Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 284

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 284
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 of theSpinCo Health& Welfare Plans.
Except as expressly provided in this Agreement, effective as of January 1, 2027, SpinCo shall, or shall cause a SpinCo Group Member to, adopt health and welfare plans for the benefit of eligible SpinCo Participants (collectively, and including
any such plans adopted by the SpinCo Group prior thereto, the “”). Notwithstanding the foregoing, as of the Distribution Date, SpinCo shall, or shall cause a SpinCo Group Member
to, establish or maintain the following SpinCo Plans for the benefit of eligible SpinCo Participants: () a flexible spending accounts plan (the “”), () short-term
and long-term disability plans and () its own Section 125 Cafeteria Plan for the purpose of effectuating continued salary deductions from SpinCo Group Employees to fund employee contributions under Company Health &
Welfare Plans, the SpinCo Flexible Spending Accounts Plan, and health savings accounts.

(c) Terms of Participation inSpinCo Health& Welfare Plans. SpinCo shall use commercially reasonable efforts to cause all SpinCo Health & Welfare Plans, if applicable, to () waive all limitations as to preexisting conditions, exclusions
and service conditions with respect to participation and coverage requirements applicable to SpinCo Participants, other than limitations that were in effect with respect to SpinCo Participants immediately prior to the Distribution Effective Time and
() waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a SpinCo Participant immediately prior to the Distribution Effective Time to the extent such SpinCo Participant had
satisfied any similar limitation under the analogous Company Health & Welfare Plan.

Section 6.2 . If the aggregate contributions made by SpinCo Participants prior to the Distribution Date under the flexible spending accounts plan maintained by the Group for the benefit of SpinCo Participants immediately prior to the
Distribution Effective Time (the “”) for the plan year in which the Distribution Date occurs exceed the aggregate reimbursement payouts made to SpinCo Participants prior to the Distribution
Date for such plan year, then () the Company shall make a payment equal to the value of such excess to SpinCo by wire transfer of immediately available funds as soon as practicable, but in no event later than forty-five (45) days,
following the Distribution Date and () SpinCo shall cause such amounts to be credited to each such SpinCo Participant’s accounts under the SpinCo Flexible Spending Accounts Plan. In connection with such transfer, SpinCo shall
deem that such employees’ deferral elections made under the Company Flexible Spending Accounts Plan for the