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Greg came back to me with the following numbers. Let me know your thoughts
on accept/reject/counter. I am out of the office on Friday and Monday. ---------------------- Forwarded by Tim Belden/HOU/ECT on 10/05/2000 04:57 PM --------------------------- Greg Wolfe 10/05/2000 03:50 PM To: Tim Belden/HOU/ECT@ECT cc: Subject: Numbers Tim: Summarizing our discussion: Current Proposed Counter-proposal Base: $186k $170k $210k ($130 base, $26 COLA, $30 retention) Equity Plan: Participation Participation Participation 1/01 No guaranteed levels $150k 1/01 50% equity/50% options $150k 1/01 50% equity/50% options 1/02 No guaranteed levels $100k 1/02 50% equity/50% options $150k 1/02 50% equity/50% options Bonus: Determined annually Determined annually Determined annually Options at Contract Execution: No discussion 10,000 options Deferral Plan Particiaption: Participant No Discussion Guaranteed Continued Participation
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