Document:

EX-10.3

 Exhibit 10.3 

COMPUTER PROGRAMS AND SYSTEMS, INC. 

2019 INCENTIVE PLAN 

PERFORMANCE SHARE AWARD AGREEMENT (Three-Year) 

This Performance Share Award Agreement (this “Agreement”) is made and entered into as of
            , 20     (the “Grant Date”) by and between Computer Programs & Systems, Inc., a Delaware corporation (the
“Company”) and                      (the “Grantee”). 

WHEREAS, the Company has adopted the Computer Programs and Systems, Inc. 2019 Incentive Plan (the “Plan”) pursuant to
which Performance Share Awards may be granted; and 
 WHEREAS, the Compensation Committee of the Board of Directors (the
“Committee”) has determined that it is in the best interests of the Company and its shareholders to grant the Performance Share Award provided for herein. 

NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows: 

1.    Grant of Performance Share Award. Pursuant to Section 7.3 of the Plan, the Company hereby grants to the Grantee a
Performance Share Award (this “Award”) for a target number of                  shares of Common Stock of the Company (the “Target
Award”). This Award represents the right to earn up to                      percent (    %) of the Target Award, subject
to the restrictions, conditions and other terms set forth in this Agreement. Capitalized terms that are used but not defined herein have the meanings ascribed to them in the Plan. 

2.    Performance Period. For purposes of this Agreement, the term “Performance Period” shall be the period commencing on
            , 20     and ending on             , 20    . 

3.    Performance Goal; Earned Shares. 

3.1    The number of shares of the Company’s Common Stock earned by the Grantee for the Performance Period will be
determined at the end of the Performance Period based on the level of achievement of the Performance Goal in accordance with Exhibit A. The Committee shall have the authority to adjust or modify the calculation of the Performance Goal for the
Performance Period in order to prevent the diminution or enlargement of the rights of the Grantee based on the following events: (a) asset write-downs; (b) litigation or claim judgments or settlements; (c) the effect of changes in tax
laws, accounting principles, or other laws or regulatory rules affecting reported results; (d) any reorganization and restructuring programs; (e) extraordinary nonrecurring items as described in Accounting Principles Board Opinion
No. 30 (or any successor or pronouncement thereto) and/or in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s annual report on Form
10-K for the applicable year; (f) acquisitions or divestitures; (g) any other specific unusual or nonrecurring events, or objectively determinable category thereof; and (h) a change in the
Company’s fiscal year. Subject to the terms of this Agreement, if the threshold level of the Performance Goal is not reached for the Performance Period, the Award and the Grantee’s right to receive any shares of the Company’s Common
Stock pursuant to this Agreement shall automatically expire and be forfeited without payment of any consideration, effective as of the 

 
last day of the Performance Period. All determinations of whether the Performance Goal has been achieved, the number of shares of the Company’s Common Stock earned by the Grantee, and all
other matters related to this Section 3 shall be made by the Committee in its sole discretion. 
 3.2    Promptly
following completion of the Performance Period, and in any event within two and one-half (21⁄2) months following the end of the Performance Period, (a) the Committee will review and certify in writing
(i) whether, and to what extent, the Performance Goal for the Performance Period has been achieved, and (ii) the number of shares of the Company’s Common Stock that the Grantee has earned and that are to be issued by the Company,
rounded to the nearest whole share (the “Earned Shares”), (b) the Company shall issue or cause to be issued in the name of the Grantee the number of shares of the Company’s Common Stock equal to the number of Earned Shares, if
any, and (c) the Company shall enter the Grantee’s name on the books of the Company as a shareholder of record of the Company with respect to the Earned Shares, if any, as of the date of the Committee’s written certification (the
“Certification Date”). Such written certification of the Committee shall be final, conclusive and binding on the Grantee, and on all other persons, to the maximum extent permitted by law. 

3.3    Except as provided in Section 4 or 5 of this Agreement, if the Grantee’s Continuous Service terminates
for any reason prior to the last day of the Performance Period, the Award and the Grantee’s right to receive any Earned Shares pursuant to this Agreement shall automatically expire and be forfeited without payment of any consideration,
effective as of the last day of the Performance Period. 
 4.    Termination of Continuous Service Due to Death or Disability.
Notwithstanding any provision of this Agreement to the contrary, if the Grantee’s Continuous Service terminates during the Performance Period as a result of the Grantee’s death or Disability, the Grantee will be issued a pro rata portion
of the Earned Shares otherwise issuable pursuant to Section 3 hereof, with such pro rata portion calculated by multiplying the number of Earned Shares that would have been issued had the Grantee’s Continuous Service not terminated during
the Performance Period by a fraction, the numerator of which equals the number of days that the Grantee was employed during the Performance Period and the denominator of which equals the total number of days in the Performance Period. Such pro rata
portion of the Earned Shares shall be issued in accordance with the timing specified in Section 3.2 hereof. 
 5.    Effect of
Change in Control. If there is a Change in Control of the Company during the Performance Period, then the Award shall be issuable at the Target Award level on the effective date of the Change in Control and shall be issued no later than five
(5) days following such Change in Control. 
 6.    Transferability. The Award and any rights relating thereto may not be
sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than in accordance with the terms of the Plan. 

7.    Rights as Shareholder. Prior to the issuance of any Earned Shares on the Certification Date, the Grantee shall not have any
rights of a shareholder of the Company with respect to the Award, including, but not limited to, voting rights and the right to receive or accrue dividends or 

  
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dividend equivalents. The Grantee shall be the record owner of any Earned Shares issued under this Agreement and shall be entitled to all of the rights of a shareholder of the Company including,
without limitation, the right to vote such Earned Shares and receive all dividends or other distributions paid with respect to such Earned Shares. 

8.    No Right to Continued Service. Neither the Plan nor this Agreement shall confer upon the Grantee any right to be retained in
any position or as an Employee of the Company. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company to terminate the Grantee’s Continuous Service at any time, with or without Cause. 

9.    Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the
Award shall be adjusted or terminated in any manner as contemplated by Section 11 of the Plan. 
 10.    Tax Liability and
Withholding. 
 10.1    The Grantee shall be required to pay to the Company, and the Company shall have the right to
deduct from any compensation paid to the Grantee pursuant to this Agreement or the Plan, the amount of any required withholding taxes in respect of the Earned Shares and to take all such other action as the Committee deems necessary to satisfy all
obligations for the payment of such withholding taxes. The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: 

(a)    tendering a cash payment; 

(b)    authorizing the Company to withhold shares of Common Stock from the Earned Shares otherwise issuable to the
Grantee; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or 

(c)    delivering to the Company previously owned and unencumbered shares of Common Stock that have been owned by the
Grantee for at least six (6) months. 
 10.2    Notwithstanding any action the Company takes with respect to any or
all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Grantee’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related
Items in connection with the grant of the Award or the issuance of the Earned Shares or the subsequent sale of any such shares, and (b) does not commit to structure the Award to reduce or eliminate the Grantee’s liability for Tax-Related Items. 
 11.    Compliance with Law. The issuance and transfer of shares of Common
Stock in connection with the Earned Shares shall be subject to compliance by the Company and the Grantee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the
Company’s shares of Common Stock may be listed. No shares of Common Stock shall be issued or transferred unless and until any then applicable requirements of state and federal laws and regulatory agencies have been fully complied with to the
satisfaction of the Company and its counsel. 

  
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 12.    Notices. Any notice required to be delivered to the Company under this
Agreement shall be in writing and addressed to the Secretary of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Grantee under this Agreement shall be in writing and addressed to the Grantee
at the Grantee’s address as shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Company) from time to time. 

13.    Governing Law. This Agreement will be construed and interpreted in accordance with the laws of the State of Delaware without
regard to conflict of law principles. 
 14.    Interpretation. Any dispute regarding the interpretation of this Agreement shall
be submitted by the Grantee or the Company to the Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Grantee and the Company. 

15.    Shares Subject to the Plan. This Agreement is subject to the Plan as approved by the Company’s shareholders. The terms
and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and
provisions of the Plan will govern and prevail. 
 16.    Successors and Assigns. The Company may assign any of its rights under
this Agreement. This Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the Grantee and the
Grantee’s beneficiaries, executors, administrators and the person(s) to whom the Earned Shares may be transferred by will or the laws of descent or distribution. 

17.    Severability. The invalidity or unenforceability of any provision of the Plan or this Agreement shall not affect the
validity or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and enforceable to the extent permitted by law. 

18.    Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any
time, in its discretion. The grant of the Award does not create any contractual right or other right to receive any shares of Common Stock of the Company or other Awards in the future. Future Awards, if any, will be at the sole discretion of the
Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s employment with the Company. 

19.    Amendment. In accordance and consistent with Section 409A of the Code, as applicable, the Committee has the right to
amend, alter, suspend, discontinue or cancel the Award, prospectively or retroactively; provided, that, no such amendment shall adversely affect the Grantee’s material rights under this Agreement without the Grantee’s consent. 

  
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 20.    Section 409A. This Agreement is intended to either comply with or be
exempt from Section 409A of the Code and shall be construed and interpreted in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing, the
Company makes no representations that the payments and benefits provided under this Agreement either comply with Section 409A of the Code or are exempt therefrom and in no event shall the Company be liable for all or any portion of any taxes,
penalties, interest or other expenses that may be incurred by the Grantee on account of non-compliance with Section 409A of the Code. 

21.    No Impact on Other Benefits. Except to the extent required by law or the terms of any qualified plan under the Internal
Revenue Code, the value of the Grantee’s Earned Shares is not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit. 

22.    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which
together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve
the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature. 

23.    Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read and
understands the terms and provisions thereof, and accepts the Award subject to all of the terms and conditions of the Plan and this Agreement. The Grantee acknowledges that there may be adverse tax consequences upon the issuance or disposition of
any Earned Shares and that the Grantee has been advised to consult a tax advisor prior to such issuance or disposition. 

24.    Shareholder Approval of Plan Required. Notwithstanding any provision of this Agreement to the contrary, the Grantee
acknowledges and agrees that the Award made pursuant to this Agreement was made conditioned on approval of the Plan by the shareholders of the Company. In the event the Plan is not so approved at the 2019 Annual Meeting of Stockholders, this
Agreement shall be null and void and no shares of Common Stock of the Company shall be issuable hereunder. 
 [signature page follows]

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

					
	COMPUTER PROGRAMS AND SYSTEMS, INC.
		
	By:	 	      

		 	Name:	 	Matt J. Chambless
		 	Its:	 	Chief Financial Officer
	
	  

	[EMPLOYEE NAME]

  
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 EXHIBIT A 

Performance Period 
 The
Performance Period shall commence on             , 20     and end on             ,
20    . The Performance Period is comprised of three Measurement Periods:             , 20     through
            , 20     (the “First Measurement Period”);             ,
20     through             , 20     (the “Second Measurement Period”); and
            , 20     through             , 20     (the “Third Measurement
Period”). 
 Performance Goal 

The number of Earned Shares shall be determined by reference to
                     in each Measurement Period (the “Performance Goal”) as modified by the TSR Modifier (as defined below). 

The Performance Goal for each Measurement Period will be established according to the matrix set forth below. The baseline performance level
used to calculate the Performance Goal for the First Measurement Period will be based on                     . Following the First Measurement
Period, the Performance Goals for the subsequent Measurement Periods will be based on actual performance in the immediately prior Measurement Period, as calculated in accordance with the following table: 

 

													
	 Performance
 Level /
Payout
 Percentage      
	  	Goals for First
Measurement
Period	 	  	Goals for Second
Measurement
Period	 	  	Goal for Third
Measurement
Period	 
	 Maximum (    % of Target)
	  	$	             	 	  	 	[    % of 20     actual]	 	  	 	[    % of 20     actual]	 
	 Target (    % payout)
	  	$	             	 	  	 	[    % of 20     actual]	 	  	 	[    % of 20     actual]	 
	 Threshold (    % of Target)
	  	$	             	 	  	 	[    % of 20     actual]	 	  	 	[    % of 20     actual]	 
	 Actual Performance
	  				  				  			

 Determining the Number of Earned Shares 

Except as otherwise provided in the Plan or the Agreement, and subject to the application of the TSR Modifier (as defined below), the number of
Earned Shares with respect to the Performance Period shall be based on the average of the payout percentages achieved in each of the three Measurement Periods, and the Company will linearly interpolate between the threshold, target and maximum goals
for each Measurement Period. For example, if the Company achieves performance levels of     %,     % and     % in the respective Measurement Periods, the Grantee will receive
    % of the Target Award. 
 However, if the payout percentage for a specific Measurement Period does not reach the
threshold level, it will count as 0% toward the average for the Performance Period. For example, 

  
 A-1 

 
if the Company achieves performance levels of     %,     % and     % in the respective Measurement Periods, the Grantee will receive
    % of the Target Award (as the     % level of performance in the                      Measurement Period
is below the threshold level of performance in such period and therefore results in a 0% payout percentage for such Measurement Period). 
 TSR
Modifier 
 In order to determine the final number of Earned Shares to be issued to the Grantee, the Committee will apply a “TSR
Modifier.” The “TSR Modifier” is an adjustment to the number of Earned Shares based on a comparison of the Company’s total shareholder return (“TSR”) to
                     for the Performance Period, as follows: 
  

	 	•	 	 If the Company’s TSR is
                    , the number of Earned Shares issued for the Performance Period will be adjusted upward by    %.

  

	 	•	 	 If the Company’s TSR is
                    , the number of Earned Shares issued for the Performance Period will be adjusted downward by    %.

  

	 	•	 	 If the Company’s TSR is
                    , the number of Earned Shares issued for the Performance Period will not be adjusted. 

  
 A-2EX-10.4

 Exhibit 10.4 

COMPUTER PROGRAMS AND SYSTEMS, INC. 

2019 INCENTIVE PLAN 

PERFORMANCE-BASED CASH BONUS AWARD AGREEMENT 

This Performance-Based Cash Bonus Award Agreement (this “Agreement”) between Computer Programs and Systems, Inc. (the
“Company”) and                      (“Participant”) is dated effective
            , 20     (the “Grant Date”). 

AGREEMENT 

1.    Award. Subject to the terms and conditions hereof and of the Computer Programs and Systems, Inc. 2019 Incentive Plan (as may
be amended from time to time, the “Plan”), pursuant to Section 7.4 of the Plan, the Company hereby grants to Participant the right to earn a cash bonus (the “Award”) under the Plan based upon the degree of the
Company’s achievement of the Performance Goals set forth in Section 2 over the fiscal year commencing on            , 20     and ending on
            , 20     (the “Performance Period”). The target amount of Participant’s Award shall be
$         (“Target Award”). The actual amount of the Award, if any, shall be determined pursuant to Sections 2 through 5 below and may be greater than, equal to, or less than the Target Award
based on the Company’s performance during the Performance Period. Except as provided below, Participant must be employed continuously by the Company from the date hereof through the last day of the Performance Period in order to receive any
payment hereunder. Capitalized terms that are used but not defined herein have the meanings ascribed to them in the Plan. 

2.    Performance Goals; Calculation of Award Amount. 

(a)    The percentage of Participant’s Target Award that is earned shall be determined based
                     (the “Performance Goals”), as calculated in accordance with the following tables: 

 

					
	 [Performance Metric]
	  	Percentage Earned of Portion of
Target Award Amount
Allocable to      
               
Performance Goal	 
	 Less than     % of
                    
	  	 	0% earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % or more of
                    
	  	 	    % earned	 

					
	 [Performance Metric]
	  	Percentage Earned of Portion of
Target Award Amount
Allocable to      
               
Performance Goal	 
	 Less than     % of
                    
	  	 	0% earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % of
                    
	  	 	    % earned	 
	     % or more of
                    
	  	 	    % earned	 

 (b)    The Company will linearly interpolate between the amounts set forth in the tables
in Section 2(a). 
 (c)    For purposes of this Agreement, the following terms shall have the meanings set forth
below:                      

(d)    Following the completion of the Performance Period, the Compensation Committee of the Board of Directors of the
Company (the “Committee”) shall review and certify in writing whether, and to what extent, the Performance Goals have been achieved and, if so, calculate and certify in writing the amount of the Award earned. The Committee shall
have the authority to adjust or modify the calculation of the Performance Goals for the Performance Period in order to prevent the diminution or enlargement of the rights of Participant based on the following events: (a) asset write-downs;
(b) litigation or claim judgments or settlements; (c) the effect of changes in tax laws, accounting principles, or other laws or regulatory rules affecting reported results; (d) any reorganization and restructuring programs;
(e) extraordinary nonrecurring items as described in Accounting Principles Board Opinion No. 30 (or any successor or pronouncement thereto) and/or in management’s discussion and analysis of financial condition and results of
operations appearing in the Company’s annual report on Form 10-K for the applicable year; (f) acquisitions or divestitures; (g) any other specific unusual or nonrecurring events, or objectively
determinable category thereof; and (h) a change in the Company’s fiscal year. 
 3.    Service Requirements; Termination of
Employment. 
 (a)    General. Except as otherwise provided in this Agreement, Participant shall be eligible
to receive an Award only if Participant remains employed by the Company through the last day of the Performance Period. If Participant’s Continuous Service terminates at any time prior to the last day of the Performance Period, then, except as
otherwise provided in this Section 3 or in Section 4, this Agreement shall be canceled immediately on such termination of Continuous Service and Participant shall cease to have any right or entitlement to receive any payment hereunder.
Nothing contained in this Agreement or in the Plan shall confer upon Participant any right to continue in the employment of the Company. 

  
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 (b)    Payment upon Participant’s Death or Disability.
Notwithstanding Section 3(a) above, if Participant’s Continuous Service terminates during the Performance Period as a result of Participant’s death or Disability, then Participant will receive a pro rata portion of the Award that
otherwise would have been payable hereunder, with Participant’s Award to be calculated in the manner set forth in Section 2 above except that the amount of the Award, if any, will be pro-rated based
on the number of days that Participant was employed by the Company between the date of the beginning of the Performance Period and the date that Participant’s Continuous Service terminated as a percentage of the total number of days in the
Performance Period. 
 4.    Change in Control. Notwithstanding Section 3(a) above, if a Change in Control of the Company
occurs prior to the last day of the Performance Period, then the Award shall be payable to Participant at the Target Award level and shall be payable no later than five (5) days following such Change in Control. 

5.    Payment of Awards. The Committee shall determine the amount, if any, of the Award payable to Participant in accordance with
the terms of this Agreement and the Plan. Except as provided in Section 4 hereof, the percentage of Participant’s Target Award that is earned under this Agreement shall be paid in cash within two and
one-half (21⁄2) months following the end of the Performance Period, including in the case of a payment pursuant to Section 3(b) hereof. 

6.    Transferability. The Award and any rights relating thereto may not be sold, pledged, assigned, hypothecated, transferred, or
disposed of in any manner other than in accordance with the terms of the Plan. 
 7.    No Right to Continued Service. Neither
the Plan nor this Agreement shall confer upon Participant any right to be retained in any position or as an Employee of the Company. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company to
terminate Participant’s Continuous Service at any time, with or without Cause. 
 8.    Tax Withholding. The Company shall
withhold from any Award payable hereunder all federal, state, local and other income and employment taxes required to be withheld from such Award. 

9.    Conflicts and Interpretation. Participant acknowledges receipt of a copy of the Plan, and agrees that this Award shall be
subject to all of the terms and conditions set forth in the Plan, including future amendments thereto, if any, pursuant to the terms thereof, which Plan is incorporated herein by reference as a part of this Agreement. In the event of any conflict
between the terms and conditions of this Agreement and the terms and conditions of the Plan, the terms and conditions of the Plan shall control. Furthermore, subject to applicable law and the terms of the Plan, all designations, determinations,
interpretations and other decisions with respect to the Award shall be within the sole discretion of the Committee, may be made at any time, and shall be final, conclusive and binding upon all persons, including Participant. 

10.    Construction of Agreement. Any provision of this Agreement (or portion thereof) which is deemed invalid, illegal or
unenforceable in any jurisdiction shall, as to that jurisdiction and 

  
 3 

 
subject to this section, be ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions thereof in such jurisdiction or
rendering that or any other provisions of this Agreement invalid, illegal, or unenforceable in any other jurisdiction. No waiver of any provision or violation of this Agreement by the Company shall be implied by the Company’s forbearance or
failure to take action. 
 11.    Notices. Any notice required to be delivered to the Company under this Agreement shall be in
writing and addressed to the Secretary of the Company at the Company’s principal corporate offices. Any notice required to be delivered to Participant under this Agreement shall be in writing and addressed to Participant at Participant’s
address as shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Company) from time to time. 

12.    Governing Law. This Agreement will be construed and interpreted in accordance with the laws of the State of Delaware without
regard to conflict of law principles. 
 13.    Interpretation. Any dispute regarding the interpretation of this Agreement shall
be submitted by Participant or the Company to the Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Grantee and the Company. 

14.    Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement will be binding upon
and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon Participant and Participant’s beneficiaries, executors, administrators and
transferees. 
 15.    Severability. The invalidity or unenforceability of any provision of the Plan or this Agreement shall not
affect the validity or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and enforceable to the extent permitted by law. 

16.    Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any
time, in its discretion. The grant of the Award does not create any contractual right or other right to receive any other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or
termination of the Plan shall not constitute a change or impairment of the terms and conditions of Participant’s employment with the Company. 

17.    Amendment. In accordance and consistent with Section 409A of the Code, as applicable, the Company may modify, amend or
waive the terms of the Award, prospectively or retroactively, but no such modification, amendment or waiver shall impair the rights of Participant without his or her consent, except as required by applicable law or as necessary to avoid adverse tax
or accounting consequences. Prior to the effectiveness of any modification, amendment or waiver, the Company will provide notice to Participant and the opportunity for Participant to consult with the Company regarding such modification, amendment or
waiver. 

  
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The waiver by either party of compliance with any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach
by such party of a provision of this Agreement. 
 18.    Section 409A. This Agreement is intended to be exempt from
Section 409A of the Code and shall be construed and interpreted in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing, the Company
makes no representations that the payments and benefits provided under this Agreement either comply with Section 409A of the Code or are exempt therefrom and in no event shall the Company be liable for all or any portion of any taxes,
penalties, interest or other expenses that may be incurred by the Grantee on account of non-compliance with Section 409A of the Code. 

19.    No Trust or Fund Created. Neither this Agreement nor the Award shall create or be construed to create a trust or separate
fund of any kind or a fiduciary relationship between the Company and Participant or any other person. To the extent that any person acquires a right to receive payments from the Company pursuant to this Agreement, such right shall be no greater than
the right of any unsecured general creditor of the Company. 
 20.    No Impact on Other Benefits. Except to the extent required
by law or the terms of any qualified plan under the Code, the value of Participant’s Award is not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee
benefit. 
 21.    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but
all of which together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means intended
to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature. 

22.    Acceptance. Participant hereby acknowledges receipt of a copy of the Plan and this Agreement. Participant has read and
understands the terms and provisions thereof, and accepts the Award subject to all of the terms and conditions of the Plan and this Agreement. Participant acknowledges that there may be adverse tax consequences upon the payment of any cash bonus and
that Participant has been advised to consult a tax advisor prior to such payment. 
 23.    Shareholder Approval of Plan
Required. Notwithstanding any provision of this Agreement to the contrary, the Participant acknowledges and agrees that the Award made pursuant to this Agreement was made conditioned on approval of the Plan by the shareholders of the Company. In
the event the Plan is not so approved at the 2019 Annual Meeting of Stockholders, this Agreement shall be null and void and no cash bonus shall be payable hereunder. 

[Signature Page Follows] 

  
 5 

 IN WITNESS WHEREOF, the parties have executed this Performance-Based Cash Bonus Award
Agreement effective as of the Grant Date. 
  

			
	COMPUTER PROGRAMS AND SYSTEMS, INC.
		
	By:	 	  

		 	Name:   Matt J. Chambless
		 	Title:     Chief Financial Officer
	
	PARTICIPANT:
	
	  

	Name:

  
 6

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