Document:

Exhibit 10.7

 

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT
AGREEMENT

 

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT
AGREEMENT (the “Agreement”) is effective April 2, 2018 (the “Effective Date”),
and is by and between HMS Holdings Corp., a Delaware corporation (“HMS”), and Emmet O’Gara, an
individual (“you”) (and, together with HMS, the “Parties”) to provide services,
as directed, to the entities comprising the “Company” (HMS and its respective subsidiaries and affiliates).
This Agreement amends, restates and supersedes the Employment Agreement between you and the Company dated January 2, 2018
in its entirety (the “Prior Agreement”).

 

WHEREAS, the Company wishes to continue
to employ you, and you wish to continue to be employed by the Company.

 

NOW THEREFORE, in consideration of your
acceptance of employment pursuant to the terms set forth in this Agreement, the Parties agree to be bound by the terms contained
in this Agreement as follows:

 

1.       Engagement.
As of the Effective Date, HMS will continue to employ you as Executive Vice President, Total Population Management. You acknowledge
that the Company organizes itself across multiple entities, and that assigning you to work directly for HMS or for one of its subsidiaries
or affiliates will not, in and of itself, breach this Agreement. You will report directly to the Chief Executive Officer, or his
or her designee (“Supervisor”). You will have the responsibilities, duties, and authorities specified
from time to time by your Supervisor, which will generally be commensurate with executives, at a similar level, of entities of
similar size and character to the Company. You also agree, if so requested, to serve as an officer and director of subsidiaries
of HMS.

 

2.       Commitment.
During the Employment Period (as defined in Section 3 below), you must devote your full working time and attention to the
Company. During the Employment Period, you must not engage in any employment, occupation, consulting or other similar activity
without your Supervisor’s prior written consent; provided, however, that you may (i) serve in any capacity with any
professional, community, industry, civic (including governmental boards), educational, charitable, or other non-profit organization,
(ii) serve on any for-profit entity board, with your Supervisor’s prior written consent, and (iii) subject to the Company’s
conflict of interest policies, make investments in other businesses and manage your and your family’s personal investments
and legal affairs; provided that any such activities described in clauses (i)-(iii) above do not materially interfere with
the performance of your duties for the Company and do not otherwise violate this Agreement or any other written agreement between
the Company and you. You will perform your services under this Agreement primarily at the Company’s offices in Danvers, Massachusetts,
or at such place or places as you and the Company may agree. You understand and agree that your employment will require travel
from time to time in a manner consistent with Company policy.

 

3.       Employment
Period. The Company hereby agrees to continue to employ you and you hereby accept continued employment with the Company
upon the revised terms set forth in this Agreement, for the period commencing on the Effective Date and ending when and as provided
in Section 6 (the “Employment Period”).

 

4.       Compensation.

 

(a)       Base
Salary. You will receive an annual base salary at a monthly rate of $33,333.33, annualizing to $400,000.00 (as may be adjusted
under this Agreement, the “Base Salary”). The Company will pay your Base Salary periodically in arrears
not less frequently than monthly in accordance with the Company’s regular payroll practices as in effect from time to time
(which currently provide for bi-weekly payments). The Board of Directors of HMS (the “Board”) or its
Compensation Committee (the “Compensation Committee”) will review your Base Salary periodically and may
adjust your Base Salary at that time.

    Employment Agreement (Emmet O’Gara) – Page 1

     

    

 

(b)       Bonus.
You will be eligible to receive bonus compensation (the “Bonus”) from the Company in respect of each
fiscal year (or portion thereof) during the Employment Period, in each case as the Compensation Committee may determine in its
sole discretion on the basis of such performance-based or other criteria as it determines appropriate. The target bonus for your
position for 2018 is 65% of Base Salary, which will not be prorated. You must be an employee of the Company at the time bonuses
are paid to receive a Bonus. The Compensation Committee will review your target bonus periodically and may adjust your target bonus
at that time. The Bonus, if any, will be paid when other executives receive their bonuses under comparable arrangements.

 

(c)       Sign-On
Bonus. Within 30 days after April 1, 2018, you will also receive a special bonus of $50,000.00 (the “Sign-On
Bonus”). You agree that you will repay the Sign-On Bonus within 10 days after your employment ends if your employment
ends before the first anniversary of the date you receive the Sign-On Bonus because of a termination for Cause, as defined below,
or your resignation without Good Reason, as defined below.

 

5.       Employee
Benefits.

 

(a)       Employee
Welfare, Equity Compensation, and Retirement Plans. You will, to the extent eligible, be entitled to participate at a level
commensurate with your position in all employee equity compensation plans and welfare benefit and retirement plans and programs
the Company provides to its executives in accordance with the terms thereof as in effect from time to time. The Company may change
or terminate the benefits at any time.

 

(b)       Business
Expenses. Upon submission of appropriate documentation in accordance with Company policies, the Company will promptly pay,
or reimburse you for, all reasonable business expenses that you incur in performing your duties under this Agreement, including
travel, entertainment, professional dues and subscriptions, as long as such expenses are reimbursable under the Company’s
policies. Any payments or expenses provided in this Section 5(b) will be paid in accordance with Section 7(c).

 

(c)       Paid
Time Off. You will accrue paid time off (“PTO”) at the rate of 18 hours per month (annualized
to 27 days per year), or such greater number as the Company determines from time to time for its senior executive officers, provided
that any accrual caps, carryover from year to year, and payment for accrued and unused PTO upon termination of employment will
be subject to the Company’s generally applicable policies.

 

6.       Termination
of Employment.

 

(a)       General.
Subject in each case to the provisions of this Section 6 and the other provisions of this Agreement relating to the Company’s
respective rights and obligations upon termination of your employment, nothing in this Agreement interferes with or limits in any
way the Company’s or your right to terminate your employment at any time, for any reason or no reason, with or without notice,
and nothing in this Agreement confers on you any right or obligation to continue in the Company’s employ. If your employment
ceases for any or no reason, you (or your estate, as applicable) will be entitled to receive (in addition to any compensation and
benefits you may be entitled to receive under Section 6(b), (d) or (e) below): (i) any earned but unpaid Base Salary
and, to the extent consistent with general Company policy, accrued but unused PTO through and including the date of termination
of your employment, to be paid in accordance with the Company’s regular payroll practices and with applicable law, but no
later than the next regularly scheduled pay period, (ii) unreimbursed business expenses in accordance with the Company’s
policies for which expenses you have provided appropriate documentation, to be paid in accordance with Section 7(c), and (iii) any
amounts or benefits to which you are then entitled under the terms of the benefit plans then sponsored by the Company in accordance
with their terms (and not accelerated to the extent acceleration does not satisfy Section 409A of the Internal Revenue Code of
1986, as amended (“Section 409A” of the “Code”)). Notwithstanding any other
provision in this Agreement to the contrary, you will be entitled to severance, if any, solely through the terms of this Section
6, unless another Board (or Compensation Committee) approved written agreement between you and the Company expressly provides otherwise.

    Employment Agreement (Emmet O’Gara) – Page 2

     

    

 

(b)       Termination
Without Cause or Resignation With Good Reason. If, during the Employment Period, the Company terminates your employment
without Cause (defined below) or you resign with Good Reason (defined below), in addition to the amounts described in Section 6(a),
the Company will pay to you the following, subject to compliance with Section 6(b)(iii):

 

(i)       Cash
Severance. The Company will pay to you in cash an amount equal to 12 times your monthly Base Salary, paid ratably in equal
installments over a 12 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;

 

(ii)       Benefits.
The Company will pay you a lump sum amount equal to 12 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. This payment will be taxable and subject to withholding. You may use the amount received
for any purpose.

 

(iii)       Release.
To receive any severance benefits provided for under this Agreement or otherwise, you must deliver to the Company a separation
agreement and general release of claims in the form the Company provides (releasing all releasable claims other than to payments
under Section 6 or outstanding equity and including obligations to cooperate with the Company and reaffirming your obligations
under the Restrictive Covenants Agreement (as defined below)), which agreement and release must become irrevocable within 60 days
(or such earlier date as the release provides) following the date of your termination of employment. Benefits under Section 6(b)(i)
and (ii) will be paid or commence in the first regular payroll beginning after the release becomes effective, subject to any delays
required by Section 7; provided, however, that if the last day of the 60-day period for an effective release falls in the
calendar year following the year of your date of termination, the severance payments will be paid or begin no earlier than January
1 of such subsequent calendar year. The date on which your release of claims becomes effective is the “Release Effective
Date.” You must continue to comply with the Restrictive Covenants Agreement to continue to receive severance benefits.

 

    Employment Agreement (Emmet O’Gara) – Page 3

     

    

(c)       Termination
for Cause, Resignation without Good Reason.

 

(i)       General.  If,
during the Employment Period, the Company terminates your employment for Cause or you resign from your employment (other than for
Good Reason), you will be entitled only to the payments described in Section 6(a), unless applicable law otherwise requires payment.
You may resign from your employment (other than for Good Reason), at any time, by giving at least 30 days’ prior written
notice to the Company (the “Notice Period”). The Company may choose to respond to such notice of resignation
by limiting your access and reducing your duties during the Notice Period, in which event you would remain an employee of the Company
through the remainder of the Notice Period and continue to receive your Base Salary, less applicable deductions, and continue vesting
under any outstanding equity grants through the end of the Notice Period. You will have no further right to receive any other compensation
or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee
benefit plans or programs of the Company or as required by law.

 

(ii)       Cause.
For purposes of this Agreement, “Cause” means any of the following: your (i) fraud with respect to the
Company; (ii) material misrepresentation to any regulatory agency, governmental authority, outside or internal auditors, internal
or external Company counsel, or the Board concerning the operation or financial status of the Company; (iii) theft or embezzlement
of assets of the Company; (iv) your conviction, or plea of guilty or nolo contendere to any felony (or to a felony charge reduced
to a misdemeanor), or, with respect to your employment, to any misdemeanor (other than a traffic violation); (v) material
failure to follow the Company’s conduct and ethics policies that have been provided or made available to you; (vi) material
breach of this Agreement or the Restrictive Covenants Agreement; and/or (vii)  continued failure to attempt in good faith
to perform your duties as reasonably assigned by your Supervisor at the time. Before terminating your employment for Cause under
clauses (v) – (vii) above, the Company will specify in writing to you the nature of the act, omission, refusal, or failure
that it deems to constitute Cause and, if the Company reasonably considers the situation to be correctable, give you 30 days after
you receive such notice to correct the situation (and thus avoid termination for Cause), unless the Company agrees to further extend
the time for correction. You agree that the Company will have discretion exercised in a reasonable manner to determine whether
your correction is sufficient. Nothing in this definition prevents the Company from removing you from your position with the Company
at any time and for any reason.

 

(iii)       Good
Reason. For purposes of this Agreement, “Good Reason” means, the occurrence, without your prior written
consent, of any of the following events: (i) any material diminution in your authority, duties or responsibilities with the Company;
(ii) a requirement that you report to an officer other than your then current Supervisor if the result is that your new Supervisor
has materially diminished authority, duties, or responsibilities in comparison with your prior supervisor; (iii) a material reduction
in your Base Salary; (iv) the Company requiring you to perform your principal services primarily in a geographic area more than
50 miles from the Company’s offices in Danvers, Massachusetts (or such other place of primary employment for you at which
you have agreed to provide such services); or (v) a material breach by the Company of any material provision of this Agreement.
No resignation will be treated as resignation for Good Reason unless (x) you have given written notice to the Company of your intention
to terminate your employment for Good Reason, describing the grounds for such action, no later than 90 days after the first occurrence
of such circumstances, (y) you have provided the Company with at least 30 days in which to cure the circumstances, and (z) if the
Company is not successful in curing the circumstance, you end your employment within 30 days following the cure period in (y).
If the Company informs you that it will not treat your resignation as for Good Reason, you may withdraw the resignation and remain
employed (provided that you do so before the original notice of resignation becomes effective) or may proceed and dispute the Company’s
decision.

 

    Employment Agreement (Emmet O’Gara) – Page 4

     

    

(d)       Death
or Disability. Your employment hereunder will terminate immediately upon your death or Disability. “Disability”
means the Chief Executive Officer, in consultation with the Chairman of the Compensation Committee or the Board, based upon appropriate
medical evidence, determines you have become physically or mentally incapacitated so as to render you incapable of performing your
usual and customary duties, with or without a reasonable accommodation, for 180 or more days, whether or not consecutive, during
any 12 month period. You are also disabled if you are found to be disabled within the meaning of the Company’s long-term
disability insurance coverage as then in effect (or would be so found if you applied for the coverage or benefits). Employment
termination under this subsection is not covered by Section 6(b) or 6(c), and you or your heirs will receive only the benefits
and compensation in Section 6(a) (together, as applicable, with any life or disability insurance payments). Nothing in this Section
6(d) prevents the Company from removing you from your position with the Company or, under Section 6(b) or 6(c), from terminating
your employment at any time, subject to compliance with those subsections.

 

(e)       Change
in Control. 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 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). For purposes of this Agreement, “Change in Control” means:

 

(i)       the
acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
of 1934 (the “Exchange Act”) (a “Person”) of beneficial ownership of any capital
stock of HMS if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 under the Exchange Act)
50.01% or more of either (x) the then-outstanding shares of common stock of HMS (the “Outstanding Company Common Stock”)
or (y) the combined voting power of the then-outstanding securities of HMS entitled to vote generally in the election of directors
(the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection
(i) any acquisition directly from the Company will not be a Change in Control, nor will any acquisition by any individual, entity,
or group pursuant to a Business Combination (as defined below) that complies with subclauses (x) and (y) of clause (ii) of this
definition;

 

(ii)       the
consummation of a merger, consolidation, reorganization, recapitalization or share exchange involving HMS or a sale or other disposition
of all or substantially all (i.e., in excess of 85%) of the assets of HMS (a “Business Combination”),
unless, immediately following such Business Combination, each of the following two conditions is satisfied: (x) all or substantially
all of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company
Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the
then-outstanding shares of common stock and the combined voting power of the then- outstanding securities entitled to vote generally
in the election of directors, respectively, of the resulting or acquiring corporation in such Business Combination (which shall
include a corporation that as a result of such transaction owns HMS or substantially all of HMS’s assets either directly
or through one or more subsidiaries (such resulting or acquiring corporation is referred to herein as the “Acquiring
Corporation”) in substantially the same proportions as their ownership of the Outstanding Company Common Stock and
Outstanding Company Voting Securities, respectively, immediately prior to such Business Combination and (y) no Person beneficially
owns, directly or indirectly, 50.01% or more of the then-outstanding shares of common stock of the Acquiring Corporation, or of
the combined voting power of the then-outstanding securities of such corporation entitled to vote generally in the election of
directors (except to the extent that such ownership existed prior to the Business Combination); or

 

    Employment Agreement (Emmet O’Gara) – Page 5

     

    

(iii)       a
change in the composition of the Board that results, during any one year period, in the Continuing Directors (as defined below)
no longer constituting a majority of the Board (or, if applicable, the Board of Directors of a successor corporation to HMS), where
the term “Continuing Director” means at any date a member of the Board (x) who was a member of the Board
on the Effective Date or (y) who was nominated or elected subsequent to such date by at least a majority of the directors who were
Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at
least a majority of the directors who were Continuing Directors at the time of such nomination or election; provided, however,
that there shall be excluded from this clause (y) any individual whose initial assumption of office after the Effective Date occurred
as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or
threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; provided that, where required
by Section 409A, the event that occurs is also a “change in the ownership or effective control of a corporation, or a change
in the ownership of a substantial portion of the assets of a corporation” as defined in Treasury Reg. § 1.409A-3(i)(5).

 

(f)       Further
Effect of Termination on Board and Officer Positions. If your employment ends for any reason, you agree that you will cease
immediately to hold any and all officer or director positions you then have with the Company, absent a contrary direction from
the Board (which may include either a request to continue such service or a direction to cease serving upon notice). You hereby
irrevocably appoint the Company to be your attorney-in-fact to execute any documents and do anything in your name to effect your
ceasing to serve as a director and officer of the Company, should you fail to resign following a request from the Company to do
so. You will not be required to sign, and the Company will not sign on your behalf without your consent, documents effecting your
ceasing to serve as a director that characterize your cessation of employment differently than the manner in which it is effected
through Section 6 above. A written notification signed by a director or duly authorized officer of the Company that any instrument,
document, or act falls within the authority conferred by this subsection will be conclusive evidence that it does so. The Company
will prepare any documents, pay any filing fees, and bear any other expenses related to this Section 6(f).

 

7.       Effect
of Section 409A of the Code.

 

(a)       Six
Month Delay. If and to the extent any portion of any payment, compensation or other benefit provided to you in connection
with your employment termination is determined to constitute “nonqualified deferred compensation” within the meaning
of Section 409A and you are a specified employee as defined in Section 409A(a)(2)(B)(i), as determined by the Company in accordance
with its procedures, by which determination you hereby agree that you are bound, such portion of the payment, compensation or other
benefit shall not be paid before the earlier of (i) the expiration of the six month period measured from the date of your “separation
from service” (as determined under Section 409A) or (ii) the tenth day following the date of your death following such separation
from service (the “New Payment Date”). The aggregate of any payments that otherwise would have been paid
to you during the period between the date of separation from service and the New Payment Date shall be paid to you in a lump sum
in the first payroll period beginning after such New Payment Date, and any remaining payments will be paid on their original schedule.

 

    Employment Agreement (Emmet O’Gara) – Page 6

     

    

(b)       General
409A Principles. For purposes of this Agreement, a termination of employment will mean a “separation from service”
as defined in Section 409A. For purposes of this Agreement, each amount to be paid or benefit to be provided will be construed
as a separate identified payment for purposes of Section 409A, and any payments that are due within the “short term
deferral period” as defined in Section 409A or are paid in a manner covered by Treas. Reg. Section 1.409A-1(b)(9)(iii)
will not be treated as deferred compensation unless applicable law requires otherwise. Neither the Company nor you will have the
right to accelerate or defer the delivery of any such payments or benefits except to the extent specifically permitted or required
by Section 409A. This Agreement is intended to comply with the provisions of Section 409A and this Agreement shall, to the extent
practicable, be construed in accordance therewith. Terms defined in this Agreement will have the meanings given such terms under
Section 409A if and to the extent required to comply with Section 409A. In any event, the Company makes no representations or warranty
and will have no liability to you or any other person if any provisions of or payments under this Agreement are determined to constitute
deferred compensation subject to Code Section 409A but not to satisfy the conditions of that section.

 

(c)       Expense
Timing. Payments with respect to reimbursements of business expenses will be made in the ordinary course in accordance
with the Company’s procedures (generally within 45 days after you have submitted appropriate documentation) and, in any case,
on or before the last day of the calendar year following the calendar year in which the relevant expense is incurred. The amount
of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible
for reimbursement, or in-kind benefits to be provided, in any other calendar year. The right to reimbursement or in-kind benefits
is not subject to liquidation or exchange for another benefit.

 

8.       Restrictive
Covenants. You have previously signed a Noncompetition, Nonsolicitation, Proprietary and Confidential Information and Developments
Agreement (the “Restrictive Covenants Agreement”), which addresses your responsibilities to the Company
in connection with confidentiality, transfer and protection of intellectual property, noncompetition, nonsolicitation of employees
and customers, and nondisparagement. You agree that the Restrictive Covenants Agreement remains in effect and shall survive the
termination of this Agreement and termination of your employment with the Company.

 

9.       Cooperation.
Following your separation of employment from the Company, you agree to cooperate with the Company in regard to the transition of
the business matters you handled on behalf of the Company. You also agree to reasonably cooperate with the Company and its counsel
in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf
of the Company which relate in any way to events or occurrences that transpired while you were employed by the Company, subject
to your right to initiate communications with, or participate or cooperate in any investigation conducted by, any Federal, State
or Local government agency or regulatory authority. Your cooperation in connection with such claims or actions will include, but
not be limited to, participating in interviews and discussions with the Company and/or its counsel, meeting with the Company’s
counsel to prepare for discovery, trial, or any legal proceeding, appearing and preparing for deposition or testimony at trial,
and otherwise cooperating with HMS and its legal counsel, as requested. Nothing in this Agreement is to be construed as instructing
you to testify in any particular manner, other than truthfully. To the extent possible, the Company will provide you with reasonable
advance notice of the request for your cooperation. The Company will reimburse you for all reasonable, pre-approved out-of-pocket
costs and expenses (but not including attorneys’ fees and costs) that you incur, and compensate you at an hourly rate based
on the base salary paid to you at the time of your separation (which is intended to be a fair and reasonable estimate of the total
value of your lost time) in connection with your performance of your obligations under this paragraph of the Agreement, to the
extent permitted by law.

 

    Employment Agreement (Emmet O’Gara) – Page 7

     

    

10.       Miscellaneous.

 

(a)       Notices.
All notices required or permitted under this Agreement must be in writing and will be deemed effective upon personal delivery or
three business days following deposit in a United States Post Office, by certified mail, postage prepaid, or one business day after
it is sent for next-business day delivery via a reputable nationwide overnight courier service in the case of notice to the Company
at its then principal headquarters, and in the case of notice to you to the current address on file with the Company. Notice to
the Company must include a separate notice to the General Counsel of HMS. Either Party may change the address to which notices
are to be delivered by giving notice of such change to the other Party in the manner set forth in this Section 10(a).

 

(b)       No
Mitigation. You are not required to seek other employment or otherwise mitigate the value of any severance benefits contemplated
by this Agreement, nor will any such benefits be reduced by any earnings or benefits that you may receive from any other source.
Notwithstanding any other provision of this Agreement, any sum or sums paid under this Agreement will be in lieu of any amounts
to which you may otherwise be entitled under the terms of any severance plan, policy, program, agreement or other arrangement sponsored
by the Company or an affiliate of the Company.

 

(c)       Waiver
of Jury Trial. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, THE PARTIES HEREBY WAIVE, AND COVENANT
THAT THEY WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR OTHER
PROCEEDING ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE RELEASE IT CONTEMPLATES, WHETHER NOW EXISTING
OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, THE PARTIES AGREE THAT ANY PARTY MAY FILE A COPY OF
THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY
TO WAIVE THEIR RIGHTS TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR TO ANY OF THE MATTERS
CONTEMPLATED UNDER THIS AGREEMENT, RELATING TO YOUR EMPLOYMENT, OR COVERED BY THE CONTEMPLATED RELEASE.

 

(d)       Severability.
Each provision of this Agreement must be interpreted in such manner as to be effective and valid under applicable law, but if any
provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision will be ineffective only
to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions
of this Agreement. Moreover, if an arbitrator or a court of competent jurisdiction determines any of the provisions contained in
this Agreement to be unenforceable because the provision is excessively broad in scope, whether as to duration, activity, geographic
application, subject or otherwise, it will be construed, by limiting or reducing it to the extent legally permitted, so as to be
enforceable to the extent compatible with then applicable law to achieve the intent of the Parties.

 

    Employment Agreement (Emmet O’Gara) – Page 8

     

    

(e)       Assignment.
This Agreement will be binding upon and will inure to the benefit of (i) your heirs, beneficiaries, executors and legal representatives
upon your death and (ii) any successor of the Company. Any such successor of the Company will be treated as substituted for the
Company under the terms of this Agreement for all purposes. The Company may assign this Agreement without your consent, and such
an assignment will not terminate your employment for purposes of triggering your entitlement to severance; provided, however,
that if such an assignment provides a basis for you to resign for Good Reason after a Change in Control, you may resign for
Good Reason, and you will be entitled to severance, if any, subject to the terms of Section 6. You specifically agree that any
assignment may include rights under the Restrictive Covenants Agreement without requiring your consent; provided, however,
that an assignment that occurs after the termination of your employment will not expand in any manner the scope of the Restrictive
Covenants Agreement. As used herein, “successor” will mean any person, firm, corporation or other business entity that
at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or substantially all of the assets or
business of the Company. Any attempted assignment, transfer, conveyance or other disposition of any interest in your rights to
receive any form of compensation hereunder will be null and void.

 

(f)       No
Oral Modification, Waiver, Cancellation or Discharge. This Agreement may only be amended, canceled or discharged or any
obligations thereunder waived through a writing signed by you and any executive officer of the Company (other than you) duly authorized
either by the Board or the Compensation Committee.

 

(g)       No
Conflict of Interest. You confirm that you have fully disclosed to the Company, to the best of your knowledge, all circumstances
under which you, your immediate family and other persons who reside in your household have or may have a conflict of interest with
the Company. You further agree to fully disclose to the Company any such circumstances that might arise during your employment
upon your becoming aware of such circumstances.

 

(h)       Other
Agreements. You hereby represent that your performance of all the terms of this Agreement and the performance of your duties
as an employee of the Company does not and will not breach any agreement to keep in confidence proprietary information, knowledge
or data acquired by you in confidence or in trust prior to your employment with the Company. You also represent that you are not
a party to or subject to any restrictive covenants, legal restrictions, policies, commitments or other agreements in favor of any
entity or person that would in any way preclude, inhibit, impair or limit your ability to perform your obligations under this Agreement,
including noncompetition agreements or nonsolicitation agreements, and you further represent that your performance of the duties
and obligations under this Agreement does not violate the terms of any agreement to which you are a party. You agree that you will
not enter into any agreement or commitment or agree to any policy that would prevent or hinder your performance of duties and obligations
under this Agreement.

 

(i)       Disclosure
of this Agreement. You acknowledge that the Company may provide persons or entities who may employ or engage you with a
copy of the Restrictive Covenants Agreement (or portions thereof) to highlight your continuing obligations to the Company. You
also acknowledge that the Company may be obligated to disclose the entire Agreement, or any portion thereof, to satisfy applicable
laws and regulations.

 

    Employment Agreement (Emmet O’Gara) – Page 9

     

    

(j)       Survivorship.
The respective rights and obligations of the Company and you hereunder will survive any termination of your employment to the extent
necessary to preserve the intent of such rights and obligations.

 

(k)       Withholding.
The Company will be entitled to withhold, or cause to be withheld, any amount of federal, state, city or other withholding taxes
or other amounts either required by law or authorized by you with respect to payments made to you in connection with your employment
or the termination of your employment.

 

(l)       Company
Policies. References in this Agreement to Company policies and procedures are to those policies and procedures in effect
at the Effective Date, as the Company may amend them from time to time.

 

(m)       Governing
Law; Dispute Resolution. The Parties agree that the enforcement of this Agreement shall be governed by the Federal Arbitration
Act (“FAA”), 9 U.S.C. §1 et seq. The laws of the State of Texas and the National Rules (as defined below)
shall apply to the interpretation of this Agreement, pursuant to section 2 of the FAA. The laws of the State of Texas shall govern
the substantive merits of any legal dispute set forth herein, without regard to conflicts of law provisions. In case of any controversy
or claim arising out of or related to this Agreement or relating to your employment or the termination of your employment (including
claims relating to employment discrimination), except as expressly excluded herein, each Party agrees to give the other Party notice
of an intent to seek arbitration under this Agreement and 10 days to reach a resolution. Should resolution of any controversy or
claim not be reached following provision of notice and a reasonable opportunity to cure, then the dispute (including the arbitrability
of the dispute itself, and the formation or enforceability of this Agreement) shall be settled by arbitration under the American
Arbitration Association’s Employment Arbitration Rules and Mediation Procedures (the “National Rules”).
A single arbitrator shall be selected in accordance with the National Rules. The dispute will be arbitrated in Danvers, Massachusetts,
absent mutual agreement of the Parties to another venue. Any claim or controversy not submitted to arbitration in accordance with
this Section 10(m) (other than as provided under the Restrictive Covenants Agreement) will be waived, and thereafter no arbitrator,
arbitration panel, tribunal, or court will have the power to rule or make any award on any such claim or controversy. In determining
a claim or controversy under this Agreement and in making an award, the arbitrator must consider the terms and provisions of this
Agreement, as well as all applicable federal, state, or local laws. The award rendered in any arbitration proceeding held under
this Section 10(m) shall be final and binding and judgment upon the award may be entered in any court having jurisdiction thereof.
The following claims are not covered by this Section 10(m): (1) claims for workers’ compensation or unemployment compensation
benefits; (2) administrative charges to any federal, state or local equal opportunity or fair employment practices agency; (3)
administrative charges to the National Labor Relations Board; (4) agency charges or complaints to exhaust an administrative remedy;
or (5) any other charges filed with or communication to a federal, state or local government office, official or agency. Also not
covered by this Section 10(m) are claims by the Company or by you for temporary restraining orders, preliminary injunctions or
permanent injunctions (“equitable relief”) in cases in which such equitable relief would be otherwise authorized by
law or pursuant to the Restrictive Covenants Agreement. The Company will be responsible for paying any filing fee of the sponsoring
organization and the fees and costs of the arbitrator; provided, however, that if you initiate the claim, you will contribute an
amount equal to the filing fee you would have incurred to initiate a claim in the court of general jurisdiction in the State of
Texas. Each party will pay for its own costs and attorneys’ fees, if any, provided that the arbitrator or court, as applicable,
may award reasonable costs and expenses in favor of the prevailing party. The Company and you agree that the decision as to whether
a party is the prevailing party in an arbitration, or a legal proceeding that is commenced in connection therewith will be made
in the sole discretion of the arbitrator or, if applicable, the court.

 

    Employment Agreement (Emmet O’Gara) – Page 10

     

    

Any action, suit or other legal proceeding with respect to equitable
relief that is excluded from arbitration above must be commenced only in a court of the State of Texas (or, if appropriate, a federal
court located within the State of Texas), and the Company and you each consent to the jurisdiction of such a court. With respect
to any such court action, the Parties hereto (a) submit to the personal jurisdiction of such courts; (b) consent to service of
process by the means specified under Section 10(a); and (c) waive any other requirement (whether imposed by statute, rule of court,
or otherwise) with respect to personal jurisdiction, inconvenient forum, or service of process.

 

(n)       Interpretation.
The parties agree that this Agreement will be construed without regard to any presumption or rule requiring construction or interpretation
against the drafting party. References in this Agreement to “include” or “including” should be read as
though they said “without limitation” or equivalent forms.

 

(o)       Entire
Agreement. This Agreement and any documents referred to herein, including, but not limited to, the Restrictive Covenants
Agreement referenced in Section 8, represent the entire agreement of the Parties and will supersede any and all previous contracts,
arrangements or understandings between the Company and you, including, without limitation, the Prior Agreement.

 

(p)       Counterparts.
This Agreement may be executed in counterparts, and all so executed shall constitute one agreement which shall be binding upon
all Parties hereto, notwithstanding that all Parties’ signatures do not appear on the same page.

 

[Signatures on Following Page(s)]

 

 

 

 

 

 

 

 

 

  

 

 

 

    Employment Agreement (Emmet O’Gara) – Page 11

     

    

 

IN WITNESS WHEREOF, the Parties have executed
this Agreement to be effective as of the Effective Date set forth above.

 

HMS Holdings Corp.

 

 

	By: 	/s/ William C. Lucia              	3/29/2018              
	 	William C. Lucia	Date
	Its:	Chairman, President and Chief Executive Officer

	 
	 	 	 
	 	 	 
	 	 	 
	 	Emmet O’Gara	 
	 	 	 
	 	 	 
	 	/s/ Emmet O’Gara              	4/2/2018              
	 		Date

 

 

 

 

 

 

 

 

 

 

 

Employment
Agreement (Emmet O’Gara) – Page 12Exhibit 10.9

 

SEPARATION, WAIVER AND GENERAL RELEASE AGREEMENT

 

This Separation, Waiver and General Release
Agreement (referred to herein as “Agreement” or “Release”) is entered into by and between
Semone Neuman (referred to herein as “You” or “Releasor”) and HMS Holdings Corp. For purposes
of this Agreement, the term “Company” shall refer to HMS Holdings Corp. and its corporate affiliates and their
respective direct and indirect subsidiaries and successors and assigns. The Company, together with its past and present parents,
subsidiaries, affiliates, shareholders, owners, partners, members, officers, directors, representatives, employees, agents, counsel,
successors and assigns, benefit plans, benefit plan trustees and administrators are referred to collectively herein as the “Releasees.”
You and the Releasees shall be referred to collectively herein as the “Parties” and individually as a “Party.”

 

WHEREAS, the Parties previously entered
into that certain Amended and Restated Executive Employment Agreement, effective April 2, 2018 (the “Employment Agreement”),
pursuant to which the Company has employed you as its Executive Vice President, Coordination of Benefits;

 

WHEREAS, your employment with the Company
will end as of March 16, 2019 (the “Separation Date”); and

 

WHEREAS, in accordance with Section 6(b)
of the Employment Agreement, the Company desires to offer you this Agreement in exchange for certain agreements, warranties, representations
and releases on your part contained in this Agreement;

 

NOW, THEREFORE, in consideration of the
mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Parties agree as follows:

 

1.                 
Nature of Agreement and Non-Admission of Liability

 

This is an agreement of settlement and compromise,
and by entering into this Agreement none of the Parties agree or concede in any manner whatsoever that they violated any law or
statute of any jurisdiction, breached any duty, responsibility or contract, or acted improperly in any manner. It is understood
and agreed that nothing in this Agreement shall be interpreted or construed as the admission of any wrongdoing by any or all the
Releasees or by any person or entity acting for or on behalf of any or all of the Releasees.

 

2.                 
End of Releasor’s Employment

 

You agree that, effective as of January 9, 2019,
you will resign from your position as Executive Vice President, Coordination of Benefits of the Company and from all other employee,
officer, director, manager, and other positions and associations of any kind with the Company; provided, however, that your employment
with the Company shall not terminate until the Separation Date. You agree to execute all documents and to take such further steps
as may be required to effectuate such resignation(s). You agree that during the period commencing on the Effective Date (as defined
in paragraph 14 below) and ending on the Separation Date, you shall assist with the transition of your current duties and responsibilities,
to the extent requested by the Company’s Chief Executive Officer. The Company shall continue to employ you until the Separation
Date, and your salary and all benefits will remain unchanged until such date; provided, however, that you shall no longer have
any leadership or decision-making authority or take any actions, execute any documents, or make any representations on behalf of
the Company. You agree that your services shall be available to the Company as needed through the Separation Date and will be subject
to the same policies, standards of conduct and performance applicable to all officers and managers of the Company. From the date
hereof and until the Separation Date, you shall serve as a senior advisor to the Company, and you agree to (a) cooperate fully
and provide assistance, at the request of the Company and upon reasonable notice, in the orderly transitioning of your duties and
responsibilities to such other persons as the Company shall designate and (b) thoroughly and diligently perform those duties and
actions which are necessary or appropriate to cause such orderly transition. You acknowledge and agree that you shall receive no
additional compensation for time spent assisting the Company pursuant to this paragraph 2 other than the compensation and
benefits provided for in this Agreement. You agree that this Agreement fully supersedes any and all prior agreements relating to
your employment with the Company, including, without limitation, the Employment Agreement (other than the Surviving Provisions
and other than the Restrictive Covenant Agreement (each as defined below)).

     

     

    

3.                 
No Further Monies are Due to You; Non-Waiver of Certain Rights

 

Other than the monies to be paid pursuant to
paragraph 4, there are no other monies that you claim are owed to you which relate in any way to your employment with the Company.
This includes, but is not limited to, salaries, bonuses, commissions, wages, reimbursable business expenses or contributions to
employee benefit plans, vacation or severance pay. Nothing herein shall be construed or interpreted in any way to: (a) limit or
deny your right to receive any vested employee benefit under a plan of the Company for which you were or are a participant; (b)
alter your right to elect continued coverage of benefits pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985
(“COBRA”) or any state equivalent law; or (c) limit your ability to seek and/or collect unemployment insurance
benefits (assuming you otherwise qualify for such benefits).

 

4.                 
Consideration

 

A.               
Prior to the Separation Date, you shall continue to receive your base salary, less all applicable payroll taxes and withholdings,
in accordance with the Company’s normal payroll practices, and other benefits as in effect immediately prior to the Effective
Date, including, without limitation, continued eligibility to receive a bonus pursuant to the Company’s annual bonus plan
with respect to the 2018 performance period.

 

B.                
Provided that you comply with this Agreement, the Restrictive Covenant Agreement and the Surviving Provisions, do not revoke
your signature on this Agreement (as discussed in paragraph 15), and execute the attached Exhibit B on (but not before)
the Separation Date, or within seven (7) days following the Separation Date, and do not revoke it, the Company shall (on behalf
of the Releasees) provide you with the following consideration after your termination of employment:

    	 	Page 2 of 21	 

     

    

(i)                
The Company will pay you an amount equal to twelve (12) times your monthly base salary (the “Separation Payment”),
provided you have not secured another position with the Company. The Separation Payment shall be paid to you in bi-weekly payments,
beginning on the first full payroll period after the expiration of the revocation period set forth in paragraph 15 of this Agreement.
Payments of the Separation Payment will be made on the Company’s normal payroll cycle in accordance with the Company’s
regular payroll practices, and are subject to all statutory deductions required by federal, state and/or local law. Payments will
be reported on a tax Form W-2.

 

(ii)             
The Company will pay you a lump-sum amount equal to the difference between the COBRA coverage premium for the same type
of medical, dental and vision coverage (single, family or other) in which you are enrolled as of the Separation Date and your employee
contribution, which represents the amount the Company would allocate for such coverage had your coverage remained active for twelve
(12) months. This payment will be made within sixty (60) days of the termination of your employment and will be taxable and subject
to withholding for all required federal, state and/or local income and employment taxes. You will be responsible for ensuring the
timely payment of your COBRA coverage premiums.

 

The Company shall have no obligation to pay
the amounts or to provide the benefits described in this paragraph 4(B) unless you execute and do not revoke this Agreement and
Exhibit B. The amounts payable pursuant to this paragraph 4(B) shall not be treated as compensation under the Company’s
401(k) or other retirement plan. You acknowledge and agree that you are not otherwise entitled to the amounts and benefits set
forth in this paragraph 4(B).

 

C.                
Even if you choose not to sign this Agreement, or if you sign this Agreement and then revoke your signature (as explained
below), you will still be paid your regular salary through the Separation Date and your accrued but unused PTO, if any, for the
calendar year in which the Separation Date occurs.

 

5.                 
Return of Company Property

 

On or before the Separation Date, you shall
return to the Company all Company property in your possession, custody or control, including all keys, files, records, equipment
(including computer hardware, software, printers, wireless handheld devices, cellular phones, etc.), and Company Confidential Information
(as defined in paragraph 10(E)) and have left intact with, or delivered intact to, the Company all electronic Company documents,
including those that you developed or helped to develop during your employment, none of which you will retain in any form or medium.

 

6.                 
Release

 

In exchange for the consideration provided by
the Company under the terms of this Agreement in paragraph 4(B), you irrevocably and unconditionally release and discharge the
Releasees jointly and severally, from any and all debts, claims, liabilities, demands and causes of action of every kind, nature
and description, in law, or in equity, which against the Releasees, you, your heirs, executors, administrators, successors and
assigns ever had, now have or hereafter can, shall or may have for, upon or by reason of any matter, cause or thing whatsoever,
from the beginning of time to the date you sign this Agreement. You represent that you have not assigned or otherwise transferred
any interest in any claim that is the subject of this Agreement.

    	 	Page 3 of 21	 

     

    

This Release covers, without limitation, any
claims of harassment and/or discrimination on the basis of sex, sexual orientation, gender identification, pregnancy, disability
(including claims concerning a history or record of a disability, predisposing genetic condition, and claims that you were regarded
as having a disability), handicap, genetic information, race, color, religion, creed, national origin, ancestry, age, citizenship,
ethnic characteristics, marital status or military/veteran status and also includes, no matter how denominated or described, any
claims under any federal, Texas, South Carolina (or other state) state or local law, statute, rule, regulation, ordinance or executive
order of discrimination and/or retaliation and non-payment of wages, bonuses, commissions or other compensation, including, without
limitation, the Age Discrimination in Employment Act of 1967 (“ADEA”), Older Workers Benefit Protection Act,
Employee Retirement Income Security Act of 1974, Title VII of the Civil Rights Act of 1964, Civil Rights Act of 1866, The Civil
Rights Act of 1991, Rehabilitation Act of 1973, Executive Order 11246, Executive Order 11141, Genetic Information Nondiscrimination
Act of 2008, Americans with Disabilities Act of 1990 (“ADA”), ADA Amendments Act, Family and Medical Leave Act,
Occupational Safety and Health Act, Fair Labor Standards Act, Worker Adjustment and Retraining Notification Act, Fair Credit Reporting
Act, Texas Labor Code Annotated § 21.001 et seq. (Texas civil rights law), Texas Labor Code Annotated § 21.055
et seq. (Texas whistleblower protection law), Texas Commission on Human Rights Act, Texas Law on Communicable Diseases,
Texas Breast-Feeding Rights and Policies Law, the South Carolina Human Affairs Law, as amended, the South Carolina Payment of Wages
Law, as amended, and all other federal, state and local laws, including without any limitation, any claims of wrongful or tortious
discharge or termination, breach of contract, breach of the implied covenant of good faith and fair dealing, written or oral, express
or implied, breach of promise, public policy, negligence, intentional infliction of emotional distress, negligent infliction of
emotional distress, assault, battery, false imprisonment, defamation, libel, slander, invasion of privacy, impairment of economic
opportunity, loss of business opportunity, fraud, misrepresentation, and whistleblower activities, and any claim or damage arising
out of your employment with and/or separation from the Company (including a claim for retaliation) under any common law theory
or any federal, state or local law, statute, rule, regulation, ordinance or executive order not expressly referenced above.

 

This Release does not apply to any claims or
rights that may arise after the date you sign this Release. Excluded from this Release are any claims which cannot be waived by
law, including but not limited to, the right to participate in an investigation conducted by certain government agencies. You do,
however, waive your right to any monetary recovery from the Company or the Releasees should any agency (e.g., the Equal
Employment Opportunity Commission) pursue any claims on your behalf, unless otherwise prohibited by law. You represent and warrant
that you have not filed any complaint, charge, or lawsuit against the Company with any government agency or any court.

 

You agree never to sue the Company or the Releasees
in any forum for any claim covered by the above waiver and release language, except that you may bring a claim against the Company
under the ADEA to challenge this Release. If you violate this Release by suing the Company or the Releasees, other than under the
ADEA or as otherwise set forth above, you shall be liable to the Company and/or the Releasees for their reasonable attorneys’
fees and other litigation costs incurred in defending against such a suit. Nothing in this Release is intended to reflect any party’s
belief that your waiver of claims under ADEA is invalid or unenforceable, it being the interest of the Company and you that such
claims are waived.

 

    	 	Page 4 of 21	 

     

    

The Parties intend this Release to be construed
and interpreted to the fullest extent permitted by law as a general release. The terms of this Agreement are accepted by you as
full and complete resolution, accord and satisfaction of any and all claims, demands or grievances you have made against, and/or
could have made against any of the Releasees.

 

7.                 
Acknowledgements

 

You acknowledge that you have no knowledge of
any violations by the Company of the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”),
the Fair Debt Collection Practices Act, the civil or criminal provisions of the federal False Claims Act, the Civil Monetary Penalties
Statute, Titles XVIII and XIX of the Social Security Act (the Medicare and Medicaid statutes), the Health Care Benefit Program
False Statements Statute, the Health Care Fraud Statute, any and all of the statutory provisions referenced in the Federal Health
Care Offense Definitions Statute, or any other federal or state laws relating to negligence, fraud and abuse in health care (collectively,
the “Health Care Laws”), or the Sarbanes Oxley Act. You have received instruction from the Company on how to
report claims or violations under the Health Care Laws and the Sarbanes Oxley Act, and as of the date of executing this Agreement,
have no claims to report under the Health Care Laws or the Sarbanes Oxley Act. You further certify that you have not reported to
any government authority or other entity any such healthcare compliance concerns, issues, and/or violations or potential violations,
which remain unanswered or unresolved. Furthermore, in connection with the foregoing acknowledgements, you have signed the Corporate
Compliance Statement - Return of Company Property & Information document, attached to this agreement as Exhibit A,
and hereby affirm the representations therein.

 

8.                 
Non-Waiver or Release of Subsequent Rights or Claims

 

Nothing contained herein is intended to or shall
constitute a waiver or release of any rights or claims that arise after the date you sign this Agreement.

 

9.                 
Non-Waiver of Rights Under this Agreement

 

Nothing herein is intended to or constitutes
a waiver of any rights the Parties may have under this Agreement.

 

10.             
Representations and Warranties

 

As a material part of this Agreement, you make
the following representations and warranties:

 

A.               
You have not commenced or asserted an administrative charge or complaint, and you have not commenced or asserted, and shall
not commence or assert, any lawsuit, arbitration, claim or legal proceeding, against any or all of the Releasees that is designed
to remedy or seek redress for any right or rights waived and/or released by this Agreement.

    	 	Page 5 of 21	 

     

    

B.                
You agree to keep confidential all information relating to this Agreement, including its negotiation, terms and existence.
You may communicate or publish any information relating to this Agreement to your immediate family (defined herein as parents,
siblings, parents-in-law, spouse, domestic partner or children), legal and financial representatives, and tax preparer. Before
such information is disclosed by you to any such person(s), however, you shall advise such person(s) that the information they
will receive is to be kept confidential, and such person(s) must agree to maintain the confidentiality of the information they
receive.

 

C.                
You are not aware of any facts or circumstances suggesting that the Company has engaged in any wrongful or unlawful conduct.

 

D.               
Non-Disparagement

 

You will not make or cause to be made or published
any statement, written or oral, directly or indirectly, which is intended to or has the effect of having any negative impact on
the Company, its business or reputation in the marketplace or otherwise, subject to your rights in paragraph 10(G).

 

E.                
Surviving Provisions; Confidentiality

 

You acknowledge and agree to honor and abide
by your obligations under Section 8, Section 9, and Section 10 of the Employment Agreement (such sections of the Employment Agreement
are referred to herein as, the “Surviving Provisions”, and shall survive the termination of your employment
with the Company and the Employment Agreement and shall remain in full force and effect). You further acknowledge that as a condition
of your employment with the Company, you previously entered into a Noncompetition, Nonsolicitation, Proprietary and Confidential
Information and Developments Agreement (the “Restrictive Covenant Agreement”), a copy of which is being provided
to you with this Agreement, and the provisions of which are incorporated herein by reference. You agree that the terms of the Restrictive
Covenant Agreement and the Surviving Provisions shall continue by their own terms in full force and effect. You agree that the
terms of the Restrictive Covenant Agreement and the Surviving Provisions are reasonable and that the consideration set forth in
this Agreement shall also be considered additional consideration for your ratification of the Restrictive Covenant Agreement and
the Surviving Provisions. In addition, you acknowledge your duty to keep confidential Protected Health Information within the meaning
of federal HIPAA regulations, including, but not limited to, any patient-specific information derived from medical or financial
records or from electronic data files used in Company’s business operations. Under the terms of this Agreement, the restrictive
covenants and confidentiality obligations to the Company survive the execution of this Agreement. You acknowledge that your adherence
to the terms of the Restrictive Covenant Agreement, the Surviving Provisions, and compliance with your above-referenced obligations
to keep confidential Protected Health Information within the meaning of federal HIPAA regulations is important to the Company’s
business. You agree to familiarize yourself with the provisions of the Restrictive Covenant Agreement, the Surviving Provisions,
and the federal HIPAA regulations, as your violation of these confidentiality obligations may subject you to liability.

 

You further acknowledge and agree that you have
a common law duty of confidentiality to the Company that prevents you from using the Company’s confidential information during
or after employment, except on the Company’s behalf. You agree that you will not disclose to any person or entity any Confidential
Information relating to the Company or its past or present partners, shareholders, owners, officers, directors or employees. For
the purposes of this Agreement, the term Confidential Information shall mean information not in the public domain relating to the
Company’s past or present clients, business processes or methods, its trade secrets, marketing, promotional, public relations
or other plans, or other information involving the Company; the Company’s financial, payroll or wage information; or any
personal matters of any partner, shareholder, owner, officer, director or employee of the Company.

    	 	Page 6 of 21	 

     

    

F.                 
Nothing in this Agreement, including paragraphs 10(A) through 10(E), shall be construed to prevent you (or any of the Releasees)
from testifying truthfully, under oath, about any matter, if required to do so in any legal proceeding.

 

G.               
Nothing in this Agreement shall be construed to limit your right to initiate communications with, or participate or cooperate
in any investigation conducted by, any federal, state or local government agency or regulatory authority, even if the subject matter
of the communication or investigation concerns a right, claim or matter waived or released by this Agreement.

 

H.               
Nothing in this Agreement prohibits you from reporting possible violations of state or federal law or regulation to any
government agency, regulator, or legal authority, or making other disclosures that are protected under the whistleblower provisions
of state or federal law or regulation. You are not required to notify the Company that you have made any such reports or disclosures;
provided, however, that nothing herein authorizes the disclosure of information you obtained through a communication that was subject
to the attorney-client privilege, unless disclosure of the information would otherwise be permitted by an applicable law or rule.
Further, pursuant to the Defend Trade Secrets Act: “An individual shall not be held criminally or civilly liable under any
Federal or State trade secret law for the disclosure of a trade secret as defined in the Economic Espionage Act that (A) is made
(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii)
solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document
filed in a lawsuit or other proceeding, if such filing is made under seal. An individual who files a lawsuit for retaliation by
an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use
the trade secret information in the court proceeding, if the individual (A) files any document containing the trade secret under
seal; and (B) does not disclose the trade secret, except pursuant to court order.”

 

I.                   
Nothing in this Agreement shall be construed to release or waive any claim that may not be released or waived by law.

 

J.                  
You understand and agree that you shall not after your Separation Date contact or communicate with employees of the Company,
other than the Company’s Executive Vice President, General Counsel, its Executive Vice President, Chief Administrative &
Human Resources Officer, or a member of the Company’s Human Resources department, with regard to the subject matter of this
Agreement. Nothing herein shall preclude you from discussing in general terms your duties and responsibilities while at the Company.

    	 	Page 7 of 21	 

     

    

K.               
You acknowledge that you have no entitlement to severance pay or any benefit resulting from your termination. You further
understand that your receiving the consideration set forth in this Agreement is conditional upon your signing this Agreement. You
acknowledge that the Separation Payment to be made to you under this Agreement is in addition to anything of value to which you
are already entitled.

 

11.             
Cooperation

 

Following the Separation Date, you agree to
cooperate with the Company in regard to the transition of the business matters you handled on behalf of the Company. You also agree
to reasonably cooperate with the Company and its counsel in the defense or prosecution of any claims or actions now in existence
or which may be brought in the future against or on behalf of the Company which relate in any way to events or occurrences that
transpired while you were employed by the Company, subject to your rights in paragraph 10(G) above. Your cooperation in connection
with such claims or actions will include, but not be limited to, being available to meet with the Company’s counsel to prepare
for discovery, trial, or any legal proceeding, and to act as a witness on behalf of the Company at mutually convenient times. The
Company will reimburse you for all reasonable, pre-approved out-of-pocket costs and expenses (but not including attorneys’
fees and costs) that you incur and compensate you at an hourly rate based on the base salary paid to you at the time of your separation
(which is intended to be a fair and reasonable estimate of the total value of your lost time and is not intended to influence or
in any way alter the substance of any testimony you may provide) in connection with your performance of your obligations under
this paragraph of the Agreement, to the extent permitted by law.

 

12.             
Remedy in the Event of a Breach

 

In the event you breach any portion of this
Agreement, you shall immediately, upon written demand, return to the Company all monies paid to you pursuant to this Agreement
(except the payment(s) set forth in paragraphs 4(A) and (C)), and the Company shall retain all rights to pursue legal and equitable
remedies to: (a) enforce the terms of this Agreement, and/or (b) seek damages for any breach.

 

13.             
Additional Representations

 

By signing this Agreement, you further acknowledge,
understand, and agree that by signing this Agreement, you are knowingly and voluntarily agreeing to waive and release, among other
claims, any and all claims under the ADEA and the Older Workers Benefit Protection Act you have had or may have against the Company
and/or the Releasees. Further, you understand and agree that:

 

A.               
You will have a period of twenty-one (21) calendar days from the date you receive this Agreement to review and deliberate
whether or not to sign it, any or all of which period you may waive;

 

B.                
You are hereby advised to consult with an attorney before executing this Agreement;

    	 	Page 8 of 21	 

     

    

C.               
You have carefully read and understand the terms of this Agreement, and have had a full and fair opportunity to review this
Agreement with an attorney of your choice;

 

D.               
You have signed this Agreement freely and voluntarily and without fraud, duress or coercion and with full knowledge and
understanding of its terms and of its significance and consequences and of the rights relinquished, surrendered, released and discharged
hereunder; and

 

E.                
The only consideration for signing this Agreement is stated herein, and no other promise, agreement or representation of
any kind has been made to you by any person or entity whatsoever to cause you to sign this Agreement.

 

14.             
Manner of Acceptance

 

In order to accept the terms of this Agreement,
you must return a signed copy to the Company (at the address set forth in paragraph 16 hereof) by the twenty-first (21st)
calendar day after the date you receive this Agreement. In the event a timely acceptance is made, and you do not revoke your signature
pursuant to paragraph 15, the Company shall provide the consideration described in paragraph 4(B).

 

In the event the twenty-first (21st)
day falls on a Saturday, Sunday or on a day that the Company’s office is closed, your time to accept the terms of this Agreement
shall be extended until the next regular business day that the Company’s office is open.

 

If you do not revoke your signature to this
Agreement, the eighth (8th) day after your date of acceptance will be the effective date of this Agreement (the “Effective
Date”).

 

15.             
Right to Revoke

 

You may revoke your signature (thereby rescinding
your acceptance of the terms of this Agreement) within seven (7) calendar days from the date on which you sign this Agreement.
If the seventh (7th) day falls on a Saturday, Sunday or on a day that the Company’s office is closed, your time
to revoke your signature shall be extended until the next regular business day that the Company’s office is open. In the
event you wish to revoke your signature, you must give written notice to that effect pursuant to paragraph 16 hereof. If you timely
revoke your signature on this Agreement, or if you do not timely sign and return this Agreement to the Company (pursuant to paragraph
14), this Agreement shall be null, void and of no effect, and you shall not be entitled to any of the consideration described in
paragraph 4(B).

 

16.             
Addresses for Notices

 

Any notice required pursuant to this Agreement
shall be sent via registered mail, return receipt requested, or overnight mail with delivery confirmation to the following addresses:

 

If to the Company: HMS, 5615 High Point
Drive, Irving, Texas 75038, Attention: Tracy South, Human Resources Department.

 

If to You:

    	 	Page 9 of 21	 

     

    

Any Notice sent in accordance with this paragraph
shall be deemed effective upon receipt. Notwithstanding anything to the contrary contained herein, at any time after the execution
of this Agreement any Party may modify the address(es) (including telephone number(s)) to which it desires notices to be sent by
advising the other, in writing as provided in this paragraph. Such modification shall be deemed effective upon receipt.

 

17.             
General Legal Matters

 

A.               
The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of
any other provision hereof. In the event any provision of this Agreement is determined by a court of competent jurisdiction to
be invalid, unlawful or unenforceable, it shall be severed from the Agreement, and the court shall be permitted to redraft the
language so as to conform the severed language to the Parties’ intent. If any provision, or portion thereof, of this Agreement
is determined to be invalid under applicable statute or rule of law, only such provision, and only to the extent determined to
be invalid, shall be deemed omitted from this Agreement, the remainder of which shall remain in full force and effect. In the event
the general release provisions of this Agreement are determined to be invalid, you shall immediately execute a modified general
release that is valid that shall be effective as of the date this Agreement becomes effective.

 

B.                
This Agreement (including the exhibits attached hereto), the Restrictive Covenant Agreement, and the Surviving Provisions
reflect the entire agreement among the parties relating to the matters set forth herein and relating to your employment. With the
exception of the agreements described in paragraph 10(E) and any Non-Qualified Stock Option/Restricted Stock Unit Agreement that
you may have received during your employment, which agreements shall remain in full force and effect in accordance with their respective
terms and conditions, any other agreements, understandings, promises or commitments among the Parties are superseded by this Agreement.
This Agreement (including the exhibits attached hereto) has been negotiated, drafted and reviewed by the Parties and/or their designated
counsel. No language herein shall be construed for or against the interests of any Party on the ground that either Party was the
proponent or draftsperson thereof. This Agreement may not be changed unless the change is in writing and signed by you and the
Company.

 

C.                
This Agreement will be governed by and construed as a sealed instrument under and in accordance with the laws of the State
of Texas without regard to conflicts of law provisions. Any action, suit or other legal proceeding that is commenced to resolve
any matter arising under or relating to any provision of this Agreement must be commenced only in a court of the State of Texas
(or, if appropriate, a federal court located within the State of Texas) and the Company and you each consents to the jurisdiction
of such a court. With respect to any such court action, the Company and you (a) submit to the personal jurisdiction of such courts;
(b) consent to service of process by the means specified under paragraph 16; and (c) waive any other requirement (whether imposed
by statute, rule of court, or otherwise) with respect to personal jurisdiction, inconvenient forum, or service of process. The
Company and you each hereby irrevocably waives any right to a trial by jury in any action, suit or other legal proceeding arising
under or relating to any provision of this Agreement.

    	 	Page 10 of 21	 

     

    

D.               
Paragraph headings used in this Agreement are for informational purposes only and shall not be construed or interpreted
as part of this Agreement. Usage of the singular shall include the plural and vice versa. Use of male pronouns shall be read to
include the female and vice versa.

 

E.                
This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”),
if and to the extent applicable, and will be interpreted and applied in a manner consistent with that intention. Toward that end,
unless permitted sooner by Section 409A of the Code, severance amounts otherwise payable within six (6) months after termination
of employment will be deferred until and become payable on the first (1st) day of the seventh (7th) month
following termination of employment. Further, to the extent Section 409A of the Code is applicable, the phrase “termination
of employment” shall have the same meaning as a “separation from service” as defined in Section 409A of the Code
and its accompanying regulations. Notwithstanding any provision of this Agreement, to the extent required by Section 409A, if the
time period in which this Agreement may be signed and revoked spans two (2) taxable years, the Separation Payments shall be made
or commence in the latter year.

 

F.                 
This Agreement can be executed in any number of counterparts, each of which shall be effective only upon delivery and thereafter
shall be deemed an original, and all of which shall be taken to be one and the same instrument for the same effect as if all Parties
hereto had signed the same signature page. A facsimile or e-mail copy of any Party’s signature shall be deemed as legally
binding as the original signature.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

    	 	Page 11 of 21	 

     

    

I hereby provide this Separation, Waiver and General Release
Agreement as of the date set forth below and acknowledge that my execution of this Separation, Waiver and General Release Agreement
is in further consideration of the separation benefits that I acknowledge I would not be entitled to if I did not sign it. I intend
this Separation, Waiver and General Release Agreement to become a binding agreement between the Company and me if I do not revoke
my acceptance within seven (7) days of the date set forth next to my signature below.

 

RELEASOR:

 

	  /s/ Semone Neuman	 	January 9, 2019
	Semone Neuman	 	Date

         

 

 

 

FOR THE RELEASEES:

 

	/s/ Tracy South	 

By: Tracy South

Executive Vice President,

Chief Administrative & Human Resources Officer

 

 

    	 	Page 12 of 21	 

     

    

 

 

 

    	 	Page 13 of 21	 

     

    

EXHIBIT B

 

Waiver and General Release Agreement

 

This Waiver and General Release Agreement (“Release”),
entered into by and between Semone Neuman (referred to herein as “You” or “Releasor”) and HMS Holdings
Corp. For purposes of this Release, the term “Company” shall refer to HMS Holdings Corp and its corporate affiliates
and their respective direct and indirect subsidiaries and successors and assigns. Terms used in this Release with initial capital
letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Separation, Waiver and General
Release Agreement, dated _________ ___, 2019, by and between you and the Company (the “Agreement”). The Company,
together with its past and present parents, subsidiaries, affiliates, shareholders, owners, partners, members, officers, directors,
representatives, employees, agents, counsel, successors and assigns, benefit plans, benefit plan trustees and administrators are
referred to collectively herein as the “Releasees.” You and the Releasees shall be referred to collectively
herein as the “Parties” and individually as a “Party.”

 

WHEREAS, you and the Company are parties
to the Agreement; and

 

WHEREAS, paragraph 4(B) of the Agreement
provides that you will be entitled to certain payments and benefits if you sign a release of claims agreement;

 

NOW, THEREFORE, in consideration of the mutual promises
and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the Parties agree as follows:

 

1.                 
Nature of Agreement and Non-Admission of Liability

 

This is an agreement of settlement and compromise,
and by entering into this Release none of the Parties agree or concede in any manner whatsoever that they violated any law or statute
of any jurisdiction, breached any duty, responsibility or contract, or acted improperly in any manner. It is understood and agreed
that nothing in this Release shall be interpreted or construed as the admission of any wrongdoing by any or all the Releasees or
by any person or entity acting for or on behalf of any or all of the Releasees.

 

2.                 
Release

 

In exchange for the consideration provided by
the Company under the terms of the Agreement in paragraph 4(B), you irrevocably and unconditionally release and discharge the Releasees
jointly and severally, from any and all debts, claims, liabilities, demands and causes of action of every kind, nature and description,
in law, or in equity, which against the Releasees, you, your heirs, executors, administrators, successors and assigns ever had,
now have or hereafter can, shall or may have for, upon or by reason of any matter, cause or thing whatsoever, from the beginning
of time to the date you sign this Release. You represent that you have not assigned or otherwise transferred any interest in any
claim that is the subject of this Release.

    	 	Page 14 of 21	 

     

    

This Release covers, without limitation, any
claims of harassment and/or discrimination on the basis of sex, sexual orientation, gender identification, pregnancy, disability
(including claims concerning a history or record of a disability, predisposing genetic condition, and claims that you were regarded
as having a disability), handicap, genetic information, race, color, religion, creed, national origin, ancestry, age, citizenship,
ethnic characteristics, marital status or military/veteran status and also includes, no matter how denominated or described, any
claims under any federal, Texas, South Carolina (or other state) state or local law, statute, rule, regulation, ordinance or executive
order of discrimination and/or retaliation and non-payment of wages, bonuses, commissions or other compensation, including, without
limitation, the Age Discrimination in Employment Act of 1967 (“ADEA”), Older Workers Benefit Protection Act,
Employee Retirement Income Security Act of 1974, Title VII of the Civil Rights Act of 1964, Civil Rights Act of 1866, The Civil
Rights Act of 1991, Rehabilitation Act of 1973, Executive Order 11246, Executive Order 11141, Genetic Information Nondiscrimination
Act of 2008, Americans with Disabilities Act of 1990 (“ADA”), ADA Amendments Act, Family and Medical Leave Act,
Occupational Safety and Health Act, Fair Labor Standards Act, Worker Adjustment and Retraining Notification Act, Fair Credit Reporting
Act, Texas Labor Code Annotated § 21.001 et seq. (Texas civil rights law), Texas Labor Code Annotated § 21.055
et seq. (Texas whistleblower protection law), Texas Commission on Human Rights Act, Texas Law on Communicable Diseases,
Texas Breast-Feeding Rights and Policies Law, the South Carolina Human Affairs Law, as amended, the South Carolina Payment of Wages
Law, as amended, and all other federal, state and local laws, and including without any limitation, any claims of wrongful or tortious
discharge or termination, breach of contract, breach of the implied covenant of good faith and fair dealing, written or oral, express
or implied, breach of promise, public policy, negligence, intentional infliction of emotional distress, negligent infliction of
emotional distress, assault, battery, false imprisonment, defamation, libel, slander, invasion of privacy, impairment of economic
opportunity, loss of business opportunity, fraud, misrepresentation, and whistleblower activities, and any claim or damage arising
out of your employment with and/or separation from the Company (including a claim for retaliation) under any common law theory
or any federal, state or local law, statute, rule, regulation, ordinance or executive order not expressly referenced above.

 

This Release does not apply to any claims or
rights that may arise after the date you sign this Release. Excluded from this Release are any claims which cannot be waived by
law, including but not limited to, the right to participate in an investigation conducted by certain government agencies. You do,
however, waive your right to any monetary recovery from the Company or the Releasees should any agency (e.g., the Equal
Employment Opportunity Commission) pursue any claims on your behalf, unless otherwise prohibited by law. You represent and warrant
that you have not filed any complaint, charge, or lawsuit against the Company with any government agency or any court.

 

You agree never to sue the Company or the Releasees
in any forum for any claim covered by the above waiver and release language, except that you may bring a claim against the Company
under the ADEA to challenge this Release. If you violate this Release by suing the Company or the Releasees, other than under the
ADEA or as otherwise set forth above, you shall be liable to the Company and/or the Releasees for their reasonable attorneys’
fees and other litigation costs incurred in defending against such a suit. Nothing in this Release is intended to reflect any party’s
belief that your waiver of claims under ADEA is invalid or unenforceable, it being the interest of the Company and you that such
claims are waived.

 

    	 	Page 15 of 21	 

     

    

The Parties intend this Release to be construed
and interpreted to the fullest extent permitted by law as a general release. The terms of this Release are accepted by you as full
and complete resolution, accord and satisfaction of any and all claims, demands or grievances you have made against, and/or could
have made against any of the Releasees.

 

3.                 
Acknowledgements

 

You acknowledge that you have no knowledge of
any violations by the Company of the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”),
the Fair Debt Collection Practices Act, the civil or criminal provisions of the federal False Claims Act, the Civil Monetary Penalties
Statute, Titles XVIII and XIX of the Social Security Act (the Medicare and Medicaid statutes), the Health Care Benefit Program
False Statements Statute, the Health Care Fraud Statute, any and all of the statutory provisions referenced in the Federal Health
Care Offense Definitions Statute, or any other federal or state laws relating to negligence, fraud and abuse in health care (collectively,
the “Health Care Laws”), or the Sarbanes Oxley Act. You have received instruction from the Company on how to
report claims or violations under the Health Care Laws and the Sarbanes Oxley Act, and as of the date of executing this Release,
have no claims to report under the Health Care Laws or the Sarbanes Oxley Act. You further certify that you have not reported to
any government authority or other entity any such healthcare compliance concerns, issues, and/or violations or potential violations,
which remain unanswered or unresolved. Furthermore, in connection with the foregoing acknowledgements, you have signed the Corporate
Compliance Statement - Return of Company Property & Information document, attached to the Agreement as Exhibit A,
and hereby reaffirm the representations therein.

 

4.                 
Non-Waiver or Release of Subsequent Rights or Claims

 

Nothing contained herein is intended to or shall
constitute a waiver or release of any rights or claims that arise after the date you sign this Release.

 

5.                 
Non-Waiver of Rights Under this Release

 

Nothing herein is intended to or constitutes
a waiver of any rights the Parties may have under this Release.

 

6.                 
Representations and Warranties

 

As a material part of this Release, you make
the following representations and warranties:

 

A.               
You have not commenced or asserted an administrative charge or complaint, and you have not commenced or asserted, and shall
not commence or assert, any lawsuit, arbitration, claim or legal proceeding, against any or all of the Releasees that is designed
to remedy or seek redress for any right or rights waived and/or released by this Release.

 

B.                
You agree to keep confidential all information relating to this Release, including its negotiation, terms and existence.
You may communicate or publish any information relating to this Release to your immediate family (defined herein as parents, siblings,
parents-in-law, spouse, domestic partner or children), legal and financial representatives, and tax preparer. Before such information
is disclosed by you to any such person(s), however, you shall advise such person(s) that the information they will receive is to
be kept confidential, and such person(s) must agree to maintain the confidentiality of the information they receive.

    	 	Page 16 of 21	 

     

    

C.                
You are not aware of any facts or circumstances suggesting that the Company has engaged in any wrongful or unlawful conduct.

 

7.                 
Remedy in the Event of a Breach

 

In the event you breach any portion of this
Release, you shall immediately, upon written demand, return to the Company all monies paid to you pursuant to paragraph 4(B) of
the Agreement, and the Company shall retain all rights to pursue legal and equitable remedies to: (a) enforce the terms of this
Release, and/or (b) seek damages for any breach.

 

8.                 
Additional Representations

 

By signing this Release, you further acknowledge,
understand, and agree that by signing this Release, you are knowingly and voluntarily agreeing to waive and release, among other
claims, any and all claims under the ADEA and the Older Workers Benefit Protection Act you have had or may have against the Company
and/or the Releasees. Further, you understand and agree that:

 

A.               
You may not sign this Release until after the close of business on the Separation Date;

 

B.                
You are hereby advised to consult with an attorney before executing this Release;

 

C.               
You have carefully read and understand the terms of this Release, and have had a full and fair opportunity to review this
Release with an attorney of your choice;

 

D.               
You have signed this Release freely and voluntarily and without fraud, duress or coercion and with full knowledge and understanding
of its terms and of its significance and consequences and of the rights relinquished, surrendered, released and discharged hereunder;
and

 

E.                
The only consideration for signing this Release is stated herein, and no other promise, agreement or representation of any
kind has been made to you by any person or entity whatsoever to cause you to sign this Release.

 

9.                 
Manner of Acceptance

 

In order to accept the terms of this Release,
you must return a signed copy to the Company (at the address set forth in paragraph 11 hereof) on or within seven (7) calendar
days after the Separation Date (provided that you may not sign this Release until after the close of business on the Separation
Date). In the event a timely acceptance is made, and you do not revoke your signature pursuant to paragraph 10, the Company
shall provide the consideration described in paragraph 4(B) of the Agreement.

    	 	Page 17 of 21	 

     

    

In the event the seventh (7th) day
falls on a Saturday, Sunday or on a day that the Company’s office is closed, your time to accept the terms of this Release
shall be extended until the next regular business day that the Company’s office is open.

 

If you do not revoke your signature to this
Release, the eighth (8th) day after your date of acceptance will be the effective date of this Release.

 

10.             
Right to Revoke

 

You may revoke your signature (thereby rescinding
your acceptance of the terms of this Release) within seven (7) calendar days from the date on which you sign this Release. If the
seventh (7th) day falls on a Saturday, Sunday or on a day that the Company’s office is closed, your time to revoke
your signature shall be extended until the next regular business day that the Company’s office is open. In the event you
wish to revoke your signature, you must give written notice to that effect pursuant to paragraph 11 hereof. If you timely revoke
your signature on this Release, or if you do not timely sign and return this Release to the Company (pursuant to paragraph 9),
this Release shall be null, void and of no effect, and you shall not be entitled to any of the consideration described in paragraph
4(B) of the Agreement.

 

11.             
Addresses for Notices

 

Any notice required pursuant to this Release
shall be sent via registered mail, return receipt requested, or overnight mail with delivery confirmation to the following addresses:

 

If to the Company: HMS, 5615 High Point
Drive, Irving, Texas 75038, Attention: Tracy South, Human Resources Department.

 

If to You:

 

Any Notice sent in accordance with this paragraph
shall be deemed effective upon receipt. Notwithstanding anything to the contrary contained herein, at any time after the execution
of this Release any Party may modify the address(es) (including telephone number(s)) to which it desires notices to be sent by
advising the other, in writing as provided in this paragraph. Such modification shall be deemed effective upon receipt.

 

12.             
General Legal Matters

 

A.               
The invalidity or unenforceability of any provision of this Release shall not affect the validity or enforceability of any
other provision hereof. In the event any provision of this Release is determined by a court of competent jurisdiction to be invalid,
unlawful or unenforceable, it shall be severed from the Release, and the court shall be permitted to redraft the language so as
to conform the severed language to the Parties’ intent. If any provision, or portion thereof, of this Release is determined
to be invalid under applicable statute or rule of law, only such provision, and only to the extent determined to be invalid, shall
be deemed omitted from this Release, the remainder of which shall remain in full force and effect. In the event the general release
provisions of this Release are determined to be invalid, you shall immediately execute a modified general release that is valid
that shall be effective as of the date this Release becomes effective.

    	 	Page 18 of 21	 

     

    

B.                
This Release, together with the Agreement, reflects the entire agreement among the parties relating to the matters set forth
herein and relating to your employment. With the exception of the Agreement, the agreements described in paragraph 10(E) of the
Agreement and any Non-Qualified Stock Option/Restricted Stock Unit Agreement that you may have received during your employment,
which agreements shall remain in full force and effect in accordance with their respective terms and conditions, any other agreements,
understandings, promises or commitments among the Parties are superseded by this Release. This Release, together with the Agreement,
has been negotiated, drafted and reviewed by the Parties and/or their designated counsel. No language herein shall be construed
for or against the interests of any Party on the ground that either Party was the proponent or draftsperson thereof. This Release
may not be changed unless the change is in writing and signed by you and the Company.

 

C.                
This Release will be governed by and construed as a sealed instrument under and in accordance with the laws of the State
of Texas without regard to conflicts of law provisions. Any action, suit or other legal proceeding that is commenced to resolve
any matter arising under or relating to any provision of this Release must be commenced only in a court of the State of Texas (or,
if appropriate, a federal court located within the State of Texas) and the Company and you each consents to the jurisdiction of
such a court. With respect to any such court action, the Company and you (a) submit to the personal jurisdiction of such courts;
(b) consent to service of process by the means specified under paragraph 11; and (c) waive any other requirement (whether imposed
by statute, rule of court, or otherwise) with respect to personal jurisdiction, inconvenient forum, or service of process. The
Company and you each hereby irrevocably waives any right to a trial by jury in any action, suit or other legal proceeding arising
under or relating to any provision of this Release.

 

D.               
Paragraph headings used in this Release are for informational purposes only and shall not be construed or interpreted as
part of this Release. Usage of the singular shall include the plural and vice versa. Use of male pronouns shall be read to include
the female and vice versa.

 

E.                
This Release is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”),
if and to the extent applicable, and will be interpreted and applied in a manner consistent with that intention. Toward that end,
unless permitted sooner by Section 409A of the Code, severance amounts otherwise payable within six (6) months after termination
of employment will be deferred until and become payable on the first (1st) day of the seventh (7th) month
following termination of employment. Further, to the extent Section 409A of the Code is applicable, the phrase “termination
of employment” shall have the same meaning as a “separation from service” as defined in Section 409A of the Code
and its accompanying regulations. Notwithstanding any provision of this Release, to the extent required by Section 409A, if the
time period in which this Release may be signed and revoked spans two (2) taxable years, the Separation Payments shall be made
or commence in the latter year.

 

F.                 
This Release can be executed in any number of counterparts, each of which shall be effective only upon delivery and thereafter
shall be deemed an original, and all of which shall be taken to be one and the same instrument for the same effect as if all Parties
hereto had signed the same signature page. A facsimile or e-mail copy of any Party’s signature shall be deemed as legally
binding as the original signature.

 

    	 	Page 19 of 21	 

     

    

 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

 

 

 

 

    	 	Page 20 of 21	 

     

    

I hereby provide this Waiver and General Release Agreement as
of the date set forth below and acknowledge that my execution of this Waiver and General Release Agreement is in further consideration
of the separation benefits that I acknowledge I would not be entitled to if I did not sign it. I intend this Waiver and General
Release Agreement to become a binding agreement between the Company and me if I do not revoke my acceptance within seven (7) days
of the date set forth next to my signature below.

 

RELEASOR:

 

 

 

 

	 	 	 
	Semone Neuman	 	Date

         

 

 

 

FOR THE RELEASEES:

 

	 	 

By: Tracy South

Executive Vice President,

Chief Administrative & Human Resources Officer

 

 

 

Page 21 of 21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00292-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00292-of-00352.parquet"}]]