0001104659-06-038758 Sample Contracts

MERITAGE HOMES CORPORATION RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • June 1st, 2006 • Meritage Homes CORP • Operative builders • Maryland

This Restricted Stock Agreement (“Agreement”) is between Meritage Homes Corporation (“Company”), and (“Grantee”), as of the day of , 2006 (“Date of Grant”).

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MERITAGE HOMES CORPORATION NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • June 1st, 2006 • Meritage Homes CORP • Operative builders • Maryland

This Non-Qualified Stock Option Agreement (“Agreement”) is between Meritage Homes Corporation (“Company”) and (the “Optionee”), as of the day of , 2006 (“Date of Grant”).

MERITAGE HOMES CORPORATION INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • June 1st, 2006 • Meritage Homes CORP • Operative builders • Maryland

This Incentive Stock Option Agreement (“Agreement”) is between Meritage Homes Corporation (“Company”) and (the “Optionee”), as of the day of , 2006 (“Date of Grant”).

MERITAGE HOMES CORPORATION STOCK APPRECIATION RIGHTS AGREEMENT
Stock Appreciation Rights Agreement • June 1st, 2006 • Meritage Homes CORP • Operative builders • Maryland

This Stock Appreciation Rights Agreement (“Agreement”) is between Meritage Homes Corporation (“Company”) and (“Grantee”), as of the day of , 2006 (“Date of Grant”).

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