As we discussed Friday, Frihart's agreement s/b converted from a 6-month offer to a 12 month agreement.  The following terms are acceptable: 

Base is same
Upfront payment is same
$55cash/$55 equity

Regards,

Chris
 -----Original Message-----
From: 	Vickers, Frank  
Sent:	Monday, February 04, 2002 1:09 PM
To:	Calger, Christopher F.; Milnthorp, Rob
Subject:	Frihart

I have had discussions with Bryant.  He was disappointed as to the reduction in the equity because as he says "he is in this for the long run". However, I can get him done at current structure if move 50/50 to 55/55.  Is that possible ? That adds a total of $10 k over a 2 year period with 50% cash ($5000) in the first year and 50% equity ($5000) in the back.  Seems like it should not be a deal breaker. 

Frank