This excerpt taken from the WWE DEF 14A filed Mar 31, 2008.
Eligibility and Limitation on Awards
The Committee may grant awards to any employee, director, consultant or independent contractor providing services to the Company or its affiliates. It is presently contemplated that approximately 120 persons will be eligible to receive awards.
The maximum awards that can be granted under the Incentive Plan to a single participant in any period of five consecutive calendar years will be 1,000,000 shares of Common Stock in the form of restricted shares, restricted units, performance unit options, SARs or other share-based awards. The maximum cash-based awards to any executive officer of the Company who is determined to be a covered employee under Section 162(m) of the Code is four percent (4%) of the EBITDA of the Company, and for any other participant is three percent (3%) of EBITDA. The maximum aggregate cash-based awards to all participants in respect of any fiscal year is twenty percent (20%) of EBITDA. For longer-term cash-based awards that are performance based for purposes of Section 162(m) of the Code, the maximum award to any participant is $4 million in any fiscal year.