Document:

HUDSON CITY BANCORP, INC.
                  STOCK OPTION AGREEMENT FOR DENIS J. SALAMONE

Denis J. Salamone
-----------------------------------------------        -------------------------
Name                                                     Social Security Number

440 Hillcrest Road
--------------------------------------------------------------------------------
Street Address

Ridgewood                                    New Jersey                 07450
---------------------------------------      ------------------         --------
City                                         State                      Zip Code

This Stock Option Agreement is intended to set forth the terms and conditions on
which a Stock Option has been granted. Set forth below are the specific terms
and conditions applicable to this Stock Option. Attached as Exhibit A are its
general terms and conditions.

<TABLE>
<CAPTION>
==================================================================================================================
           Option Grant                   (A)             (B)            (C)             (D)             (E)
==================================================================================================================
<S>                                     <C>            <C>             <C>             <C>            <C>
Grant Date:                             10/29/01       10/29/01        10/29/01        10/29/01       10/29/01
------------------------------------------------------------------------------------------------------------------
Class of Optioned Shares*                Common         Common          Common          Common         Common
------------------------------------------------------------------------------------------------------------------
No. of Optioned Shares*                  32,000         32,000          32,000          32,000         32,000
------------------------------------------------------------------------------------------------------------------
Exercise Price per Share*
------------------------------------------------------------------------------------------------------------------
Option Type (ISO or NQSO)                 NQSO           NQSO            NQSO            NQSO           NQSO
------------------------------------------------------------------------------------------------------------------
             VESTING:
------------------------------------------------------------------------------------------------------------------
Earliest Exercise Date*                 1/13/02         1/13/03        1/13/04         1/13/05         1/13/06
------------------------------------------------------------------------------------------------------------------
Option Expiration Date*                 10/28/11       10/28/11        10/28/11        10/28/11       10/28/11
==================================================================================================================
</TABLE>

* Subject to adjustment as provided in the Hudson City Bancorp, Inc. 2000 Stock
Option Plan and the General Terms and Conditions

By signing where indicated below, Hudson City Bancorp, Inc. (the "Company")
grants this Stock Option upon the specified terms and conditions, and the
Optionee acknowledges receipt of this Stock Option Agreement, including Exhibit
A, and agrees to observe and be bound by the terms and conditions set forth
herein and acknowledges receipt of a copy of the related Prospectus dated
November 9, 2001.

HUDSON CITY BANCORP, INC.                               DENIS J. SALAMONE

By    __________________________                        ________________________
      Name:  Donald O. Quest                            Denis J. Salamone
      Title: Chairman, Compensation Committee

INSTRUCTIONS: This Agreement should be completed by or on behalf of the
Compensation Committee. Any blank space intentionally left blank should be
crossed out. An option grant consists of a number of optioned shares with
uniform terms and conditions. Where options are granted on the same date with
varying terms and conditions (for example, varying exercise prices or earliest
exercise dates), the options should be recorded as a series of grants each with
its own uniform terms and conditions.

<PAGE>

                                                                       EXHIBIT A
                                                                       ---------
                            HUDSON CITY BANCORP, INC.
                  STOCK OPTION AGREEMENT FOR DENIS J. SALAMONE

                          GENERAL TERMS AND CONDITIONS

          SECTION 1. OPTION SIZE AND TYPE. The number of shares of Common Stock,
par value $.01 per share ("Shares"), that have been optioned to you is specified
in this Stock Option Agreement. If the "Option Type" shown for your stock option
is "ISO", then your stock option has been designed with the intent that it
qualify to the maximum permissible extent for the special tax benefits
applicable to incentive stock options under the Internal Revenue Code of 1986.
If the "Option Type" shown for your stock options is "NQSO", then incentive
stock option tax treatment is not applicable.

          SECTION 2. EXERCISE PRICE. The Exercise Price for your stock options
is the price per Share at which you may acquire the Shares that have been
optioned to you and is specified in this Stock Option Agreement. As a general
rule, the Exercise Price for your stock options will not change unless there is
a stock split, stock dividend, merger or other major corporate event that
justifies an adjustment.

          SECTION 3.  VESTING.

          (A) EARLIEST EXERCISE DATE. You may not exercise your stock options
until they are vested. The date on which your stock options become vested is
specified in this Stock Option Agreement as the Earliest Exercise Date. As a
general rule, you must be in the service of the Company on an Earliest Exercise
Date in order to be vested in the stock options that vest on that date. You may
acquire the Shares that have been optioned to you by exercising your stock
options at any time during the period beginning on the Earliest Exercise Date
and continuing until the applicable Option Expiration Date, by completing and
filing the Notice of Exercise of Stock Option that is attached to this Stock
Option Agreement as Appendix A and by following the procedures outlined therein.

          (B) FORFEITURES. If you terminate service with the Company prior to an
Earliest Exercise Date, you will forfeit any stock options that are scheduled to
vest on that date. When you forfeit stock options, you relinquish any and all
rights that you have to acquire the Shares that were optioned to you.

          (C) ACCELERATED VESTING. All of your outstanding stock options that
have not previously vested will become fully and immediately vested, without any
further action on your part, in the event of your death or Disability (as
defined in the Hudson City Bancorp, Inc. 2000 Stock Option Plan (the "Plan"))
before your termination of service with the Company. In addition, if your
service terminates due to Retirement (as defined in the Plan) or if a Change of
Control (as defined in the Plan) occurs before you terminate service with the
Company, then any stock options not theretofore forfeited shall become
immediately vested on the date of your Retirement or the Change of Control. If
vesting accelerates, the accelerated vesting date will be the applicable
Earliest Exercise Date. You may designate a beneficiary to inherit your rights
to any vested, unexercised stock options that are outstanding to you at your
death using the Beneficiary Designation attached as Appendix B.

          SECTION 4. OPTION EXPIRATION DATE. To derive any benefit from your
stock options, you must exercise them during the period that begins on the
applicable Earliest Exercise Date and ends on the Option Expiration Date. The
Option Expiration Date for your stock options is specified in this Stock Option
Agreement. Your Option Expiration Date may be accelerated in the event of your
termination of service with the Company as follows:

                    (A) OPTIONS GRANTED TO ELIGIBLE EMPLOYEES. Your stock
          options will expire on the earliest of (i) the Option Expiration Date,
          (ii) three months after your termination of service with the Company
          for any reason other than death, Disability (as defined in the Plan),
          Retirement (as defined in the Plan), or Termination for Cause (as
          defined in the Plan); (iii) one year after your termination of service
          due to death, Disability or Retirement; and (iv) the date and time of
          your Termination for Cause.

                    (B) OPTIONS GRANTED TO OUTSIDE DIRECTORS. Your stock options
          will expire on the earlier of (i) the Option Expiration Date and (ii)
          the date and time of your removal as a director for cause under the
          Company's By-laws.

To qualify for the favorable tax treatment accorded to incentive stock options,
you (or, in the event of your death, your estate or designated beneficiaries)
must exercise any stock options that are designated as ISOs within three months
after you terminate service as a common-law employee of the Company and its
subsidiaries for any reason other than death or disability and within one year
after you terminate service as common-law employee due to your death or
disability. If they are exercised later, they will be subject to tax as if they
were designated as NQSOs.

          SECTION 5. AMENDMENT. This Agreement may be amended, in whole or in
part and in any manner not inconsistent with the provisions of the Plan, at any
time and from time to time, by written agreement between the Company and you.

          SECTION 6. PLAN PROVISIONS CONTROL. This Agreement and the rights and
obligations created hereunder shall be subject to all of the terms and
conditions of the Plan that would apply if this stock option had been granted
under the Plan. In the event of any conflict between the provisions of the Plan
and the provisions of this Agreement, the terms of the Plan, which are
incorporated herein by reference, shall control. Capitalized terms in this
agreement have the meaning defined in the Plan, as amended from time to time,
unless stated otherwise. By signing this Agreement, you acknowledge receipt of a
copy of the Plan and a copy of the Prospectus for this stock option dated
November 9, 2001.

<PAGE>

                      APPENDIX A TO STOCK OPTION AGREEMENT
          HUDSON CITY BANCORP, INC. DENIS J. SALAMONE STOCK OPTION PLAN
                       NOTICE OF EXERCISE OF STOCK OPTION

USE THIS NOTICE TO INFORM HUDSON CITY BANCORP, INC. THAT YOU ARE EXERCISING YOUR
RIGHT TO PURCHASE SHARES OF COMMON STOCK ("SHARES") OF HUDSON CITY BANCORP, INC.
PUR SUANT TO AN OPTION ("OPTION") GRANTED UNDER THE STOCK OPTION AGREEMENT
BETWEEN HUDSON CITY BANOCORP, INC. AND DENIS J. SALAMONE DATED OCTOBER 29, 2001
(THE "OPTION AGREEMENT"). IF YOU ARE NOT THE PERSON TO WHOM THE OPTION WAS
GRANTED ("OPTION RECIPIENT"), YOU MUST ATTACH TO THIS NOTICE PROOF OF YOUR RIGHT
TO EXERCISE THE OPTION GRANTED UNDER THE STOCK OPTION AGREEMENT . THIS NOTICE
SHOULD BE PERSONALLY DELIVERED OR MAILED BY CERTIFIED MAIL, RETURN RECEIPT
REQUESTED TO: HUDSON CITY BANCORP, INC, WEST 80 CENTURY ROAD, PARAMUS, NEW
JERSEY 07652-1473, ATTENTION: CORPORATE SECRETARY. THE EFFECTIVE DATE OF THE
EXERCISE OF THE OPTION SHALL BE THE EARLIEST DATE PRACTICABLE FOLLOWING THE DATE
THIS NOTICE IS RECEIVED BY HUDSON CITY BANCORP, INC. BUT IN NO EVENT MORE THAN
THREE DAYS AFTER SUCH DATE ("EFFECTIVE DATE"). EXCEPT AS SPECIFICALLY PROVIDED
TO THE CONTRARY HEREIN, CAPITALIZED TERMS SHALL HAVE THE MEANINGS ASSIGNED TO
THEM UNDER THE HUDSON CITY BANCORP, INC. 2001 STOCK OPTION PLAN (THE "PLAN").

OPTION INFORMATION      IDENTIFY BELOW THE OPTION THAT YOU ARE EXERCISING BY
                        PROVIDING THE FOLLOWING INFORMATION FROM THE STOCK
                        OPTION AGREEMENT.

  NAME OF OPTION RECIPIENT:  ____________________________________________

  OPTION GRANT DATE:  ______________, ______  EXERCISE PRICE PER SHARE:$_____.__
                      (MONTH AND DAY) (YEAR)
EXERCISE PRICE  COMPUTE THE EXERCISE PRICE BELOW AND SELECT A METHOD OF PAYMENT.

  TOTAL EXERCISE PRICE ________________ x  $__________.______ =  $______________
                       (No. of Shares)     (Exercise Price)      Total Exercise
                                                                 Price
         METHOD OF PAYMENT
            |_|   I enclose a certified check, money order, or bank     $_______
                  draft payable to the order of Hudson City Bancorp,
                  Inc. in the amount of $

            |_|   I enclose Shares duly endorsed for transfer to        $_______
                  Hudson City Bancorp, Inc. with all stamps attached
                  and having a fair market value of $

                  Total Exercise Price                                  $_______

ISSUANCE OF CERTIFICATES
I hereby direct that the stock certificates representing the Shares purchased
pursuant to section 2 above be issued to the following person(s) in the amount
specified below:

             NAME AND ADDRESS           SOCIAL SECURITY NO.        NO. OF SHARES

_________________________________
                                        ______-___-______          _____________
_________________________________

_________________________________
                                        ______-___-______          _____________
_________________________________

WITHHOLDING ELECTIONS   FOR EMPLOYEE OPTION RECIPIENTS WITH NON-QUALIFIED STOCK
                        OPTIONS ONLY. BENEFICIARIES SHOULD NOT COMPLETE.

I understand that I am responsible for the amount of federal, state and local
taxes required to be withheld with respect to the Shares to be issued to me
pursuant to this Notice, but that I may request Hudson City Bancorp, Inc., to
retain or sell a sufficient number of such Shares to cover the amount to be
withheld. I hereby request that any taxes required to be withheld be paid in the
following manner [check one]:

       |_|      With a certified or bank check that I will deliver to the Hudson
                City Bancorp, Inc. on the day after the Effective Date of my
                Option exercise.

       |_|      With the proceeds from a sale of Shares that would otherwise be
                distributed to me.

       |_|      Retain shares that would otherwise be distributed to me.

I understand that the withholding elections I have made on this form are not
binding on the Committee, and that the Committee will decide the amount to be
withheld and the method of withholding and advise me of its decision prior to
the Effective Date. I further understand that the Committee may request
additional information or assurances regarding the manner and time at which I
will report the income attributable to the distribution to be made to me. I
further understand that if I have elected to have Shares sold to satisfy tax
withholding, I may be asked to pay a minimal amount of such taxes in cash in
order to avoid the sale of more Shares than are necessary.

COMPLIANCE WITH TAX AND SECURITIES LAWS

S   H             I understand that I must rely on, and consult with, my own
I   E             tax and legal counsel (and not Hudson City Bancorp, Inc.)
G   R             regarding the application of all laws -- particularly tax and
N   E             securities laws -- to the transactions to be effected pursuant
                  to my Option and this Notice. I understand that I will be
                  responsible for paying any federal, state and local taxes that
                  may become due upon the sale (including a sale pursuant to a
                  "cashless exercise") or other disposition of Shares issued
                  pursuant to this Notice and that I must consult with my own
                  tax advisor regarding how and when such income will be
                  reportable.

                  ------------------------------------------    ----------------
                                Signature                            Date

                 ---------------------------------------------------------------
                                            Address

                                INTERNAL USE ONLY

Received  [CHECK ONE]: | | By Hand  | |   By Mail Post Marked  _________________
                                                               DATE OF POST MARK

By
--------------------------------------------                   -----------------
          AUTHORIZED SIGNATURE                                  DATE OF RECEIPT

<PAGE>

                            HUDSON CITY BANCORP, INC.
                      APPENDIX B TO STOCK OPTION AGREEMENT
                              FOR DENIS J. SALAMONE

                          BENEFICIARY DESIGNATION FORM

GENERAL         USE THIS FORM TO DESIGNATE THE BENEFICIARY(IES) WHO WILL RECEIVE
INFORMATION     VESTED STOCK OPTIONS OUTSTANDING TO YOU  AT THE TIME OF YOUR
                DEATH.

Name of
Award                                                    Social Security Number
Recipient____________________________________________    _______--_____--_______

BENEFICIARY     COMPLETE SECTIONS A AND B. IF NO PERCENTAGE SHARES ARE
DESIGNATION     SPECIFIED, EACH BENEFICIARY IN THE SAME CLASS (PRIMARY OR
                CONTINGENT) SHALL HAVE AN EQUAL SHARE.  IF ANY DESIGNATED
                BENEFICIARY PREDECEASES YOU, THE SHARES OF EACH REMAINING
                BENEFICIARY IN THE SAME CLASS (PRIMARY OR CONTINGENT) SHALL BE
                INCREASED PROPORTIONATELY.

A. PRIMARY BENEFICIARY(IES). I hereby designate the following person as my
primary Beneficiary, reserving the right to change or revoke this designation at
any time prior to my death:

<TABLE>
<CAPTION>
            NAME                   ADDRESS                 RELATIONSHIP          BIRTH DATE        SHARE
<S>                          <C>                        <C>                     <C>              <C>
                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________

                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________

                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________
</TABLE>

B. CONTINGENT BENEFICIARY(IES). I hereby designate the following person(s) as my
contingent Beneficiary(ies) to receive benefits only if all of my primary
Beneficiaries should predecease me, reserving the right to change or revoke this
designation at any time prior to my death with respect to all outstanding Stock
Option:

<TABLE>
<CAPTION>
            NAME                   ADDRESS                 RELATIONSHIP          BIRTH DATE        SHARE
<S>                          <C>                        <C>                     <C>              <C>
                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________

                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________

                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________
</TABLE>

S   H   I understand that this Beneficiary Designation shall be effective only
I   E   if properly completed and received by the Corporate Secretary of Hudson
G   R   City Bancorp, Inc. prior to my death. I also understand that an
N   E   effective Beneficiary designation revokes my prior designation(s) with
        respect to all outstanding Stock Options.

        _________________________________________________       ________________
                          YOUR SIGNATURE                             DATE

                               INTERNAL USE ONLY

This Beneficiary Designation was received                       Comments
by the Corporate Secretary of Hudson City
Bancorp, Inc. on the date indicated.

By___________________________    ________
      Authorized Signature         DateHUDSON CITY BANCORP, INC.
                                DENIS J. SALAMONE
                          RESTRICTED STOCK AWARD NOTICE

Denis J. Salamone
---------------------------------------------        ---------------------------
Name                                                 Social Security Number

440 Hillcrest Road
--------------------------------------------------------------------------------
Street Address

Ridgewood                                 New Jersey                 07450
----------------------------------        -------------------        -----------
City                                      State                      Zip Code

This Restricted Stock Award Notice is intended to set forth the terms and
conditions on which an Award has been granted. Set forth below are the specific
terms and conditions applicable to this Award. Attached as Exhibit A are its
general terms and conditions.

<TABLE>
<CAPTION>
===========================================================================================================================
        Restricted Stock Award                (A)              (B)              (C)              (D)              (E)
===========================================================================================================================
<S>                                        <C>              <C>              <C>              <C>              <C>
Effective Date:                            11/09/01         11/09/01         11/09/01         11/09/01         11/09/01
---------------------------------------------------------------------------------------------------------------------------
Class of Shares*                            Common           Common           Common           Common           Common
---------------------------------------------------------------------------------------------------------------------------
No. of Awarded Shares*                      20,000           20,000           20,000           20,000           20,000
---------------------------------------------------------------------------------------------------------------------------
Type of Award (Escrow or
Legended Certificate)
---------------------------------------------------------------------------------------------------------------------------
Vesting Date*                              04/20/02         04/20/03         04/20/04         04/20/05         04/20/06
===========================================================================================================================
</TABLE>

* Subject to adjustment as provided in the Hudson City Bancorp, Inc. 2000
Recognition and Retention Plan and the General Terms and Conditions

By signing where indicated below, Hudson City Bancorp, Inc. (the "Company")
grants this Award upon the specified terms and conditions, and the Award
Recipient acknowledges receipt of this Restricted Stock Award Notice, including
Exhibit A, and agrees to observe and be bound by the terms and conditions set
forth herein and acknowledges receipt of a copy of the Prospectus for this Award
dated November 9, 2001.

HUDSON CITY BANCORP, INC.                               AWARD RECIPIENT

By
   ---------------------------------------------        ------------------------
   Name: Donald O. Quest                                Denis J. Salamone
   Title: Chairman, Compensation Committee

INSTRUCTIONS: This Agreement should be completed by or on behalf of the
Compensation Committee. Any blank space intentionally left blank should be
crossed out. An Award consists of shares granted with uniform terms and
conditions. Where shares granted under an Award are awarded on the same date
with varying terms and conditions (for example, varying vesting dates), the
awards should be recorded as a series of grants each with its own uniform terms
and conditions.

<PAGE>

                                                                       EXHIBIT A
                                                                       ---------
                            HUDSON CITY BANCORP, INC.
                                DENIS J. SALAMONE
                    RESTRICTED STOCK AWARD FOR DENIS SALAMONE
                    -----------------------------------------

                          GENERAL TERMS AND CONDITIONS

    SECTION 1. SIZE AND TYPE OF AWARD. The shares of Common Stock, par value
$.01 per share, of Hudson City Bancorp, Inc. ("Shares") covered by this Award
("Awarded Shares") are listed on this Restricted Stock Award Notice. Your
Restricted Stock Award Notice designates the Awarded Shares as either "Escrow "
or "Legended Certificate".

                    (A) LEGENDED CERTIFICATE. If your Awarded Shares are
        designated "Legended Certificate," a stock certificate evidencing the
        Awarded Shares will be issued in your name and held in a brokerage
        account at Deutsche Banc Alex. Brown Inc., the 2000 Recognition and
        Retention Plan Trustee ("Plan Trustee"). The stock certificate will bear
        a legend indicating that it is subject to all of the terms and
        conditions of this Award Notice and the Hudson City Bancorp, Inc. 2000
        Recognition and Retention Plan ("Plan") as though this Award had been
        made under the Plan. You will be required to elect to be taxed on the
        Fair Market Value of the Awarded Shares as of the date they are placed
        in the brokerage account in your name, pursuant to section 83(b) of the
        Internal Revenue Code of 1986. You must make this election in writing,
        in the manner required by applicable Internal Revenue Service
        Regulations, and file it with the Internal Revenue Service and the
        Company within 30 days after the date on which the Awarded Shares are
        placed in your brokerage account.

                    (B) ESCROW. If your Awarded Shares are designated "Escrow,"
        the Awarded Shares will either be held in the name of the Plan Trustee
        on a pooled basis with other Awarded Shares that have been designated
        "Escrow," or they will be evidenced by a legended stock certificate in
        your name that will be placed in a brokerage account for you at Deutsche
        Banc Alex. Brown Inc. You will not be permitted to elect to be taxed
        currently on the Fair Market Value of the Awarded Shares and instead
        will be subject to income tax on the Awarded Shares as and when they
        become vested.

        SECTION 2. VESTING.

        (A) VESTING DATES. The Vesting Dates for your Awarded Shares are
specified on this Award Notice. On each Vesting Date, you will obtain
unrestricted ownership of the Awarded Shares that vest on that Vesting Date. A
stock certificate (or a book entry listing) evidencing your unrestricted
ownership of the vested Awarded Shares will be deposited in your brokerage
account at Deutsche Banc Alex. Brown Inc. If a legended stock certificate
evidencing these Awarded Shares was previously placed in your brokerage account,
it will be exchanged for an unrestricted certificate or book entry listing.

        (B) FORFEITURES. If you terminate service with the Company prior to a
Vesting Date, you will forfeit any Awarded Shares that are scheduled to vest on
that date. When you forfeit Awarded Shares, all of your interest in the Awarded
Shares will be canceled and any stock certificate or other evidence of ownership
that was placed in a brokerage account for you will be returned to the Plan
Trustee to be used for future awards to others. You agree to take any action and
execute and deliver any document that the Company requests to effect the return
of your unvested Awarded Shares. In the event you do not cooperate with the
Company in this regard, you hereby appoint and designate the Company as your
attorney-in-fact for the purpose of taking any action and signing any document,
in your name, which the Company determines is necessary to enforce the
forfeiture.

        (C) ACCELERATED VESTING. All of your Awarded Shares that have not
previously vested will become fully vested immediately, and without any further
action on your part, in the event of your death or Disability (as defined in the
Plan) before your termination of service with the Company. In addition, if your
service terminates due to Retirement (as defined in the Plan) or in the event a
Change of Control (as defined in the Plan) occurs before you terminate service
with the Company, then any Awarded Shares not theretofore forfeited shall become
immediately vested on the date of your Retirement or the Change of Control. In
the event of Retirement, unrestricted ownership of your Awarded Shares will not
be transferred to you until January 1st of the calendar year following the
calendar year in which your retirement occurs. You may designate a Beneficiary
to receive any Awarded Shares that vest upon your death using the Beneficiary
Designation attached as Appendix A.

        (D) DEFINITION OF SERVICE. For purposes of determining the vesting of
your Awarded Shares, you will be deemed to be in the service of the Company for
so long as you serve in any capacity as an employee, officer, non-employee
director or consultant of the Company or Hudson City Savings Bank.

        SECTION 3. DIVIDENDS. If your Awarded Shares are in the form of Legended
Certificates, any dividends declared by the Company with a record date that is
after the Effective Date specified in this Award Notice will be credited to your
brokerage account at Deutsche Banc Alex. Brown Inc. for your benefit on an
unrestricted basis. If your Awarded Shares are designated "Escrow", you will
receive the dividends on an unrestricted basis, but they will be paid to you by,
and will be taxable in the same manner as other compensation paid to you by, the
Company; by signing this Award Notice and accepting its terms, you direct
Deutsche Banc Alex. Brown Inc. and/or the Plan Trustee to remit to the Company
for payment to you any dividends that either of them may receive as the record
holder of your unvested Awarded Shares.

        SECTION 4. VOTING RIGHTS. You shall have the right to control all voting
rights relating to all unvested Awarded Shares. If your Awarded Shares are
placed in your brokerage account at Deutsche Banc Alex. Brown Inc., you will
receive proxy materials for voting in the same manner as other shareholders with
Shares in brokerage accounts. If your unvested Awarded Shares are held by the
Plan Trustee, the Plan Trustee will ask you for voting directions and will
follow your directions in voting your unvested Awarded Shares.

        SECTION 5. AMENDMENT. This Award Notice may be amended, in whole or in
part and in any manner not inconsistent with the provisions of the Plan, at any
time and from time to time, by written agreement between you and the Company.

        SECTION 6. PLAN PROVISIONS CONTROL. This Award Notice, and the rights
and obligations created hereunder, shall be subject to all of the terms and
conditions of the Plan that would apply if this Award were being made under the
Plan. In the event of any conflict between the provisions of the Plan and the
provisions of this Award Notice, the terms of the Plan, which are incorporated
herein by reference, shall control. By signing this Award Notice, you
acknowledge receipt of a copy of the Plan and a copy of the Prospectus for this
Award dated November 9, 2000.

<PAGE>

           APPENDIX B TO RESTRICTED STOCK AWARD FOR DENIS J. SALAMONE

                          BENEFICIARY DESIGNATION FORM

GENERAL         USE THIS FORM TO DESIGNATE THE BENEFICIARY(IES) WHO WILL RECEIVE
INFORMATION     VESTED STOCK OPTIONS OUTSTANDING TO YOU  AT THE TIME OF YOUR
                DEATH.

Name of
Award                                                    Social Security Number
Recipient____________________________________________    _______--_____--_______

BENEFICIARY     COMPLETE SECTIONS A AND B. IF NO PERCENTAGE SHARES ARE
DESIGNATION     SPECIFIED, EACH BENEFICIARY IN THE SAME CLASS (PRIMARY OR
                CONTINGENT) SHALL HAVE AN EQUAL SHARE.  IF ANY DESIGNATED
                BENEFICIARY PREDECEASES YOU, THE SHARES OF EACH REMAINING
                BENEFICIARY IN THE SAME CLASS (PRIMARY OR CONTINGENT) SHALL BE
                INCREASED PROPORTIONATELY.

A. PRIMARY BENEFICIARY(IES). I hereby designate the following person as my
primary Beneficiary, reserving the right to change or revoke this designation at
any time prior to my death:

<TABLE>
<CAPTION>
            NAME                   ADDRESS                 RELATIONSHIP          BIRTH DATE        SHARE
<S>                          <C>                        <C>                     <C>              <C>
                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________

                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________

                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________
</TABLE>

B. CONTINGENT BENEFICIARY(IES). I hereby designate the following person(s) as my
contingent Beneficiary(ies) to receive benefits only if all of my primary
Beneficiaries should predecease me, reserving the right to change or revoke this
designation at any time prior to my death with respect to all outstanding Stock
Option:

<TABLE>
<CAPTION>
            NAME                   ADDRESS                 RELATIONSHIP          BIRTH DATE        SHARE
<S>                          <C>                        <C>                     <C>              <C>
                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________

                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________

                             _____________________      __________________      ______________   ___________%
_________________________
                             _____________________
</TABLE>

S   H   I understand that this Beneficiary Designation shall be effective only
I   E   if properly completed and received by the Corporate Secretary of Hudson
G   R   City Bancorp, Inc. prior to my death. I also understand that an
N   E   effective Beneficiary designation revokes my prior designation(s) with
        respect to all outstanding Stock Options.

        _________________________________________________       ________________
                          YOUR SIGNATURE                             DATE

                               INTERNAL USE ONLY

This Beneficiary Designation was received                       Comments
by the Corporate Secretary of Hudson City
Bancorp, Inc. on the date indicated.

By___________________________    ________
      Authorized Signature         Date

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