Lennar enters aircraft time-sharing agreements with Executive Chairman and Co-CEO

LENNAR CORP /NEW/

Stuart Miller and Jonathan Jaffe each entered aircraft time-sharing agreements with Lennar subsidiary U.S. Home, LLC on Dec 4, 2023.
Executives will pay direct operating costs plus 100% of fuel expenses for personal flights from a $100,000 prepayment fund.
Company retains sole discretion over scheduling and operational control; prior planned use takes precedence.
Agreements supplement existing 2015/2017 arrangements; either party may terminate on 30 days' notice.

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