Document:

Form of Stock Award Agreement for Employees

 EXHIBIT 10.3 
  
 FORM OF STOCK AWARD 
 AGREEMENT FOR EMPLOYEES UNDER THE 
 XTO ENERGY INC. 
 2004 STOCK INCENTIVE PLAN 
  
 THIS AGREEMENT is entered into this              day of
                    , 200  , between XTO Energy Inc., a Delaware corporation (the “Company”), and
                     (“Grantee”), pursuant to the provisions of the XTO Energy Inc. 2004 Stock Incentive Plan (the
“Plan”). The Compensation Committee of the Board of Directors of the Company (the “Committee”) has determined that Grantee is eligible to be a participant in the Plan and, to carry out its purposes, has this day authorized the
grant, pursuant to the Plan, of the stock award set forth below to Grantee. 
  
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties do hereby agree as follows: 
  
 1. Grant of Stock Award. Subject to all of the terms, conditions and provisions of the Plan and of this Agreement, the Company hereby grants to
Grantee under Section 10 of the Plan              shares of the common stock of the Company, par value one cent ($0.01) per share (the “Common Stock”), which shares will
consist of authorized but unissued shares or issued shares reacquired by the Company. Such shares are being issued as a stock award in the form of performance shares under the Plan. 
  
 2. Vesting.              percent of the
performance shares granted herein will vest when the Common Stock closes on the New York Stock Exchange at or above each of the following levels: $            ,
$             and $             per share. If the Common Stock is not 
  

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 listed on the New York Stock Exchange, then any reference in this Agreement to the New York Stock Exchange will be deemed
to be the principal securities market on which the Common Stock is traded or quoted. 
  
 3. Grantee’s Agreement. Grantee expressly and specifically agrees that: 
  

	 	(a)	With respect to the calendar year in which any of the performance shares vest, Grantee will include in his or her gross income for federal, state and local income tax purposes the
fair market value of the performance shares that vested. 

  

	 	(b)	The grant of performance shares is special incentive compensation that will not be taken into account as “wages” or “salary” in determining the amount of payment
or benefit to Grantee under any other compensation or insurance plan of the Company. 

  

	 	(c)	The Company may hold the certificate for unvested performance shares until the performance shares vest or the performance shares may be uncertificated shares issued in the name of
the Grantee and held in a restricted account by the Company’s transfer agent. 

  

	 	(d)	Grantee may pay to the Company any federal, state or local tax withholding owed as a result of the performance shares vesting with shares of Common Stock owned by Grantee on the
date of vesting or with the shares of unrestricted Common Stock acquired upon vesting (the shares of Common Stock being valued at fair market value on the date of vesting). 

  

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 4. Term. Any performance shares which remain unvested on the seventh anniversary of the date of
this Agreement will be canceled, will not vest, and will be returned to the Company. 
  
 5. Death or Disability. Upon death of Grantee, or upon termination of Grantee’s employment by reason of permanent disability (as determined by the Committee), all unvested performance shares granted herein
will immediately vest. 
  
 6. Other Terms, Conditions and
Provisions. As noted above, the performance shares herein granted by the Company to Grantee are granted subject to all of the terms, conditions and provisions of the Plan. Grantee hereby acknowledges receipt of a copy of the Plan and Plan
prospectus and hereby consents to receive any updates to the Plan or Plan prospectus electronically. The parties agree that the entire text of the Plan is incorporated by reference as if copied herein. Reference is made to the Plan for a full
description of the rights of Grantee and all of the other terms, conditions and provisions of the Plan applicable to the performance shares granted herein. If any of the provisions of this Agreement vary from or are in conflict with the Plan, the
provisions of the Plan will be controlling. 
  
 7.
Non-Transferability. The performance shares granted hereunder are not transferable or assignable by Grantee. 
  
 8. Rights as a Stockholder. Grantee will have the voting, dividend, and other rights of stockholders of the Company prior to and upon vesting of
the performance shares. If the performance shares are canceled, all such rights will then be canceled. 
  

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 9. No Employment Commitment. Grantee acknowledges that neither the grant of performance shares nor
the execution of this Agreement by the Company will be interpreted or construed as imposing upon the Company any obligation to retain Grantee’s services for any stated period of time, which employment will continue to be at the pleasure of the
Company at such compensation as it determines, unless otherwise provided in a written employment agreement signed by the Company and Grantee. 
  
 IN WITNESS WHEREOF, this Agreement is executed and entered into effective on the day and year first above expressed. 
  

			
	 XTO ENERGY INC.

		
	 By:
	 	  

	 Name:
	 	Bob R. Simpson
	 Title:
	 	Chairman of the Board and
	 	 	Chief Executive Officer
	
	 GRANTEE

	
	  

  

 4Form of Nonqualified Stock Option Agreement for Non-Employee Directors

 EXHIBIT 10.4 
  
 FORM OF NONQUALIFIED STOCK OPTION 
 AGREEMENT FOR NON-EMPLOYEE DIRECTORS UNDER THE 
 XTO ENERGY INC. 
 2004 STOCK INCENTIVE PLAN 
  
 THIS AGREEMENT is entered into this              day of
                    , 200_, between XTO Energy Inc., a Delaware corporation (the “Company”), and
                     , a non-employee Director of the Company (“Grantee”), pursuant to the provisions of the XTO Energy Inc. 2004
Stock Incentive Plan (the “Plan”). The Corporate Governance and Nominating Committee (the “Committee”) of the Board of Directors of the Company has determined that Grantee is eligible to be a participant in the Plan and, to carry
out its purposes, has this day authorized the grant, pursuant to the Plan, of the nonqualified stock option set forth below to Grantee. 
  
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties do hereby agree as follows: 
  
 1. Grant of Nonqualified Stock Option. Subject to all of the terms,
conditions, and provisions of the Plan and of this Agreement, the Company hereby grants to Grantee under Section 7 of the Plan a nonqualified stock option pursuant to which Grantee will have the right and option under the Plan to purchase from the
Company all or any part of an aggregate of              shares of the common stock of the Company, par value one cent ($0.01) per share (the “Common Stock”), which shares
will consist of authorized but unissued shares or issued shares reacquired by the Company. This option is not intended to be an Incentive Stock Option, as defined in the Plan. 

 2. Exercise Price. The exercise price payable by Grantee to the Company in exercise of this option
will be $              per share, being the fair market value of the Common Stock on this date (the “Grant Date”) as determined pursuant to Section 2(n) of the Plan. Upon
exercise of this option, Grantee must pay to the Company the exercise price for the shares of Common Stock issuable pursuant to the exercise with cash, by personal check or by payment through a Company approved broker-assisted cashless exercise
arrangement. Except as otherwise prohibited by the Committee, Grantee may also pay to the Company all or a portion of the exercise price with Common Stock owned by Grantee on the date of exercise (the Common Stock being valued at fair market value
on the date of exercise). The right to pay the exercise price with Common Stock is subject to Grantee providing satisfactory evidence, in the opinion of the Company, that Grantee directly owns or owns through a brokerage account on the date of
exercise shares of Common Stock sufficient to pay the exercise price, and that the Grantee has owned such shares for six months or more. 
  
 3. Exercise Period. This option may be exercised only upon the following terms and conditions: 
  

	 	(a)	Subject to acceleration pursuant to the terms of the Plan, one-third of the option will become exercisable on each of the first, second and third anniversaries of the Grant Date.
Alternatively, ____% of the total number of shares subject to the option granted will become exercisable when the Common Stock closes on the New York Stock Exchange at or above each of the following levels: $_____, $_____, and $_____ per share. If
the 

  

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 Common Stock is not listed on the New York Stock Exchange, then any reference in this Agreement to the
New York Stock Exchange will be deemed to be the principal securities market on which the Common Stock is traded or quoted. 
  

	 	(b)	The right to exercise the option will be cumulative. Unless the Company agrees otherwise, the option must be exercised in multiples of 10% of the option then exercisable.

  

	 	(c)	Any portion of the option that remains unexercised on the seventh anniversary of the Grant Date will expire. In addition, the option may expire earlier pursuant to the provisions of
Section 18(d) of the Plan. 

  

	 	(d)	The option may be exercised only if the shares of Common Stock to be issued upon the exercise are duly registered under the Securities Act of 1933 and applicable state securities
laws, or unless the issuance is exempt from such registrations. 

  
 4. Grantee’s Agreement. Grantee expressly and specifically agrees that with respect to the calendar year in which all or any portion of the option is exercised, Grantee will include in his or her gross
income for federal, state and local income tax purposes the amount, if any, by which the fair market value of the Common Stock on the date of exercise, as determined pursuant to the Plan, exceeds the exercise price times the number of shares
acquired pursuant to such exercise. 
  
 5. Other Terms,
Conditions, and Provisions. As noted above, the option granted herein by the Company to Grantee is granted subject to all of the terms, 
  

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 conditions and provisions of the Plan. Grantee hereby acknowledges receipt of a copy of the Plan and Plan prospectus and
hereby consents to receive any updates to the Plan or Plan prospectus electronically. The parties agree that the entire text of the Plan is incorporated by reference as if copied herein. Reference is made to the Plan for a full description of the
rights of Grantee, the adjustments to be made to the option in the event of changes in the capital structure or control of the Company, and all of the other terms, conditions and provisions of the Plan applicable to the option granted herein. If any
of the provisions of this Agreement vary from or are in conflict with the Plan, the provisions of the Plan will be controlling. 
  
 6. Non-Transferability. Unless the Committee provides otherwise pursuant to Section 17(b) of the Plan, the option granted hereunder is not
transferable or assignable by Grantee except by will or the laws of descent and distribution. 
  
 IN WITNESS WHEREOF, this Agreement is executed and entered into effective on the day and year first above expressed. 
  

			
	 XTO ENERGY INC.

		
	 By:
	 	  

	 Name:
	 	 Bob R. Simpson

	 Title:
	 	 Chairman of the Board and

	 	 	 Chief Executive Officer

	
	 GRANTEE

	
	  

  

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