text_combined: update retention severance plan know interested retention severance plan want update status many know working members creditors committee consultants since december formulate retention severance plan formally presented plan committee friday february 22 hoped committee would approve plan quickly could file bankruptcy court share details plan end month know many career options outside enron retention severance plan may impact decision stay leave sincerely regret inform approval plan debtor companies delayed learning bankruptcy things move quickly accustomed committee outlined concerns related proposed plan confident able reach agreement creditors concerns creditors committee fully supports implementation retention severance plan plans align company objectives goals creditors fairly standard bankruptcy plans designed way preserve maximize value estate creditors committee also understands time essence getting plan place established subcommittee expedite review approval process end meeting regularly subcommittee intend work hand hand reach agreement acceptable plan quickly possible currently top priority bar none filed bankruptcy fully grasp tedious process developing acceptable plan would unfortunately lack understanding led management set unrealistic expectations quickly plan might place know takes significant time resources effort understand identify gather massive volume required details formulate information reasonable program prepare rationale compelling presentation process mirrors time intensive business presentation deal negotiation enron involved serves explanation intended excuse remain committed working creditors committee reach agreement plan anticipate negotiation process take another week targeted week march 11 file motion adopt plan bankruptcy court continue hold retention severance number one priority plan approved bankruptcy court respect non debtor companies companies bankruptcy new severance plans approved rolled employees companies near future meantime working finalize merit increases promotions across entire organization plan communicate employees next week course update retention severance soon possible