Enron Mail

From:f..calger@enron.com
To:david.oxley@enron.com, louise.kitchen@enron.com, greg.whalley@enron.com,rob.milnthorp@enron.com, amy.fitzpatrick@enron.com
Subject:FW: Frihart
Cc:frank.vickers@enron.com
Bcc:frank.vickers@enron.com
Date:Mon, 4 Feb 2002 13:16:37 -0800 (PST)

As we discussed Friday, Frihart's agreement s/b converted from a 6-month offer to a 12 month agreement. The following terms are acceptable:

Base is same
Upfront payment is same
$55cash/$55 equity

Regards,

Chris
-----Original Message-----
From: Vickers, Frank
Sent: Monday, February 04, 2002 1:09 PM
To: Calger, Christopher F.; Milnthorp, Rob
Subject: Frihart

I have had discussions with Bryant. He was disappointed as to the reduction in the equity because as he says "he is in this for the long run". However, I can get him done at current structure if move 50/50 to 55/55. Is that possible ? That adds a total of $10 k over a 2 year period with 50% cash ($5000) in the first year and 50% equity ($5000) in the back. Seems like it should not be a deal breaker.

Frank