Exhibit 10.11
1. Exercise Methods
Grant Acceptance Agreement
Prudential Financial, Inc.
Executive Stock Option Program
Grant Acceptance Agreement
(for executives subject to the reporting requirements under Section 16(a) of the U.S.
Securities Exchange Act of 1934)
(Insert Name of Employee)
(Equity Edge Account ID#)
February 10, 2004
You have been granted Xxx options (each an “option”) to purchase Xxx shares of
Prudential Financial, Inc. Common Stock (“shares”).
Vesting:
Xx options on February 10, 2005
Xx options on February 10, 2006
Xx options on February 10, 2007
Grant price: $XX.XX per share
Expiration: February 10, 2014
(the tenth anniversary of the grant date)
See the brochure entitled 2004 Long-Term Incentive Program—Performance Shares and
Stock Options (“brochure”) for more information about this grant. This Agreement and the
brochure are subject to the terms, conditions and restrictions contained in the Prudential
Financial, Inc. Stock Option Plan (“Plan”) document. This is not a substitute for the official
Plan document, which governs the operation of the Plan. Also, this is not a stock
certificate or negotiable instrument.
Your eligibility for the 2004 Long-Term Incentive Program (“Program”), the benefits
provided by this Program and all other terms and conditions of the Program and any grant
of stock options will be determined pursuant to and are governed by the provisions of the
Plan document. If there is any discrepancy between the information in this grant or in the
brochure or if there is a conflict between information discussed by Prudential Financial,
Inc. (“Prudential”) associates and the actual Plan document, the Plan document, as
interpreted by the Plan administrator in its sole discretion, will always govern.
Nothing contained in this grant or the brochure is intended to constitute or create a
contract of employment nor shall it constitute or create the right to remain associated