0000950144-07-004762 Sample Contracts

HEALTHSPRING, INC. RESTRICTED SHARE AWARD AGREEMENT (Directors)
Restricted Share Award Agreement • May 14th, 2007 • HealthSpring, Inc. • Hospital & medical service plans • Delaware

THIS RESTRICTED SHARE AWARD AGREEMENT (this “Agreement”) is made and entered into as of the ___ day of , 2007 (the “Grant Date”), between HealthSpring, Inc., a Delaware corporation (the “Company”), and , the “Grantee”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in the HealthSpring, Inc. 2006 Equity Incentive Plan (the “Plan”).

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HEALTHSPRING, INC. NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • May 14th, 2007 • HealthSpring, Inc. • Hospital & medical service plans • Delaware

THIS NON-QUALIFIED STOCK OPTION AGREEMENT (this “Agreement”) is made and entered into as of this ___ day of , 2007 (the “Grant Date”), by and between HealthSpring, Inc., a Delaware corporation (together with its Subsidiaries and Affiliates, the “Company”), and (the “Optionee”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in the HealthSpring, Inc. 2006 Equity Incentive Plan (the “Plan”).

HEALTHSPRING, INC. INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • May 14th, 2007 • HealthSpring, Inc. • Hospital & medical service plans • Delaware

THIS INCENTIVE STOCK OPTION AGREEMENT (this “Agreement”) is made and entered into as of this ___ day of , 2007 (the “Grant Date”), by and between HealthSpring, Inc., a Delaware corporation (together with its Subsidiaries and Affiliates, the “Company”), and (the “Optionee”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in the HealthSpring, Inc. 2006 Equity Incentive Plan (the “Plan”).

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