BEAZER HOMES USA, INC.
AMENDED AND RESTATED 1999 STOCK INCENTIVE PLAN
PERFORMANCE SHARES AWARD AGREEMENT
THIS AWARD AGREEMENT (this “Agreement”) is made as of February 2, 2006 by and between
BEAZER HOMES USA, Inc., a Delaware corporation (the “Company”), and , an individual
resident of the State of (“Participant”).
WHEREAS, the Company pursuant to its Amended and Restated 1999 Stock Incentive Plan (the
“Plan”) wishes to make certain performance vesting incentive awards to Participant.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained,
the parties hereto hereby agree to the terms set forth below. The terms of this Agreement shall be interpreted in
accordance with the Plan and any capitalized terms used in this Agreement but not defined herein shall have the
meaning set forth in the Plan.
1. AWARD OF PERFORMANCE VESTING RESTRICTED STOCK.
(a) Award, Effective Date . The Company hereby notifies Participant that, effective as of
January 1, 2006 (the “Performance Shares Effective Date”), the Company has awarded to Participant
shares of the Company’s common stock, par value $.001 per share (the “Common Stock”), subject to the terms
of the Plan and subject to achievement of the performance measures and such further adjustments as set forth
herein. Such shares of Common Stock are hereinafter collectively referred to as the “Performance Shares.”
(b) Performance Periods . The Performance Shares shall have the following Performance Periods
(as defined below):
(i) [1/3 of the Performance Shares] Performance Shares (the “A Target Performance
Shares”) shall have a Performance Period commencing on January 1, 2006 and ending on December 31, 2008
(the “A Performance Period”);
(ii) [1/3 of the Performance Shares] Performance Shares (the “B