Prudential Financial, Inc. Executive Stock Option Program Grant Acceptance Agreement

Exhibit 10.1

Prudential Financial, Inc.

Executive Stock Option Program

Grant Acceptance Agreement

You have been granted Xxx options (each an “option”) to purchase Xxx shares of Prudential Financial, Inc. Common Stock (“shares”).

Vesting Dates:

Xx options on February 8, 2006

Xx options on February 8, 2007

Xx options on February 8, 2008

Grant price: $XX.XX per share

Expiration: February 8, 2015

(the tenth anniversary of the grant date)

See the brochure entitled 2005 Long-Term Incentive Program (“Brochure”) for more information about this grant. This Grant Acceptance Agreement (“Agreement”) and the Brochure are subject to the terms, conditions and restrictions contained in the Prudential Financial, Inc. Omnibus Incentive Plan (“Plan”) document. Except as specified otherwise, this Agreement and the Brochure are 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 2005 Long-Term Incentive Program, the benefits provided by this program and all other terms and conditions of the program and any long-term grant of stock options will be determined pursuant to and are governed by the provisions of the Plan document, including decisions of the Compensation Committee provided for in the Plan document. If there is any discrepancy between the information in this grant or in the Brochure and the Plan Document, or if there is a conflict between information discussed by anyone acting on behalf of Prudential Financial, Inc. (“Prudential”) and the actual Plan document, the Plan document, as interpreted by the Compensation Committee or its delegate, in its sole discretion, will always govern.

Nothing contained in this Agreement or the Brochure is intended to constitute or create a contract of employment nor shall it constitute or create the right to remain associated with or in the employ of Prudential for any particular period of time. Employment with Prudential is employment at will, which means that either you or Prudential may terminate the employment relationship at any time, with or without cause or notice.

These stock options are neither transferable nor assignable.

Cash Exercise – lets you receive stock, after paying the grant price, applicable taxes and fees, in cash.

Same Day Sale – lets you receive cash, after paying the grant price, applicable taxes and fees, without paying cash out of your pocket.

Sell to Cover – lets you exercise your options and receive stock after paying the grant price, applicable taxes and fees, without paying cash out of your pocket.

One or more of these Exercise Methods may not be available to you should Prudential determine that its availability will or could violate the terms of any relevant law or regulation.

Prudential/your employer shall have the right to deduct and report taxes (federal, state, local or social insurance taxes) or other obligations required to be withheld by law on options from any stock or cash payments or distributions made to you. Prudential/your employer may defer issuance of shares upon the exercise of any options until such withholding is satisfied. You will be fully responsible for satisfying your tax responsibility, if any.

You will have until February 8, 2015 (the tenth anniversary of the grant date) to exercise your options, unless your employment ends during the option term. See the Brochure for more information on the Plan terms regarding the effect termination of employment will have on your options.

Prudential makes no representation as to the value of these options or whether you will be able to realize any profit based on any award of options to you.