Message-ID: <22417277.1075863720861.JavaMail.evans@thyme> Date: Sat, 17 Jun 2000 02:19:00 -0700 (PDT) From: michelle.cash@enron.com To: kelly.higgason@enron.com Subject: Re: AESOP 2000 - Country Summaries Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Michelle Cash X-To: Kelly Noel Higgason X-cc: X-bcc: X-Folder: \Michelle_Cash_Dec2000\Notes Folders\All documents X-Origin: Cash-M X-FileName: mcash.nsf Kelly, I am handling Mexico and Canada. Thanks. Michelle Kelly Noel Higgason@ENRON 06/07/2000 02:21 PM To: Michelle Cash/HOU/ECT@ECT cc: Jana Domke/Corp/Enron@Enron Subject: AESOP 2000 - Country Summaries Michelle: I got the answer to the voicemail message I left for you about which lawyer would be the contact for the Enron Europe countries for the new Enron employee stock option plan. Jon Chapman will be responsible for Norway, Poland, Spain, Sweden and Turkey (and any other Enron Europe countries that are added between now and December). I assume you are the appropriate lawyer for Mexico. (If not, please forward this message to the right lawyer, and cc me so that I know who it is!) Please read the message below for an explanation of the first action item (due June 23rd). The Mexico spreadsheet is contained in the file marked "CALME AESOP" at the end of Jana's message. Thanks for your help! Kelly ----- Forwarded by Kelly Noel Higgason/Corp/Enron on 06/07/2000 01:14 PM ----- Kelly Noel Higgason 06/07/2000 01:14 PM To: Jon Chapman/LON/ECT@ECT cc: Melissa Laing/LON/ECT@ECT, Jana Domke/Corp/Enron@Enron Subject: AESOP 2000 - Country Summaries Jonathon: I was in a meeting this morning concerning the new Enron employee stock option plan that will be implemented at the end of this year, and Melissa Laing (who participated by telephone) informed me that you were the lawyer to support Enron Europe HR on this project. I recently joined the Enron Corp. legal staff from Enron International legal. My role in this project is to coordinate the international legal support for the new option plan. As such, I have contacted lawyers in various international business units to work with local counsel in each of the countries in which Enron has employees who will participate in the plan, to ensure that the plan does not run afoul of any legal restrictions. Based on current information (which is likely to change between now and December, per Melissa Laing), the relevant countries in the Enron Europe group are Norway, Poland, Spain, Sweden and Turkey. In the attachment labeled "asiapac" at the end of Jana Domke's message, you will find spreadsheets for all five of the Enron Europe companies. Please review (with local counsel, if necessary) the information in the "Legal Compliance" section of each spreadsheet to confirm that the information therein is accurate. Please forward any changes or comments to me and Jana Domke (Jana has requested that the review be complete by June 23rd). The Public Relations department is currently preparing the written material that will communicate the details of the plan to the participating employees. When that is available, I will send it to you so that you may make any modifications that are necessary to comply with local laws in each of the Enron Europe countries. The communication documents will be available in English, Spanish, Portuguese, German and Greek. Please call me at 713-853-5698 with any questions. Thank you for your assistance! Kelly ----- Forwarded by Kelly Noel Higgason/Corp/Enron on 06/07/2000 12:57 PM ----- Jana Domke 06/02/2000 04:13 PM To: Janie Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gerry Chatham/Corp/Enron@ENRON, Scott Gilchrist/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly Noel Higgason/Corp/Enron@Enron, Miguel Padron/SA/Enron@Enron, Ranendra Sengupta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Willie Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Jane Allen/HOU/ECT@ECT, Pam Butler/HR/Corp/Enron@ENRON, Timothy Callahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dung Huynh/HR/Corp/Enron@ENRON, Michael Feuerbacher/Corp/Enron@Enron, Tony Jarrett/Corp/Enron@ENRON, Sheila Knudsen/Corp/Enron@ENRON, Amy Moore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diana Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob Shealor/Corp/Enron@ENRON Subject: AESOP 2000 - Country Summaries If you attended the recent AESOP meeting, you are aware that the approval for establishing an Enron AESOP 2000 Program was granted by the Executive Committee on April 6, 2000. In most instances, the plan design replicates the prior Plan parameters. However, on an international basis, there have been numerous regulatory and legislative changes which may impact this program. Attached are individual Country Summary Highlights which consolidate the various accounting/tax/legal/banking/human resource, etc. details and issues into one document. This consolidated document is based not only on information gleaned from the previous AESOP inplementation, but it also reflects the most recent local tax changes - at least based upon the information we have here. Because successful Plan implementation and rollout is predicated upon solid information, understanding and interpretation, we need your assistance. Please coordinate review of the your appropriate country documents with your local financial, legal, tax and/or other professionals, as required. We want to ensure that AESOP incents our employees and reinforces the "One ENRON" philosophy - but at the same time, we need to ensure this program is cost effective, tax efficient, legally defensible and culturally acceptable in your areas of responsibility. Please document any specific issues and/or concerns, and where appropriate, provide input on viable options, corrective action, etc.. Also, if you have plans to be in other foreign locations prior to AESOP implementation and they need to be included, please advise ASAP. Please send your responses via e-mail to either Dung Huynh or myself or by fax to (713) 646-7203. If you have questions or if you need to discuss further, please call me @ (713) 345-6142. Our timeline is tight so would appreciate your responses at the latest by June 23rd - earlier if possible. Once we have the input, we'll roll this information up into a revised Summary Document, identifying issues that need further assessment/discussion and move forward to coordiinate final resolution with the AESOP team members. Appreciate your assistance! Regards/Jana Domke & Dung Huynh PS - I apologize ahead of time for not getting all the countries correctly sorted by region. You may need to extrapolate your specific locations from one or more of the following attachments. Attachments