SPECIAL PERFORMANCE-BASED RETENTION AWARD AGREEMENT PNM RESOURCES, INC. SECOND AMENDED AND RESTATEDSpecial Performance-Based Retention Award Agreement • May 4th, 2012 • PNM Resources Inc • Electric services • New Mexico
PNM Resources, Inc., a New Mexico corporation, (“PNMR” or the “Company”) hereby grants to Patricia K. Vincent-Collawn, (the “Participant”) a Participant in the PNM Resources, Inc. Second Amended and Restated Omnibus Performance Equity Plan, as it may be amended (the “Plan”), the opportunity to earn a Performance Share Award (the “Award”). Pursuant to the Company's Equity Compensation Awards Policy, the grant is made effective as of March 5, 2012, which is the first trading day after expiration of the black-out period that was in effect on February 28, 2012, the day on which the Board of Directors approved the Award.
