World Wrestling Entertainment, Inc. Employment Offer Letter to Thomas Barreca (SVP, WWE Enterprises)

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.