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Weinstein Had to Pay His Own Company for Each Misconduct Settlement

The provision was written into his employment contract.

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Steven Hirsch/Reuters

Disgraced film producer Harvey Weinstein’s employment contract with his firm, The Weinstein Company, included a provision requiring him to pay the company each time it had to dole out a settlement payment on his behalf for misconduct. The judge overseeing the company’s bankruptcy proceedings made it public on Tuesday. According to the agreement, Weinstein would have to pay the company $250,000 for the first settlement payment related to “misconduct,” $500,000 for the second payment, $750,000 for the third payment, and $1,000,000 for “each such additional instance.”

Read it at THR

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