Summary of Bonus Payments Agreement for Executive Officers of D.R. Horton, Inc. (2007)
D.R. Horton, Inc.'s Board of Directors, following the Compensation Committee's recommendation, approved annual discretionary bonuses for certain executive officers for the fiscal year ending September 30, 2007. The named executive officers receiving bonuses are Bill W. Wheat ($300,000), Stacey H. Dwyer ($300,000), and Samuel R. Fuller ($50,000). There were no changes to the previously approved discretionary bonus plans for these officers.
Exhibit 10.1
Summary of Bonus Payments to Certain Executive Officers
For the year ended September 30, 2007, the Board of Directors of D.R. Horton, Inc. (the “Company”), on recommendation of the Compensation Committee, approved annual discretionary bonuses to the executive officers listed below consistent with past practices. All of the executive officers set forth below were “named executive officers” (as defined in Item 402(a)(3) of Regulation S-K) of the Company as of the end of the Company’s 2007 fiscal year ending on September 30, 2007. There have been no changes to the discretionary bonus plans of the below listed named executive officers as previously approved by the Compensation Committee and the Board of Directors.
| Name | Office | Annual Discretionary Bonus for the Year Ended September 30, 2007 | ||
| Bill W. Wheat | Executive Vice President and Chief | $300,000 | ||
| Stacey H. Dwyer | Executive Vice President and | $300,000 | ||
| Samuel R. Fuller | Senior Executive Vice President | $ 50,000 | ||
