Executive Officer Base Salary Schedule for Hovnanian Enterprises, Inc. (as of December 24, 2008)
This document lists the annual base salaries for the executive officers of Hovnanian Enterprises, Inc. as of December 24, 2008. It names each executive, their title, and their corresponding salary. The agreement serves as a record of compensation for key company leaders, including the Chairman, CEO, CFO, and other senior officers. There are no additional terms, conditions, or obligations specified beyond the disclosure of salary amounts.
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 |
| $ | 1,128,433 |
|
| Ara K. Hovnanian |
| $ | 1,092,606 |
|
| Paul W. Buchanan |
| $ | 287,000 |
|
| Peter S. Reinhart |
| $ | 307,500 |
|
| J. Larry Sorsby |
| $ | 500,000 |
|
| David G. Valiaveedan |
| $ | 256,250 |
|
