exh10-3_022811.htm






EXHIBIT 10.3


Alvarado Square


Albuquerque, NM  87158-2850


P 505.241.2700


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 505.241.2700


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 _________.