Document:

Agreement to make contributions by American Media, Inc

 Exhibit 10.2 
  
 [Letterhead of American Media, Inc.] 
  

January 1, 2004 
  
 Via Federal Express 
  
 Paul Wachter, Esq. 
 Oak Productions, Inc. 
 c/o Main Street Advisors 
 3110 Main Street 
 Suite 300 
 Santa Monica, CA 90405 
  

Re:    Agreement to Make Contributions 
  
 Dear Paul: 
  
 Based upon our recent conversations, this letter will confirm that for consideration received AMI agrees to make the following contributions annually over
the next five years beginning in calendar year 2004. 
  

	1.	An annual contribution of $100,000 to the Arnold Classic 

	2.	An annual contribution of $250,000 to the Governor’s Counsel on Physical Fitness (this contribution may be made in part by David Pecker). 

  
 The aforementioned contributions shall be made prior to December 31 of each
calendar year. 
  

	
	Very truly yours,
	
	 /s/ Michael B. Kahane

	Michael B. KahaneExhibit 10.17

March 4, 2004

John Laurinaitis
 515 19th Street South
 Palm Harbor, Florida  34683

Dear John:

On behalf of World Wrestling Entertainment, Inc., I am pleased to extend the following offer of employment to you.

	
  
 
  	
  
Title:
  	
  
 
  	
  
Vice President, Talent Relations
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Location:
  	
  
 
  	
  
Corporate Headquarters
  
	
  
 
  	
  
 
  	
  
 
  	
  
1241 East Main Street
  
	
   
  	
  
 
  	
  
 
  	
  
Stamford, CT    06902
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Department:
  	
  
 
  	
  
Talent Relations
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Reporting
  	
  
 
  	
  
Vince McMahon
  
	
  
 
  	
  
Relationship:
  	
  
 
  	
  
Chairman of the Board
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Start Date:
  	
  
 
  	
  
June 4, 2004
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Base Compensation:
  	
  
 
  	
  
$350,000 base salary, which will be paid bi-weekly,   in the amount of $13,461.54.  You will   be eligible for a salary increase, based upon your performance evaluation, in   calendar year 2005.  Our current   review date is June 1st.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Sign-on Bonus:
  	
  
 
  	
  
$500,000 less applicable deductions payable on the   first pay date following 30 days of employment. If you voluntarily terminate   employment with WWE or are terminated by WWE for cause within one year of   your date of hire, you must reimburse WWE 100% of your sign-on bonus.  Reimbursement is due within 10 days   following last day of employment.
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Incentive Bonus:
  	
  
 
  	
  
You are eligible to participate in the WWE   Management Incentive Program. This program is based upon your performance   evaluation and achievement of fiscal year company/business unit financial   goals. Currently, the target bonus for your level of position is 20%. Bonus   payments are made after the close of the fiscal year (May 1 – April 30).  You will be eligible for an incentive   bonus payment in 2005.
  

	
  
 
  	
  
Stock Options:
  	
  
 
  	
  
You will be granted options to purchase 20,000   shares of Class A Common Stock of World Wrestling  Entertainment, Inc., at an exercise price equal to the closing   price on June 4, 2004.  Your stock   options will vest, or become exercisable 25% on the first anniversary and in   equal installments thereafter each month of your employment over four   years.  A copy of the LTIP will be   provided to you on your start date.
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Benefits:
  	
  
 
  	
  
You will continue to be eligible for full company   benefits including : Medical, Dental, Life, LTD and 401(k) plan.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Vacation:
  	
  
 
  	
  
Three (3) weeks vacation and three (3) personal   days.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Relocation:
  	
  
 
  	
  
WWE, Inc. will provide you with the following:
  
	
   
  	
  
 
  	
  
 
  	
  
 
  

	
  
 
  	
  
•
  	
  
Temporary housing in a 2 bedroom, fully furnished   apartment for up to (1) one year
  
	
  
 
  	
  
•
  	
  
Up to Two (2) house hunting trips for you and your   family from Tampa, Fl.
  
	
  
 
  	
  
•
  	
  
WWE will reimburse you for expenses on the purchase   of your new home including moving expenses and legal and administrative   fees.  Excludable items are sales   commission and loan points.  Where   applicable any amounts paid to you will be grossed up to offset the impact of   taxes.  All expenditures will need to   be properly documented in keeping with IRS regulations.
  
	
  
 
  	
  
•
  	
  
If you voluntarily terminate employment with WWE,   Inc. or are terminated by WWE for cause within one year of your relocation   start date, you must reimburse WWE, Inc. 100% of the relocation costs   incurred by WWE on your behalf.    Reimbursement is due within 10 days following last day of employment.
  

	
  
 
  	
  
Severance:
  	
  
 
  	
  
If your employment is terminated by World Wrestling   Entertainment, Inc. “without cause”, (“cause” is defined as (i) engaging in   fraud, deceit, misappropriation, embezzlement or theft against WWE or any of   its affiliates; (ii) willfully failing to perform specific and lawful   directives; (iii) being convicted, pleading or entering a plea of nolo   contendere to a felony, you will receive the following:
  

	
  
 
  	
  
a.
  	
  
12 months salary continuation at your then current   rate of base salary;
  
	
  
 
  	
  
b.
  	
  
Your stock options will continue to be exercisable   one (1) year from the date of termination as per the LTIP
  

  
2

	
  
 
  	
  
c.
  	
  
All Medical benefits at terms and condition no less   favorable than as in effect at the time of your termination for your duration   of your salary continuation
  
	
  
 
  	
  
d.
  	
  
Expenses associated with the moving of your   household goods back to Florida
  

	
  
 
  	
  
Confidentiality/
   Non-Solicitation
   Agreement:
  	
  
 
  	
  
Enclosed please find a Confidentiality/Non-Solicitation   Agreement to be signed and returned to the Human Resources Department.
  

Your employment relationship with WWE, Inc. will be “at will.”  This means that either you or WWE can end your employment at any time, for any reason.

On behalf of World Wrestling Entertainment, Inc., we are very pleased that you have accepted this offer and look forward to you joining our team.  If you have any questions, please do not hesitate to give me a call at (203) 353-5016.

Please fax a signed copy of this letter to my attention
 by Thursday, April 1, 2004.  The fax number is (203) 359-5151.

Sincerely,

NICOLE ZUSSMAN
 Vice President Human Resources 

	
  
/s/ JOHN LAURINAITIS
  	
  
 
  	
  
March 4, 2004
  
	
  

  	
  
 
  	
  
Date
  
	
  
John Laurinaitis
  	
  
 
  	
  
 
  

Enclosure

  
3Exhibit 10.18

July 1, 2003

Thomas Barreca
 1 Duck Pond Rd
 Westport, CT  06880

Dear Tom:

On behalf of World Wrestling Entertainment, Inc., I am pleased to extend the following offer of employment to you.

	
  
 
  	
  
Title:
  	
  
 
  	
  
SVP, WWE Enterprises
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Location:
  	
  
 
  	
  
Corporate Headquarters
  
	
  
 
  	
  
 
  	
  
 
  	
  
1241 East Main Street
  
	
   
  	
  
 
  	
  
 
  	
  
Stamford, CT    06902
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Department:
  	
  
 
  	
  
WWE Enterprises
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Reporting
  	
  
 
  	
  
Linda McMahon
  
	
  
 
  	
  
Relationship:
  	
  
 
  	
  
Chief Executive Officer
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Start Date:
  	
  
 
  	
  
July 29, 2003
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Base Compensation:
  	
  
 
  	
  
$275,000 base salary, which will be paid bi-weekly,   in the amount of $10,576.92.  You will   be eligible for a salary increase, based upon your performance evaluation, in   calendar year 2004.  Our current   annual performance review is June 1st.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Sign-on Bonus:
  	
  
 
  	
  
$25,000 less applicable deductions payable on the   first pay date following 30 days of employment. If you voluntarily terminate   employment with WWE within one year of your date of hire, you must reimburse   WWE 100% of your sign-on bonus.    Reimbursement is due within 10 days following last day of employment.
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Incentive Bonus:
  	
  
 
  	
  
You are eligible to participate in the WWE   Management Incentive Program.  This   program is based upon your performance evaluation and achievement of fiscal   year company/business unit financial goals.    Currently, the target bonus for your level of position is 30%.  Bonus payments are made after the close of   the fiscal year (May 1 – April 30).    You will be eligible for a full-year incentive bonus payment in   FY2004.
  

	
  
 
  	
  
Stock Options:
  	
  
 
  	
  
You will be granted options to purchase 30,000   shares of Class A Common Stock of World Wrestling  Entertainment, Inc., at an exercise price equal to the closing   price on the first day of your employment.    Your stock options will vest over four years according to the   following schedule: 25% after the first year and monthly thereafter for the   remaining 75%.  A copy of the LTIP   will be provided to you on your start date.
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Benefits:
  	
  
 
  	
  
You will be eligible for full company benefits on   the first day of the month following your date of hire.  Company benefits include: Medical, Dental,   Life, LTD and 401(k) plan.  Detailed   information regarding the benefits is included in the enclosed offer packet.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Vacation:
  	
  
 
  	
  
1 week vacation and 2 personal days in 2003 and 3   weeks vacation and 3 personal days thereafter. See vacation policy included   in the offer packet for more details.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
Severance:
  	
  
 
  	
  
If your employment is terminated by World Wrestling   Entertainment, Inc. “without cause”, (“cause” is defined as (i) engages in   fraud, deceit, misappropriation, embezzlement or theft against WWE or any of   its affiliates; (ii) willfully fails to perform specific and lawful   instructions; (iii) is convicted, pleads or enters a plea of nolo contendere   to a felony), you will receive the following:
  

	
  
 
  	
  
a.
  	
  
During the first year of employment, 12 months   salary continuation at your then current rate of base salary;
  
	
  
 
  	
  
b.
  	
  
During the second year of employment and thereafter,   9 months salary continuation at your then current rate of base salary;
  
	
  
 
  	
  
c.
  	
  
All Medical benefits at terms and condition no less   favorable than as in effect at the time of your termination for the duration   of your salary continuation.
  

	
  
 
  	
  
Confidentiality/
   Non-Solicitation
   Agreement:
  	
  
 
  	
  
Enclosed please find a   Confidentiality/Non-Solicitation Agreement to be signed and returned to the   Human Resources Department.
  

2

This offer is contingent upon clear reference and background checks and satisfaction of the Immigration Control and Reform Act requirements. Your employment relationship with WWE, Inc. will be “at will.”  This means that either you or WWE can end your employment at any time, for any reason.

On behalf of World Wrestling Entertainment, Inc., we are very pleased that you have accepted this offer and look forward to you joining our team.  If you have any questions, please do not hesitate to give me a call at (203) 353-5016.

Please fax a signed copy of this letter to my attention by Thursday, July 3rd, 2003.  The fax number is (203) 359-5151.

Sincerely,

NICOLE ZUSSMAN
 Vice President, Human Resources 

	
  /s/ THOMAS BARRECA
  	
   
  	
  July 3, 2003
  
	
  

  	
   
  	
  Date
  
	
  Thomas Barreca
  	
   
  	
   
  

3

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