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    Salen WWE Offer Letter

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    Heel By Nature
    WWE has extended an offer to Kristina Salen for the position of CFO Consultant, becoming Chief Financial Officer effective July 30, 2020. The offer includes an annual base salary of $730,000, eligibility for an annual bonus target of 50% of base salary, and a restricted stock unit grant valued at $500,000 that will vest over three years. Benefits include medical, dental, life and disability insurance, 401k matching up to 6% of salary, four weeks of vacation, and nine months of severance pay if terminated without cause. The offer is contingent on background checks and compliance with immigration laws.

    Copyright:

    Public Domain

    Salen WWE Offer Letter

    Uploaded by

    Heel By Nature
    2K views3 pages
    WWE has extended an offer to Kristina Salen for the position of CFO Consultant, becoming Chief Financial Officer effective July 30, 2020. The offer includes an annual base salary of $730,000, eligibility for an annual bonus target of 50% of base salary, and a restricted stock unit grant valued at $500,000 that will vest over three years. Benefits include medical, dental, life and disability insurance, 401k matching up to 6% of salary, four weeks of vacation, and nine months of severance pay if terminated without cause. The offer is contingent on background checks and compliance with immigration laws.

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    HeelByNature.com

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    WWE has extended an offer to Kristina Salen for the position of CFO Consultant, becoming Chief Financial Officer effective July 30, 2020. The offer includes an annual base salary of $730,000, eligibility for an annual bonus target of 50% of base salary, and a restricted stock unit grant valued at $500,000 that will vest over three years. Benefits include medical, dental, life and disability insurance, 401k matching up to 6% of salary, four weeks of vacation, and nine months of severance pay if terminated without cause. The offer is contingent on background checks and compliance with immigration laws.

    Copyright:

    Public Domain
    2K views3 pages

    Salen WWE Offer Letter

    Uploaded by

    Heel By Nature
    WWE has extended an offer to Kristina Salen for the position of CFO Consultant, becoming Chief Financial Officer effective July 30, 2020. The offer includes an annual base salary of $730,000, eligibility for an annual bonus target of 50% of base salary, and a restricted stock unit grant valued at $500,000 that will vest over three years. Benefits include medical, dental, life and disability insurance, 401k matching up to 6% of salary, four weeks of vacation, and nine months of severance pay if terminated without cause. The offer is contingent on background checks and compliance with immigration laws.

    Copyright:

    Public Domain
    of 3

     

    June 22nd, 2020

    Kristina Salen

    Dear Kristina:

    World Wrestling Entertainment, Inc. (“WWE”) is happy to extend the following offer of
    employment to you:

    Title: CFO Consultant 
    Chief Financial Officer -  Effective no later than July 30th, 2020 

    Location: 1241 E. Main Street,  Stamford, CT 06902

    Department: Finance
    Reports to: Vince McMahon
    Chairman of the Board & CEO

    Start Date: July 6th, 2020

    Compensation and Benefits

    Base Salary:   The starting base salary is $730,000 annually, less withholding, which will be
    paid bi-weekly.
    Merit Increases:   All merit increases will be paid out in accordance with our merit pay-out
    schedule.

    Incentive Bonus:   You are eligible to participate in the WWE Bonus Plan. The funding of
    the plan is based upon the Company’s achievement of financial and/or strategic performance
    measures, as determined by the WWE in its discretion. The bonus pool funding can increase,
    decrease or be forfeited based on the level of achievement of the performance measures. The
    target bonus for your position is 50% of your base salary. Your individual award will be
    determined based upon your performance appraisal score and management discretion. The
    terms of any bonus eligibility can be modified or deleted at any time within WWE’s sole
    discretion.

    WWE Equity:   Conditional upon full Board approval, you will be granted restricted stock
    units of Class A Common Stock of WWE valued at $500,000, to be received on your
    official start date. These restricted stock units (less applicable taxes and other deductions
    required by law) will vest in equal annual installments over three years, at all times subject
    to and governed by the terms of the Company’s Omnibus Incentive Plan (“OIP”). These
    shares, as well as future shares, may also be subject to the

     
    Company’s stock ownership guidelines, and at all times, all other terms and conditions of
    your eligibility for equity shall be governed by the plan.
     
    You will also be considered for eligibility in all future stock programs that are offered to
    other key executives in the Company, including the Performance Stock Unit (PSU) program,
    at all times subject to management’s and the Compensation Committee’s discretion and at
    all times subject to the, terms and conditions of your eligibility for equity. The equity grant
    is typically determined as a percentage of base salary; which is 70% for your management
    level and remains subject to management and the Compensation Committee’s discretion.   
    Benefits:   You will be eligible for full company benefits on the first day of the month
    coincident or following your date of hire. WWE benefits include (but are not limited to):
    medical, dental, life and disability. To help you build a financially secure future, you will be
    automatically enrolled in our 401k plan at 3%. Should you elect to opt out of the 401k auto-
    enrollment, please call Fidelity at 1-800-835-5097, after you receive their confirmation
    letter. WWE currently matches fifty percent (50%) of your contributions up to six percent
    (6%) of salary. This match is subject to a one-year vesting and may be changed by the
    Company at any time within WWE’s sole discretion.

    Vacation:   Four  (4) weeks’ vacation and two  (2) personal days for the calendar year of
    2020. Vacation accrual and use subject to WWE policy then in force.

    Severance:   If at any time your employment is terminated by WWE for any or no reason, or
    if you resign for "good reason"  (defined as material permanent reduction in base salary;
    material diminution in authority, duties or responsibilities; no longer reporting directly to
    CEO; relocation of your principal workplace that increases your commute by more than 50
    miles; or material breach of this offer letter), but without “cause” as “cause” is defined by
    the company’s then current Severance Policy, you will receive your then current base salary
    (payable in accordance with WWE’s regular payroll practices) and benefits continuation for
    nine (9) months from your termination date.  However, if, at the time of your termination,
    the then current Company severance policy would entitle you to receive more than nine (9)
    months of salary and benefits, you will be entitled to receive the greater package of
    severance.  If you resign from your employment with WWE for “good reason”, you are
    required to provide WWE notice of the existence of the “good reason” condition within a
    period not to exceed 90 days of its initial existence, and WWE shall have a period of at least
    30 days during which it may cure the “good reason” condition.  If the event constituting
    “good reason” is not cured by WWE within the cure period, then you may resign on account
    of the “good reason” at any time following the end of the cure period.  Any and all
    severance and benefit continuation at any time is expressly conditioned on your execution of
    an agreement containing a release of claims in favor of WWE broadly defined, as well as
    other obligations to the Company referenced as conditions to receiving continued salary and
    benefits in the then current company Severance Policy.
    Work Week:   While the standard work week is 40 hours per week, such hours are subject to
    business needs as determined by management in its discretion. As an exempt employee,
    your salary covers all hours worked during any given work week or

     
    other time period. You are further expected to work all hours necessary to meet the
    requirements of your position.

    Acceptance and Onboarding


    This offer is contingent upon satisfactory reference and background checks and compliance
    with all Immigration Control and Reform Act requirements. At all times, your employment
    relationship with WWE will be “at-will.” This means that either you or WWE can end your
    employment at any time, for any or no reason.
    Please indicate your acceptance by signing below and sending a copy of this entire letter to
    Brad Kogut via email at [email protected] by Wednesday,  June 24th,   2020.
    Following acceptance of this offer, as it gets closer to your start date, you will receive a
    communication granting you access to our Workday HR system where you will have the
    opportunity to review and sign our policies and procedures.
    On behalf of WWE, we are very pleased that you have accepted this offer and look forward
    to having you join our team.

    Sincerely,

    /s/  James Johnstone
    James Johnstone
    Senior Vice President, Human Resources

    /s/ Kristina Salen June 22, 2020
    _________________________ _________________________
    Kristina Salen Date

                            

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