Third Amendment to M/I Homes, Inc. Director Deferred Compensation Plan

Summary

This amendment, effective January 1, 2005, modifies the M/I Homes, Inc. Director Deferred Compensation Plan. It allows directors to elect to defer a percentage of their eligible compensation each year, which will be allocated to their deferred compensation account and paid later according to the plan's terms. The amendment is executed by an authorized officer of M/I Homes, Inc.

EX-10.18 11 exhibit1018.htm EXHIBIT 10.18 Exhibit 10.18

Exhibit 10.18

THIRD AMENDMENT TO

M/I HOMES, INC.

DIRECTOR DEFERRED COMPENSATION PLAN

WHEREAS, M/I Homes, Inc. (“Company”) adopted the M/I Homes, Inc. Director Deferred Compensation Plan (“Plan”) to provide its Directors with an opportunity to defer all or a portion of their Eligible Compensation and to invest in the Company’s Common Shares;

WHEREAS, the Company also retained in Section 10 of the Plan the right to amend the Plan at any time;

NOW, THEREFORE, effective January 1, 2005:

Plan Section 4.B is amended by deleting the first sentence thereof and by substituting the following therefor:

With respect to each Plan Year, a Participant may elect to have a percentage of his Eligible Compensation which is to be paid to him by the Company, for the Plan Year in question, allocated to his Deferred Compensation Account and paid on a deferred basis pursuant to the terms of the Plan.

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by a duly authorized officer.

M/I HOMES, INC.

By:__________________________________

_____________________________________

Name (Please Print)

Title:_________________________________