0001628280-15-005809 Sample Contracts

FORM OF DEFERRED COMPENSATION AGREEMENT FOR NON-EMPLOYEE DIRECTOR FEES
Deferred Compensation Agreement • July 31st, 2015 • AV Homes, Inc. • Operative builders • Delaware

This Deferred Compensation Agreement (this “Agreement”), dated as of [___________], is made by and between AV Homes, Inc., a Delaware corporation (the “Company”), and you, [____________], a non-employee director of the Company, pursuant to the AV Homes, Inc. 2015 Incentive Compensation Plan (the “Plan”). To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently exists or as it may be amended in the future.

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FORM NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • July 31st, 2015 • AV Homes, Inc. • Operative builders • Delaware

This RESTRICTED STOCK UNIT AGREEMENT, dated [_________] (this “Agreement”), is made by and between AV Homes, Inc., a Delaware corporation (the “Company”) and you, [_______________], A NON-EMPLOYEE DIRECTOR OF THE Company, pursuant to the AV Homes, Inc. 2015 Incentive Compensation Plan (the “Plan”). To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently exists or as it may be amended in the future.

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