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  • Vince McMahon’s New WWE Agreement

    Posted on January 3rd, 2011 admin 1 comment

    WWE Chairman Vince McMahon

    WWE and Vince McMahon went into a new “employment agreement” as of yesterday which will run until December 31st, 2013. According to the official SEC Filing posted, McMahon’s new role in the company is as follows:

    “In addition to his duties and responsibilities as Chairman and Chief Executive Officer of the Company, the Executive shall serve as the Company’s creative director, and as a writer, and performer at various times for and in the Company’s events and productions.”

    The three-year deal gives McMahon generous compensation if he is terminated “other than for cause” or leaves on his own accord with “good reason.” It also includes a 1-year no compete clause in the event that his agreement is terminated.

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