Extension of Employment Agreement between NVR, Inc. and Paul W. Praylo

Contract Categories: Human Resources › Employment Agreements
Summary

NVR, Inc. and Paul W. Praylo have agreed to extend the term of their existing Amended and Restated Employment Agreement, originally dated January 28, 2019. The extension continues the agreement through December 31, 2025, with all other terms remaining unchanged. Both parties have signed to confirm their acceptance of this extension.

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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