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