Triple H & Nick Khan To Paid Millions In Rewards Following WWE Sale

Following the news that WWE has actually been offered to the Endeavour Group and will be combined into a brand-new business with the UFC, bonus offers were exposed for 2 leading WWE executives.

According to an SEC filing, Triple H will get $5 million, and Nick Khan will get $15 million:

” In light of their substantial contributions to the Company prior to and in connection with the Transactions and to promote retention, the Company, following the approval of the WWE Compensation Committee, participated in reward letter arrangements (each a “Bonus Agreement”), dated since April 1, 2023 and reliable since April 2, 2023, with particular executive officers consisting of Nick Khan, the Company’s Chief Executive Officer, Frank A. Riddick III, the Company’s President & & Chief Financial Officer, and Paul Levesque, the Company’s Chief Content Officer. The Bonus Agreements each attend to a money payment (the “Bonus”) in case a Sale Transaction (as specified in the Bonus Agreements) is consummated on or prior to February 28, 2024 (unless such date is extended by the Company’s Board of Directors, in its discretion) (a “Qualifying Sale Transaction”).

For Messrs. Khan and Levesque, the quantity of their Bonuses amounts to $15,000,000 and $5,000,000, respectively, with 100% of such quantity payable as quickly as practicable following the closing date of a Qualifying Sale Transaction, based on their constant work through the closing date (other than as otherwise kept in mind listed below). For Mr. Riddick, the quantity of his Bonus amounts to $5,000,000, with 60% of such quantity payable as quickly as practicable following the closing date of a Qualifying Sale Transaction and 40% of such quantity payable as quickly as practicable following the six-month anniversary of the closing date of a Qualifying Sale Transaction, based on his constant work through each such date (other than as otherwise kept in mind listed below). In case any of Messrs. Khan, Riddick and Levesque is ended by the Company without Cause or resigns for Good Reason (each as specified in the relevant Bonus Agreement) prior to the payment date( s) explained above, the unsettled part of his particular Bonus will vest and end up being payable since the date of termination.

The foregoing description of the Bonus Agreements does not profess to be total and is certified in its totality by recommendation to the complete text of the Bonus Agreements for Messrs. Khan, Riddick and Levesque, copies of which will be submitted as displays to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and which will be integrated by recommendation herein.”

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