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Enron Mail |
For your information -- Here is some severance language I received from Lit=
tler. Michelle -----Original Message----- From: =09"Notestine, Kerry" <KNotestine@littler.com<@ENRON =20 Sent:=09Thursday, November 08, 2001 4:33 PM To:=09Cash, Michelle Subject:=09Language for WARN Set off Michelle:=20 In response to my firm-wide email regarding set off for WARN notice: I rece= ived a plan that included the following language: The severance benefits provided under this Plan (including any additional b= enefits provided pursuant to authority reserved in [company] under the prov= isions of this Plan) are the maximum benefits that [company] will pay. To = the extent that any federal, state or local law, including, without limitat= ion, the Worker Adjustment and Retraining Notification Act (WARN) and any o= ther so-called "plant closing" laws, requires [company] to give advance not= ice or make a payment of any kind to an Eligible Employee because of that E= mployee's involuntary termination due to a layoff, reduction in force, plan= t or facility closing, sale of business, change of control, or any other si= milar event or reason, the benefits provided under this Plan shall be reduc= ed by the amount of such payment. Notwithstanding any other provision of th= e Plan to the contrary, an Employee's Severance Benefits shall not be less = than the amount required by WARN, and in the case of an Enhanced Severance = Benefit, shall not be less than the amount required by WARN plus an additio= nal amount to be determined by the Employer.=20 Hope this is helpful. Let me know if there is any big news at Enron. Thin= gs appear to be moving fast.=20 Kerry E Notestine=20 Littler Mendelson, PC=20 1900 Chevron Tower=20 1301 McKinney Street=20 Houston, Texas 77010=20 713.652.4748=20 713.951.9212 (fax)=20 knotestine@littler.com=20 www.littler.com
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