0000813562-04-000081 Sample Contracts

STOCK OPTION AGREEMENT
Stock Option Agreement • November 15th, 2004 • National Medical Health Card Systems Inc • Insurance agents, brokers & service

STOCK OPTION AGREEMENT made as of October 4, 2004 between NATIONAL MEDICAL HEALTH CARD SYSTEMS, INC., a Delaware corporation (the "Company"), and Bill Masters (Optionee").

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STOCK OPTION AGREEMENT
Stock Option Agreement • November 15th, 2004 • National Medical Health Card Systems Inc • Insurance agents, brokers & service

STOCK OPTION AGREEMENT made as of the August __, 2004 between NATIONAL MEDICAL HEALTH CARD SYSTEMS, INC., a Delaware corporation (the “Company”), and James Smith (Optionee”).

EMPLOYMENT AGREEMENT
Employment Agreement • November 15th, 2004 • National Medical Health Card Systems Inc • Insurance agents, brokers & service • New York

The Employment Agreement dated as of October 4, 2004 (the “Effective Date”) is by and between National Medical Health Card Systems, Inc., a Delaware corporation (the “Company”), and Bill Masters (the “Executive”).

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