Re: Confidential Draft

fyi
---------------------- Forwarded by Michelle Cash/HOU/ECT on 04/10/2000 01:46
PM ---------------------------

Tara Rozen
04/10/2000 12:09 PM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Re: Confidential Draft - David Pope

Thanks. Nigel has now spoken with David and Nigel has gone to Danny with the
result. We shall see how he responds!!

Thanks
Tara

Michelle Cash
10/04/2000 18:00
To: Tara Rozen/LON/ECT@ECT
cc: Nigel Sellens/LON/ECT@ECT, David Oxley/HOU/ECT@ECT, Mary
Joyce/HR/Corp/Enron@Enron

Subject: Re: Confidential Draft - David Pope

Tara,

You are right -- those changes were not included. For Vice President level
employees, corporate comp.does not promote guaranteed performance bonuses.

The request that he be able to "get out" of his employment contract if he is
not promoted also is not something that we can do; otherwise, it will
undermine the enforceability of our non-competes across the board.

I spoke with David Oxley on both of those points, and he concurred that
these changes could not be made.

Michelle

Tara Rozen
04/05/2000 12:23 PM
To: Twanda Sweet/HOU/ECT@ECT
cc: Nigel Sellens/LON/ECT@ECT, Michelle Cash/HOU/ECT@ECT
Subject: Re: Confidential Draft - David Pope

Thanks for this, Twanda

I have two comments;

1)I cannot find the exception clause which indicates that David Pope can
resign if he doesn't make MD as described in previous email. Am I missing
this or can we not put this in?

2)Danny McCarty wanted guaranteed bonus for 2000 rather than performance
target bonus as per email. Is this possible?

Thanks
Tara