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Enron Mail |
1. Estate / Buyer pays $12.5mm in 2001 bonus payments to approx 600 people. To be delivered as retention payments.
2. Retention pool to be established $50mm (75% cash 25% stock). This money to be provided by the Buyer outside of the established Bonus pool. 3. Cash to be paid 33% on signing 33% in 6 months from signing 33% in 12 months from signing 4. Contracts: (i) 70% of Top 10 - 2 year (within 3 days of signing) (ii) 70% of Top 20 - 1 year (within 7 days of signing) (iii) 70% of Top 50 - 1 year or retention (to be established on average pay for 2001) (within 60 days of signing) Top 10 to be identified as: Whalley Lavorato Kitchen Colwell Milnthorp Calger Shively Allen Webb Bradford Top 20 Top 10 plus Belden Arnold Sturm Presto Davis Zufferli Swerzbin Benson Tycholiz Martin
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