The actor had been due to make a speech at a summit for anti-gay group Legatus.
Tesco has confirmed that the employee has been disciplined following an internal hearing.
The actor says he didn’t feel his character on the soap was “necessary”.
Daniel Franzese also discusses filming sex scenes with his co-star Frankie J. Alvarez.
The series ran on US cable network Showtime for five seasons between 2000 and 2005.
More than 80,000 people have signed a petition calling for the show to be cancelled.
Actress says she feels “so blessed” to have been involved in Joss Whedon’s cult series.