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Old 07-25-2007, 07:45 PM   #19
piemaker720
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This Agreement, made and entered into on this ____ day of __________,
_____, and made effective as of August 13, 2001, by and between ENRON CORP.,
(Company") and KENNETH L. LAY ("Employee"), is an amendment to that certain
Employment Agreement between the parties entered into and made effective on
December 9, 1996 (the "Employment Agreement").
"3.1 BASE SALARY. During the period beginning on the
Effective Date and ending on December 31, 1996, Employee shall
receive an annual base salary equal to $990,000, which increased to 1.2 million dollars on May 1, 1997 and then increased to 1.3 million dollars on May 1, 1998 through January 31, 2001. For the period beginning February 1, 2001 and ending August 12, 2001, Employee shall receive a minimum annual base salary equal to $975,000. Effective August 13,2001, Employee's minimum annual base salary shall be increased to $1,000,000.00.

He deserved it didn't he, he screwed Thousands of former Enron employees that saw their retirement funds disappear when the energy giant collapsed.
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