Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 258

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 258
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be a SpinCo Group Employee or () a Seconded SpinCo Group Employee.

“” shall mean a
member of the SpinCo Group (including SpinCo).

“” shall have the
meaning set forth in .

“t” means any agreement with any
Employee Representative Body to which a member of the Group is a party or bound by and that primarily pertains to SpinCo Group Employees.

“” means each Benefit Plan Separately identified on
to this Agreement as a SpinCo Retained Non-Qualified Plan and a SpinCo Splitting Non-Qualified Plan.

“” means an option to purchase SpinCo Shares that is granted under a SpinCo Equity Plan pursuant to
.

“” means any individual who is a SpinCo Group Employee, a Former SpinCo
Group Employee or a beneficiary, dependent or alternate payee of any of the foregoing.

-8-

“” means any Benefit Plan sponsored or maintained by SpinCo or
any SpinCo Group Member.

“” means each
Benefit Plan separately identified on to this Agreement as a SpinCo Retained Non-Qualified Plan.

“” means each Benefit Plan separately identified on
to this Agreement as a SpinCo Retained Non-U.S. DB Plan.

“” means an award of units representing a general unsecured promise by SpinCo to deliver SpinCo Shares (or the cash equivalent thereof) upon the satisfaction of a vesting requirement (other than a performance based vesting
requirement).

“” shall have the meaning ascribed to it in the Separation Agreement.

“” means each Benefit Plan separately identified
on to this Agreement as a SpinCo Splitting Non-Qualified Plan.

“” means each Benefit Plan separately identified
on to this Agreement as a SpinCo Splitting Non-U.S. DB Plan.

“” means the quotient obtained by dividing () the Pre-Spin Company Stock Value by () the sum of () the Post-Spin SpinCo Stock Value and () the quotient obtained by dividing () the
Post-Spin Company Stock Value by () the Distribution Ratio.

“” means
employees who are transferred or assigned from a SpinCo Group Member to a Company Group Member pursuant to .

“” shall have the meaning set forth in .

“” shall have the meaning ascribed to it in the Separation Agreement.

“” shall have the meaning set forth in .

“” shall have the meaning ascribed to it in the Tax Matters Agreement.

“” shall have the meaning ascribed to it in the Separation Agreement.

“” shall