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WWE President Nick Khan’s contract status revealed

Published at :May 3, 2024 at 3:41 PM
Modified at :May 3, 2024 at 4:15 PM
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(Courtesy : WWE)

Akash Dhanagaran

Nick Khan is one of the leading businessmen, who is the President of WWE and a member of the TKO Board of Directors. He has been in WWE since 2020, who has previously served as the Chief Revenue Officer & Chief Executive Officer. He is now solely responsible for WWE and who is involved in every decision making process for the company.

It was previously reported that Nick Khan had listed all his TKO shares and there was a rumor that he will be leaving the company sooner. Wrestlenomics reported that there is no chance of Nick Khan leaving the company, however the only possibility is when the contract expires next year. However, the latest report provides an update that he has more time left in the company than reported.

Nick Khan’s WWE Contract status

It was previously reported that Nick Khan’s current contract will end by August 2025. However, a recent SEC filing in February 2024 revealed that Khan’s contract runs through the end of 2026. It was also noted that the employment may continue on an ‘at will’ basis, which allows both parties to terminate the arrangement with an appropriate notice period.

SEC Filings,

“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, 2026 (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 60 days advance written notice.”

Additionally it was said that his base salary is $2 million USD per year, however he gets an additional payment from TKO as a part of ‘equity shares’ and bonuses. If Khan sells all his shares as soon as possible, he would still have a significant and direct financial interest in the TKO shares due to performance compensation and millions of shares, until his employment term expires.

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