Acknowledgment Form

EX-10.3 4 exh10-3_022811.htm EXHIBIT 10.3 exh10-3_022811.htm

EXHIBIT 10.3
Alvarado Square
Albuquerque, NM  87158-2850
P ###-###-####
PNMResources.com
PNM RESOURCES



Acknowledgment Form


[Date]

[Director Name and Address]



Dear [Director]:

Pursuant to the terms and conditions of the company’s PEP-PLAN (the ‘Plan’), you have been granted a Restricted Stock Award for ____ shares of stock as outlined below.

Employee ID:
_______________
 
Granted To:
_______________
 
 
Grant ID:
_______________
 
 
Grant Date:
_______________
 
 
Granted:
_______________
 
 
Grant Price:
$0.0000
 
     
     
Vesting Schedule:
   33+% per year for 3 years
 
   ____ on [one year anniversary of grant date]
   ____ on [two year anniversary of grant date]
   ____ on [three year anniversary of grant date]



By my signature below, I hereby acknowledge receipt of this Grant on the date shown above, which has been issued to me under the terms and conditions of the Plan.  I further acknowledge receipt of the copy of the Plan and agree to conform to all of the terms and conditions of the Grant and the Plan.



Signature: ________________________________________                                                                                                                     Date:_________________
[Director]


NOTE:  If there are any discrepancies in the name or address show above,
please make the appropriate corrections on this form.

Please return this form to Corporate Governance at MS 2850 by __________.


 
 

 




Alvarado Square
Albuquerque, NM  87158-2850
P ###-###-####
PNMResources.com
PNM RESOURCES





Acknowledgment Form


[Date]

[Director Name and Address]



Dear [Director]:

Pursuant to the terms and conditions of the company’s PEP-PLAN (the ‘Plan’), you have been granted a Non-Qualified Stock Option to purchase _____ shares of stock as outlined below.

Employee ID:
_______________
 
Granted To:
_______________
 
 
Grant ID:
_______________
 
 
Grant Date:
_______________
 
 
Granted:
   _______________
 
 
Grant Price:
$______________
Total Cost to Exercise:  $____________
 
Expiration Date:
_______________
 
 
     
Vesting Schedule:
   33+% per year for 3 years
 
   ____ on [one year anniversary of grant date]
   ____ on [two year anniversary of grant date]
   ____ on [three year anniversary of grant date]


By my signature below, I hereby acknowledge receipt of this Grant on the date shown above, which has been issued to me under the terms and conditions of the Plan.  I further acknowledge receipt of the copy of the Plan and agree to conform to all of the terms and conditions of the Grant and the Plan.


Signature: ________________________________________                                                                                                                     Date:_________________
[Director]


NOTE:  If there are any discrepancies in the name or address show above,
please make the appropriate corrections on this form.

Please return this form to Corporate Governance at MS 2850 by _________.