CENTEX CORP
FORM OF STOCK OPTION AGREEMENT
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<TYPE>EX-10.6A
<SEQUENCE>3
<FILENAME>d46887exv10w6a.htm
<DESCRIPTION>FORM OF STOCK OPTION AGREEMENT
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<DIV align="right" style="font-size: 10pt; margin-top: 6pt"><B>Exhibit&nbsp;10.6a</B></DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Employee and Executive Stock Options<BR>
2003 Plan
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    <TD width="15%">&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000; border-right: 1px solid #000000; border-left: 1px solid #000000">FY 2007 Stock Option Award</TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear <B>&#091;Full Name&#093;</B>:
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective May&nbsp;10, 2007 you have been granted a Non-qualified Option to purchase up to <B>&#091;amount&#093;</B>
shares of the common stock, par value $.25 per share, of Centex Corporation (the &#147;Company&#148;) for
$&#091;price&#093; per share (the &#147;Option&#148;). This Option is granted under the Centex Corporation Amended
and Restated 2003 Equity Incentive Plan (as such plan may be amended from time to time, the
&#147;Plan&#148;). A copy of the Plan is available to you upon request to the Law Department during the term
of this Option. This Option will terminate upon the close of business on May&nbsp;10, 2014, unless
earlier terminated as described herein or in the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Award will vest at the rate of 33 1/3% per year on each of March&nbsp;31, 2008, March&nbsp;31,
2009, and March&nbsp;31, 2010.<SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If for any reason you cease to be an employee of at least one of the employers in the group of
employers consisting of the Company and its Affiliates (i)&nbsp;this Option will immediately terminate
as to any unvested portion on the date of such cessation and (ii)&nbsp;any portion of this Option vested
but not exercised by you on or before such date of cessation may be exercised after such date only
as provided in the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may cancel and revoke this Option and/or replace it with a revised option at any
time if the Company determines, in its good faith judgment, that this Option was granted to you in
error or that this Option contains an error. In the event of such determination by the Company,
and written notice thereof to you at your business or home address, all of your rights and all of
the Company&#146;s obligations as to any unvested portion of this Option shall immediately terminate.
If the Company replaces this Option with a revised option, then you will have all of the benefits
conferred under the revised option, effective at such time as the new option goes into effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Option is subject to the Plan, and the Plan will govern where there is any inconsistency
between the Plan and this Option. The provisions of the Plan are also provisions of this Option,
and all terms, provisions and definitions set forth in the Plan are incorporated in this Option and
made a part of this Option for all purposes. Capitalized terms used but not defined in this Option
will have the meanings assigned to such terms in the Plan. This Option is subject to the Company&#146;s
Policy on Recoupment in Restatement Situations, and you agree that you will comply with the terms
of that Policy. This Option has been signed by Centex Corporation and delivered to you, and (when
signed by you) has been accepted by you effective as of May&nbsp;10, 2007.
</DIV>
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    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>ACCEPTED</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>CENTEX CORPORATION</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">as of _________________, 2007</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD align="left" valign="top">&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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   <TD align="left" valign="top">&nbsp;</TD>
    <TD nowrap colspan="0" align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#091;Name&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#091;Name&#093;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#091;Title&#093;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
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    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>The vesting schedule for &#147;discretionary
retention awards&#148; is as follows: This Award will vest at the rate of 20%
per year on each of March&nbsp;31, 2008, 2009, 2010, 2011 and 2012.</TD>
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