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BEAZER HOMES U.S.A., INC.
Non-Employee Director Stock Option Plan
1. Purpose of the Plan.
The purpose of this Non-Employee Director Stock Option Plan (the "Plan") is to promote the success of Beazer Homes
U.S.A., Inc. (the "Company") by attracting and retaining non-employee directors by supplementing their cash compensation
and providing a means for such directors to increase their holdings of common stock of the Company.
As used herein, the following definitions shall apply:
2.0 The "Company" shall mean Beazer Homes U.S.A., Inc., a Delaware corporation, and any successor corporation.
2.1 "Annual Meeting Date" means the date of the annual meeting of the stockholders of the Company at which
directors are elected.
2.2 "Board" means the Board of Directors of the Company.
2.3 "Common Stock" means the Common Stock, par value $.01 per share, of the Company.
2.4 "Code" means the Internal Revenue Code of 1986, as amended.
2.5 "Corporation" means the Company and its Subsidiaries.
2.6 "Eligible Director" means any person who is a member of the Board and who is not an employee, full time or
part time, of either the Corporation or of Hanson PLC and/or its subsidiaries; provided , that the Non-Executive
Chairman of the Company as of the date of adoption of the Plan by the Board, Mr. Brian C. Beazer, shall be an Eligible
2.7 "Initial Grant Date" means the date on which a person is initially elected as a member of the Board or, with
respect to those persons who are Eligible Directors and who serve on the Board at the time of adoption of this Plan by
the Board, the date of approval of the Plan by the Company's stockholders.
2.8 "Option" means a stock option granted pursuant to this Plan.
2.9 "Option Agreement" means the agreement between the Compa