0000950124-06-004153 Sample Contracts

STOCK OPTION AGREEMENT UNDER 2004 STOCK INCENTIVE PLAN
Stock Option Agreement • August 3rd, 2006 • Pulte Homes Inc/Mi/ • Operative builders • Michigan

Pursuant to the provisions of the Pulte Homes, Inc. 2004 Stock Incentive Plan (the “Plan”), the individual named in the Grant Acceptance (the “Optionee”) has been granted a non-qualified option (the “Option”) to purchase the number of shares of common stock, $.01 par value, of Pulte Homes, Inc., a Michigan corporation (the “Company”) (“Common Stock”) set forth in the Grant Acceptance at the price per share set forth in the Grant Acceptance (the “Exercise Price”), subject to adjustment as provided herein and in the Plan. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Plan. This Agreement, together with the Grant Acceptance, constitute the Stock Option Agreement which is made and entered into as of the grant date set forth in the Grant Acceptance (the “Grant Date”).

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STOCK AWARD AGREEMENT
Stock Award Agreement • August 3rd, 2006 • Pulte Homes Inc/Mi/ • Operative builders • Michigan

Pursuant to the provisions of the Pulte Homes, Inc. 2004 Stock Incentive Plan (the “Plan”), the individual named in the Grant Acceptance (the “Holder”) has been granted an Unrestricted Stock Award (the “Award”) of the number of shares of common stock, $.01 par value, of Pulte Homes, Inc., a Michigan corporation (the “Company”) set forth in the Grant Acceptance (the “Shares”). The Award is subject to the terms and conditions set forth below. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Plan. This Agreement, together with the Grant Acceptance, constitute the Stock Award Agreement which is made and entered into as of the grant date set forth in the Grant Acceptance (the “Grant Date”).

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