- Dave is incredibly valuable to our business.
- He lives in the most expensive city in the country.
- He has made Enron $90MM, most of which could not have closed if he lived in Houston or Portland.
- He is sitting on (like the rest of us) a lot of out of the money calls.

I think the following is appropriate:

Base: $200 + $15 COLA
Signing: $100
Equity: $300 (50/50)



Chris Calger
503-464-3735

 -----Original Message-----
From: 	Fitzpatrick, Amy  
Sent:	Tuesday, July 24, 2001 3:35 PM
To:	Calger, Christopher F.
Subject:	FW: Employment Agreement Request for David Parquet

Chris -

Please see Louise's response.

A

 -----Original Message-----
From: 	Kitchen, Louise  
Sent:	Tuesday, July 24, 2001 3:34 PM
To:	Fitzpatrick, Amy
Subject:	RE: Employment Agreement Request for David Parquet

In line with the rest of the organisation

Base:		$200,000 
Signing:		$100,000 
Equity:		$250,000 equity (50/50) on signing


 -----Original Message-----
From: 	Fitzpatrick, Amy  
Sent:	Monday, July 23, 2001 10:36 AM
To:	Kitchen, Louise
Subject:	Employment Agreement Request for David Parquet

Louise -

David Parquet is currently on an employment agreement which expires on 12/1/2001.  Chris would like to be proactive in signing Dave up again for another 2 years.  

Dave's current contract details are:

Base:		$200,000 (due to SF cost of living)
Equity:		$100,000 equity (50/50) on 1/1/00
Equity:		$100,000 equity (50/50) on 1/1/01

Chris is proposing:

Base:  		$215,000 (or $200,000 with a COLA payment of $15,000 for each year of term)
Signing: 	$100,000
Equity:		$350,000 (50/50)

Please let me know your thoughts.

Thanks!
Amy