Re: Contracts

I certainly agree with the concept. It sounds like it gives us more
flexibility.

Mary Joyce@ENRON
08/07/2000 08:30 AM
To: Drew C Lynch/HOU/ECT@ECT
cc: Nigel Sellens/LON/ECT@ECT, Michelle Cash/HOU/ECT@ECT, Pam
Butler/HR/Corp/Enron@ENRON
Subject: Re: Contracts

I think this sounds like a great suggestion. Pam and Michelle, comments?

Thanks!

Mary

Drew C Lynch@ECT
08/07/2000 06:19 AM
Sent by: Drew C Lynch@ECT
To: Mary Joyce/HR/Corp/Enron@Enron
cc: Nigel Sellens/LON/ECT@ECT
Subject: Contracts

Mary,

Hope things are going well with you and yours! Nigel and I were discussing
some contract language today and wanted some input from you on how we might
word future grants of options or stock. Should we be wording Director Level
and below agreements with a more generic "equity" component instead of
specifying options or restricted stock? My question revolves around our
tendency from time to time to change the structure of how we deliver value as
a company. Your thoughts? What are others doing?

DCL