WORLD WRESTLING ENTERTAINMENT, INC. AGREEMENT FOR RESTRICTED STOCK UNITS

Exhibit 10.16B

WORLD WRESTLING ENTERTAINMENT, INC. AGREEMENT FOR RESTRICTED STOCK UNITS

THIS AGREEMENT FOR RESTRICTED STOCK UNITS (this “Agreement”) is entered into as of ___________ by and between  World  Wrestling Entertainment, Inc., a Delaware corporation (the “Company”), and <Employee Name> a  management employee of the Company (the “Employee”).



WHEREAS, the Company’s Board of Directors has approved a 2016 Omnibus Incentive Plan (the “Plan”) and the Company will be seeking approval of the Plan by the Company’s stockholders at their 2016 annual meeting (the “Stockholder Approval”);



WHEREAS, the Company intends to  make a grant under the Plan of restricted stock units (each a “Restricted Stock Unit” or “RSU”), which grant shall  be conditional upon receipt of the Stockholder Approval and subject  to vesting based on Employee’s continued employment with the Company  as provided herein; and



WHEREAS, Employee wishes to receive such Restricted Stock Units in accordance with the Plan and this Agreement, in each case subject to Stockholder Approval as provided herein;



NOW, THEREFORE, in consideration of the premises and the mutual covenants stated herein, and intending to be legally bound, the Company and Employee hereby agree as follows:





Each capitalized term used in this Agreement shall have the meaning ascribed to that term in the Plan unless otherwise defined herein. The following capitalized terms shall have the respective meanings set forth below:









































With respect to each RSU, whether or not vested, that has not been forfeited (but only  until the underlying Shares are issued), 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 Employee 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 Employee 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) 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 Employee

Account and shall vest 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).





Except as provided for vesting on termination of employment following a Change of Control as contemplated in Section 3(b)(ii) or vesting as part of a severance arrangement as contemplated in Section 3(b)(i), upon termination of Employee’s employment (regardless of whether caused by resignation, termination by the Company, death, disability or otherwise), each RSU, Dividend Unit and other remaining accrued dividends in the Employee Account, in each case that has not previously vested, shall be forfeited by the Employee to the Company. Employee shall thereafter have no right, title or interest in such unvested RSUs, Dividend Units and accrued dividends and distributions and Employee shall immediately return to the Secretary of the Company any and all documents representing such forfeited items. Upon such termination of employment, any vested RSUs, Dividend Units and dividends and distributions thereon that have not already been paid or issued shall immediately be paid or issued, as the case may be, to the Employee (and in no event later than the latest date permitted by Section 409A of the Code).





This Agreement shall not give Employee any right to employment or continued employment and the Company may terminate Employee’s employment or otherwise treat Employee without regard to any effect such termination may have upon Employee under this Agreement.





Notwithstanding anything in this Agreement to the contrary, each and every term, condition and provision of this Agreement shall be, and shall be construed to be, consistent in all respects with all terms, conditions and provisions of the Plan. If any term, condition or provision of this Agreement is (or is alleged to be) inconsistent with the Plan in any respect, the Plan shall govern in all circumstances.





This Agreement and the Plan contain all terms and conditions with respect to the subject matter hereof and no amendment, modification or other change hereto shall be of any force or effect unless and until set forth in a writing executed (or electronic acknowledgement made) by Employee and the Company (in each case except for such amendments as the Company is expressly authorized hereunder, or under the Plan, to make without Employee’s consent).  No amendment to the Plan after the date hereof shall affect the terms and conditions hereof in a manner that is adverse to the 

Employee.





This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut, without giving effect to principles of conflicts of law. If any dispute arises with respect to this Agreement or any matter hereunder, (x) such dispute shall be submitted to 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. The prevailing party shall be reimbursed by the other party for any costs of any proceeding relating to this Agreement in any matter hereunder incurred by the prevailing party, including reasonable attorneys’ fees and costs.





Employee shall be liable for any and all taxes applicable to one’s tax situation. Taxes may include but not be limited to withholding taxes and any related social security contributions, arising out of this grant or the vesting of RSUs or distribution of Shares hereunder. Employee may elect to satisfy such withholding tax obligation by having the Company retain Shares having a fair market value equal to the Company's minimum withholding obligation.





The grant of RSUs hereunder is subject to the condition of receiving the Stockholder Approval, and in the event that Stockholder Approval is denied, the RSUs shall terminate ab initio and be of no further force and effect. Pending Stockholder Approval, no RSUs or Dividend Units shall vest and no Shares shall be issued or issuable.





By signing or electronically acknowledging this Agreement, the Employee agrees to the attached Appendix A if located outside the United States.



IN WITNESS WHEREOF, Employee has executed or electronically acknowledged this Agreement and the Company has caused this Agreement to be executed by its duly authorized officer, all as of the day and year first above written.





    EMPLOYEEWORLD WRESTLING ENTERTAINMENT, INC.





Exhibit A





Number of RSUs granted ____