Spreadsheet: michelle_cash__26527__RJohnson QA-Answers
Sheet: Sheet1

Submitted By | Question | Suggested Answer | Answer Prepared By
 | LAY OFFS
Intranet | When and how will position be eliminated? | At this early stage, there has be no determination as to whether, when, or how any elimination of positions would occur. | [NAME]
[NAME] | Is redeployment still a viable option for those employees whose positions are eliminated?  What happens to those employees currently in redeployment? | At this point, there are no plans to place people in redeployment. Employees currently in redeployment will be given the option of either immediately taking another position or their employment on 11/16/01. | [NAME]
[NAME]/[NAME] | If we merge or sell the pipeline, will there be an effort to keep the current employees? | Employment is typically transitioned to the acquiring entity in the event of an asset sale, but the terms and conditions of any purchase agreement would provide more specific information. | [NAME]
 | [NAME]
Intranet | Will we still have the 25 Year Award Banquet and will the other service awards be the same until the merger? | Although there has been no determination about those issues at this time, it would be likely that Enron will continue to celebrate important milestones. | [NAME]
Intranet | With respect to a hiring freeze, how does this apply to people who have offers outstanding with Enron?  Specifically, I know several people who have accepted offers extended to then to join the [NAME] program early next year.  Are these offers still good?  Many of these people have already turned down other offers of employment.  Will they be informed soon of their options? | Enron has not currently adopted a global hiring freeze.  In some situations, offers may be rescinded.  We are carefully evaluating open positions and extended offers on a case by case.  We will staff those that are critical to the businesses.  Decisions regarding future hiring practices will be determined by the leadership. | [NAME]
[NAME] | Is Enron implementing a global hiring freeze? | Enron has not currently adopted a global hiring freeze.  We are carefully evaluating every open position and only staffing those that are critical to the businesses.  Decisions regarding future hiring practices will be determined by the leadership of each business unit. | [NAME]
[NAME] | What happens to those individuals who have received and accepted an offer of employment from Enron?  [NAME] rescind offers of employment? | Each offer of employment will be evaluated on a case by case basis, and, in some circumstances, offers may be rescinded. | [NAME]
[NAME]/[NAME] | Some employees have been receiving letters at their home addresses from law firms who are filing class action lawsuits.  What should employees do in response to the letters? | Employees should evaluate these communications and take whatever action they deem appropriate. | [NAME]
[NAME]/[NAME] | Will Enron December dividends be interrupted as a result of the merger with Dynegy? | Distributions of earnings to shareholders will continue to be determined by Enron's Board of Directors. | [NAME]
Intranet | Will all employment contractual obligations and offer letters obligations still be honored, both now and after the merger is complete? | Contracts executed by Enron and counter parties will continue to be administered in accordance with the terms in each document. | [NAME]
[NAME]/[NAME] | Some reports have described Dynegy as more conservative than Enron, what does that mean? | Without the context of the comment, it is impossible to respond accordingly. | [NAME]
[NAME] | If we let go a number of contractors, what process is in place to make that happen if in fact it is a mass exit of this group?  Security could be an issue and it will be important to make sure we have exited them properly. | Efforts to assess HR best practices and processing resources are underway.  Our contingency planning will address issues such as security and termination volumes. | [NAME]
[NAME] | There is great deal of concern about retaining key people- when will the decision be made about what the company is willing to do.  It was mentioned that there isn't necessarily concern about whether they will get a job with the new company, but rather is this a company they even want to stay with. | Retention objectives will be determined in accordance with the strategic evaluations currently being pursued by Enron business units. | [NAME]
[NAME] | Will there be a 360 review via the PEP system?  When will this determination be made? | Year End evaluations processes have not been decided. | [NAME]
[NAME] | If someone has an employment agreement, is the non-compete still in effect at this time?  Considering that the company does not seem to have any money, are they really going to go after someone who violates the non-compete? | Enron would expect employees under contract to comply with the conditions of their agreements, including the non-competition obligations.  Enron will continue to take steps to enforce its agreements in the event they are breached, including the filing of litigation if necessary. | [NAME]
Intranet | What is the Company's plan to boost morale, given what Enron employees have lost financially in the midst of these allegations? | The Company will continue to address its employment issues and organizational morale.  It is recognized that employees, as Enron stockholders, share in the advance and decline of our stock price. | [NAME]