BEAZER HOMES USA, INC.
AMENDED AND RESTATED 1999 STOCK INCENTIVE PLAN
THIS AWARD AGREEMENT (this “Agreement”) is made effective 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 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. 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 February 2, 2006 (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 «F24» shares (the “Option Shares”) of common
stock of the Company, $0.001 par value per share (“Common Stock”), at a price per share equal to the closing
price per share of the Common
Stock as reported by the New York Stock Exchange (the “NYSE”) at the close of business on the Option
Effective Date ($68.56) (the “Option Price”), subject to adjustment as provided in Section 1(g) 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 of the Option (as set forth in Section 1(