Document:

Exh 1018A - FAR Sign-On Equity Agreement

		
			RESTRICTED STOCK SIGN-ON AWARD AND NON-COMPETITION AGREEMENT
		

		
			THIS RESTRICTED STOCK SIGN-ON AWARD AND NON-COMPETITION AGREEMENT (this "Agreement") is made effective as of November 5, 2021 by and between Frank A. Riddick, III (referred to hereinafter as "Executive") and World Wrestling Entertainment, Inc. (referred to hereinafter as the "Company"). Executive and the Company are collectively referred to hereinafter as the "Parties."
		

		
			WHEREAS, Executive is Executive Vice President, Chief Financial Officer and Chief Administrative Officer of the Company under the terms and conditions of an Employment Agreement, dated November 3, 2021 and effective November 5, 2021 (the “Employment Agreement”);  
		

		
			WHEREAS, the Company wishes to effectuate the equity compensation to the Executive provided for in Section 3(e)(i) of the Employment Agreement;
		

		
			WHEREAS, Executive acknowledges that by virtue of his position at the Company, he is highly compensated, and he has access to much of the Company's most important business information. Such business information includes, but is not limited to, the Company's business strategies, marketing strategies, future plans, financial information, employee costs, vendor contracts, event planning, programming planning, computer systems, and other confidential data; and
		

		
			WHEREAS, Executive acknowledges and agrees that if he joined or provided services to a competitor of the Company, the Company would suffer hardship and such hardship would be difficult, if not impossible, to quantify in monetary damages;
		

		
			NOW, THEREFORE, for the consideration described herein, the receipt and sufficiency of which is acknowledged, Executive and the Company hereby agree as follows:
		

		
			1. Certain Definitions. Unless otherwise defined herein, each capitalized term used in this Agreement shall have the meaning ascribed to that term in the 2016 Omnibus Incentive Plan (the "Plan"). The following capitalized terms shall have the respective meanings set forth below:
		

		
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				 (a)
			

			
	
			
			"Business Partner" shall have the meaning ascribed thereto in Section 8. 

			
	
			
				 (b)
			

			
	
			
			"Cause" shall have the same meaning as “cause” set forth in Section 4(d) of the Employment Agreement. The inclusion of "failed to substantially perform his duties" in this definition of “Cause” is expressly excluded for purposes of the Clawback provided in Section 12. Such exclusion shall not affect any other rights of the Company under any other clause of the definition of "Cause".

			
	
			
				 (c)
			

			
	
			
			"Change in Control" shall have the meaning ascribed to that term in Section 2.07 of the Plan.

			
	
			
				 (d)
			

			
	
			
			"Competitive Activity" shall have the meaning ascribed thereto in Section 7.

			
	
			
				 (e)
			

			
	
			
			"Competitor" shall have the meaning ascribed thereto in Section 7.

			
	
			
				 (f)
			

			
	
			
			"Confidential Information" shall have the meaning ascribed thereto in Section 10.

			
	
			
				 (g)
			

			
	
			
			"Dividend Units" shall have the meaning ascribed thereto in Section 4.

		 

		

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				 (h)
			

			
	
			
			"Executive Account" shall have the meaning ascribed thereto in Section 2(b).

			
	
			
				 (i)
			

			
	
			
			“Good Reason” shall have the same meaning as “good reason” set forth in Section 4(c) of the Employment Agreement.

			
	
			
				 (j)
			

			
	
			
			"Market Price" shall have the meaning ascribed thereto in Section 4.

			
	
			
				 (k)
			

			
	
			
			"Non-Compete Period" shall have the meaning ascribed thereto in Section 7.

			
	
			
				 (l)
			

			
	
			
			"Non-Solicit Period" shall have the meaning ascribed thereto in Section 8. 

			
	
			
				 (m)
			

			
	
			
			"Other Executive Obligations" shall mean any confidentiality, non-disparagement, work for hire or other agreement, Company policy, Code of Conduct (including, without limitation, any conflict of interest policies included therein) or plan to which the Executive is now or may in the future be a party or be subject.

			
	
			
				 (n)
			

			
	
			
			"Prospective Business Partner" shall have the meaning ascribed thereto in Section 8.

			
	
			
				 (o)
			

			
	
			
			"RSU" shall mean a Restricted Stock Unit under which Executive shall have the right to receive Shares and Dividend Units and other dividends and distributions thereon, accruing as a result of such RSU, upon vesting based on time vesting requirements.

			
	
			
				 (p)
			

			
	
			
			"Shares" shall mean the shares of the Company's Class A Common Stock, including and  such shares issuable upon the vesting of an RSU or Dividend Unit.

			
	
			
				 (q)
			

			
	
			
			"WWE Affiliates" shall have the meaning ascribed thereto in Section 8.

		
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			2. Grant of RSUs; Restrictions
		

			
	
			
				 (a)
			

			
	
			
			Subject to all terms and conditions of the Plan and of this Agreement, the Company hereby grants to Executive those RSUs listed in Exhibit A to this Agreement as of the effective date hereof.

			
	
			
				 (b)
			

			
	
			
			Each RSU shall be recorded in an RSU bookkeeping account maintained by the Company in the name of Executive (the "Executive Account"). The Company's obligations under this Agreement shall be unfunded and unsecured, and no special or separate fund shall be established and no other segregation of assets shall be made. The rights of Executive under this Agreement shall be no greater than those of a general unsecured creditor of the Company. Executive shall have no rights as a stockholder of the Company by virtue of any RSU unless and until such RSU vests and resulting Shares are issued to Executive, and

			
	
			
				 i.
			

			
	
			
			All terms and conditions stated in the Plan and all those stated in this Agreement 
shall apply to each RSU and Dividend Unit; and

			
	
			
				 ii.
			

			
	
			
			No RSU or Dividend Unit may be sold, transferred, pledged, hypothecated or otherwise encumbered or disposed by Executive; and

		 

		

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				 iii.
			

			
	
			
			Each RSU and Dividend Unit shall remain restricted and subject to forfeiture unless and until it has vested in Executive in accordance with the Plan and this Agreement.

		
			3. Vesting
		

			
	
			
				 (a)
			

			
	
			
			Time Vesting. The RSUs shall vest as stated in Exhibit A. Associated Dividend Units and other dividends and distributions thereon, shall vest as provided in Section 4(ii).

			
	
			
				 (b)
			

			
	
			
			Vesting upon Termination by Executive for Good Reason or by Company without Cause. In the event that Executive resigns for Good Reason or the Company terminates the Executive without Cause prior to their vesting, all RSUs and related Dividend Units shall vest immediately.

			
	
			
				 (c)
			

			
	
			
			Change in Control Vesting. None of the RSUs awarded under this Agreement shall be subject to accelerated vesting upon certain triggering events following a Change of Control as otherwise contemplated by Section 8.03 of the Plan.

			
	
			
				 (d)
			

			
	
			
			Effects of Vesting. With respect to each RSU and Dividend Unit that vests, the Company shall, within a reasonable time after the vesting, and in no event more than thirty (30) days later, issue one Share to Executive without restrictions except as expressly relate to the Shares under the Plan or this Agreement. Any such issuance shall be subject to all laws (including without limitation those governing withholding of taxes and those governing securities and transfer thereof).

		
			4.Dividend Units; Vesting. With respect to each RSU, whether or not vested, that has not been forfeited, the Company shall, with respect to any cash dividends paid to Shares (based on the same record and payment date as the dividends paid on such Shares) accrue into the Executive Account the number of Shares (“Dividend Units”) as could be purchased with the aggregate dividends that would have been paid with respect to such RSU if it were an outstanding Share (together with any other cash accrued in the Executive Account at that time) at the price per Share equal to the closing price on the New York Stock Exchange (NYSE) (or a comparable price, if the Shares are not then listed on the NYSE) (the “Market Price”) on the date of the dividend payment. These Dividend Units thereafter (i) will be treated as RSUs for purposes of future dividend accruals pursuant to this Section 4; and (ii) will vest in such amounts (rounded to the nearest whole Dividend Unit) at the same time as the RSUs with respect to which such Dividend Units were received. Any dividends or distributions on Shares paid other than in cash shall accrue in the Executive Account and shall vest, if at all, at the same time as the RSUs in respect of which they are made (in each case in the same form, based on the same record date and at the same time, as such dividend or other distribution is paid on such Share).
		

		
			5.Forfeiture. Upon termination of Executive’s employment (regardless of whether caused by resignation, termination by the Company, death, disability, following a Change of Control or otherwise), each RSU, Dividend Unit and other remaining accruals hereunder in the Executive Account, in each case that is not then eligible to vest under Section 3 and/or 4 as a result of such termination of employment, shall be forfeited by the Executive to the Company. Executive shall thereafter have no right, title or interest whatsoever in such unvested RSUs, Dividend Units or any other accruals and Executive shall immediately return to the Secretary of the Company any and all documents representing such forfeited items.
		

		

		

		 

		

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		6.Terms Subject to Plan. Terms and conditions of this Agreement relating to RSUs and Dividend Units shall be, and shall be construed as, consistent in all respects with all terms, conditions and provisions of the Plan.
		

		
			7.Non-Competition. Executive agrees that during Executive’s employment with the Company and for a period of twelve (12) months after his last day of employment with the Company (the “Non-Compete Period”), Executive will not, without the prior written consent of the Company, directly or indirectly, be (or attempt to be) employed by, perform (or attempt to perform) consulting services, be a director, officer, agent, partner or representative of, for or otherwise provide any assistance or services to any company, business, person or entity (hereinafter, a “Competitor”) that is engaged in the business of organizing, producing, promoting or distributing (via television, home video, Internet, mobile devices or any other means of transmitting audio visual materials) professional wrestling programming within the United States of America or in other countries in which the Company delivers television programming or other audio video materials or performs live events (hereinafter, collectively, “Competitive Activity”).
		

		
			Executive also agrees that during the Non-Compete Period, Executive shall not engage in any action in furtherance of any Competitive Activity, such as, but not limited to: (i) provide any business-related assistance or services to any officer, director, shareholder, member, employee, representative or agent of any Competitor; (ii) develop or assist in developing any sports and/or entertainment programming or live events with anyone engaged in a Competitive Activity; or (iii) pursue any other activity for the purpose of engaging in Competitive Activity.
		

		
			8.Non-Solicitation of Company Business Partners. Executive agrees that during Executive's employment with the Company and for a period of twelve (12) months after his last day of employment with the Company (the "Non-Solicit Period"), Executive will not, without the prior written consent of the Company, directly or indirectly (including, without limitation, through any Competitor) solicit, encourage or induce any Business Partner or Prospective Business Partner of the Company or any of Company's subsidiaries or affiliates (hereinafter the, "WWE Affiliates") to turn down, terminate or reduce a business relationship with the Company and/or any WWE Affiliate. For the purposes of this Agreement, a "Business Partner" shall be defined as any person, company, customer, supplier, licensee or any other entity that has sold, purchased or provided services or products to the Company or any WWE Affiliate within twelve (12) months prior to Executive's last day of employment at the Company. For the purposes of this Agreement, a "Prospective Business Partner" shall be defined as any person, company, customer, supplier, licensee or any other entity that has solicited or received a written proposal from the Company or any WWE Affiliate to sell, purchase or provide any services or products during the twelve (12) months prior to Executive's last day of employment at the Company.
		

		
			9.Non-Solicitation of Company Employees. Executive agrees that during the Non-Solicit Period, Executive will not, without the prior written consent of the Company, directly or indirectly (including, without limitation, through a Competitor): (a) hire or attempt to hire, solicit or attempt to solicit, recruit or attempt to recruit, induce or attempt to induce, or procure or attempt to procure, any Company Employee to work for or provide services to any entity other than the Company; (b) assist in the hiring of any Company Employee by any Competitor; (c) encourage or induce any Company Employee to terminate his or her employment with the Company; or (d) be engaged in any Competitive Activity with any Company Employee. For purposes of this Agreement, "Company Employee" shall mean any person who is or was an employee, consultant or contractor of the Company or any WWE affiliate at any time during the twelve (12) months prior to Executive's last day of employment with the Company.
		

		

		

		 

		

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		10.Nondisclosure. Executive acknowledges that during the course of his employment with the Company, Executive has and will continue to receive Confidential Information (as defined herein). Executive agrees that he shall not at any time, whether during or after his employment at the Company, reveal to any Competitor or any other person or entity any Confidential Information except to employees of the Company who need to know such Confidential Information for the purposes of their employment, or as otherwise authorized by the Company in writing. The term "Confidential Information" shall mean: all trade secrets of the Company and all confidential and/or proprietary knowledge, data or information of the Company that has been designated as confidential by the Company, or reasonably should be understood by Executive to be confidential, including, without limitation, any business plans, marketing plans, contracts, financial statements, compensation data, pricing strategies, costs, customers and potential customers, vendors and potential vendors, marketing information, administrative and accounting systems, business results and track record, documents, notes, software, hardware, databases, processes, procedures, technologies, designs, concepts, ideas, formulas and information pertaining to pending projects and proposals. "Confidential Information" also includes confidential information of third parties, including not limited to, WWE Affiliates, made available to the Company on a confidential basis. "Confidential Information" shall not include information that has become generally known to the public without breach of any obligation of confidentiality by Executive or any third party. Executive shall not use, disclose or attempt to use or disclose any Confidential Information except as may be required in the ordinary course of performing his duties to the Company.
		

		
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			Nothing contained herein prohibits Executive from: (1) reporting possible violations of federal law or regulations, including any possible securities laws violations, to any governmental agency or entity; (2) making any other disclosures that are protected under the whistleblower provisions of federal law or regulations; or (3) otherwise fully participating in any federal whistleblower programs, including but not limited to any such programs managed by the U.S. Securities and Exchange.
		

		
			11.Immediate and Irreparable Harm and Injunctive Relief. The Parties hereby acknowledge and agree that Executive's obligations under Sections 7 through 10 of this Agreement are reasonably necessary to protect the Company's Confidential Information and the goodwill of the Company's business. Accordingly, the Parties further agree that any actual or threatened breach of this Agreement will cause immediate and irreparable harm to the Company and will cause damages that are difficult, if not impossible, to quantify. Therefore, Executive agrees that in the event of such a breach or threatened breach, the Company will be entitled to, in addition to any other remedies and damages available, an injunction to restrain any such breach or threatened breach, and all persons acting for and/or in concert with Executive. Executive also agrees that the Company shall not be required to post any bond to seek or secure such injunctive relief. Executive further agrees to be subject to the exclusive jurisdiction of the State and federal courts of Connecticut as provided in Section 18 below with respect to any such action for injunctive relief. Executive and the Company agree that in any such action to enforce this Agreement, each party will bear his own legal costs and attorney's fees in the prosecution or defense of such action. The Non-Compete Period and Non-Solicit Period described in this Agreement will not expire, and will be tolled, during any period in which Executive is in violation of any of his obligations set forth in Sections 7 through 10 above and all obligations set forth in Sections 7 through 10 above automatically will be extended by the time period that Executive was in violation of any such obligation. Executive agrees that the Non-Compete Period and the Non-Solicit Period are reasonable and appropriate to protect the legitimate business interests of the Company.
		

		

		

		 

		

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		12.Clawback of Restricted Stock Award. Executive agrees that if he breaches any of his obligations set forth in this Agreement or the Executive's employment is terminated for Cause, in addition to (i) injunctive relief pursuant to Section 11 and (ii) the immediate forfeiture of any RSUs and Dividend Units pursuant to Section 5, Executive shall be obligated (x) to deliver to the Company the number of Shares that have theretofore been issued as a result of the vesting of RSUs and Dividend Units (net of any withholding taxes paid by Executive through the withholding of Shares pursuant to Section 14) hereunder and that are then held by Executive together with a cash payment equal to the aggregate amount of cash dividends or other distributions, if any, paid thereon and (y) for any number of such Shares that are no longer held by the Executive, the Executive shall pay to the Company an amount equal to the highest of (A) the gross proceeds received by the Executive from the sale of such Shares, (B) the aggregate Market Price of all such Shares on the last day they were held by the Executive, or (C) the aggregate Market Price of all such Shares on the day the payment is to be made to the Company, and in each of cases (A), (B) or (C) all cash dividends or other distributions, if any, received on such Shares. WWE shall also retain all rights and remedies beyond those listed above that are available under law, equity or other Company policy relating to clawbacks. The clawback of the Restricted Stock Award provided for in this Section 12 is intended and shall be deemed to be a contractual obligation of Executive and is not intended and shall not be deemed to be liquidated damages.
		

		
			13.No Continuation of Employment. This Agreement shall not give Executive any right to employment or continued employment, and the Company may terminate Executive's employment or otherwise treat Executive without regard to any effect such termination may have upon Executive under this Agreement.
		

		
			14.Taxes. Executive shall be liable for any and all income taxes hereunder. Taxes may include but not be limited to withholding taxes and any related social security contributions or other government required holdings, arising out of this grant or the vesting of RSUs and/or Dividend Units or other distributions, if any, on Shares issued hereunder. Executive may elect to satisfy such withholding tax obligation by having the Company retain Shares having an aggregate Market Price equal to the Company's minimum withholding obligation.
		

		
			15.Executive Acknowledgements and Consents.
		

		
			(a) Rights of Executive. By signing this Agreement, Executive agrees to the following:
		

		
			(i) Executive shall have no entitlement to any compensation or damages as a result of any loss or diminution in value of the RSUs or Dividend Units, including without limitation as a result of termination of Executive’s employment by the Company (for any reason whatsoever including whether or not for Cause) and, if (notwithstanding the foregoing) any such claim is found by a court of competent jurisdiction to have arisen, then Executive, by signing this Agreement, shall be deemed irrevocably to have waived entitlement to pursue such claim;
		

			
	
			
				 (ii)
			The RSUs and related Dividend Units are not part of normal or expected compensation, salary or fee for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; and

		
			(iii) participation in the Plan is voluntary and occasional and does not create any contractual or other right to future participation in the Plan, or benefits in lieu of participation in the Plan, even if participation is or has been offered repeatedly.
		

		

		

		 

		

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		(b) Data Protection. By signing this Agreement, Executive consents to the collection, use and transfer of personal data as described in this section. Executive understands that the Company and its Affiliates hold certain personal information about the Executive, including the Executive’s name, home address and telephone number, date of birth, social security number, salary, nationality, job title, any shares or directorship held in the Company, details of all Awards or other entitlement to shares awarded, cancelled, exercised, vested, unvested, or outstanding in the Executive’s favor (“Data”). Executive further understands that the Company and its Affiliates will transfer Data as necessary for the purposes of the Award included in this Agreement and may further transfer Data to any third parties assisting the Company and/or its Affiliates in relation to the Plan. Executive understands that recipients of Data may be located in the European Economic Area or elsewhere, including the United States of America. Executive authorizes recipients (including the Company) to receive, possess, use, retain and transfer the Data (including any requisite transfer to a broker or other third party with whom Executive may elect to deposit any Shares of such Data as may be required for the subsequent holding of Shares on Executive’s behalf), in electronic or other form, for the purposes of implementing, administering and managing participation in the Plan.
		

		
			16.Severability. Executive agrees that each provision and the subparts of each provision herein shall be treated as separate and independent clauses, and the unenforceability of any one clause shall in no way impair the enforceability of any of the other clauses of this Agreement. If one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to scope, activity, subject or otherwise so as to be unenforceable at law, the Parties hereby jointly request that such provision or provisions be interpreted and/or modified so as to be enforceable to the maximum extent compatible with the applicable law. In the event that such provision or provisions cannot be so interpreted or modified, then it shall be deemed to be null and void and the remainder of this Agreement shall remain in full force and effect unless such nullification fundamentally frustrates the purpose of this Agreement, in which case the entire Agreement shall be deemed void ab initio. 
		

		
			17.Amendments and Waiver. Any amendment to or modification of this Agreement, or any waiver of any provision hereof, must be in writing and signed by the Executive and the Company. Any waiver or alleged waiver by the Company of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach of such provision or any other provision hereof.
		

		
			18.Governing Law; Jurisdiction. This Agreement and any claims arising out of or relating to this Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut and shall in all respects be interpreted, enforced and governed under the internal and domestic laws of such state, without giving effect to the principles of conflicts of laws of such state. If any dispute arises with respect to this Agreement or any matter hereunder, (x) such dispute shall be submitted to the exclusive jurisdiction of the Federal or state courts sitting in the State of Connecticut, with each party waiving any defense to such venue; and (y) each party irrevocably waives its right to a jury trial.
		

		
			19.Legally Enforceable Contract and Opportunity to Consult Counsel. Executive acknowledges that he has been informed that this Agreement constitutes a legally enforceable contract and that if Executive signs this Agreement, it will impose binding legal obligations on him. Executive also acknowledges that he has been advised to consult with an attorney of his choice regarding this Agreement and that Executive has received a full and fair opportunity to confer with such counsel. Executive further acknowledges that he has decided to enter into this Agreement voluntarily of his free will, without duress or coercion, on the date indicated below.  
		

		

		

		 

		

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		20.Interpretation and Construction. Executive acknowledges and agrees that he and his attorney have received a fair opportunity to review and comment on the provisions of this Agreement. Accordingly, Executive agrees that the language of all parts of this Agreement shall in all cases be construed as a whole according to its fair meaning and not strictly for or against either of the Parties. 
		

		
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			IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the day and year first written above.
		

		
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			/s/ FRANK A. RIDDICK III
		

		
			Frank A. Riddick, III
		

		
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			WORLD WRESTLING ENTERTAINMENT, INC.
		

		
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			By: /s/ VINCENT K. MCMAHON
		

		
			Vincent K. McMahon
		

		
			Chairman & CEO
		

		
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			and
		

		
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			By: /s/ MAN JIT SINGH
		

		
			Man Jit Singh
		

		
			Chair of Compensation Committee
		

		

		

		 

		

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			Exhibit A
		

		
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			84,650 RSUs which vest in four equal annual installments of 21,162.5 shares each beginning June 30, 2022.
		

		 

		

			9Exh 1019 - KS Separation Agreement

		

			

		

		

			 

		

		
			CONFIDENTIAL
		

		
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			November 5, 2021
		

		
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			Kristina Salen
		

		
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			Re:Separation from Employment
		

		
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			Dear Kristina:
		

		
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			This letter agreement (the “Agreement”) sets forth the terms and conditions of the termination of your employment with World Wrestling Entertainment, Inc., including its current and former subsidiaries and affiliated entities (collectively “WWE”).  
		

		
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			Your employment with WWE is terminated effective November 5, 2021  (the “Termination Date”).  You hereby confirm that you have resigned from WWE and from the Boards of Directors of WWE’s subsidiaries.
		

		
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				 1.
			

			
	
			
			WWE will provide you with:

		
			a.your regular salary, less applicable withholdings and deductions, through your Termination Date in accordance with WWE’s regular payroll procedures and dates;
		

		
			b.         a lump-sum payment, less applicable withholdings and deductions, which represents the value of your accrued, unused vacation as of the Termination Date, if any; and
		

		
			c.written notification in a separate letter regarding your eligibility for continued group health insurance coverage after the Termination Date pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) and at your own expense.
		

		
			d.Equity Vesting:  Pursuant to the terms of the WWE Omnibus Incentive Plan, all unvested Restricted and Performance Stock units, if any, are hereby forfeited.      
		

		
			2.In consideration for signing this Agreement, not revoking this Agreement as set forth herein, and complying with the promises, covenants and releases set forth in this Agreement, WWE will provide you with the following payments and other benefits in the manner specified in this Agreement.  This Agreement is entered into to amicably resolve potential disputes between you and WWE, and therefore, it is not, and may not be cited as, and does not constitute any admission by WWE or you of any violation of any law or legal obligation 
		

		 

 

		with respect to any aspect of your employment or termination from employment.  Furthermore, nothing in this Agreement shall be construed to limit WWE’s rights and remedies.
		

		
			a.            Salary and Benefit Continuation: After the Termination Date and seven (7) days following your acceptance and execution of this Agreement (within which you have not revoked that acceptance), and after confirmation that you have returned any and all WWE-owned property to Human Resources, you will be paid 12 months of your base salary (on a bi-weekly basis) as of the Termination Date, less applicable withholdings and deductions, in accordance with WWE’s regular payroll procedures and dates (“Salary Continuation Period”).  During the Salary Continuation Period, to the extent that you remain eligible for, and on the condition that you timely elect, group health insurance coverage continuation pursuant to COBRA, WWE shall pay the portion of your COBRA premium in the same percentage as it previously paid toward your health insurance premium during your employment.  All other employee benefits shall cease immediately as of your Termination Date.
		

		
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			b.COBRA after the Salary Continuation Period:  After the Salary Continuation Period, you will be afforded COBRA coverage in accordance with applicable law at your cost.
		

		
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			c.MIP Bonus Payment: In addition to those payments and benefits set forth
		

		
			above, you are eligible for a payment which is intended to offset partially the bonus payment you may otherwise have received had you remained eligible for WWE’s 2016 Omnibus Incentive Plan. The payment is currently estimated to be $431,200, calculated at a 1.41 performance achievement level.  The final calculation will depend on WWE’s annual results, and the bonus payment will be calculated at the performance achievement level determined by the Compensation Committee for executive bonus payments. Any such payment will be made at the standard time that WWE determines then active employee bonuses, and in any event no later than March 31, 2022, and will use the same factors which would otherwise have been applied if you had remained employed through this calendar year. The amount, if any, will then be pro-rated to your Termination Date, and will be subject to ordinary withholdings and deductions.
		

		
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			d.Cash payment to offset value of unvested RSUs:  As further consideration for this Agreement, you will receive a payment of $413,000 to offset the value of the unvested Restricted Stock Units that were forfeited on the Termination Date.  The payment will be made in a lump sum at the same time the payment set forth in Paragraph 2(c) of this Agreement is made. 
		

		
			 
		

		
			3.In consideration of the payments and benefits described above, you hereby waive, release and forever discharge WWE, and its parents, subsidiaries, and related entities, and its and their respective current and former predecessors, successors, parents, subsidiaries, assigns, representatives, agents, attorneys, contractors, shareholders, officers, principals, directors and employees, either individually and/or in their official capacities (collectively, “WWE Parties”), from any and all claims of any kind or nature, debts, obligations, promises, covenants, agreements, contracts, suits, actions, causes of action, judgments, damages, expenses, demands, in law or in equity, known or unknown, suspected or unsuspected, which you ever had, now 
		

		 

		

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		have, or which you may have, against any of the WWE Parties arising from the beginning of the world until the date of your execution of this Agreement, including but not limited to all claims (whether known or unknown, suspected or unsuspected) arising out of or regarding your employment with or termination of employment from WWE, any claim for wages, salary, bonuses or benefits not expressly provided for in this Agreement, subject to applicable law, any contract (express or implied), any claim for equitable relief or recovery of economic, compensatory, punitive or other damages or monies, or attorneys’ fees; claims based on any tort; and all claims for alleged discrimination including, but not limited to, claims based upon age, race, color, sex, sexual orientation, gender identity, sexual harassment, marital status, religion, national origin, disability, or retaliation, including any claim, asserted or unasserted, which has arisen or which may arise under Title VII of the Civil Rights Act; the Equal Pay Act; the Age Discrimination in Employment Act; the Older Workers Benefit Protection Act; the Americans With Disabilities Act; the Genetic Information Nondiscrimination Act; any and all Civil Rights Acts; 42 U.S.C. § 1981; the Employee Retirement Income Security Act; the Family and Medical Leave Act; the Worker Adjustment and Retraining Notification Act; the Fair Credit Reporting Act; the Immigration Reform and Control Act; the Corporate and Criminal Fraud Accountability Act, 18 U.S.C. § 1514A, also known as the Sarbanes Oxley Act; the Connecticut Fair Employment Practices Act, the Connecticut Wage and Hour Statutes (to the maximum extent permissible under law), the Connecticut Family and Medical Leave Act, Connecticut General Statutes Section 31-51m, Connecticut General Statutes Section 31-51q;  any and all applicable Connecticut and any other state’s anti-discrimination and related statutes or any common law; and any other federal, state or local laws, rules, regulations or ordinances, whether equal employment opportunity laws, rules, regulations or ordinances or otherwise; any right or claim under any WWE severance, compensation, pension, welfare, or stock plans or policies (except those rights vested and accrued); and any claims based on any other statutory or common law right or theory.  
		

		
			4.(a) You warrant and represent that as of the date on which you execute this Agreement, you have not filed or caused to be filed any lawsuits, claims, complaints, actions, proceedings or arbitrations in any form or forum against any of the WWE Parties.  Pursuant to and as a part of your waiver, release and discharge of the WWE Parties as set forth herein, subject to the exceptions listed below, you agree, to the fullest extent permitted by law, not to sue or file a charge, complaint, grievance or demand for arbitration against any of the WWE Parties in any form or forum, or otherwise participate voluntarily in any claim, arbitration, suit, action, investigation or other proceeding which relates to any matter that involves any of the WWE Parties, and that arises out of facts or events which occurred at any time up to and including the date of your execution of this Agreement, unless required to do so by court order, subpoena or other directive by a court, administrative agency, arbitration panel or legislative body, or unless required to enforce this Agreement.  
		

		
			(b) Nothing in this Agreement shall prevent you (or your attorneys) from:  (i) commencing an action or proceeding to enforce or interpret this Agreement; (ii) filing a charge  of discrimination with or initiating and/or participating in any investigation conducted by any federal or state administrative agency, including, but not limited to, the Equal Employment Opportunity Commission, the Connecticut Commission on Human Rights and Opportunities, or any other applicable agency with jurisdiction; (iii) filing a complaint, or otherwise communicating, with the Securities and Exchange Commission; (iv) exercising your rights under 
		

		 

		

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		the Older Workers’ Benefit Protection Act of 1990 to challenge the validity of your waiver of claims arising under the Age Discrimination in Employment Act as set forth in Paragraph 3 of this Agreement; (v) enforcing your rights to indemnification that you have under WWE’s Amended and Restated By-Laws, dated October 14, 1999, as amended on May 17, 2002, or that you may have under the certificate of incorporation, any affiliate’s by-laws or equivalent governing documents of WWE or its subsidiaries or affiliates, or the laws of the State of Delaware or any other state of which such subsidiary or affiliate is a domicillary; (vi) enforcing your rights to insurance coverage under any directors’ and officers’ personal liability insurance or fiduciary insurance policy; and/or (vii) filing a factually accurate claim for unemployment insurance benefits.  However, to the extent any such action under (ii) may be brought by a third party or by you, you expressly waive any claim or right to any form of monetary or other damages in connection with any such action.    
		

		
			5.You understand and agree that you are not entitled to and would not receive the payments and benefits described above in Paragraph 2 unless you execute this Agreement, do not revoke your acceptance within seven (7) days, and comply with the terms of this Agreement.  You also acknowledge and agree that the payments and benefits described above in Paragraph 2 are adequate and sufficient consideration for all of your obligations under this Agreement.  You represent, warrant and acknowledge that you have reported all hours worked as of the date of this Agreement and have been paid for all such hours, and that WWE owes you no wages, commissions, bonuses, stock, stock options, restricted shares, other equity, sick pay, personal leave pay, severance pay, vacation pay or other compensation or benefits or payments or form of remuneration of any kind or nature, other than that specifically provided for in this Agreement.  In addition, you represent that you have no known workplace injuries or occupational diseases and have been provided and/or not been denied any leave to which you may have been entitled under the federal or state Family and Medical Leave Act.  You further represent that as of the date on which you execute this Agreement, you are not aware of any facts, events, incidents or omissions that could form the basis for you to make any claim against any of the WWE Parties arising under the Fair Labor Standards Act or under the federal or state Family and Medical Leave Acts.  
		

		
			6.Subject to your rights pursuant to Paragraph 4(b) above, you will not criticize or disparage any of the WWE Parties, or, to the maximum extent permitted by law, issue any communication, written or otherwise, that reflects adversely on any of the WWE Parties, except if testifying truthfully under oath pursuant to any lawful court order or subpoena or otherwise responding to or providing disclosures required by law.
		

		
			7.(a) You agree not to disclose, nor use for your benefit or the benefit of any other person or entity, any information received in connection with any of the WWE Parties which is confidential or proprietary and (i) which has not been disclosed publicly by WWE, (ii) which is otherwise not a matter of public knowledge or (iii) which is a matter of public knowledge but you know or have reason to know that such information became a matter of public knowledge through an unauthorized disclosure (“Confidential Information”).  Confidential Information shall include information the unauthorized disclosure or use of which would reduce the value of such information to any of the WWE Parties or otherwise damage any of the WWE Parties.  Such Confidential Information may include, without limitation, WWE’s client/vendor/talent lists, its trade secrets, story lines, plot plans, scripts, any confidential, private, personal or privileged 
		

		 

		

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		information about (or provided by) any of the WWE Parties, WWE talent or independent contractors, WWE employees or any client or prospective or former client of WWE, information concerning any of the WWE Parties’ business or financial affairs, including its/their books and records, commitments, procedures, plans and prospects, products developed by WWE or current or prospective transactions or business of WWE and any “inside information.”  
		

		
			(b) You hereby confirm that as of the Termination Date,  you have delivered to WWE and retained no copies of any written materials, records and documents (including those that are electronically stored) made by you or coming into your possession during the course of your employment with WWE, which contain or refer to any Confidential Information.  
		

		
			(c) You further confirm that as of the Termination Date, you will have delivered to WWE any and all property and equipment of WWE, including, but not limited to, laptop computers, smart phones and blackberry devices, which may have been provided to you and/or in your possession during your employment with WWE. 
		

		
			8.Subject to your rights pursuant to Paragraph 4(b) above, you agree not to disclose the terms or contents of this Agreement, any claims that you did raise or could have raised against any of the WWE Parties, or the facts and circumstances underlying this Agreement, except in the following circumstances:
		

		
			a.You may disclose the terms of this Agreement to a member of your immediate family, so long as such family member agrees to be bound by the confidential nature of this Agreement;
		

		
			b.You may disclose the terms of this Agreement to: (i) your tax advisors so long as such tax advisors agree in writing to be bound by the confidential nature of this Agreement; (ii) taxing authorities if requested by such authorities and so long as they are advised in writing of the confidential nature of this Agreement; or (iii) your legal counsel whom you choose to consult regarding this Agreement; and 
		

		
			c.Pursuant to the order of a court or governmental agency of competent jurisdiction, or for purposes of securing enforcement of the terms and conditions of this Agreement should that ever be necessary.
		

		
			WWE may disclose this Agreement in regulatory filings, including with the U.S. Securities and Exchange Commission.
		

		
			            9.Upon service on you, or anyone acting on your behalf, of any subpoena, order, directive or other legal process requiring you to engage in conduct encompassed within Paragraphs 6, 7 or 8 of this Agreement, you or your attorney shall immediately notify WWE of such service and of the content of any testimony or information to be provided pursuant to such subpoena, order, directive or other legal process and within two (2) business days send to the undersigned representative of WWE, via overnight delivery, a copy of said documents served upon you.
		

		
			          10.All payments or benefits under this Agreement are subject to any applicable employment or tax withholdings or deductions.  In addition, you and WWE hereby agree that it 
		

		 

		

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		is your mutual intention that all payments or benefits provided under this Agreement comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and this Agreement shall be interpreted accordingly.  You hereby are advised to seek independent advice from your tax advisor(s) with respect to the application of Section 409A of the Code to any payments or benefits under this Agreement.  Notwithstanding the foregoing, WWE does not guarantee the tax treatment of any payments or benefits under this Agreement, including without limitation under the Code, federal, state or local laws.
		

		
			11.You agree that if so requested by WWE after the Termination Date, you will provide assistance and cooperation as may be needed from time to time, including but not limited to providing, locating or obtaining information and documents concerning any of the WWE Parties about which you are knowledgeable.  You further agree that you will assist and cooperate with WWE in connection with the defense or prosecution of any claim that may be made against or by and/or involving any of the WWE Parties or in connection with any ongoing or future investigation or dispute or claim of any kind involving any of the WWE Parties, including any proceeding before any arbitral, administrative, judicial, legislative, or other body or agency, including testifying in any proceeding to the extent such claims, investigations or proceedings relate to services performed or required to be performed by you, pertinent knowledge possessed by you, or any act or omission by you.  You further agree to perform all acts and execute and deliver any documents that may be reasonably necessary to carry out the provisions of this Paragraph. 
		

		
			12.In the unfortunate event that you die during the Salary Continuation Period, as defined in Paragraph 2, any amounts that would have been paid to you had you lived will be paid in a lump sum to your designated beneficiary under the designation you made in your WWE benefit policy.
		

		
			13.If WWE reasonably determines that you have violated any of your obligations under this Agreement, or that any of your acts or omissions during your prior employment or in the future constituted or would constitute “cause” as defined in the WWE Severance Policy,  with the exception of the items set forth in Sections 3.1 e, m or n of that Policy, then WWE will be entitled to stop the continued salary and benefits provided in Paragraph 2, as well as seek repayment of any and all payments and benefits already then provided to you pursuant to Paragraph 2, plus any and all damages, costs and attorneys’ fees incurred by WWE in recouping such amounts.   Nothing herein shall diminish your rights pursuant to Paragraph 4(b) of this Agreement and any actions expressly authorized by Paragraph 4(b) shall not subject you to the provisions of this Paragraph.  
		

		
			14.This Agreement constitutes the entire agreement between WWE and you, except for (a) your grant to WWE of intellectual property interests in and to work product created by you during your employment at WWE, which is confirmed by the Intellectual Property Rider attached to this Agreement, (b) the Confidentiality/Non-Solicitation Agreement also attached to this Agreement, and (c) any clawback policy otherwise applicable to you.   Except as set forth in the attached documents, this Agreement supersedes and cancels all prior and contemporaneous written and oral agreements, if any, between WWE and you.  You affirm that, in entering into this Agreement, you are not relying upon any oral or written promise or statement made by anyone at any time on behalf of any of the WWE Parties, unless specifically set forth in this 
		

		 

		

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		Agreement. You agree and affirm that, as of the date of your execution of this Agreement, you have deleted or otherwise destroyed any information that may have existed on your personal electronic devices or otherwise in your personal possession that is confidential and/or proprietary to WWE.
		

		
			15.This Agreement is binding upon you and your successors, assigns, heirs, executors, administrators and legal representatives.
		

		
			16.If any of the provisions, terms or clauses of this Agreement is declared illegal, unenforceable or ineffective in a legal forum, you and WWE jointly request that such provision, term or clause be modified to the least extent necessary to render it legal, valid and enforceable.  If any such provision, term or clause of this Agreement cannot be so modified, then such provision, term or clause shall be deemed null, void and severable, such that all other provisions, terms and clauses of this Agreement shall remain valid and binding upon both parties, unless this would fundamentally frustrate the purpose of this Agreement.  This Agreement shall be interpreted under the laws of the State of Connecticut, without regard to conflict of law principles.
		

		
			17.You agree that in the event that you ever seek employment or re-employment with any of the WWE Parties, such party may refuse to employ or re-employ you for any reason or for no reason at all, and you may not and shall not file or pursue any demand, complaint, cause of action, or claim against any of the WWE Parties arising from or related to such refusal.  You also agree that the execution of this Agreement is good, sufficient and legal cause for any of the WWE Parties to reject any application by you for employment or re-employment with any of the WWE Parties.  Notwithstanding the foregoing, nothing herein precludes you from applying for a job with the WWE Parties in the future. In the event, however, that you accept, prior to the expiration of the Salary Continuation Period described herein, any future offer of employment or re-employment by WWE or an engagement as an independent contractor with WWE, you agree that any payments or benefits described herein that are outstanding as of the date of your acceptance of any such offer shall be forfeited, but that your obligations under this Agreement shall remain in full force and effect. 
		

		
			18.You and WWE agree that, except as otherwise provided below, in the event of any dispute related to or arising from this Agreement, such dispute shall be submitted to binding arbitration.  Any such arbitration shall be conducted in accordance with the American Arbitration Association (“AAA”) Rules for Employment Disputes then in effect, shall take place in Stamford, Connecticut, and shall be conducted before a single neutral arbitrator selected by the AAA.  In any such arbitration, in addition to any damages available under applicable law, the prevailing party shall be entitled to recover its attorneys’ fees and costs from the other party.  Nothing herein shall prohibit either party from seeking injunctive or equitable relief from the state or federal courts of Connecticut in an effort to prevent an actual or threatened breach of this Agreement or in an effort to obtain specific performance of the terms and conditions of this Agreement.  In any such injunction or equitable proceeding, the parties consent to be subject to the jurisdiction of the state and federal courts located in Connecticut and also consent to an award of attorneys’ fees and costs to the prevailing party.
		

		

		

		 

		

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		19.This Agreement may be executed separately, in separate counterparts, by you and  WWE, and such execution shall be valid and binding, just as if you and WWE each had signed the same original at the same time.
		

		
			20.Without detracting in any respect from any other provision of this Agreement: 
		

		
			a.In consideration of the payments and benefits provided to you as described in Paragraph 2 of this Agreement, you acknowledge and agree that this Agreement constitutes a knowing and voluntary waiver, release and discharge of all rights or claims you have or may have against any of the WWE Parties, including, but not limited to, all rights or claims alleging discrimination or retaliation under any federal, state or local laws; that you have no physical or mental impairment of any kind that has interfered with your ability to read and understand the meaning of this Agreement or its terms; and that you are not acting under the influence of any medication or mind-altering chemical of any type when entering into this Agreement.
		

		
			b.You understand that, by entering into this Agreement, you do not waive rights or claims that may arise after the date of your execution of this Agreement, including without limitation any rights or claims that you may have to enforce the terms and conditions of this Agreement.
		

		
			c.You agree and acknowledge that the payments and benefits provided to you as described in Paragraph 2 of this Agreement are in addition to anything of value to which you are already entitled.
		

		
			d.WWE hereby advises you that this Agreement is a legal document that imposes binding legal obligations on you.  Accordingly, you were advised to consult with an attorney of your own choice regarding the meaning of all terms and conditions set forth herein prior to executing this Agreement.
		

		
			e.You are hereby informed that you have twenty-one  (21) days from your initial receipt of this Agreement in which to review and consider this Agreement, although you have the right to execute it sooner.  Your execution of this Agreement signifies your acceptance of each and every term herein.
		

		
			f.You are further advised that you may revoke your acceptance of this Agreement within seven (7) calendar days from the date you sign this Agreement, in which case this Agreement shall become null and void and of no force or effect on either WWE or you.  In order to revoke this Agreement, your revocation must be in writing and postmarked, faxed or delivered by midnight on the 7th calendar day after this Agreement was signed by you.  This revocation must be sent to Jim Langham, Senior Vice President- Deputy General Counsel & Assistant Secretary, World Wrestling Entertainment, Inc., 1241 East Main Street, Stamford, CT 06902; james.langham@wwecorp.com.  The payments and benefits described above in Paragraph 2 of this Agreement will not be made until WWE receives the signed Agreement, without modification by you, and this seven (7) day revocation period has expired.
		

		

		

		 

		

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		21.This Agreement may not be changed or altered, except in writing, signed by WWE, through Jim Langham, Senior Vice President- Deputy General Counsel & Assistant Secretary, and you.    
		

		
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			YOU EXPRESSLY ACKNOWLEDGE AND REPRESENT THAT YOU HAVE READ THIS AGREEMENT CAREFULLY; THAT YOU FULLY UNDERSTAND THE TERMS, CONDITIONS, AND SIGNIFICANCE OF THIS AGREEMENT; THAT WWE HAS ADVISED YOU THAT YOU HAVE TWENTY-ONE  (21) DAYS WITHIN WHICH TO CONSIDER AND ACCEPT OR REJECT THE TERMS OF THIS AGREEMENT (ALTHOUGH YOU MAY OPT TO EXECUTE IT SOONER.  CHANGES TO ANY TERM OF THIS AGREEMENT SHALL NOT RESTART THE CONSIDERATION PERIOD); THAT WWE HAS ADVISED YOU TO CONSULT WITH AN ATTORNEY CONCERNING THIS AGREEMENT; THAT YOU HAVE HAD A FULL OPPORTUNITY TO REVIEW THIS AGREEMENT WITH AN ATTORNEY OF YOUR CHOOSING; THAT YOU UNDERSTAND THAT THIS AGREEMENT HAS BINDING LEGAL EFFECT; AND THAT YOU HAVE EXECUTED THIS AGREEMENT FREELY, KNOWINGLY AND VOLUNTARILY.  YOU FURTHER HAVE BEEN ADVISED THAT YOU HAVE SEVEN (7) CALENDAR DAYS FROM THE DATE OF YOUR ACCEPTANCE AND EXECUTION OF THIS AGREEMENT IN WHICH TO REVOKE YOUR ACCEPTANCE. IN ORDER TO REVOKE THIS AGREEMENT, SUCH REVOCATION MUST COMPLY WITH THE PROVISIONS OF PARAGRAPH 20(f) OF THIS AGREEMENT. 
		

		
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			PLEASE READ THIS AGREEMENT CAREFULLY AS IT HAS IMPORTANT LEGAL CONSEQUENCES.
		

		
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			﻿
		

		
			Date:    November 19, 2021/s/ KRISTINA SALEN
		

		
			Kristina Salen
		

		
			WORLD WRESTLING ENTERTAINMENT, INC.
		

		
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			Date:  November 23, 2021Signed:    /s/ MEREDITH HUTT 
		

		
			Name:    Meredith Hutt
		

		
			Title:      VP, Human Resources
		

		
			﻿
		

		
			You must sign and return this Agreement via Adobe Sign to Meredith Hutt, VP, Human Resources, WWE, Inc., 1241 East Main St, Stamford, CT  06902, fax number (203) 328-2510, within twenty-one (21) days from the date you received it; i.e., no later than midnight on November 26, 2021, or you may lose the opportunity to receive the payments and benefits detailed herein.  You initially received this Agreement on Novmber 5, 2021.
		

		 

		

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			INTELLECTUAL PROPERTY RIDER
		

		
			
You reaffirm and agree that any inventions, materials and proceeds created by you in connection with your relationship with WWE (hereinafter, the “Company”) was done at the request of the Company as “works made for hire” and the Company will be deemed the sole author thereof, automatically upon their creation, as contemplated by Sections 101 and 201 of the United States Copyright Act of 1976 as amended (hereinafter, the “Act”).  In the event that any such works were not works made for hire, you hereby irrevocably transfer and assign to the Company in perpetuity throughout the world and in all manner, media and channels of distribution now known or hereafter devised, developed or created, including but not limited to electronic media and the internet, any and all rights, title and interests, including but not limited to the copyright and other proprietary rights, effective automatically as of the creation thereof.  In addition, you reaffirm your irrevocable transfer and assignment, and hereby again irrevocably transfer and assign, to the Company in perpetuity throughout the world any and all rights, title and interests, including but not limited to copyrights, patent rights, trade secrets, trademarks and other proprietary rights, in and to all inventions, materials and proceeds created by you in connection with or arising out of your relationship with the Company, effective automatically as of the creation thereof.  You agree: (a) to disclose promptly in writing to the Company all inventions, materials and proceeds hereunder; (b) to cooperate with and assist the Company to apply for, and to execute any applications and/or assignments reasonably necessary to obtain, any patent, copyright, trademark or other statutory protection for such ideas, inventions and materials in the Company’s name as the Company deems appropriate; and (c) to otherwise treat all such materials as “Confidential Information or Trade Secrets.”  You hereby waive any right of “droit moral” or similar right.
		

		
			In addition, in connection with your relationship with the Company, you may have been photographed, videotaped or otherwise recorded by the Company in connection with Company Event(s) (“Footage”).  You hereby reaffirm and again grant the Company the sole and exclusive right, including the right to authorize others, to use and incorporate the Footage, in whole or in part, in conjunction with other photographs and footage, and the right to use your name, voice, likeness and/or biographical information (collectively, “Likeness”) in connection with the exploitation, advertising, promotion and/or packaging of the Footage, the Event(s) or any future events similar thereto and/or any product into which the Footage may be incorporated, including but not limited to, radio, television, home video or other motion picture programs or sound recordings (“Products”) at such times and in such manner as the Company may elect in perpetuity throughout the world, and to broadcast, exhibit and/or exploit the same in any and all media, whether now or hereafter known or devised.  You further acknowledge and agree that the Company shall be under no obligation to use or exploit the Footage and/or Likeness; that you shall not be entitled to any further payments, residuals, monies or other compensation arising out of the Company’s exploitation of the Footage and/or Likeness in any manner, that you hereby release, discharge and agree to save and hold harmless the Company and/or its assignee from any and all claims of liability arising out of any use of the Footage and/or Products; and that the 
		

		

		

		 

		

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			Footage shall be the sole and exclusive property of the Company in perpetuity.  In this regard, the Footage shall be deemed created for the benefit of the Company as a “work made for hire” as defined in the Act.
		

		
			﻿
		

		
			Date:November 19, 2021/s/ KRISTINA SALEN
		

		
			Kristina Salen
		

		
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