Extension of Employment Agreement between NVR, Inc. and Paul C. Saville
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Summary
NVR, Inc. and Paul C. Saville have agreed to extend the term of their existing Amended and Restated Employment Agreement, originally dated November 4, 2015. The extension continues Saville's employment through December 31, 2025, with all other terms of the original agreement remaining unchanged. Both parties have signed to confirm their acceptance of this extension.
EX-10.1 2 ex101-extensionofemplo.htm EX-10.1 Document
November 4, 2020
Paul Saville
[Address on File]
Re: Extension of Employment Agreement
Dear Paul:
This letter confirms our agreement that the Amended and Restated Employment Agreement dated November 4, 2015 (the “Agreement”) between NVR, Inc. and you will be extended, pursuant to Sections 2 and 8.3 of the Agreement, through December 31, 2025, with no other changes made to the Agreement. Kindly sign below to confirm your agreement to this extension.
Sincerely,
/s/ Gary Brown
Gary Brown
Senior Vice President, Human Resources
Agreed and accepted:
/s/ Paul C. Saville
Paul C. Saville
Dated: November 4, 2020
