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Exhibit 10.38
AMENDMENT NO. 8
TO THE
HEALTH MANAGEMENT ASSOCIATES, INC.
1993 NON-STATUTORY STOCK OPTION PLAN
Effective December 5, 2000
WHEREAS, Health Management Associates, Inc., a Delaware corporation
(the "Company"), has established the Health Management Associates, Inc. 1993
Non-Statutory Stock Option Plan, effective December 15, 1992, as heretofore
amended (the "1993 Option Plan"); and
WHEREAS, the Company desires to amend the 1993 Option Plan pursuant to
Section 11 of the 1993 Option Plan in the manner herein set forth;
NOW, THEREFORE, Subsection (a) of Section 10 of the 1993 Option Plan
is hereby amended and replaced in its entirety, to provide as follows:
10. Form of Options and Conditions to Their Exercise.
"(a) Each Option by its terms will provide that it is not
transferable by the grantee otherwise than by will or the laws of
descent and distribution, and that it is exercisable, during the
lifetime of the grantee, only by him; provided, however, that the
Committee in its discretion may permit a grantee to transfer an
Option owned by him to a trust of which he is the sole lifetime
trustee and sole lifetime beneficiary."
Except as amended hereby, the 1993 Option Plan shall remain in full
force and effect in accordance with its terms.
This amendment No. 8 to the Health Management Associates, Inc. 1993
Non-Statutory Stock Option Plan was authorized, approved and adopted by the
Board of Directors of the Company on December 5, 2000.
/s/ Timothy R. Parry
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Timothy R. Parry, Corporate Secretary
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