Enron Mail

From: twanda.sweet@enron.com To: fmackin@aol.com Subject: Grant Language Cc: Bcc: Date: Tue, 13 Jun 2000 07:24:00 -0700 (PDT) Mr. Mackin, Michelle Cash has asked me to forward the language below to you for your comments. Please review and email Michelle your comments to this paragraph. Thanks Twanda Subject to the above, at a Committee meeting after this Agreement is signed, Employee shall receive a second grant of Enron Corp. Common Stock options with a value of $175,000.00 (the number of stock options shall be determined by the Committee, which will use the Enron-approved Black-Scholes valuation). The second grant is intended to reimburse Employee for value Employee lost upon leaving his prior job. The vesting schedule for these options will be described in the grant agreement, which shall govern.