0001193125-12-116184 Sample Contracts

HUDSON VALLEY HOLDING CORP. DIRECTOR RESTRICTED STOCK AWARD AGREEMENT
Director Restricted Stock Award Agreement • March 15th, 2012 • Hudson Valley Holding Corp • State commercial banks • New York

Hudson Valley Holding Corp., a New York corporation (the “Company”), this (the “Award Date”) hereby grants to (the “Grantee”), a member of the board of directors of the Company, pursuant to the Company’s 2010 Omnibus Incentive Plan (the “Plan”), shares of the Common Stock, par value $0.20 per share, of the Company subject to the restrictions set forth herein (“Restricted Stock”) in the amount and on the terms and conditions hereinafter set forth.

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HUDSON VALLEY HOLDING CORP. INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • March 15th, 2012 • Hudson Valley Holding Corp • State commercial banks • New York

This Incentive Stock Option Agreement (the “Agreement”), is dated this day of , , by and between HUDSON VALLEY HOLDING CORP., a New York Corporation having its office and principal place of business at 21 Scarsdale Road, Yonkers, New York (the “Corporation”) and an individual residing at the “Optionee”).

HUDSON VALLEY HOLDING CORP. EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT
Employee Restricted Stock Award Agreement • March 15th, 2012 • Hudson Valley Holding Corp • State commercial banks • New York

Hudson Valley Holding Corp., a New York corporation (the “Company”), this (the “Award Date”) hereby grants to (the “Grantee”), an employee of the Company, pursuant to the Company’s 2010 Omnibus Incentive Plan (the “Plan”), shares of the Common Stock, par value $0.20 per share, of the Company subject to the restrictions set forth herein (“Restricted Stock”) in the amount and on the terms and conditions hereinafter set forth.

HUDSON VALLEY HOLDING CORP. CONSULTANT/ADVISOR RESTRICTED STOCK AWARD AGREEMENT
Consultant/Advisor Restricted Stock Award Agreement • March 15th, 2012 • Hudson Valley Holding Corp • State commercial banks • New York

Hudson Valley Holding Corp., a New York corporation (the “Company”), this (the “Award Date”) hereby grants to (the “Grantee”), a consultant or advisor of the Company or a subsidiary thereof, pursuant to the Company’s 2010 Omnibus Incentive Plan (the “Plan”), shares of the Common Stock, par value $0.20 per share, of the Company subject to the restrictions set forth herein (“Restricted Stock”) in the amount and on the terms and conditions hereinafter set forth.

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