lal echterhoff issue robert louise reading bottom string emails determined would let provisions plan agreement govern echterhoff issue way assumed facts correct make exceptions regarding plans bad accounting results retirement stock plan age 55 5 years service regardless whether retire enron respect benefit programs would like discuss give call aaron x 39280 original message joyce mary sent monday june 04 2001 3 05 pm brown aaron executive comp cash michelle oxley david fmackin aol com cc mayes fran l subject stock option questions going let plan rule however think points important always stipulate grant agreement rules either verbally writing need say generally shorter term option 3 years depends grant made mary original message brown aaron executive comp sent thursday may 31 2001 12 59 pm cash michelle oxley david fmackin aol com cc mayes fran l joyce mary subject stock option questions spoke pat agrees michelle said award agreement rules aaron original message cash michelle sent thursday may 31 2001 12 24 pm oxley david fmackin aol com cc brown aaron executive comp mayes fran l joyce mary subject stock option questions q binding clearly states plan prevails unfortunately people grants 3 year period exercise although understand recent grants 3 year period pat let know disagree michelle michelle cash enron north america corp 1400 smith street eb 3823 houston texas 77002 713 853 6401 michelle cash enron com message may contain confidential information protected attorney client work product privileges david oxley enron enronxgate 05 31 2001 12 18 pm aaron brown enron enronxgate fran l mayes enron enronxgate michelle cash hou ect ect cc mary joyce enron enronxgate subject stock option questions ok say people plan prevails q may misleading tough mich tells q legally binding us fine since leaving us desire give plan entitles frustrated stated 3 years clearly q cash michelle oxley david cc joyce mary subject stock option questions change terms option agreements enron uncapped earnings charges changes made caveat seems fine provisions plan prevail aaron original message mayes fran l sent thursday may 31 2001 10 59 brown aaron executive comp cash michelle subject fw stock option questions fyi already sent copy david oxley fran original message echterhoff lal sent thursday may 31 2001 10 53 mayes fran l cc brian redmond hou ect enron subject stock option questions position general disclaimer q march 8 negated specific response question regarding period exercise stock options unacceptable answer specific question shown various plans various periods exercise answer question unequivocal statement period exercise three years sure many others made certain critical decisions based statement claim validity would suggest remedy situation allow stock options period exercise three years unless earlier due actual expiration date stated grant use term expiration date normal expiration date would occur options unexercised would apply anyone continuing employment enron regard position period exercise set particular stock option plan changed anything changed special provisions made particularly course transition due merger spin sale company special provisions made exclude hpl employees new employee stock option plan special provisions made provide 5 payment hpl employees lieu new stock option plan special provisions made consider hpl employees age 55 5 years service retirees allow vesting stock options feel sure special considerations certain employees lal echterhoff march 8 2001 q 1 transfer aep termination listed involuntary exercise vested options yes transfer aep treated involuntary termination reason divestiture enron 2 time frame exercise vested stock options period exercise vested options upon involuntary termination retirement death disability three 3 years fran l mayes enron enronxgate 05 30 2001 02 14 pm subject stock option questions received questions many employees concerning expiration date stock options q dated march 8 2001 stated three years exercise date options however page 1 document statement included regarding intent document stock option plan document govern provisions stock option program options listed stock option termination report list one year expiration three years stated question 16 document correct follows provision plan document employees options granted different stock option plan plan carries three year term expiration please review report carefully determine plan options issued additionally document intended provide general information page 1 included statement regarding plan document specifically case errors made document additionally stated employees could obtain copies plan document review enron provides plan documents employees familiarize plan make decisions based plan document apologize confusion may caused however plan options granted official document enron determines termination date please call need discuss options however understand speak regarding employees compensation options