enronoptions stock option program amazing yet surprising much enron accomplished first six months year continue make happen recognize work hard every day accomplish enron business goals pleased many shared company financial success enron stock options may know current employee stock option program also known employee stock option program aesop began 1994 provided value participants 2000 employees participated program inception realized 1 119 increase value stock options assuming stock price 70 life program enron stock options valuable part total compensation package contributing factor performance enron continued success therefore enron executive committee compensation management development committee enron board directors decided continue offer stock options part compensation package may 1 2000 committee approved employee stock option program calendar years 2001 2005 enronoptions stock option program expected enronoptions stock option program granted effective december 29 2000 employees eligible date please see note new program subject final approval enron board directors follows enronoptions stock option program give stock options eligible full time part time regular employees domestic international companies locations grant non qualified stock options equal 25 annual base salary 5 annual base salary year 5 year period december 29 2000 salary calculation value may vary international locations board grant stock options december 29 2000 eligible employees hired subsequent years receive prorated grant stock options commit talent energy enron enronoptions stock option program among good reasons coming weeks receiving details enronoptions stock option program provide information answer questions introduce special link human resources web site host several espeak sessions continue communicate regular basis meantime immediate questions please contact human resources representative note addition final approval enron board directors granting options subject new york stock exchange state federal regulatory requirements expected enronoptions stock option program available enron employees however enron companies employees may eligible due legal accounting tax labor business issues know enron changes meet needs marketplaces serve given need change continue refine eligibility enronoptions stock option program communicate details throughout year final eligibility determined december 29 2000