Message-ID: <3855691.1075860480596.JavaMail.evans@thyme> Date: Mon, 24 Jan 2000 09:10:00 -0800 (PST) From: michelle.cash@enron.com To: knotestine@littler.com Subject: Over $50 -- You made it happen! Cc: kriste.sullivan@enron.com, sharon.butcher@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable Bcc: kriste.sullivan@enron.com, sharon.butcher@enron.com X-From: Michelle Cash X-To: knotestine@littler.com X-cc: Kriste Sullivan, Sharon Butcher X-bcc: X-Folder: \Michelle_Cash_Dec2000\Notes Folders\All documents X-Origin: Cash-M X-FileName: mcash.nsf Kerry, Based upon your review of the attached, is there any way that one of our=20 subsidiaries could decline to include bargaining unit personnel in receipt = of=20 this benefit? Let me know asap. Thanks a lot! Michelle ---------------------- Forwarded by Michelle Cash/HOU/ECT on 01/24/2000 05:= 08=20 PM --------------------------- =20 =09Enron North America Corp. =09 =09From: Office of the Chairman @ ENRON 01/24/20= 00=20 10:06 AM =09 To: All Enron-Worldwide cc: =20 Subject: Over $50 -- You made it happen! On Wall Street, people are talking about Enron. At Enron, we're talking=20 about people...our people. You are the driving force behind every success= =20 that our company has experienced, including our high-performing stock price= ,=20 which surpassed the $50 mark only a few days ago. You made it happen! To show our appreciation for your hard work and commitment to Enron=01,s=20 continued success, eligible regular full-time and regular part-time employe= es=20 who were on the payroll of a wholly-owned Enron company at Dec. 31, 1999 wi= ll=20 receive 50 Enron stock options. A special stock option award certificate a= nd=20 a copy of the stock plan will be sent to you in the next few weeks. About the stock options grant: ? The grant was effective Jan. 18, 2000, therefore, the option grant price = is=20 $55.50. ? Options will have a seven-year term, which means you must exercise these= =20 options before seven years have passed. ? Options will vest 25 percent on Feb. 28, 2000 and 25 percent each=20 subsequent January 18th thereafter until fully vested, as long as you are a= n=20 employee of Enron. This means you may exercise 25 percent of these options= =20 as early as Feb. 28. ? This grant is made in accordance with the terms and provisions of the Enr= on=20 Corp. Stock Plans and the award documents, which you will receive in the=20 coming weeks.=20 Due to varying international restrictions and legalities, Enron employees i= n=20 certain international locations will receive some other form of recognition= . =20 Your local management and human resources representative will communicate= =20 further details. Visit home.enron.com for additional information. There you can access a li= st=20 of frequently asked questions regarding stock options. And you can view a= =20 special message from Ken Lay. To access the special message, you must have= =20 IP-TV and a sound card. If you are not able to view Ken=01,s message, a=20 transcript is available. If you encounter any technical difficulties, plea= se=20 contact your PC Help Desk. Again, thank you for all you do to make Enron a successful global energy an= d=20 broadband services company and a great place to work.=20 =20