SEC Contract Filing

Filing Date: 2022-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.53
<SEQUENCE>2
<FILENAME>pnmr12312021ex1053.htm
<DESCRIPTION>EX-10.53
<TEXT>
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<title>Document</title></head><body><div id="ie5105923cb6e41f19c2ca26401aaac96_1"></div><div style="min-height:72pt;width:100%"><div style="margin-bottom:12pt;padding-left:36pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Exhibit 10.53</font></div></div><div style="margin-top:210pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:0.18pt;padding-right:0.18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;text-align:center;text-indent:0.36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:100%">PNM Resources, Inc.</font></div><div style="margin-bottom:24pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:100%">Non-Union Severance Pay Plan</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">(Effective December 1, 2021)</font></div><div style="margin-bottom:12pt;padding-left:18pt;padding-right:18pt;text-align:center"><font><br></font></div><div style="height:57.6pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:83%">&#160;&#160;&#160;&#160;</font></div></div></div><div id="ie5105923cb6e41f19c2ca26401aaac96_4"></div><hr style="page-break-after:always"><div style="min-height:102.24pt;width:100%"><div style="margin-bottom:24pt;padding-left:18pt;padding-right:18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">TABLE OF CONTENTS</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">Page</font></div></div><div style="margin-bottom:6pt;padding-left:18pt;padding-right:18pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.12pt;padding-left:18.18pt;padding-right:18.18pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:77.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.747%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">ARTICLE I</font></td><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">PURPOSE</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1</font></td></tr><tr><td colspan="3" style="padding:2px 19pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1.1</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;fon