Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 93

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 93
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 on the assumptions described above under the section of this prospectus captioned “— Certain Assumptions,” the estimated aggregate amount that would become payable to five of Intelsat’s six non-employeedirectors (as an employee of an Intelsat shareholder, Mr. Simpson does not hold any RSUs) in respect of their RSUs is $[●], which excludes any grants of RSUs that may be made by Intelsat to the non-employeedirectors following the date of this prospectus. At the Closing, each RSU and MC PSU held by executive officers will convert into per share cash consideration in the manner described above. Based on the assumptions described above under the section of this prospectus captioned “— Certain Assumptions,” the estimated aggregate amounts that would become payable to Intelsat’s current executive officers in respect of their unvested RSUs is $[●], and unvested MC PSUs is $[●]. Potential Severance Payments Upon a Qualifying Termination Prior to or Following the Closing Employment Agreements Intelsat entered into employment agreements with each of its current executive officers (the “Executive Agreements”) that generally provide that if an executive officer is terminated by Intelsat without cause or by the executive officer for good reason, on or within two years following the Effective Time (the “Change of Control Period”), then the executive officer will receive:

| • |     | a lump sum payment equal to 1.5 times (2 times for Mr. Wajsgras) the sum of the executive officer’s                    
 then-current base salary, plus the executive officer’s annual target bonus for the fiscal year of the termination; and |

| • |     | Mr. O’Brien and Mr. Wajsgras will also receive COBRA coverage at active employee rates for 18 
 months.                                                                                       |

Severance benefits are subject to the executive officer timely executing and not revoking a release of claims in favor of Intelsat and its affiliates and their respective predecessors and successors and the executive officer’s continued compliance with the restrictive covenant obligations. Under the terms of the Share Purchase Agreement, the parties have agreed that, in recognition of the anticipated impact of the consummation of the Transactions on the authorities, duties and responsibilities of each of Messrs. Wajsgras and O’Brien and Ms. Bryan (the “Designated Executives”), each Designated Executive will have Good Reason (as defined in the Intelsat plan applicable to such Designated