Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 564

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 564
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 otherwise required by applicable Law, for the period commencing as of the
Closing and ending on the earlier of (x) the date that is 12 months following the Closing Date and (y) the date of termination of the applicable employee’s employment, Saturn shall, or shall cause its applicable Affiliates to, provide
each individual who is employed by Indiana and its Subsidiaries immediately prior to the Closing (such employees, collectively, “”) with (A) base salaries

A-61

or base wages that are no less favorable than the base salaries or base wages provided by Indiana and its Subsidiaries immediately prior to the Closing, (B) target short-term cash incentive
opportunities that are no less favorable than the target short-term cash incentive opportunities provided by Indiana and its Subsidiaries immediately prior to the Closing, (C) target long-term incentive opportunities provided by Saturn and its
Subsidiaries to their similarly-situated employees and (D) the greater of employee benefits (excluding change in control and retention bonus, and long-term, equity or equity-based incentives) substantially comparable in the aggregate to the
employee benefits (excluding change in control and retention bonus, and long-term, equity or equity-based incentives) provided by (I) Indiana and its Subsidiaries immediately prior to the Closing or (II) Saturn and its Subsidiaries to
their similarly-situated employees from time to time.

(b) . Except to the extent otherwise required by applicable Law:

(i) Saturn shall, or shall cause its applicable
Affiliates to, give each Continuing Employee full credit for all purposes (which, for the avoidance of doubt, shall include full credit for the purpose of determining any severance entitlements) under (A) any Combined Company benefit plan and
(B) each other Indiana Plan as of and after the Closing Date by Saturn or any of its Affiliates, for such employee of Indiana and its Subsidiaries’ service prior to the Closing with Indiana and its Subsidiaries to the same extent such
service is recognized by Indiana and its Subsidiaries immediately prior to the Closing, in accordance with the terms of such plan; that such credit shall not be given to the extent that it would result in a duplication of benefits
for the same period of service; and

(ii) Saturn shall, or shall cause its applicable Affiliates to: (A) use
commercially reasonable efforts to waive any limitation on health and welfare coverage of