Re: Rabi DE

Toni,

We shall be meeting Rabi for lunch to discuss the offer and the details of his
job with him. Let's wait for the outcome of this discussion.

Vince

Enron North America Corp.

From: Toni Graham @ ENRON 09/18/2000 07:43 PM

To: Grant Masson/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Rabi DE

FYI, I do not send out a written offer package until the verbal offer issues
are resolved and a final offer is made. So, I'd like to put the details
below in writing and send out to him for Tuesday delivery. I'm playing
phone tag with him regarding the other details and will follow up with him
again in the morning.

Thanks
Toni

From: Grant Masson @ ECT 09/15/2000 11:24 AM

To: Toni Graham/Corp/Enron@Enron
cc: Norma Villarreal/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT

Subject: Rabi DE

Toni:

We talked to Rabi. He's sitting on the fence for some good reasons, and he
has to weigh what is fairly comfy job situation for one that starts out at a
lower level but has more potential. WRT the GREEN, Vince verbally offered
salary of $105k plus a guarantee that his bonus at year end would be a
minimum of $15k cash. That's in addition to the $15k sign on bonus. Vince
said that we would not bother working up a revised offer letter unless and
until Rabi came back with a verbal ok. He will ponder the offer; probably
for a few more days and get back with us. He may well call you to discuss
the exact details of the benefits. ESOP, 401(k) contributions, etc.

Regards,
Grant.