Document:

Exhibit 10.1

 

FOURTH AMENDMENT TO 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS FOURTH AMENDMENT TO EXECUTIVE EMPLOYMENT
AGREEMENT (this “Fourth Amendment”), is made as of December 20, 2020 (the “Effective Date”),
by and between HMS Holdings Corp. (the “Company”) and William C. Lucia (the “Employee”).
Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Employment Agreement
(as defined below).

 

RECITALS

 

		A.	The Company and the Employee have entered into that certain Executive Employment Agreement dated March 1, 2013, as amended
on April 30, 2013, January 20, 2015, and February 21, 2018 (the “Employment Agreement”).

 

		B.	The parties hereto wish to amend certain terms of the Employment Agreement.

 

AMENDMENT

 

The parties hereto hereby amend the Employment Agreement as
follows, effective as of the Effective Date.

 

1.                  
Section 2. Section 2 of the Employment Agreement is hereby amended by replacing the phrase “March 1, 2018”
with “December 20, 2020” and “February 28, 2021” with “February 28, 2024”.

 

2.                  
Section 6(c). The first sentence of Section 6(c) of the Employment Agreement is hereby amended and restated as follows:

 

“If, within 24 months following a Change in
Control, the Company terminates the Executive’s employment without Cause or the Executive resigns for Good Reason, in addition
to the benefits described in Section 6(b)(ii) above and subject to the release required under Section 6(b)(iii),
the Executive will receive (i) the cash severance described in Section 6(b)(i), paid in a single lump sum payment at the time
provided under Section 6(b)(i) for the first payment (i.e., in the first payroll period following the Release Effective
Date (or such later date as either Section 6(b)(iii) or Section 24 provides)) and (ii) Company-provided financial and tax
services for the one-year period following the Release Effective Date.”

 

3.                  
Section 6(d)(ii)(II). Subclause (iii) of Section 6(d)(ii)(II) of the Employment Agreement is hereby amended and restated
as follows:

 

“a material reduction in the Executive’s
Base Salary or Target Bonus;”.

 

4.                  
This Fourth Amendment shall be and, as of the Effective Date, is hereby incorporated in and forms a part of, the Employment
Agreement.

 

5.                  
Except as expressly provided herein, all terms and conditions of the Employment Agreement shall remain in full force and
effect.

 

(Signature page follows)

 

    

     

    

 

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

 

	 	HMS HOLDINGS CORP.
	 	 
	 	By:	/s/ Jeffrey S. Sherman
	 	Name: Jeffrey S. Sherman
	 	Title: Executive Vice President, Chief Financial Officer and Treasurer
	 	 
	 	EMPLOYEE
	 	 
	 	/s/ William C. Lucia
	 	William C. LuciaExhibit 10.2

 

FIRST AMENDMENT TO 

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT
AGREEMENT

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT (this “First Amendment”), is made as of December 20, 2020 (the “Effective
Date”), by and between HMS Holdings Corp. (the “Company”) and [______] (the “Employee”).
Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Employment Agreement
(as defined below).

 

RECITALS

 

		A.	The Company and the Employee have entered into that certain Executive Employment Agreement dated [______] (the “Employment
Agreement”).

 

		B.	The parties hereto wish to amend certain terms of the Employment Agreement.

 

AMENDMENT

 

The parties hereto hereby amend the Employment Agreement as
follows, effective as of the Effective Date.

 

1.                  
Section 6(b)(i). Section 6(b)(i) of the Employment Agreement is hereby amended and restated as follows:

 

“Cash Severance. The Company will pay
to you in cash an amount equal to 1.5 times the sum of (i) your annual Base Salary and (ii) your target Bonus opportunity for the
year in which the termination occurs, paid ratably in equal installments over a 18-month period beginning in the first payroll
period following the Release Effective Date (as defined below) (or such later date required by Section 7) in accordance with the
Company’s standard payroll policies and procedures and in a manner consistent with Section 7;”.

 

2.                  
Section 6(b)(ii). The first sentence of Section 6(b)(ii) of the Employment Agreement is hereby amended and restated
as follows:

 

“The Company will pay you, on the Release Effective
Date (or such later date as either Section 6(b)(iii) or 7(a) requires), a lump sum amount equal to 18 times the difference between
the monthly COBRA coverage premium for the same type of medical and dental coverage (single, family, or other) in which you are
enrolled as of the date your employment ends and your then-monthly employee contribution.”.

 

3.                  
Section 6(c)(iii). Subclause (iii) of Section 6(c)(iii) of the Employment Agreement is hereby amended and restated
as follows:

 

“a material reduction in your Base Salary or
target Bonus opportunity;”.

 

4.                  
Section 6(e). The first sentence of Section 6(e) of the Employment Agreement is hereby amended and restated as follows:

 

    

     

    

 

“If, within 24 months following a Change
in Control, the Company terminates your employment without Cause or you resign for Good Reason, in addition to the benefits
described in Section 6(b)(ii) and subject to the release required under Section 6(b)(iii), you will receive (i) the cash
severance described in Section 6(b)(i), paid in a single lump sum on the Release Effective Date in accordance with the
Company’s standard payroll policies and procedures (or such later date as either Section 6(b)(iii) or 7(a) requires)
and (ii) Company-provided financial and tax services for the one-year period following the Release Effective
Date.”.

 

5.                  
This First Amendment shall be and, as of the Effective Date, is hereby incorporated in and forms a part of, the Employment
Agreement.

 

6.                  
Except as expressly provided herein, all terms and conditions of the Employment Agreement shall remain in full force and
effect.

 

(Signature page follows)

 

    2

     

    

 

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

 

	 	HMS HOLDINGS CORP.
	 	 
	 	By:	
	 	Name: William C. Lucia
	 	Title: President and Chief Executive Officer
	 	 
	 	EMPLOYEE
	 	 
	 	 
	 	[_________]

 

    3Exhibit 10.3

 

 

December 20, 2020

 

Dear [________]:

 

As you may know, HMS
Holdings Corp. (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”)
pursuant to which the Company will become a wholly-owned subsidiary of Gainwell Acquisition Corp. (“Parent”)
(the “Merger”). We are pleased to inform you that, in connection with the Merger, the Company has determined
that you are eligible to receive a cash bonus in accordance with the terms and conditions set forth in this letter agreement.

 

1.                Bonus. Subject to your continued employment with the Company or its affiliates through the closing of the Merger
(the date of such closing, the “Closing Date”), the Company will pay you a cash bonus equal to $[________] (the
 “Bonus”). The Bonus shall be paid to you in a single lump sum no later than 30 days following the Closing Date.

 

2.                Withholding. The Company or its affiliates may withhold from any amount payable under this letter agreement such
federal, tax or local taxes as are required to be withheld pursuant to any applicable law or regulation.

 

3.                Restrictive Covenants. In addition, you agree and acknowledge that as consideration for the Bonus, your right to
receive and retain the Bonus is subject to and conditioned upon your continued compliance with the restrictive covenants (including
without limitation any confidentiality, non-solicitation and non-competition covenants) contained in an employment, service, retention,
severance or other similar agreement between you and the Company and/or any of its subsidiaries or affiliates.

 

4.                Termination of Employment. Notwithstanding anything to the contrary herein, if you experience a Qualifying Termination
(as defined in the Company’s Retention Bonus Plan) on or prior to the Closing Date, the Company will pay you the Bonus within
30 days following the Closing Date, subject to your timely execution and non-revocation of a general release of claims in a form
prescribed by the Company. If your employment with the Company or its affiliates is terminated for any reason other than a Qualifying
Termination on or prior to the Closing Date, your right to the Bonus will be forfeited, you will have no right to receive any portion
of the Bonus and the Company will have no further obligations to you under this letter agreement.

 

5.                Section 409A. Notwithstanding anything to the contrary herein, no portion of the Bonus shall be paid during the six-month
period following your “separation from service” (within the meaning of Code Section 409A) if the Company reasonably
determines that paying such amounts at the time or times indicated herein would be a prohibited distribution under Section 409A(a)(2)(B)(i)
of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first business day
following the end of such six-month period (or such earlier date upon which such amount can be paid under Code Section 409A without
resulting in a prohibited distribution, including as a result of your death), you will be paid a lump-sum amount equal to the cumulative
amount that would have otherwise been payable to you during such period (without interest).

 

5615 High Point Drive | Irving, TX 75038 | 214.453.3000 | hms.com

 

    	 	 	 

     

    

 

6.                 No
Right to Continued Employment. Nothing contained in this letter agreement shall (i) confer upon you any right to continue
in the employ the Company or its affiliates, (ii) constitute any contract or agreement of employment, or (iii) interfere in any
way with the rights of the Company or its affiliates to terminate your employment at any time, for any reason, with or without
cause.

 

7.                 Merger Agreement. In the event the Merger Agreement is terminated prior to consummation of the Merger, this letter
agreement shall automatically and without further action terminate.

 

8.                 Entire Agreement. This letter agreement constitutes the entire and complete agreement between you and the Company
and its affiliates with respect to the subject matter hereof and supersedes any and all other agreement or arrangements, whether
oral or written, between you and the Company or its affiliates (or any predecessor or representative (including officer, shareholder
or director) thereof) with respect to the subject matter hereof.

 

9.                 Governing Law. This letter agreement shall be administered, interpreted and enforced under the laws of the State
of [______]1 without regard to the conflicts of law
principles thereof.

 

Please indicate your
acceptance and acknowledgement of, and agreement to, the foregoing by signing and dating the space provided below for your signature.
Please retain one fully-executed original for your files.

 

[Signature Page Follows]

 

 

1 NTD: Insert
state in which the recipient is based.

 

    	 	 	 

     

    

 

	 	Sincerely,
	 	 	 
	 	HMS Holdings Corp.
	 	 	 
	 	By:	 
	 	Name: 	[______]
	 	Title:	[______]

 

	Accepted, Acknowledged and Agreed,

this __ day of _____________, 2020.

	 
	 	 	 
	By:	           	 

 

	Print Name:

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