RE: Waiver of US Benefits

The dual payroll arrangement would imply dual benefits, which is not the intent. We haven't included them in the US ERISA plans. Since the UK benefits are a better deal, we need to document that they have waived the right to the US benefits. Depending on how the conversation goes, you could use the discrimination rules as well.

Tim
-----Original Message-----
From: Oxley, David
Sent: Monday, October 22, 2001 12:48 PM
To: Callahan, Timothy
Cc: Cash, Michelle; Fox, Madeline
Subject: RE: Waiver of US Benefits

So my line to Louise and Mark is?

-----Original Message-----
From: Callahan, Timothy
Sent: Monday, October 22, 2001 12:04 PM
To: Oxley, David
Cc: Cash, Michelle; Fox, Madeline
Subject: RE: Waiver of US Benefits

I'll get duplicate copies to you for signature. The reason for doing this is more the former than the latter mentioned below. However, there is a concern that other UK nationals remaining on the UK payroll could try to use the US non-discrimination rules to obtain US benefits, if you were provided both. Their success in such a challenge is questionable.

Tim
-----Original Message-----
From: Oxley, David
Sent: Monday, October 22, 2001 11:27 AM
To: Callahan, Timothy
Cc: Cash, Michelle; Fox, Madeline
Subject: RE: Waiver of US Benefits

OK. Much better. Explain to me again why we have to do this? Is it purely to confirm we don't get stuff twice or is there a concern that our participation in both causes a sub-space paradox which may create a time vacuum into which the entire world population may be sucked?

David

-----Original Message-----
From: Callahan, Timothy
Sent: Monday, October 22, 2001 10:22 AM
To: Oxley, David
Subject: Waiver of US Benefits

David,

Let me know if this latest version is acceptable and I'll prepare a waiver for Louise and Mark, as well.

Regards,

Timothy J. Callahan
Director, Global Employee Services
Enron Corp
333 Clay Street, Suite 2025
Houston, Texas 77002
Telephone: 713.646.9565
Fax: 713.646.9501