Contract: He preys, he pays
Harvey Weinstein’s employment contract reportedly said that the he could treat someone “improperly” as long as he shelled out money for damages.
The disgraced studio head’s 2015 contract specified how he could violate The Weinstein Company’s “Code of Conduct” if he reimbursed them for any settlements or judgements, according to TMZ.
“You [Weinstein] will pay the company liquidated damages of $250,000 for the first such instance, $500,000 for the second such instance, $750,000 for the third such instance, and $1,000,000 for each additional instance,” the contract states, according to the Web site. Those payments would be reportedly considered a “cure” for misconduct.
A board member who negotiated the contract told TMZ that officials knew Weinstein had settled lawsuits, but assumed it was to cover up consensual affairs.
The company dumped Weinstein on Sunday after a slew of women came forward to accuse him of sexual harassment.
Weinstein also has a right to mediation or arbitration under terms of his deal, TMZ reported.
But neither happened, since he was summarily fired as the scandal unfolded this week, according to the Web site.