IN: This is an email
Susan: I hope to finalize the Master today on our conference call. Could you please start pulling together the ENA and Enron Corp certificates? They are alos requesting a W-9. I would like to have all of these ready and executed by this time next week. I will send you the Enron Guaranty after it has been finalized. Thanks. Call if you have any questions. My contacts there are Adele Raspe and Maria Salvatore, her legal assistant. Carol

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OUT: PSE&G

IN: This is an email
On Thursday, May 25 you were repaid $2,535,786.72 from the refinance of Da= vid's home ($1mm) and my home ($1,535,786). We forwarded the funds to pay= down your personal Bank of Amercia (BA) LOC. The Family Partnership had t= o borrow from your personal line at BA $200,000 to cover the $588k cash ca= ll for SRE properties. With today's closing prices, the Family Partnershi= p's available BA line is between $25k-$50, which is an estimate because mu= tual funds don't post their NAVs until around 5pm (Central time). That ma= kes the Partnership's total payable to KLL/LPL personal line at $1,303,50= 0. =20 I contacted the guys regarding the BBT Fund (Bass family). Per our conver= sation, I told them that the timing was bad, but we did not want to miss o= ut before they close the fund. I indicated that our initial investment wo= uld be the following: KLL/LPL personal $250,000; KLL & LPL Investments, Lt= d. $100,000; Foundation ? (possibly $100,000). The initial investment amo= unt for the partnership, and possibly the foundation, are about as low as = we can go if we want to get into the fund. I am aware that the Foundation= is waiting to as long as possible to pay out any contributions os I wasn'= t sure if we wanted to make something happen there. Also, I indicated tha= t we would prefer to fund as late as possible, which looks like July . I= f we decide on doing something in the foundation they have an Offshore Par= tnership to eliminate the tax implications of UBIT. The Offshore Partners= hip is run exactly the same as the Onshore version, but is unitized and pa= ys a dividend rather than distributions to the investors. Let me know if = the amounts (above) to invest are okay with you and if you want anything i= n the Foundation.

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OUT: Update - May 25, 2001

IN: This is an email
December 27, 2001 RE: Employee Severance Enron Corp. Office of the Chairman 1400 Smith Street Houston, TX 77002 Attention: Kenneth Lay Enron has in place a severance policy that entitles all terminated employees a benefit that is based on length of service and amount of pay. In the days leading up to the bankruptcy filing, then again during floor meetings at the time of termination, Enron representatives clearly stated that the company would be seeking payment of the severance policy for terminated employees. This was to follow the advanced payment of $4,500 for these benefits. However, severed employees have not been contacted by Human Resources representatives to advise them of the amount of severance benefits they are eligible to receive as stated in the policy. They have also not been informed of Enron's intention to pursue these payments through the court. Enron has since informed current employees that they intend to work with the court to establish provisions for additional retention and severance for current employees. Since these payments are crucial for severed employees to assess their financial situation, we are asking Enron to promptly respond to the following five questions: 1) Will the Board approve the severance plan in place or another plan of severance? 2) Will this be the same plan that is being put together for current employees that may be severed at a later date? 3) What day will the board be acting on this plan? 4) What day will the plan be presented to the bankruptcy court? 5) Since employees have not been informed of the status of their benefit, will application for state unemployment benefits cease payment of the severance benefit? Will Enron waive that stipulation? In the event that Enron will not be seeking additional severance for terminated employees, we are asking that Enron answer the following questions: 1) By what day will a Human Resources representatives contact each employee with the amount of severance they were eligible to receive at the time of their termination? 2) How do employees access supporting documentation needed for filing a proof of claim form through the bankruptcy court? This would include company policy manuals and employee files. Respectfully, Ezzatollah (Ezzy) Sadrerafi

What is the subject?

OUT:
Employee Severance