Jericho will be touring with Fozzy from 6/6-6/11, but will now miss No Way Out due to his WWE suspension. He was originally scheduled to face Randy Orton at the pay-per-view. Both are now suspended and will miss the event. It seems that he will be able to work his Fozzy schedule and still fit in his WWE schedule which has him booked up to November.
We'll keep you posted as we hear more.