It has been confirmed that WWE Chariman and CEO Vince McMahon has signed a new 3 years employment contract with WWE which would be effective from 1,Jan,2011,with the contract renewing each year beyond that unless either party chooses not to extend.
He will serve as Creative Director as well as be a writer and performer along with his old duties of Chairman and CEO,
Mr. McMahon’s annual base salary will be $1,100,000 and he’ll be entitled to an annual bonus target of 100% of base salary, depending on “degree of achievement of corporate and individual performance.” He’s entitled to 4 weeks of paid vacation per year.
McMahon's and his family is also allowed to use WWE’s corporate jet for personal use when the aircraft is not needed for business purposes.
You can read WWE’s official filing with the at Securities And Exchange Commission on WWE.com here.
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