text stringlengths 1 4.46k | employee_id stringclasses 45 values |
|---|---|
Michelle Enron North America Corp. | dev40 |
Twanda, would you please schedule a meeting with me, Hector, Sheila W., and Brian Schaffer re: follow up to the Bashen information? | dev40 |
I would like to have this group discuss how to close the loop with Sally's employees and implement any recommendations for follow-up. | dev40 |
I think the meeting with last approximately 1 1/2 hours. | dev40 |
Thanks. | dev40 |
Michelle | dev40 |
Please print this and save it to my document list. | dev40 |
Thanks. | dev40 |
Michelle | dev40 |
I agree with your assessment. | dev40 |
Thanks. | dev40 |
michelle | dev40 |
sounds fine to me. | dev40 |
Michelle | dev40 |
those look good. | dev40 |
Has Sheng already signed? | dev40 |
Let me know. | dev40 |
Also, we need an answer on Paskoff; his lawyer called again. | dev40 |
Thanks. | dev40 |
MHC Enron North America Corp. | dev40 |
I suggest contacting Peggy Banzak for a contact in Mexico. | dev40 |
Michelle | dev40 |
Dave, why don't you send it to Steve for review. | dev40 |
The consultant doing the training will be working from this. | dev40 |
When do we want to set up the training? | dev40 |
Our lawyers are ready to go. | dev40 |
Thanks. | dev40 |
Michelle | dev40 |
Anne, I have reviewed the P&S Agreement for Triple Lutz. | dev40 |
From my perspective, it generally looks fine. | dev40 |
I have a few comments, and invite Pat Mackin to add any he may have, in particular based on his review of Section 4.14. | dev40 |
In Section 4.7(c)(iv), there is a reference to any contract obligations. | dev40 |
I believe this would include employment contracts, which do not appear to be identified specifically on any schedule unless the annual amount exceeds $250K. | dev40 |
We may want to clarify that the disclosures are consistent with the provisions of Section 4.13(iii). | dev40 |
Section 4.8 provides that we will not enter into any employee benefits not required by law. | dev40 |
However, given that closing is pushed out so far in the future, we may want the flexibility to provide incentive bonuses for key personnel to stay with the company through closing. | dev40 |
This may be done with the Buyer's consent, but we may be tying our hands. | dev40 |
Section 6.2(e) contains a similar restriction on making payments to officers/directors. | dev40 |
In addition, Section 4.8 states that we won't enter into or amend any employment contracts. | dev40 |
We do not renew employment contracts at a single time, and the contracts of key personnel may expire. | dev40 |
Do we want to tie our hands and be prohibited from amending/extending the agreements? | dev40 |
Section 6.2(l) also prohibits the modification/amendment of contracts with employees. | dev40 |
In Section 4.10, the wording "(other than Environmental Laws)" suggests that we are not in compliance with environmental laws. | dev40 |
Rephrasing that sentence to refer to the provision of the Agreement may be preferable. | dev40 |
In Section 4.11(d), we promise that we haven't provided any gift of any kind to customers. | dev40 |
I don't think we can say that, given that we regularly host client development outings (e.g. Rodeo BBQ tickets, golf tourneys, etc.) and provide Enron goodies to people all the time. | dev40 |
Perhaps a limitation on de minimus gifts would be more accurate. | dev40 |
Also, a reference to our Code of Ethics may work here. | dev40 |
In Section 4.13(a)(iii), does the $250K threshhold include only cash value, or does it include equity grants that vest over time? | dev40 |
A reference to "cash" payments would clarify, given that people here are compensated by stock options/restricted stock that vest over time. | dev40 |
In Section 4.14(d), I am not sure whether this transaction accelerates vesting -- Pat, do you know? | dev40 |
Should Section 7.3 be italicized? | dev40 |
I have not seen the latest of the Employee Matters Agreement. | dev40 |
Have the parties discussed arbitration in lieu of litigation in Texas for the purposes of dispute resolution? | dev40 |
Anne, let me know if these comments need clarification or if you have any other questions. | dev40 |
Michelle | dev40 |
Pat, I have reviewed this agreement and provided my comments under a separate email. | dev40 |
I would appreciate your review of Section 4.14 in particular, given your familiarity with the compensation plans and benefit plans. | dev40 |
In terms of timing, your comments probably can go into the next draft, but if you have a chance to look at 4.14 today, it would be great! | dev40 |
Thanks a lot! | dev40 |
Michelle | dev40 |
Here is a set of comments by Pat Mackin on the Triple Lutz agreement. | dev40 |
Cynthia/Mary, do you have anything to add? | dev40 |
Michelle | dev40 |
please excuse the delay on this -- If possible, I would like the following documents copied from the data room: Woodland: Tab No.'s 107-130, and 136 Brunswick: Tab No.'s 102-127, and 137 Thanks. | dev40 |
Michelle Cash | dev40 |
One other item: Could you please request all employment contracts and change of control agreements, if any? | dev40 |
Thank you. | dev40 |
Michelle | dev40 |
Karen, does Sean have his art on a web site anywhere? | dev40 |
I have someone who wants to look at it. | dev40 |
Michelle | dev40 |
Andrea, This looks good. | dev40 |
I have two nits: First, the street value of our phone book is $1k, not $1. | dev40 |
Also, "loosing" people should be "losing" people. | dev40 |
One other risk is that the descriptions of what people are doing could reveal confidential business strategies to our competitors because there is no filter on what employees can/can't put. | dev40 |
In other words, if an employee is working on developing something within Enron that our competitors do not know about, expertfinder could provide them with that data/strategy. | dev40 |
One other recommendation (by Scott) was to allow access only from an Enron facility -- not remotely. | dev40 |
This would manage risk of a person taking a laptop to a competitor and also would protect against hackers. | dev40 |
Given that employee talent is a major asset, we should find ways to move that talent around while also protecting it from being picked off from the outside. | dev40 |
Thanks. | dev40 |
Michelle | dev40 |
Drew, Louise and Robert have brought me into the loop on the employee in London who has had some issues. | dev40 |
I would appreciate it if you would fax me a copy of his agreement. | dev40 |
I will be out of the office tomorrow, so, if possible, could you fax it to my house first thing in the morning? | dev40 |
713-218-7355 is the fax number. | dev40 |
If you send it around 5:30 am Houston time, then I can have time to review it and incorporate its provisions into the draft correspondence that I will prepare on this topic. | dev40 |
I am going to be attending a seminar out of the office starting around 8:00 am Houston time. | dev40 |
I will prepare draft correspondence and circulate it to you, Robert, and Louise for comment and dart-throwing. | dev40 |
I can be reached via my cell phone during the day at 713-302-5522. | dev40 |
Thanks, Drew. | dev40 |
Michelle | dev40 |
Here is the attachment. | dev40 |
Thanks for the update on Delainey. | dev40 |
Michelle | dev40 |
Drew, thanks, I got it. | dev40 |
I'll be sending out an email on this in the next couple of hours. | dev40 |
I'll send it to you and Robert first. | dev40 |
You can run it by Chapman and/or outside counsel in London today. | dev40 |
If everyone is in agreement as to the approach, we can send it to Louise asap. | dev40 |
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