Nonqualified Stock Option Grant Agreement for Employees and Directors Sample Contracts

Participant Full Name> Dear <Participant First Name>
Nonqualified Stock Option Grant Agreement for Employees and Directors • February 29th, 2012 • HMS Holdings Corp • Services-business services, nec

Congratulations, you have been awarded a stock option grant in recognition of your contributions to the success of HMS Holdings Corp. (the “Company”) and its Affiliates. A stock option grant gives you the right to purchase a specific number of shares of the Company’s common stock at a fixed price, assuming that you satisfy conditions of the Company’s Fourth Amended and Restated 2006 Stock Plan (the “Plan”) and the implementing agreement. We would like you to have an opportunity to share in the continued success of the Company through this stock option grant under the Plan. The following represents a brief description of your grant. Additional details regarding your award are provided in the attached Nonqualified Stock Option Agreement (the “Grant Agreement”) and in the Plan.

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