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Enron Mail |
Michelle, can you please get these documents back to me right away? -----Original Message----- From: Butler, Pam Sent: Thursday, November 15, 2001 10:31 PM To: Cash, Michelle Subject: FW: Retention Trust Michelle, please review the Resolution below and make any necessary changes; can you please secure the appropriate signature at the appropriate time? I will need to get to Wachovia early next week. -----Original Message----- From: Peter.Quinn@wachovia.com [mailto:Peter.Quinn@wachovia.com] Sent: Thursday, November 15, 2001 7:16 PM To: Butler, Pam; FMackin@aol.com Cc: John.Smith@wachovia.com Subject: Retention Trust We have reviewed the trust document and appendices. Our proposed changes to the Trust are attached. We have no changes to the appendices. As we discussed earlier today, there are two other documents that we will require to establish the account: 1) Authorized Signers who can direct Wachovia as Trustee (form attached) and 2) evidence of authority to establish the trust (I have attached a very generic form that can be modified). These forms will not be required to open the trust tomorrow, but are required documentation On the issue of tax payments, Pam and I discussed W-2 wages vs. K-1 ordinary income, and you have indicated that these payments will be W-2 income. As a follow-up item, we would like your counsel to write a letter to us confirming that this is the proper distribution method for this trust. In very short order, we will need detailed payment data so that we can begin setting up the first payments up for distribution on January 4, 2001. Should these be W-2 distributions (wages), we will also need to know the Employer FICA amounts. Please also confirm the number of affiliates listed in Appendix C (3, I believe), and Participants/Payments in Appendix B so that I can finalize a fee quote by morning to include in Appendix D. Please do not hesitate to call me at home this evening at (336) 712-9598 if you would like to discuss any of this. Peter attachments(See attached file: Trader Bonus Trust Agreement 1b.doc)(See attached file: Resolution.doc)(See attached file: Authorized Signatures.doc)
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