EX-10.30: FORM OF 2006 STOCK INCENTIVE PLAN DIRECTOR STOCK OPTION AGREEMENT

Exhibit 10.30

Hudson City Bancorp, Inc.

2006 Stock Incentive Plan

Stock Option Agreement for Non-Employee Directors

Name:
Social Security No.:

Address:

This Stock Option Agreement is intended to set forth the terms and conditions on which a Stock Option (an “Option”) has been granted under the Hudson City Bancorp, Inc. 2006 Stock Incentive Plan. Set forth below are the specific terms and conditions applicable to this Option. Attached as Exhibit A are its general terms and conditions.

Option Grant
Grant Date			7/21/2006
Class of Optioned Shares*		Common
No. of Optioned Shares*			50,000
Exercise Price per Share*			$ 12.76
Option Type (ISO or NQSO)		NQSO
VESTING:
Earliest Exercise Date*			7/21/2007
Option Expiration Date*			7/20/2016

By signing where indicated below, Hudson City Bancorp, Inc. (the Company) grants this Option upon the specified terms and conditions, and the Recipient acknowledges receipt of this Stock Option Agreement, including Exhibit A, and agrees to observe and be bound by the terms and conditions set forth herein.

Hudson City Bancorp, Inc.				Recipient
By
		Ronald E. Hermance, Jr.		«FIRST_NAME» «LAST_NAME»
		Chairman, President and CEO

EXHIBIT A

Hudson City Bancorp, Inc. 2006 Stock Incentive Plan

Stock Option Agreement for Non-Employee Directors

General Terms and Conditions

      Section 1. Option Size and Type . The number of shares of Common Stock, par value $.01 per share (“Shares”), that have been optioned to you is specified in this Stock Option Agreement. Your Options are non-qualified stock options, or “NQSOs” and do not qualify for the special tax benefits applicable to incentive stock options under the Internal Revenue Code of 1986.

      Section 2. Exercise Price . The Exercise Price for your Option is the price per Share at which you may acquire the Shares that have been optioned to you and is specified in this Stock Option Agreement. As a general rule, the Exercise Price for your Option will not change unless there is a stock split, stock dividend, merger or other major corporate event that justifies an adjustment under section 15.3 of the Plan.

      Section 3. Vesting .

      (a)  Earliest Exercise Date . You may not exercise your Options until they are vested. The date on which your Options become vested is specified in this Stock Option Agreement as the Earliest Exercise Date. As a general rule, you must be in the service of the Company on an Earliest Exercise Date in order to be vested in the Options that vest on that date. You may acquire the Shares that have been optioned to you by exercising your Options at any time during the period beginning on the Earliest Exercise Date and continuing throughout the Exercise Period, by following exercise procedures prescribed by the Compensation Committee of the Company and available on request through the Company’s Human Resources Department.

      (b)  Accelerated Vesting . If your service terminates with the Company, Hudson City Savings Bank or an affiliate of the Company for which you serve as an non-employee director (the “Employer”) due to your death or Disability (as defined in the Plan) within six (6) months prior to the Earliest Exercise Date, the Options that are scheduled to vest on the Earliest Exercise Date will become fully and immediately vested, without any further action on your part, upon your death or Disability. In addition, in the event of Change in Control (as defined in the Plan), your Options will be fully and immediately vested on the date of the Change in Control.

      (c)  Forfeiture . If you terminate service, you forfeit all Options that have not vested and do not vest on an accelerated basis on your termination date due to the circumstances of your termination. When you forfeit Options, you relinquish any and all rights that you have to acquire the Shares underlying the options.

      (d)  Definition of Service . For purposes of determining the vesting of your Options, you will be deemed to be in the service of the Company for so long as you serve in any capacity as a common-law employee, non-employee director or consultant of your Employer.

      Section 4. Exercise Period .

      (a)  General . You will have the right to purchase all or any portion of your Option at any time during the period (“Exercise Period”) beginning on the applicable Earliest Exercise Date (or any earlier date when the Option has vested on an accelerated basis) and ending on the earliest to occur of the following dates:

     (i) the Option Expiration Date specified in this Stock Option Agreement;

     (ii) the last day of the three-month period after your (A) voluntary resignation that is not in anticipation of a Termination for Cause (as defined in the Plan) or (B) discharge that is not a Termination for Cause (as defined in the Plan);

     (iii) the first anniversary of your termination of service due to Death or Disability;

     (iv) if section 4(a)(ii) and (iii) above do not apply, the date and time of your termination of service with your Employer for any other reason; and

     (v) the last day of the ten-year period commencing on the date on which the Option was granted.

      (b)