associate analyst prc update prc process associate analyst programs revised office chairman conjunction heads operating company established prc committee associates one analysts committee oversee respective prc meetings details process follows prc committee members associate prc committee sally beck w black dan catagnola paul chivers ed coats dave duran bob hayes sean homes fred kelly dick leibert sean long scott neal ozzie pagan kevin presto brad richter mark ruane jim steffes analyst prc committee dave bowers federico cerisoli ed coats david crews brenda herod rogers herndon ben jacoby steve jernigan william gehle jay lewis james w paul mead mike norris rockey storie jon thomsen emilio vicens ii meeting logistics enron hold eastern hemisphere associate analyst prc meetings july 17 th london prc eastern hemisphere include europe india asia chaired john sherriff western hemisphere associate analyst prc meetings held july 19 th houston prc western hemisphere include south america calgary portland houston australia houston administers chaired joe sutton analyst prc conducted 8 00 12 30 p associate prc conducted 1 30 p 6 30 p iii process prc representative randomly assigned 15 17 associates analysts represent prc meeting please note prc rep representing individuals may work specific opco individuals work throughout organization prc rep continue represent assigned associates analysts entire tenure program prc reps expected contact prc supervisor gather performance information including pre ratings available program prepare binder prc rep includes consolidated feedback pep system assigned associates analysts provide prc representatives july 7 th associates analysts pre rated business unit supervisor using six performance ratings superior issues management professional feedback form detailed pep system pre ratings must loaded pep july 6 th associate analyst ratings cross calibrated tenure meeting follows associates level 1 0 6 months level 2 7 12 months levels 3 4 reviewed together 13 months analysts level 1 0 6 months level 2 7 12 months level 3 13 24 months level 4 5 reviewed together 25 months rating determined global cross calibration meeting final changed meeting ended following global associate analyst prc associates analysts supervisors obtain final rating prc representative supervisors must ensure evaluation session conducted final rating communicated associate analyst september 15 th completed form must signed associate analyst returned terry bosien human resources 9 18 00 iv promotions promotions must recommended prc associates eligible promotion manager 18 24 month anniversary timing anniversaries occur april lst september 30 th recommended july prc occur october lst march 31 st recommended december prc promotion granted would become effective lst month following prc associate anniversary date whichever later associates promoted march 31 st july prc september 30 th december prc evaluated associates prc purposes manager e associate promoted manager effective april lst july prc individual evaluated associate manager 2 nd year analysts recommended promotion 3 rd year analysts completing 2 nd year utilizing timing criteria outlined e analyst completes 2 nd year september 30 th recommended promotion 3 rd year analyst july prc 3 rd year analysts may recommended promotion associate completing 3 rd year utilizing timing criteria outlined e analyst completes 3 rd year september 30 th recommended promotion associate july prc please call terry bosien 713 853 5230 celeste roberts 713 853 0555 questions