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Enron Mail |
Mary, yes, it merely is a form issue. Sharon and Kriste have consolidated
those paragraphs in their form. I will follow suit in mine to minimize confusion and to keep the "one template" concept intact. Michelle Mary McKendree@ENRON 09/21/2000 10:14 AM To: Michelle Cash/HOU/ECT@ECT cc: Mary Joyce/HR/Corp/Enron@ENRON, Pam Butler/HR/Corp/Enron@ENRON Subject: Clarification on Contract Language Michelle -- As I am validating these contracts, I am seeing inconsistent language. Can you help me here? It has to do with a severance payout after involuntary term. In some cases it may be saying the same thing, but is showing up in different paragraphs. I'd prefer to have all the templates alike, if that's not a legal issue. For VP & Above: 2.1b gives him one year's annual base and bonus 2.3 offsets the severance with the agreement payments (i.e. Ozzie Pagan/ENA) OR 1.3 states "Employee is not eligible for severance . . ." 2.1b gives him one year's annual base and bonus (i.e. Franklin Bay/EBS) OR 1.3 offsets the severance with agreement payments 2.1b gives him one year's annual base and bonus (i.e. Mohan Gurunath/India -- contract dated July 27, 2000 -- but just received, so may be old language) Under VP: 2.1b indicates payment continues under full term of contract 2.3 offsets the severance with the above (i.eJohn Guerriero//Canada) OR 1.3 states "Employee is not eligible for severance under the Enron Corp . . . . " 2.1b provides payments continue for the full term of contract (2.3 Offset paragraph doesn't exist) (a slew of EBS contracts just received) It looks like there's two different templates floating around that are being used at random. They may be saying similar things, but the calculations could be entirely different. Can you let me know which ones are the correct combinations to be using? And, is there any way we can get all the templates to reflect it? Thanks so much for your help. And let me know if the above is about as clear as mud. Just give me a call and we can talk about it. Mary
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