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NVR, Inc.

        Nominating Committee Policies and Procedures for the Consideration of
                          Board of Director Candidates


The following amended and restated policies and procedures were adopted by the NVR, Inc.
(the “Company”) Nominating Committee (the “Committee”) on November 1, 2005:

I.     Policy Regarding Director Candidates Recommended by Security Holders.

       A.     The Company will consider all director candidates recommended by
              shareholders owning at least 5% of the Company’s outstanding shares at all
              times during the preceding year that meet the qualifications established by the
              Board of Directors (the “Board”).

II.    Director Minimum Qualifications.

       A.     Each director nominee is evaluated in the context of the full Board’s
              qualifications as a whole, with the objective of establishing a Board that can best
              perpetuate the success of the Company’s business and represent shareholder
              interests through the exercise of sound judgment. Each director nominee will be
              evaluated considering the relevance to the Company of the director nominee’s
              respective skills and experience, which must be complementary to the skills and
              experience of the other members of the Board;

       B.     A substantial majority of the Board shall be independent as defined by the
              applicable exchange on which the Company’s shares are listed. The Audit,
              Compensation, Corporate Governance, Nominating and Qualified Legal
              Compliance Committees will be comprised solely of independent directors;

       C.     Director nominees must possess a general understanding of marketing, finance
              and other elements relevant to the success of a large publicly-traded company in
              today’s business environment, and an understanding of the Company’s business
              on an operational level;

       D.     Each director may be assigned committee responsibilities. A director nominee’s
              educational and professional backgrounds must be consistent with the director
              nominee’s committee assignment (e.g., director nominees who will be assigned
              to the audit committee must be financially literate as defined within the
              Company’s Audit Committee Charter);

       E.     Director nominees must demonstrate a willingness to devote the appropriate
              time to fulfilling Board duties;




                                               1
F.     Director nominees shall not represent a special interest or special interest group
              whose agenda is inconsistent with the Company’s goals and objectives or whose
              approach and methods are inconsistent with what the Board believes is in the
              best interest of the Company’s shareholders; and

       G.     Director nominees shall not be a distraction to the Board, nor shall a director
              nominee be disruptive to the achievement of the Company’s business mission,
              goals and objectives.

III.   Procedures for Consideration of Security Holder Nominations.

       A.     Security holder nominations must include ALL of the information described in
              paragraphs C. through H. below and must be received in its entirety by the 120th
              calendar day before the date of the company’s proxy statement released to
              security holders in connection with the previous year’s annual meeting to be
              considered for the next scheduled annual meeting of shareholders;

       B.     Security holder nominations must be in writing and submitted via registered
              mail or overnight delivery service to the Nominating Committee Chairman at
              the Company’s corporate headquarters’ address;

       C.     Supporting documentation must be submitted that allows the Nominating
              Committee to verify ownership of not less than 5% of the Company’s
              outstanding shares at all times during the immediately preceding year;

       D.     The shareholder must submit an affidavit from the director nominee stating that
              if elected, the director nominee is willing and able to serve on the Company’s
              Board for the full term to which the director nominee would be elected. The
              affidavit must also acknowledge that the director nominee is aware of, has read
              and understands the Company’s Code of Ethics, Standards of Business Conduct,
              Corporate Governance Guidelines, and Board of Director Committee Charters
              (collectively, the “Corporate Governance Documents”), and further that the
              director nominee acknowledges that, if elected, the director nominee is subject
              to and will abide by the Corporate Governance Documents;

       E.     The director nominee must submit a signed independence questionnaire. This
              questionnaire shall be distributed to the director nominee upon receipt of a
              properly delivered security holder director nomination request, and must be
              returned within five days of receipt via registered mail or overnight delivery
              service to the Company’s Corporate Secretary and Nominating Committee
              Chairman, or designee;

       F.     The shareholder must submit documentation as to the director nominee’s
              qualifications, which at a minimum must include:

              1.     A complete biography;



                                              2
2.     Full employment history, including current primary occupation;

             3.     A signed consent form and waiver authorizing the Company to perform a
                    full background investigation of the director nominee, including criminal
                    and credit history, from a security firm acceptable to the Company in its
                    sole discretion, an original report of which must be sent directly from the
                    security firm to the Company’s Corporate Secretary and Nominating
                    Committee Chairman, or designee;

             4.     Documentation of educational levels attained, complete with official
                    transcripts issued directly by the educational institution and sent directly
                    from the educational institution to the Company’s Corporate Secretary
                    and Nominating Committee Chairman, or designee. The Nominating
                    Committee may waive this requirement if the security firm performing
                    the background investigation verifies that the director nominee
                    completed the educational levels indicated by the director nominee;

             5.     Disclosure of all special interests and all political and organizational
                    affiliations; and

             6.     A complete list of clients if the director nominee is a consultant, attorney
                    or other professional service provider;

      G.     The shareholder must submit any additional information required to be included
             in the Company’s proxy statement for director nominees which determination
             will be made by the Company in its sole and absolute discretion (including,
             without limitation, information regarding business experience, involvement in
             legal proceedings, security ownership and transactions with the Company or
             management); and

      H.     The information submitted by the security holder must include relevant contact
             information (e.g., address, phone numbers) for the submitting shareholder and
             the director nominee.

IV.   Identification and Evaluation of Director Candidates.

      A.     For directors standing for reelection, the Nominating Committee may consider:

             1.     The general qualifications as noted above;

             2.     The director’s attendance at Board and Committee meetings; and

             3.     The director’s participation and contributions to Board activities.




                                              3
B.   The Nominating Committee may consider the following when identifying and
     evaluating an individual who is not currently a Company director:

     1.     Use of outside executive search firms or referrals, as appropriate; and

     2.     Consideration of the Company’s minimum director qualifications as
            noted above in light of the specific qualifications possessed by the
            individual being considered; and

C.   Regardless of the source of the nomination, individuals being considered for
     nomination to the Company’s Board, who are not currently directors, must
     provide to the Company the information described in Section III, paragraphs D –
     H.




                                     4

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nvr Nominating%20Proceduresnew

  • 1. NVR, Inc. Nominating Committee Policies and Procedures for the Consideration of Board of Director Candidates The following amended and restated policies and procedures were adopted by the NVR, Inc. (the “Company”) Nominating Committee (the “Committee”) on November 1, 2005: I. Policy Regarding Director Candidates Recommended by Security Holders. A. The Company will consider all director candidates recommended by shareholders owning at least 5% of the Company’s outstanding shares at all times during the preceding year that meet the qualifications established by the Board of Directors (the “Board”). II. Director Minimum Qualifications. A. Each director nominee is evaluated in the context of the full Board’s qualifications as a whole, with the objective of establishing a Board that can best perpetuate the success of the Company’s business and represent shareholder interests through the exercise of sound judgment. Each director nominee will be evaluated considering the relevance to the Company of the director nominee’s respective skills and experience, which must be complementary to the skills and experience of the other members of the Board; B. A substantial majority of the Board shall be independent as defined by the applicable exchange on which the Company’s shares are listed. The Audit, Compensation, Corporate Governance, Nominating and Qualified Legal Compliance Committees will be comprised solely of independent directors; C. Director nominees must possess a general understanding of marketing, finance and other elements relevant to the success of a large publicly-traded company in today’s business environment, and an understanding of the Company’s business on an operational level; D. Each director may be assigned committee responsibilities. A director nominee’s educational and professional backgrounds must be consistent with the director nominee’s committee assignment (e.g., director nominees who will be assigned to the audit committee must be financially literate as defined within the Company’s Audit Committee Charter); E. Director nominees must demonstrate a willingness to devote the appropriate time to fulfilling Board duties; 1
  • 2. F. Director nominees shall not represent a special interest or special interest group whose agenda is inconsistent with the Company’s goals and objectives or whose approach and methods are inconsistent with what the Board believes is in the best interest of the Company’s shareholders; and G. Director nominees shall not be a distraction to the Board, nor shall a director nominee be disruptive to the achievement of the Company’s business mission, goals and objectives. III. Procedures for Consideration of Security Holder Nominations. A. Security holder nominations must include ALL of the information described in paragraphs C. through H. below and must be received in its entirety by the 120th calendar day before the date of the company’s proxy statement released to security holders in connection with the previous year’s annual meeting to be considered for the next scheduled annual meeting of shareholders; B. Security holder nominations must be in writing and submitted via registered mail or overnight delivery service to the Nominating Committee Chairman at the Company’s corporate headquarters’ address; C. Supporting documentation must be submitted that allows the Nominating Committee to verify ownership of not less than 5% of the Company’s outstanding shares at all times during the immediately preceding year; D. The shareholder must submit an affidavit from the director nominee stating that if elected, the director nominee is willing and able to serve on the Company’s Board for the full term to which the director nominee would be elected. The affidavit must also acknowledge that the director nominee is aware of, has read and understands the Company’s Code of Ethics, Standards of Business Conduct, Corporate Governance Guidelines, and Board of Director Committee Charters (collectively, the “Corporate Governance Documents”), and further that the director nominee acknowledges that, if elected, the director nominee is subject to and will abide by the Corporate Governance Documents; E. The director nominee must submit a signed independence questionnaire. This questionnaire shall be distributed to the director nominee upon receipt of a properly delivered security holder director nomination request, and must be returned within five days of receipt via registered mail or overnight delivery service to the Company’s Corporate Secretary and Nominating Committee Chairman, or designee; F. The shareholder must submit documentation as to the director nominee’s qualifications, which at a minimum must include: 1. A complete biography; 2
  • 3. 2. Full employment history, including current primary occupation; 3. A signed consent form and waiver authorizing the Company to perform a full background investigation of the director nominee, including criminal and credit history, from a security firm acceptable to the Company in its sole discretion, an original report of which must be sent directly from the security firm to the Company’s Corporate Secretary and Nominating Committee Chairman, or designee; 4. Documentation of educational levels attained, complete with official transcripts issued directly by the educational institution and sent directly from the educational institution to the Company’s Corporate Secretary and Nominating Committee Chairman, or designee. The Nominating Committee may waive this requirement if the security firm performing the background investigation verifies that the director nominee completed the educational levels indicated by the director nominee; 5. Disclosure of all special interests and all political and organizational affiliations; and 6. A complete list of clients if the director nominee is a consultant, attorney or other professional service provider; G. The shareholder must submit any additional information required to be included in the Company’s proxy statement for director nominees which determination will be made by the Company in its sole and absolute discretion (including, without limitation, information regarding business experience, involvement in legal proceedings, security ownership and transactions with the Company or management); and H. The information submitted by the security holder must include relevant contact information (e.g., address, phone numbers) for the submitting shareholder and the director nominee. IV. Identification and Evaluation of Director Candidates. A. For directors standing for reelection, the Nominating Committee may consider: 1. The general qualifications as noted above; 2. The director’s attendance at Board and Committee meetings; and 3. The director’s participation and contributions to Board activities. 3
  • 4. B. The Nominating Committee may consider the following when identifying and evaluating an individual who is not currently a Company director: 1. Use of outside executive search firms or referrals, as appropriate; and 2. Consideration of the Company’s minimum director qualifications as noted above in light of the specific qualifications possessed by the individual being considered; and C. Regardless of the source of the nomination, individuals being considered for nomination to the Company’s Board, who are not currently directors, must provide to the Company the information described in Section III, paragraphs D – H. 4