Nick Khan Signs New Contract Through December 2030
Nick Khan will remain President of WWE through December 30, 2030.
According to the TKO SEC filing, Nick Khan has signed a new contract. His base salary is $2 million through 2027 and $3 million through 2030.
The parties agree that the term of this Agreement and Khan’s employment hereunder is for a period commencing on the Effective Date and ending on December 31, 2030 (such period, the “Term”), subject to WWE and Khan’s right to terminate his employment and the Term prior to the end thereof as set forth in Section 4 below and subject to the provisions in Section 4 below concerning post-termination payments to Khan and/or reimbursements due from WWE. In the event Khan continues to render services for WWE after the expiration of the Term, such employment shall continue on an at-will basis, so that either WWE or Khan may terminate his employment for any reason at any time; however, if Khan intends to terminate his employment, he shall provide WWE with at least sixty (60) days’ advance written notice.
Base Salary: Effective as of the Effective Date, Khan’s base salary shall be $2,000,000 per annum through December 31, 2026, and then shall be $3,000,000 per annum for the period from January 1, 2027 through the end of the Term, less applicable taxes and withholdings, payable on a bi-weekly basis in accordance with WWE’s standard payroll practices as such standard practices may be updated from time to time, and subject to merit adjustments within the sole discretion of WWE (and subject to approval by TKO’s Board of Directors (the “TKO Board”) or such committee(s) or person(s) (including, without limitation, the Chief Executive Officer of TKO) to which the Board (or the applicable committee thereof) has delegated power and authority from time to time (the Board or such committee(s) or person(s), as applicable, the “Governing Body”) (“Base Salary”)
Khan has been with WWE since August 2020.
Fans can view financial results here.
