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Enron Mail |
FYI only
----- Forwarded by Sara Shackleton/HOU/ECT on 12/20/2000 02:30 PM ----- Sara Shackleton 12/20/2000 02:25 PM To: christine.lee@ubsw.com cc: Subject: 2 paragraphs Trigger/Determined Amount inverse relationship: "In the event the Trigger Price is increased to equal the Other Trigger Price, the Determined Amount shall be reduced so that the Effective Share Price is increased in direct proportion to the increase in the Trigger Price. The "Effective Share Price" shall be the result obtained by dividing X by Y where "X" equals the product of the Price Per Share multiplied by the Number of Shares, and "Y" equals the Number of Shares plus the Determined Amount." Paragraph 3(a) first paragraph, 3rd sentence replacement: "In the event that, but for this Section 3, titled "Other Provisions," Party B would be obligated to deliver a number of Shares equal to the Determined Amount plus the Excess Shares, Party B shall have an ongoing obligation to satisfy delivery of the Excess Shares; provided however that the number of Excess Shares to be delivered hereby shall not exceed [________] shares. Party B may, at its sole option, satisfy delivery of the Excess Shares by using its best efforts to increase its Authorized Shares or by delivery of a cash payment equal to the [product obtained by multiplying the Excess Shares by the Final Price]."
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