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Enron Mail |
John:
Bases on the conversations I have over heard I understand there are discuss= ions being held regarding the Enron Corp 1994 Deferral Plan and the value o= f the ENE stock held in those accounts related to a single sum distribution= . As you and I discussed previously I do not fault anyone for wanting to t= ake their Deferred Values out subject to the 10% penalty. After having str= uggled with the issue I do find a problem with the various interpretations = of how the ENE stock should be valued. Any method other than the number o= f shares times the current market value is not fair to the thousands of Enr= on employee's who had ENE shares in there 401K account and were not afforde= d a look back option. Some might say this is easy for me since I did not h= ave ENE stock in either, but I do feel its a matter of treating everyone fa= irly. Most employee's do not have access or knowledge of the Deferral Plan= so it would probably go unnoticed, but that would not be equitable. The s= olution in my mind, if the plan participants do not agree would be to deny = an early single sum distribution which is a right, per my interpretation un= der the plan, this may encourage acceptance of the plans interpretation of = the ENE stock valuation. I appreciate your reading my input!
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