John, as discussed this is what we could do:

   Current:   Proposed:

Term:   Expired March 00  2 years thru Sept 02

Base:   $130,000   $170,000
COLA:   $  23,400   Zero
Cash retention:  $  50,000   None

Bonus:   $110,000 (no target)  No Target
ENE LTI Gurantee: None    $150,000 minimum struck in 1/01
       $100,000 minimum struck in 1/02

Approx annual $313,400   $430,000 (assuming same bonus for illustration)

Let me know if you want a draft prepared.

David



John J Lavorato@ENRON
09/25/2000 10:29 AM
To: David Oxley/HOU/ECT@ECT
cc:  
Subject: Greg Wolfe


---------------------- Forwarded by John J Lavorato/Corp/Enron on 09/25/2000 
10:24 AM ---------------------------
   
	
	
	From:  Tim Belden @ ECT                           09/20/2000 12:09 PM
	

To: John J Lavorato/Corp/Enron
cc:  

Subject: Greg Wolfe

Here is Greg Wolfe's information.



In addition, he has received the following LT equity:
Date  Type   Term  Number  Strike
12/31/97 KEYSOP Opt  10  1500   20.78
2/7/99  ECT LTCP Opt  10  6508   31.46
2/7/99  ECT LTCP RS  10  2468   31.46

What would you recommend for a contract structure?