EX-10.3 4 ex103-extensionofemploymen.htm EX-10.3

Exhibit 10.3
November 5, 2025
Daniel Malzahn
[Address on File]
Re: Extension of Employment Agreement
Dear Dan:
This letter confirms our agreement that the Amended and Restated Employment Agreement dated November 4, 2015, between NVR, Inc. and you (the “Agreement”), as it has been amended in writing pursuant to the terms thereof, will be extended, pursuant to Sections 2 and 8.3 of the Agreement, through December 31, 2030, with no other changes made to the Agreement in conjunction with this extension. Kindly sign below to confirm your agreement to this extension.
Sincerely,
/s/ Lisa McCulley
Lisa McCulley
Senior Vice President, Human Resources
Agreed and accepted:
/s/ Daniel D. Malzahn
Daniel D. Malzahn
Dated: November 5, 2025