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Enron Mail |
I've scheduled a meeting with Guy on March 30
Susan Bailey 03/10/2000 08:59 AM To: Guy Dayvault/Corp/Enron@ENRON cc: Sara Shackleton/HOU/ECT@ECT Subject: Re: Enron Global Exploration & Production Inc. ("EGEP") Guy, FYI -- the ISDA Master Agreement utilized by Enron for its financially-settled swap & option transactions is the industry standard. However, for your comfort in understanding how it works I suggest that you call Sara Shackleton in our group. Sara is very well versed with the ISDA, and can give you a great overview. Sara's extension is x35620. As for your matter concerning a contract employee -- I concur with you and do not believe you are being overly cautious. I have worked with Howard during my tenure with EOG, and will therefore revise page 2 of the Schedule to Master Agreement to reflect Howard Selzer's name and title. You will receive replacement page 2 today by messenger. Please do me a favor -- switch out the replacement page 2 with the existing page 2, so the agreement will be ready to go for execution. Give my best to Howard and thanks again. Susan Guy Dayvault@ENRON 03/09/2000 05:20 PM To: Susan Bailey/HOU/ECT@ECT cc: Howard Selzer/Corp/Enron@Enron, William Watts/Corp/Enron@ENRON Subject: Re: Enron Global Exploration & Production Inc. ("EGEP") Susan Good point. However, our new VP & CFO is a contractor and thus not truly an officer of the company. We have to be careful of this, so I would suggest that the title of the officer you place in the ISDA be our Chief Accounting Officer, since that individual (Howard Selzer) has the signature authority normally delegated to the VP CFO and he is the most senior employee in our department. This may be being overly cautious here, but it is important that contractors not be treated as employees, especially with regard to officers of the company. Thanks for the reminder on getting the ISDA returned. Unfortunately there is no one I have located yet in our business unit who can explain the document or has seen one before which means I'm planning on spending at least several hours reading and understanding the issues & implications. Perhaps you could help me. Can you direct me to someone that routinely works with these documents that could walk me through the pages? I think 30 minutes spent outlining the agreement & it's nuances would be useful. If you have no ideas, just bear with me and I'll get to it. best regards Guy Susan Bailey@ECT 03/09/2000 03:46 PM To: Guy Dayvault/Corp/Enron@Enron cc: Subject: Enron Global Exploration & Production Inc. ("EGEP") Guy, It is my understanding that your VP & CFO will be joining Enron Corp.'s Investor Relations group. In light of such development, I suggest that page 2 of the ISDA Master Agreement dated August 24, 1999, between Risk Management & Trading Corp. (which you have yet to return in executed form)be revised to reference the title of the officer rather than the officer's name. If such change is OK, I will forward the new page 2 for replacement to the EXECUTION COPIES in your possess. As before, all of us are busy, but it would be most appreciated if you or someone in your group could see to the execution of this agreement. Thank you. Susan
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