-

Former WWE Co-Presidents George Barrios and Michelle Wilson get 18-month severance package

In the latest FORM 10-Q filing with the United States Securities and Exchange Commission, WWE included the termination agreements of their former Co-Presidents George Barrios and Michelle Wilson.

The termination letter, effective January 30, included 20 points of what they will get and what they’re entitled and not entitled to do while collecting their severance pay.

WWE provided them with their regular salary, a lump-sum payment of the value of their accrued, unused vacation, and continued health insurance coverage for a whopping 18 months following their termination although other employee benefits were stopped. In addition to those payments and benefits, both Barrios and Wilson were eligible for a discretionary bonus payment pursuant to WWE’s discretionary bonus plan.

By signing the agreement, the two former Co-Presidents agreed to “amicably resolve potential disputes” with the company and frees WWE from any legal obligation with respect to any aspect of their employment or termination from employment.

The agreement also stated that if either of them do not notify WWE within five days of accepting an offer of employment or intention to start or take an ownership interest in a business, there would be grounds to terminate all payments.

The full agreement can be read here.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Ash By Elegance joins OnlyFans

Ash By Elegance, the TNA star formerly known as Dana Brooke in WWE, has joined the OnlyFans platform. She made...

More seats added to the 2025 Royal Rumble

WWE has added more tickets for the 2025 Royal Rumble at the Lucas Oil Stadium in Indianapolis with more...

TBS title match added to Worlds End 2024

The TBS title will be on the line at the Worlds End pay-per-view next weekend after the match was...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading