Harvey Weinstein may have been fired illegally by The Weinstein Company, according to his most recent TWC employment contract. The contract states that if Weinstein "treated someone improperly in violation of the company's Code of Conduct," he would be obligated to reimburse TWC for settlements or judgments––but would not be terminated. The contract also includes structured penalties: Per the agreement: “[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 news has continued to splinter the business Weinstein helped create. On Tuesday, his brother and co-founder, Bob Weinstein, and the company’s president, David Glasser, told employees that they were shocked by the allegations and unaware of payments made to women who complained of sexual misconduct and sexual assault. Shortly afterward, Bob Weinstein and three board members issued a statement saying that new allegations had come as “an utter surprise” and that any “suggestion that the Board had knowledge of this conduct is false.”