluding inventory
impairments and land option cost write-offs and goodwill impairments, as publicly reported by the
Company in its financial statements prepared in accordance with generally accepted accounting
principles. The financial statements shall mean the consolidated financial statements of the
Company.

Second Cash and Equity Component — Performance based on “Cash Flow” and “SG&A” Containment.

Under the Second Cash and Equity Component, each of Mr. Horton and Mr. Tomnitz may earn a
performance bonus for achieving goals based on relative cash flow and relative SG&A containment
depending upon the ranking of the Company’s performance against the Company’s peer group
performance on the same performance metrics.

For the 2009 fiscal year, the maximum amount that may be earned under a top tier ranking is $4
million, the target amount that may be earned under a middle tier ranking is $2 million and the
minimum amount that may be earned under the bottom tier ranking is $0. After the end of the 2009
fiscal year and upon determination by the Compensation Committee, the performance based bonuses
under the Second Cash and Equity Component may be paid in cash or equity or a combination of both.
Actual amounts earned will depend on the ranking as determined by the Compensation Committee at the
end of the performance period.

2008 Performance Unit Plan.

On November 20, 2008, the Compensation Committee approved an award of long-term performance
units (“Performance Units”) under the 2008 Performance Unit Plan in the amount of 500,000 units to
Donald R. Horton and 400,000 to Donald J. Tomnitz. The award will be made on the first NYSE
trading day following January 1, 2009.

The final payout value of these Performance Units will be determined after the performance
period (January 1, 2009 to September 30, 2011, the “Performance Period”) is completed, after the
Compensation Committee evaluates the achievement of the performance goals and based on the closing
price of the Company’s common stock on the NYSE on September 30, 2011. The performance goals
established for the Performance Units are relative “return on investment” (“ROI”) and relative “net
sales gains percentage” (units) (“NSG%”), as compared to the same metrics of the Company’s peer
group, which consists of ten other publicly traded homebuilding companies.

The
two performance goals for the Performance Units were weighted 50% on the Company’s
relative ROI, and 50% on the Company’s relative NSG%. In
addition, the Performance Units may be adjusted upward (up to 200%) or downward (to 0) from the
initial award amount depending upon the relative ranking of the Company’s performance against the
Company’s peer group performance. The adjusted number of Performance Units will then be multiplied
by the closing price of the Company’s common stock on the last day of the Performance Period and
the final payout amount may be paid in cash, equity or a combination of both. The performance
targets, rankings (minimum, target and maximum), hurdle rates (i.e., must rank better than
9th, 10th or 11th place or the payout will be $0), definitions and
other terms and conditions of the award of the Performance Units are set forth in the form of award
filed herewith as Exhibit 10.4, which is incorporated herein by reference.

 

 

 

Other Long-Term Benefits.

Consistent with prior years, Mr. Horton and Mr. Tomnitz may participate in two separate
deferred compensation plans. The first plan allows the executive to make voluntary income
deferrals. The second plan is a promise by the Company to pay retirement benefits to the executive.
Furthermore, if the executive is employed by the Company on the last day of the current fiscal
year (for example September 30, 2009), then the Company will establish a liability to him equal to
10% of his annual base salary as of first day of the current fiscal year (for example October 1,
2008). This liability will accrue earnings in future years at a rate established by the
administrative committee.Filed by Bowne Pure Compliance

Exhibit 10.2

Form and Summary of Executive Compensation Notification

Other Executive Officers

2009 Fiscal Year Compensation of Certain Other Named Executive Officers.

The Board of Directors also established and approved the 2009 fiscal year annual base salaries
of our other named executive officers. The salaries and other compensation approved are as set
forth below in Table II.

Table II

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Discretionary
	 	 	 	 	Annual Base Salary	 	 	Bonus Plan
	Name	 	Office	 	(2009 Fiscal Year)	 	 	(2009 Fiscal Year)
	 
	 	 	 	 	 	 	 	 
	Bill W. Wheat
	 	Executive Vice President and CFO	 	$	250,000	 	 	See Note II
	 
	 	 	 	 	 	 	 	 
	Stacey H. Dwyer
	 	Executive Vice President and Treasurer	 	$	250,000	 	 	See Note II

Note II:

The Board of Directors may award discretionary bonuses to the executives listed in Table II
above based on the performance of these executives. In addition, Mr. Wheat and Ms. Dwyer may
participate in two separate deferred compensation plans. The first plan allows the executive to
make voluntary income deferrals. The second plan is a promise by the Company to pay retirement
benefits to the executive. Furthermore, if the executive is employed by the Company on the last
day of the current fiscal year (for example September 30, 2009), then the Company will establish a
liability to him or her equal to 10% of his or her annual base salary as of first day of the
current fiscal year (for example October 1, 2008). This liability will accrue earnings in future
years at a rate established by the administrative committee.Filed by Bowne Pure Compliance

Exhibit 10.3

Summary of Board and Committee Compensation

On November 20, 2008, the Board of Directors of the Company approved director fees,
committee member fees and chairperson fees to be paid to
non-management directors of the Company in the current fiscal year. There
was no increase or decrease in board or committee fees from the fees paid in the prior fiscal year.
Director fees, committee fees and chairperson fees are only paid to non-management directors as
summarized below:

Each non-management director will receive a director fee of $10,000 per Board
meeting attended in person or by tele-conference, paid quarterly and not to exceed
$40,000 per year.

Each non-management director who serves on a committee of the Board of Directors
will receive a fee of $1,250 per committee meeting attended in person or by
tele-conference, paid quarterly and not to exceed $5,000 per year.

Each non-management director who serves the chairperson of a committee of the Board
of Directors shall receive a fee of $625 per committee meeting attended in person or
by tele-conference, paid quarterly and not to exceed $2,500 per year.Filed by Bowne Pure Compliance

Exhibit 10.4

D.R. Horton, Inc.

Performance Unit Award

2008 Performance Unit Plan

[_____] Year Performance Unit Award

Dear                     :

You have been granted a Performance Unit Award as of                     
    , 200X by D.R. Horton, Inc.
(the “Company”) of                      Bonus Units under the D.R. Horton 2008 Performance Unit Plan (the
“Plan”), subject to the terms and conditions of the Plan and this Performance Unit Award (referred
to herein as “Award” or “Performance Unit Award”). Bonus Units are defined under the Plan and such
Bonus Units are referred to in this Award as “Performance Units”. A copy of the Plan is attached
to this Award.

This Award is subject to adjustment and other provisions as set forth on Exhibit A hereto (the
“Terms and Conditions”). Depending on the Company’s achievement of the performance goals specified
in the Terms and Conditions during the period beginning [                     and ending                     ] (the
“Performance Period”), you shall be entitled to a payment (in the form of cash, equity or a
combination of both) equal to the value of your adjusted number of Performance Units as of the last
business day of the Performance Period determined under the Terms and Conditions, less deductions
for taxes and withholdings required by law, except as otherwise provided herein.

For purposes of the Plan, (a) this Award is an award of Performance-Based Compensation Award
that may be settled in cash, equity or a combination of both, and (b) amounts payable hereunder
will not bear interest or be entitled to dividends payable on Common Stock. This Award is given to
you as part of your compensation, but is neither voluntary nor contributory by you. This Award is
subject to the Plan in all respects, and the Compensation Committee will decide on the
interpretation of any provision of this Award if there is any ambiguity between the Plan and this
Award. The provisions of the Plan are also provisions of this Award, and all terms, provisions and
definitions set forth in the Plan are incorporated in this Award and made a part of this Award for
all purposes. Capitalized terms used but not defined in this Award will have the meanings assigned
to such terms in the Plan.

 

 

 

Exhibit A to Performance Unit Award — Terms and Conditions of Award

1. Award.

(a) The amount that may be paid to you with respect to the Performance Units shall be based
upon the Company’s achievement of the following performance goals (“Performance Goals”) over the
Performance Period as determined by the Compensation Committee of the Board of Directors of the
Company (or any successor thereto) (the “Committee”): (i) Relative Return on Investment (“ROI”) (as
defined in Section 4), and (ii) Relative Net Sales Gains Percentage (“NSG%”) (as defined in Section
4), in accordance with the following matrix:

	 	 	 	 	 	 	 
	Relative Return on Investment ("ROI")	 
	Performance Level	 	 	 	Performance	 
	Compared to Peer Group	 	Payout	 	Percentage	 
	1st Place
	 	Maximum	 	 	200	%
	2nd Place
	 	 	 	 	175	%
	3rd Place
	 	 	 	 	150	%
	4th Place
	 	 	 	 	125	%
	5th Place
	 	Target	 	 	100	%
	6th Place
	 	 	 	 	75	%
	7th Place
	 	 	 	 	50	%
	8th Place
	 	 	 	 	25	%
	9th Place
	 	Minimum	 	 	0	%
	10th Place
	 	 	 	 	0	%
	11th Place
	 	 	 	 	0	%

	 	 	 	 	 	 	 
	Relative Net Sales Gains Percentage ("NSG%")	 
	Performance Level	 	 	 	Performance	 
	Compared to Peer Group	 	Payout	 	Percentage	 
	1st Place
	 	Maximum	 	 	200	%
	2nd Place
	 	 	 	 	175	%
	3rd Place
	 	 	 	 	150	%
	4th Place
	 	 	 	 	125	%
	5th Place
	 	Target	 	 	100	%
	6th Place
	 	 	 	 	75	%
	7th Place
	 	 	 	 	50	%
	8th Place
	 	 	 	 	25	%
	9th Place
	 	Minimum	 	 	0	%
	10th Place
	 	 	 	 	0	%
	11th Place
	 	 	 	 	0	%

(b) After adjustment for forfeitures as provided in Section 2, the number of Performance Units
granted to you will be adjusted based on Relative ROI and Relative NSG% (“Performance Percentage”)
as provided in this Section. The adjusted number of Performance Units to which you will be entitled
shall be equal to the number of Performance Units granted hereunder
multiplied by the product of (i) 0.5 and (ii) the sum of the Performance Percentages set forth in
Section 1(a) for the level of achievement of each of the performance goals therein (such product
the “Adjusted Performance Percentage”). Notwithstanding the foregoing, the maximum number of
Performance Units you can earn will be an aggregate of 200% of the original number granted to you,
and the minimum number of Performance Units that will be awarded is zero. By way of example,
assuming an initial grant of 200,000 Performance Units:

 

1

 

	 	(1)	 	if the Company reached 1st place in Relative ROI and 3rd place in
Relative NSG%, the sum of the Performance Percentages would be 350% (200% plus 150%) and
the adjusted number of your Performance Units would be 350,000 ((350% x 0.5) x 200,000
units).

	 
	 	(2)	 	if Relative ROI reached 3rd place and Relative NSG% reached 5th
place, the sum of the Performance Percentages would be 250% (150% plus 100%) and the
adjusted number of your Performance Units would be 250,000 ((250% x 0.5) x 200,000 units).

(c) (i) Except as provided in Section 2, the adjusted number of Performance Units, determined
as provided in Section 1(b), will be multiplied by the Fair Market Value of the Company’s Common
Stock on the last business day of the Performance Period (if payable in cash), or using the number
of shares of the Company’s Common Stock (or fully vested Restricted Stock Units for deferred
payments), equal to the adjusted number of Performance Units (if payable in equity), and may be
further adjusted as provided in Sections 1(c)(iii) and (iv) below. Payment of amounts due under
this Award shall be made to you as soon as practicable but no later than 30 days following
certification by the Committee as set forth below, unless you timely elect a deferred payment in
the manner and within the time frames specified by the Committee and in compliance with Code
Section 409A (the “Payout Date”). In the event of your death prior to the Payout Date, any amount
payable to you under the Award will be paid to your designated beneficiary or, if none, to your
estate. Prior to any payments under this Award, the Committee shall certify in writing, by
resolution or otherwise, that the performance goals and any other material terms of the Award were
in fact satisfied and the amount to be paid in respect of the Performance Units as a result of the
achievement of the performance goals.

(ii) Any amount paid in respect of this Award may be paid in cash, equity or a combination of
both. If, after the final value of the Award is determined, the Committee determines to pay a
portion of the earned award in equity, the number of shares to be awarded will be determined by
dividing the closing price of the Company’s common stock on the day of the certification of the
Award by the Committee into the dollar value of that portion of the Award to be paid in equity,
provided that the maximum award cannot exceed the limits established under the Plan or the
Company’s 2006 Stock Incentive Plan (the “2006 Plan”).

(iii) The Committee shall not increase the amount payable to you to an amount that is higher
than the amount payable under the formula described herein. The Committee may take into account
normalization related adjustments to the above performance metrics and goals and each of the
definitions in Section 4 in order to provide a relevant and consistent comparison to the
performance metrics and goals of the Company’s Peer Group. For example, normalization related
adjustments to take into account unconsolidated joint ventures, extraordinary items or
transactions, asset write-offs, valuation allowances or impairments among the Peer Group.

(iv) Prior to paying the Award, the Committee reserves the discretion to adjust downward the
Award depending a variety of factors, including (i) the level of the Company’s consolidated pre-tax
income or loss on both an adjusted and non-adjusted basis, (ii) the compensation earned by the
participant in comparison to the compensation earned by other Company executives and executives of
the Company’s Peer Group, (iii) the participant’s overall
compensation, (iv) the participant’s individual performance, and (v) other factors listed in the
2008 Plan.

 

2

 

(d) The Company may cancel and revoke this Award and/or replace it with a revised award at any
time if the Company determines, in its good faith judgment, that this Award was granted in error or
that this Award contains an error. In the event of such determination by the Company, and written
notice thereof to you at your business or home address, all of your rights and all of the Company’s
obligations as to any unvested portion of this Award shall immediately terminate. If the Company
replaces this Award with a revised award, then you will have all of the benefits conferred under
the revised award, effective as of such time as the revised award goes into effect.

2. Early Termination and Change in Control.

(a) If your employment terminates before the last day of the Performance Period as a result of
your voluntary (resignation) or involuntary termination or retirement, then you shall forfeit as of
the date of your termination of employment a number of Performance Units determined by multiplying
the number of Performance Units granted to you by a fraction, (x) the numerator of which is the
number of whole months following the date of termination to the end of the Performance Period and
(y) the denominator of which is                     
(      ). The resulting number of Performance Units shall be
adjusted upward or downward by the applicable Adjusted Performance Percentage based on the
Company’s achievement of the Performance Goals as of the end of the Performance Period, and the
value of the adjusted number of Performance Units, using the Fair Market Value as of the last day
of the Performance Period (if payable in cash), or using the number of shares of the Company’s
Common Stock (or fully vested Restricted Stock Units for deferred payments) equal to the adjusted
number of Performance Units (if payable in equity), shall be payable on the Payment Date, after
being certified by the Committee. If you are terminated for cause, as determined by the Committee,
you shall immediately forfeit all Performance Units.

(b) If your employment terminates before the last day of the Performance Period as a result of
your death or disability (as determined by the Committee in its sole discretion), or if you are
disabled for more than 3 months during the Performance Period (whether or not your employment
terminates), then you shall forfeit a number of Performance Units determined by multiplying the
number of Performance Units granted to you by a fraction, (x) the numerator of which is the number
of whole months following the date of death or Disability to the end of the Performance Period (or,
if you returned to employment before the end of the Performance Period, the number of whole months
you were on disability), and (y) the denominator of which is                     
(      ). The resulting number of
Performance Units shall be adjusted upward or downward by the applicable Adjusted Performance
Percentage based on the Company’s achievement of the Performance Goals as of the end of the
Performance Period, and the value of the adjusted number of Performance Units, using the Fair
Market Value as of the last day of the Performance Period (if payable in cash), or using the number
of shares of the Company’s Common Stock (or fully vested Restricted Stock Units for deferred
payments) equal to the adjusted number of Performance Units (if payable in equity), shall be
payable on the Payment Date, after being certified by the Committee.

 

3

 

(c) The Committee or its designee shall determine the number of Performance Units forfeited
pursuant to the applicable subparagraph of this Section and the amount to be paid to you or your
beneficiary in accordance with this Section. Except as provided in Section 2, amounts payable
hereunder will be paid on the Payout Date.

(d) If there is a Change in Control (as defined in the Plan) during the Performance Period,
you shall be deemed to have achieved the level of performance as determined by the Committee for
the Performance Goals for the Performance Period in accordance with the terms of the Plan, with the
deemed Adjusted Performance Percentage being multiplied by the number of your Performance Units and
the Fair Market Value of the Company’s common stock on the day immediately prior to the Change in
Control, and then prorated for the number of months in the Performance Period up to the Change in
Control over          months, as more fully set forth in the Plan. Payments of the amount due to you
under this Award shall be made to you as soon as administratively practicable following the Change
in Control, but in no event later than 60 days following the end of the calendar year in which such
Change in Control occurs.

3. Miscellaneous.

(a) You understand and acknowledge that you are one of a limited number of employees of the
Company who have been selected to receive Performance Awards and that this grant is considered
confidential information. You hereby covenant and agree not to disclose the award to you of this
Award to any other person except (i) your immediate family and legal or financial advisors who
agree to maintain the confidentiality of this Award, (ii) as required in connection with the
administration of this Award and the Plan as it relates to this Award or under applicable law, or
(iii) to the extent the terms of this Award had been publicly disclosed by the Company.

(b) The Company shall be entitled to make all lawful deductions from any payment it is
required to make to you under this Award in respective applicable federal, state, local or
employment taxes, Social Security and Medicare.

(c) The authority to manage and control the operation and administration of this Award shall
be vested in the Committee, and the Committee shall have all powers with respect to this Award as
it has with respect to the Plan. Any interpretation of this Award by the Committee and any
decision made by it with respect to this Award shall be final and binding on all persons.

(d) This Award and any deferral elections hereunder shall be construed and interpreted to
comply with or be exempt from Section 409A of the Code. The Company reserves the right, without
your prior consent, to modify or amend this Award to the extent it reasonably determines is
necessary in order to (i) preserve the intended tax consequences of the Performance Units in light
of Section 409A of the Code and any regulations or other guidance promulgated thereunder, or (ii)
correct, with the consent of the Committee, unintentional design errors. In addition, the Committee
reserves the right, without your prior consent, to reduce the amount payable under this Award to
the extent it deems necessary taking into account competitive performance and other factors. Such
modifications or amendments may limit or eliminate certain rights otherwise available to you under
the Plan or this Award. Neither the Company nor members of the Committee shall be liable for any
determination or action taken or made with respect to this Award or the Performance Units granted
hereunder.

 

4

 

(e) Neither this Award nor your rights hereunder shall be transferable during your life other
than by will, pursuant to the applicable laws of descent and distribution or as provided in your
beneficiary designation form, unless otherwise provided in the Plan. None of your rights or
privileges in connection with this Award shall be transferred, assigned, pledged or hypothecated by
you or by any other person in any way, whether by operation of law, or otherwise, and shall not be
subject to execution, attachment, garnishment or similar process. In the event of any such
occurrence, this Award shall automatically be terminated and shall thereafter be null and void.

(f) Nothing in this Award shall confer upon you any right to continued employment with the
Company or any of its subsidiaries, or to interfere in any way with the right of the Company to
terminate your employment relationship with the Company or any of its subsidiaries at any time.

(g) If any term or provision of this Award shall at any time or to any extent be invalid,
illegal or unenforceable in any respect as written, you and the Company intend for any court
construing this Award to modify or limit such provision so as to render it valid and enforceable to
the fullest extent allowed by law. Any such provision that is not susceptible of such reformation
shall be ignored so as not to affect any other term or provision hereof, and the remainder of this
Award, or the application of such term or provision to persons or circumstances other than those as
to which it has held invalid, illegal or unenforceable, shall not be affected thereby and each term
and provision of this Award shall be valid and enforced to the fullest extent permitted by law.

(h) The Company’s obligation under the Plan and this Award is an unsecured and unfunded
promise to pay benefits that may be earned in the future. The Company shall have no obligation to
set aside, earmark or invest any fund or money with which to pay its obligations under this Award.
You or any successor in interest shall be and remain a general creditor of the Company in the same
manner as any other creditor having a general claim from matured and unpaid compensation.

(i) This Award shall not entitle the holder to any dividends, rights upon liquidation, voting
rights or other rights of stockholders of the Company.

4. Definitions and Rules of Construction.

(a) Definitions. The following terms have the meanings set forth below:

“Annual Net Sales” for a period of four consecutive quarters means the sum of quarterly
domestic (U.S.) net sales of homes (i.e., gross number of home sales contracts less cancellations,
determined in number of units) during the four quarters of the Company’s fiscal year (provided that
for the fiscal year ending September 30, 200__, the three consecutive quarters ending September 30,
200__ shall be used).

 

5

 

“Annual Pre-Tax Income” for a period of four consecutive quarters means the sum of quarterly
income (loss) before income taxes during the four quarters of the Company’s fiscal year (provided
that for the fiscal year ending September 30, 200__, the three consecutive quarters ending
September 30, 200__ shall be used).

“Annual Return on Investment” or “Annual ROI” for a period of four consecutive quarters means
the Annual Pre-Tax Income for the four quarters of the Company’s fiscal year divided by the Annual
Total Assets for the four quarters of the Company’s fiscal year (provided that for the fiscal year
ending September 30, 200__, the three consecutive quarters ending September 30, 200__ shall be
used).

“Annual Total Assets” for a period of four consecutive quarters of the Company’s fiscal year
means the average of the beginning balance of total inventories, excluding land inventory not
owned, as of the end of the quarter immediately preceding the first quarter and as of the end of
each of the four quarters of the Company’s fiscal year (provided that for the fiscal year ending
September 30, 200__, the balance as of December 31, 200__ shall be the average of the balances as
of the end of each of the three consecutive quarters ended September 30, 200__).

“Baseline Net Sales” for a period of four consecutive quarters ending December 31, 200__ns the
sum of quarterly domestic (U.S.) net sales of homes (i.e., gross number of home sales contracts
less cancellations in units) during the four quarters.

“Code” means the Internal Revenue Code of 1986, as amended, and the rulings, regulations and
other guidance thereunder.

“Peer Group” means, in addition to the Company, Beazer Homes USA, Centex Corporation,
Hovnanian Enterprises, KB Home, Lennar Corporation, M.D.C. Holdings, Pulte Homes, Ryland Group,
Standard Pacific and Toll Brothers.

“Performance Period” means
the ___year period (___quarters) beginning January 1, 200__ and
ending September 30, 200_. In comparing results of the Company with the performance of the other
companies in the Peer Group, there shall be used the fiscal quarter that corresponds to the same
fiscal quarter of the Company, or if there is not a comparable period, then the fiscal quarter
ending most closely before a fiscal quarter of the Company and, in the case of fiscal year
computations, there shall be used the four fiscal quarters ending at or most closely preceding the
fiscal year of the Company; provided that the performance metrics will be compared to those of the
Company’s Peer Group based on publicly available information of the Peer Group at September 30,
200__, 200__ and 200__, as applicable.

“Performance Period Return on Investment” or “Performance Period ROI” means the sum of (1) the
Annual ROI for the three consecutive quarters ending September 30, 200__, (2) the Annual ROI for
the four consecutive quarters ending September 30, 200__, and (3) the Annual ROI for the four
consecutive quarters ending September 30, 201_.

“Performance Period Net Sales Percentage” or “Performance Period NS%” means the sum of the (1)
the Annual Net Sales for the three consecutive quarters ending September 30, 200__,
(2) the Annual Net Sales for the four consecutive quarters ending September 30, 200__, and (3) the
Annual Net Sales for the four consecutive quarters ending September 30, 201_ divided by the
Baseline Net Sales.

 

6

 

“Relative Net Sales Gains Percentage” or “Relative NSG%” means the Performance Period Net
Sales Percentage of the Company, compared to the other members of the Peer Group, as determined in
good faith by the Committee.

“Relative Return on Investment” or “Relative ROI” means the Performance Period ROI of the
Company, compared to the other members of the Peer Group, as determined in good faith by the
Committee.

“Retirement” has the meaning set forth in the Plan or in a manner consistent with the
Company’s other incentive plans or such date as the Committee shall approve.

	 	(b)	 	Rules of Construction. All references to Sections refer to sections in this Award. The
titles to sections of this Award are for convenience of reference only and, in the case of
conflict, the text of this Award, rather than the titles, shall control.

 

7

 

D.R. HORTON, INC. 2008 PERFORMANCE UNIT PLAN

LONG-TERM PERFORMANCE UNIT AWARD

BENEFICIARY DESIGNATION FORM

Participant’s Name:                                                             

Social Security Number:                                                     

This Beneficiary Designation (this “Beneficiary Designation”) is subject to all of the terms
and conditions of the D.R. Horton, Inc. 2008 Performance Unit Plan (the “Plan”) and the 3-Year
Performance Award —  granted to me by D.R. Horton, Inc. (the “Company”) with an effective date of
                         , 2008 (the “Performance Award”).

By signing this Beneficiary Designation, I hereby declare that upon my death the following
individual(s) (my “Beneficiary(ies)”) shall be entitled to receive the stated percentage of any
amount that may be payable with respect to me following my death under the Performance Award:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Full Name of	 	 	 	Social Security /	 	 
	Designated Beneficiary	 	Relationship	 	Tax ID Number	 	Percentage
	 

	 	 	 	 
	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Address:

	 	 
	 	 
	 	Birth Date:
	 	 
	 	Sex:
	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Full Name of	 	 	 	Social Security /	 	 
	Designated Beneficiary	 	Relationship	 	Tax ID Number	 	Percentage
	 

	 	 	 	 
	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Address:

	 	 
	 	 
	 	Birth Date:
	 	 
	 	Sex:
	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Total:
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

I understand that if no Beneficiary is designated then, in the event of my death,
the amount payable under the Performance Award will be made to my estate. If my sole Beneficiary
dies, or if any of my other designated Beneficiaries die prior to the payment of all of the amounts
payable under the Performance Award, then payment of such deceased Beneficiary’s stated percentage
will be made to such deceased Beneficiary’s estate.

I further understand that all prior beneficiary designations for the Performance Award are
hereby revoked and that this Beneficiary Designation may only be revoked in writing on a form
provided by the Company on behalf of the Committee, signed by me (and witnessed) and received by
the Committee. The foregoing Beneficiary Designation shall remain in effect until such time as I
file another such designation with the Company bearing a more recent date except to the extent
otherwise required by law.

	 	 	 	 	 
	 
	 	 	 	 
	 	 	 
	Signature

	 	 	 	Witness
	 
	 	 	 	 
	Date of Signature:

	 	 	 	 
	 	 	 	 	 

 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}]]