WWE: Vince McMahon Signs New “Employment Agreement”!

A new “employment agreement” Vince McMahon and World Wrestling Entertainment went into effect on January 1st and will run for three years until December 31, 2013. According to the official SEC Filing posted at WWE.com, 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.

Tags

Latest Articles

Riverdale S02E10 Review: The Blackboard Jungle – Not much happened, but you still got whiplash!

Riverdale S02E10 Review: The Blackboard Jungle – Not much happened, but you still got whiplash!

Celebrating 25 years of WWE Monday Night Raw: Memories and highlights

Celebrating 25 years of WWE Monday Night Raw: Memories and highlights

WWE SmackDown LIVE Results: January 16, 2018

WWE SmackDown LIVE Results: January 16, 2018

WWE Spoilers: Two more title matches announced for the Royal Rumble

WWE Spoilers: Two more title matches announced for the Royal Rumble

WWE RAW Results: January 15, 2018

WWE RAW Results: January 15, 2018

WWE SmackDown LIVE Results: January 9, 2018

WWE SmackDown LIVE Results: January 9, 2018

WWE RAW Results: January 8, 2018

WWE RAW Results: January 8, 2018

REVIEW: Insidious: The Last Key ends an okay franchise on a blah note

REVIEW: Insidious: The Last Key ends an okay franchise on a blah note

2018’s Big Movie Year

2018’s Big Movie Year

WWE Spoilers: WWE Title match confirmed for the Royal Rumble

WWE Spoilers: WWE Title match confirmed for the Royal Rumble