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Enron Mail |
Pat,
Given that the new AESOP has been approved by the comp. committee, do you think the language attached below should be revised? (Or, should I ask -- has it been revised?). If so, would it be possible for you to revise for inclusion in offer letters, etc.? Thanks a lot! Michelle ------------------------------------------------------------------------------ --------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges. ----- Forwarded by Michelle Cash/HOU/ECT on 06/21/2000 09:59 AM ----- Scott Gilchrist@ENRON_DEVELOPMENT 06/20/2000 04:47 PM To: Michelle Cash@ECT cc: Subject: AESOP Language This is what we have -but it now seems dated. Do you have a more current version I could cut and paste into the Japan offer letter. Thanks ---------------------- Forwarded by Scott Gilchrist/ENRON_DEVELOPMENT on 06/20/2000 04:46 PM --------------------------- Catherine Huynh 06/20/2000 04:27 PM To: Scott Gilchrist/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Subject: AESOP Language All-Employee Stock Option Program Enron Corp. has previously awarded stock options to full time and part-time regular employees in designated domestic and international locations through the All Employee Stock Option Program (AESOP). Stock option grants were made under this program to eligible employees hired prior to January 1, 2000. The grants represented value for the time period of 12/31/94 through 12/31/00 or a pro-rata portion if hired after 12/31/94. A replacement program for beyond the year 2000 is under consideration and will likely be reviewed at the May, 2000 Board meeting. If approved, this could result in stock option award grants to eligible employees. Program awards are subject to and effective upon the approval by the Compensation and Management Development Committee of the Enron Corp. Board of Directors. Such stock awards shall be made pursuant to the appropriate Enron Corp. Stock Plan as determined by the Committee. The exercise price for grants of stock options shall be determined according to the provisions of the Stock Plan under which the award is granted. This program may or may not be offered in certain domestic and international locations based upon management discretion and/or local labor and employment laws.
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