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Here's the latest version. It looks ok to me. The most substantive aspect of it is that Calumet Power (or its affiliate) could end up the indemnity obligations under the agreement. (in other words, an entity without a lot of money to fund indemnity obligations) In my opinion this isn't important in the context of the option. Unless someone objects, I'll tell PERC that Enron is ready to go with the assignment. Kay

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OUT: Option Agreement

IN: This is an email
Vince, I am attachings the revised Employment Agreement forms for Mike, Vasant, and Krishna so that you can review the numbers with Whalley. Please just let me know when you are ready to pull the trigger or if any changes need to be made. Additionally, I am attaching the final ratings for all of your people. Some people have NR by their names, but that is only because they have not been here long enough to be reviewed. If you need any additional info from me, please let me know. Thanks.

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OUT: Employment Agreements and Final Rankings

IN: This is an email
Due to construction delays at the Houston Center for Contemporary Craft, we are postponing the donor appreciation reception (scheduled for May 2) until September. We will let you know the new date as soon as it is determined. We are mailing a notice to all those invited today. Please call if you have any questions. Linda Gardner

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OUT:
Donor Appreciation Event