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=
that our company has experienced, including our high-performing stock price=
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=
who were on the payroll of a wholly-owned Enron company at Dec. 31, 1999 wi=
receive 50 Enron stock options. A special stock option award certificate a=
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 =
? Options will have a seven-year term, which means you must exercise these=
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=
employee of Enron. This means you may exercise 25 percent of these options=
as early as Feb. 28.
? This grant is made in accordance with the terms and provisions of the Enr=
Corp. Stock Plans and the award documents, which you will receive in the=20
Due to varying international restrictions and legalities, Enron employees i=
certain international locations will receive some other form of recognition=
Your local management and human resources representative will communicate=
Visit home.enron.com for additional information. There you can access a li=
of frequently asked questions regarding stock options. And you can view a=
special message from Ken Lay. To access the special message, you must have=
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=
contact your PC Help Desk.
Again, thank you for all you do to make Enron a successful global energy an=
broadband services company and a great place to work.=20