BASE SALARIES OF EXECUTIVE OFFICERS

EX-10.(P) 2 a2189742zex-10_p.htm EXHIBIT 10(P)

Exhibit 10(p)

 

BASE SALARIES OF EXECUTIVE OFFICERS

 

As of December 24, 2008, the following are the base salaries (on an annual basis) of the executive officers of Hovnanian Enterprises, Inc.:

 

Kevork S. Hovnanian
Chairman of the Board and Director of the Company

 

$

1,128,433

 

Ara K. Hovnanian
Chief Executive Officer, President and Director of the Company

 

$

1,092,606

 

Paul W. Buchanan
Senior Vice President – Chief Accounting Officer

 

$

287,000

 

Peter S. Reinhart
Senior Vice President and General Counsel

 

$

307,500

 

J. Larry Sorsby
Executive Vice President, Chief Financial Officer and Director of the Company

 

$

500,000

 

David G. Valiaveedan
Vice President – Finance

 

$

256,250