BEAZER HOMES USA, INC.
2010 EQUITY INCENTIVE PLAN
EMPLOYEE AWARD AGREEMENT FOR
OPTION AND RESTRICTED STOCK
THIS AWARD AGREEMENT (this “Agreement”) is made as of [ ___ ___,] 2010 by and between
BEAZER HOMES USA, Inc., a Delaware corporation (the “Company”), and (“Participant”).
WHEREAS, the Company pursuant to its 2010 Equity Incentive Plan (the “Plan”) wishes to make certain
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 term used in this Agreement but not defined herein shall have the
meaning set forth in the Plan.
1. GRANT OF OPTION TO ACQUIRE COMMON STOCK
(a) Grant; Effective Date; Option Price . The Company hereby notifies Participant that the Company has
granted to Participant in accordance with the Plan, and effective as of ___, 2010 (the “Option
Effective Date”), the right and option (hereinafter referred to as the “Option”) to purchase, on the terms and
conditions set forth herein, all or any part of an aggregate of ___ Shares at a price per Share equal to the closing
price per Share as reported by the New York Stock Exchange (the “NYSE”) at the close of business on the
Date ($___) (the “Option Price”), subject to adjustment as provided in Section 3 below. The Option is not
intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of
1986, as amended (the “Code”).
The Company will at all times during the Option Term (as set forth in Section 1(b)(i) below) reserve and
keep available such number of Shares as will be sufficient to satisfy the requirements of this Agreement.
(b) Duration and Exercisability of Option; Limitations on Exercisability .
(i) The O