Extension of

EX-10.3 4 ex103-extensionofemplo.htm EX-10.3 Document

November 4, 2020

Paul Praylo

[Address on File]

Re: Extension of Employment Agreement

Dear Paul:

This letter confirms our agreement that the Amended and Restated Employment Agreement dated January 28, 2019 (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 W. Praylo

Paul W. Praylo

Dated: November 4, 2020