Document:

Exhibit 10.1

                              DEL WEBB CORPORATION
                    2000 EXECUTIVE MANAGEMENT INCENTIVE PLAN

               ARTICLE 1. ESTABLISHMENT, AND PURPOSE, AND DURATION

     1.1 ESTABLISHMENT OF THE PLAN. Del Webb Corporation, a Delaware corporation
(the "Company"),  hereby establishes an annual incentive plan to be known as the
"Del Webb Corporation 2000 Executive Management Incentive Plan" (the "Plan").

     1.2 PURPOSE OF THE PLAN.  The Plan is designed to (i)  recognize and reward
on an annual basis select  Company  executives  for their  contributions  to the
overall  success of the Company,  and (ii) qualify  compensation  paid under the
Plan as  "performance-based  compensation"  as that term is  defined  in Section
162(m) of the Internal  Revenue  Code of 1986 (the  "Code") and the  regulations
thereunder.

     1.3   DURATION  OF  THE  PLAN.   Subject  to  approval  by  the   Company's
stockholders,  the Plan will  commence  as of July 1,  2000.  If the Plan is not
approved by the Company's  stockholders,  the Plan will not be effective and any
grants  made  under the Plan  prior to that date  will be void.  The Plan  shall
terminate  on July 1,  2005.  No award may be made under the Plan after the date
the Plan  terminates,  but awards made prior to that date may extend beyond that
date.

                     ARTICLE 2. DEFINITIONS AND CONSTRUCTION

     2.1 DEFINITIONS.  Whenever used in the Plan, the following terms shall have
the  meanings  set forth below and,  when the meaning is  intended,  the initial
letter of the word is capitalized:

          (a) "Award" means the agreement of the Company to pay  compensation to
     a Participant upon the attainment of specified Performance Goals.

          (b) "Award Agreement" means the written agreement evidencing the terms
     and conditions of an Award.

          (c) "Board" or "Board or  Directors"  means the Board of  Directors of
     Del Webb Corporation.

          (d) "Code"  means the Internal  Revenue Code of 1986,  as amended from
     time to time.

          (e) "Committee"  means the Human  Resources  Committee of the Board or
     the  committee  appointed by the Board  pursuant to Article 3 to administer
     the Plan.

          (f) "Company" means Del Webb Corporation,  a Delaware corporation,  or
     any successor thereto.
<PAGE>
          (g) "Covered  Employee" means an Employee who is a "covered  employee"
     within the meaning of Section 162(m) of the Code.

          (h)  "Director"  means any  individual who is a member of the Board of
     Directors of the Company.

          (i) "Employee" means any full-time,  nonunion employee of the Company.
     Directors  who are not  otherwise  employed  by the  Company  shall  not be
     considered Employees under this Plan.

          (j)  "Participant"  means a Covered  Employee who is designated by the
     Committee to participate in the Plan for a Performance  Period  pursuant to
     Article 4.

          (k)  "Performance  Criteria"  means the  criteria  that the  Committee
     selects for purposes of establishing  the  Performance  Goal or Performance
     Goals for a Participant for a Performance Period. The Performance  Criteria
     that  will  be used to  establish  Performance  Goals  are  limited  to the
     following:  pre- or  after-tax  net  earnings,  revenue  growth,  operating
     income,  operating cash flow, return on net assets, return on shareholders'
     equity,  return  on  assets,   return  on  capital,   Share  price  growth,
     shareholder returns, gross or net profit margin,  earnings per Share, price
     per  Share,  and  market  share,  any of which  may be  measured  either in
     absolute terms, or as compared to any incremental  increase, or as compared
     to results of a peer group. The Committee shall, within the time prescribed
     by Section 162(m) of the Code, define in an objective fashion the manner of
     calculating the Performance Criteria it selects to use for such Performance
     Period for such Participant.

          (l)  "Performance  Goals" means, for a Performance  Period,  the goals
     established  in writing by the Committee for the  Performance  Period based
     upon the Performance  Criteria.  Depending on the Performance Criteria used
     to  establish  such  Goal,  the Goal may be  expressed  in terms of overall
     Company  performance or the  performance of an operating unit or community.
     The  Committee,  in its  discretion,  may,  within the time  prescribed  by
     Section 162(m) of the Code, adjust or modify the calculation of Performance
     Goals for such  Performance  Period in order to  prevent  the  dilution  or
     enlargement  of the  rights  of  Participants,  (i) in the  event of, or in
     anticipation of, any unusual or extraordinary  corporate item, transaction,
     event, or development;  and (ii) in recognition of, or in anticipation  of,
     any other unusual or  nonrecurring  events  affecting  the Company,  or the
     financial  statements of the Company, or in response to, or in anticipation
     of, changes in applicable  laws,  regulations,  accounting  principles,  or
     business conditions.

          (m) "Performance  Period" means the one or more periods of time, which
     may be of varying and overlapping  durations,  as the Committee may select,
     over which the attainment of one or more Performance Goals will be measured
     for the purpose of  determining a  Participant's  right to, and the payment
     of, compensation under the Plan.

          (n) "Shares" means the shares of common stock of the Company.

                                       -2-
<PAGE>
     2.2  SEVERABILITY.  In the  event  that a court of  competent  jurisdiction
determines that any portion of this Plan is in violation of any statute,  common
law, or public  policy,  then only the  portions of this Plan that  violate such
statute,  common law, or public  policy shall be stricken.  All portions of this
Plan that do not  violate any statute or public  policy  shall  continue in full
force and effect.  Further,  any court order  striking  any portion of this Plan
shall modify the  stricken  terms as narrowly as possible to give as much effect
as possible to the intentions of the parties under this Plan.

                            ARTICLE 3. ADMINISTRATION

     3.1 THE COMMITTEE.  The Plan shall be  administered  by the Human Resources
Committee  of the  Board,  or by any  other  Committee  appointed  by the  Board
consisting of not less than two Directors who are not Employees.  The members of
the  Committee  shall be appointed  from time to time by, and shall serve at the
discretion of, the Board of Directors.

     3.2 AUTHORITY OF THE COMMITTEE. The Plan shall be administered by the Human
Resources  Committee of the Board,  or by any other  Committee  appointed by the
Board  consisting  solely  of two or more  Directors  who  qualify  as  "outside
directors"  under  Section  162(m)  of  the  Code  and  the  regulations  issued
thereunder.  Without  limiting the  generality  of the preceding  sentence,  the
Committee  shall have the  exclusive  right to interpret  the Plan, to determine
eligibility for  participation  in the Plan, to decide all questions  concerning
eligibility  for and the amount of Awards  payable  under the Plan, to establish
and administer the Performance  Goals and certify  whether,  and to what extent,
they are attained,  to construe any ambiguous provisions of the Plan, to correct
any default,  to supply any omission,  to reconcile any inconsistency,  to issue
administrative  guidelines as an aide to the administration of the Plan, to make
regulations  for  carrying  out the Plan,  and to decide  any and all  questions
arising in the administration, interpretation, and application of the Plan.

     3.3  DECISIONS  BINDING.  All  determinations  and  decisions  made  by the
Committee  pursuant  to the  provisions  of the Plan and all  related  orders or
resolutions of the Board of Directors shall be final, conclusive, and binding on
all persons, including the Company, its stockholders,  Employees,  Participants,
and their estates and beneficiaries.

     3.4 SECTION 162(m)  COMPLIANCE.  This Plan shall be  administered to comply
with  Section  162(m) of the Code and, if any  provisions  of the Plan cause any
Award to not qualify as  performance-based  compensation under Section 162(m) of
the  Code,  that  provision  shall be  stricken  from this  Plan,  but the other
provisions of this Plan shall remain in effect.  Any action striking any portion
of this Plan shall modify the stricken  terms as narrowly as possible to give as
much  effect as  possible  to the  intentions  of the  parties  under this Plan.
Furthermore,  if any portion of the Plan or any Award  Agreement  conflicts with
Section 162(m) or the regulations issued  thereunder,  the provisions of Section
162(m) and such regulations shall control.

                    ARTICLE 4. ELIGIBILITY AND PARTICIPATION

     4.1  ELIGIBILITY.  Participation is limited in any fiscal year to Employees
who the Committee concludes will be Covered Employees for such year.

                                       -3-
<PAGE>
     4.2 ACTUAL  PARTICIPATION.  From among the  Covered  Employees  eligible to
participate  each year,  the Committee may select those to receive Awards in any
one or more Performance Periods under the Plan.

                           ARTICLE 5. FORM OF AWARDS.

     Awards shall be paid in cash.  The Committee  may, in its sole  discretion,
subject  any  Award to such  terms,  conditions,  restrictions,  or  limitations
(including  but  not  limited  to  restrictions  on  transferability,   vesting,
termination of employment for cause or otherwise, or change of control) that the
Committee deems to be appropriate, provided that such terms are not inconsistent
with the terms of the Plan or Section  162(m) of the Code.  All  Awards  will be
evidenced by an Award Agreement.

               ARTICLE 6. DETERMINATION AND LIMITATION OF AWARDS.

     6.1  DETERMINATION OF AWARDS.  Within the time prescribed by Section 162(m)
of the  Code for each  Performance  Period,  the  Committee  shall,  in its sole
discretion, determine and establish:

          (a) the Performance  Goals  applicable to the  Performance  Period for
     each Participant;

          (b) the total  dollar  amount  payable to each  Participant  under the
     Award based upon attaining the Performance Goals; and

          (c) such other  terms and  conditions  of such Award as the  Committee
     determines to be appropriate under the circumstances.

Such determinations shall be reflected in the minutes of a Committee meeting, or
in a written action adopted  without the necessity of a meeting,  and also shall
be documented in the Award Agreement.

     6.2 LIMITATIONS OF AWARDS.  If only one Performance Goal is established for
a Performance  Period,  the Performance Goal for such Performance Period must be
achieved  in order for a  Participant  to receive  payment for an Award for such
Performance  Period.  If more than one  Performance  Goal is  established  for a
Performance  Period,  one or more of the Performance  Goals for such Performance
Period  must be achieved in order for a  Participant  to receive  payment for an
Award for such Performance Period, all as set forth in accordance with the terms
of the Award  Agreement.  Furthermore,  the  Committee is authorized at any time
during  or  after a  Performance  Period  to  reduce  or  eliminate  (but not to
increase)  the  amount  of an  Award  payable  to  any  Covered  Employee  for a
Performance Period for any reason.

     6.3  MAXIMUM  AWARDS.  Notwithstanding  any  provision  in the  Plan to the
contrary, the maximum Award payable to any Covered Employee under the Plan for a
Performance Period shall be $3,000,000.00.

     6.4 EMPLOYMENT CONTINUATION.  Unless otherwise determined by the Committee,
provided  in the Award  Agreement,  or required  by  applicable  law, no payment
pursuant to this Plan shall be made to a Participant  unless the  Participant is
employed by the Company on the last day of the Performance Period.

                                       -4-
<PAGE>
     6.5 DEFERRALS OF PAYMENTS. In the exercise of its discretion, the Committee
may allow a  Participant  to elect to defer the receipt of all or any portion of
an Award.  Such deferral  shall be made pursuant to the terms and conditions set
forth in the Del Webb Corporation Deferred Compensation Plan.

                         ARTICLE 7. RIGHTS OF EMPLOYEES

     7.1  EMPLOYMENT.  Nothing in the Plan shall  interfere with or limit in any
way the right of the Company to terminate  any  Participant's  employment at any
time, nor confer upon any Participant any right to continue in the employ of the
Company.

     7.2  PARTICIPATION.  No  Employee  shall have the right to be  selected  to
receive an Award under this Plan, or, having been so selected, to be selected to
receive a future Award.

               ARTICLE 8. AMENDMENT, MODIFICATION, AND TERMINATION

     The Committee may suspend or terminate the Plan at any time with or without
prior  notice.  In  addition,  the  Committee  may from time to time and with or
without  prior  notice,  amend or  modify  the Plan in any  manner,  but may not
without shareholder  approval adopt any amendment that would require the vote of
shareholders of the Company pursuant to Section 162(m) of the Code.

                             ARTICLE 9. WITHHOLDING

     The Company  shall have the power and the right to deduct or  withhold,  or
require a Participant to remit to the Company,  an amount  sufficient to satisfy
Federal,  state, and local taxes (including the  Participant's  FICA obligation)
required by law to be withheld with respect to any grant,  exercise,  or payment
made under or as a result of this Plan.

                             ARTICLE 10. SUCCESSORS

     All  obligations  of the  Company  under the Plan,  with  respect to Awards
granted hereunder, shall be binding on any successor to the Company, whether the
existence  of such  successor  is the result of a direct or  indirect  purchase,
merger, consolidation, or otherwise, of all or substantially all of the business
and/or assets of the Company.

                         ARTICLE 11. REQUIREMENTS OF LAW

     11.1  REQUIREMENTS  OF LAW.  The granting of Awards under the Plan shall be
subject to all applicable laws, rules, and regulations, and to such approvals by
any governmental agencies as may be required.

     11.2  GOVERNING  LAW.  The Plan,  and all  agreements  hereunder,  shall be
governed by the laws of the State of Delaware.

                                       -5-Exhibit 10.2

                          CHANGE IN CONTROL AGREEMENTS

Mary S. Alexander
Kimball Bannister, III
Larry W. Beckner
John H. Gleason
LeRoy C. Hanneman Jr.
Robertson C. Jones
Anne L. Mariucci
Helen M. McEnerney
Donald V. Mickus
Gary L. Newman
Frank D. Pankratz
Scott J. Peterson
David E. Rau
Charles T. Roach
David G. Schreiner
M. Lynn Schuttenberg
John A. Spencer
Robert R. Wagoner
Scott C. Widener

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