Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 275

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 275
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 or retained by the SpinCo Group under this Agreement.

(b) As of the Distribution Date, except as otherwise expressly provided for in this Agreement, the Company shall, or shall cause one or more
members of the Company Group to, assume or retain and the Company hereby agrees to pay, perform, fulfill and discharge, in due course in full () all Liabilities under all Company Plans and Company Labor Agreements, whether arising
before, on or after the Distribution Date, () all Liabilities with respect to the employment, engagement service, retirement, termination of employment or termination of service of all Company Group Employees, Former Company Group
Employees, their dependents and beneficiaries and Other Company Service Providers, whether arising before, on or after the Distribution Date, () any other Liabilities expressly assumed or retained by the Company Group under this
Agreement and () all Liabilities under all Company Multiemployer Plans, whether arising before, on or after the Distribution Date.

Section 3.2 . Except as otherwise expressly provided for in this Agreement or as required by
applicable Law (including any Transfer Regulations) or the terms of a SpinCo Labor Agreement or Company Labor Agreement, as applicable, as of the Distribution Effective Time, each SpinCo Participant and Other SpinCo Service Provider shall cease to
be an active participant in any Company Plan and each Company Participant and Other Company Service Provider shall cease to be an active participant in any SpinCo Plan, and the Company and SpinCo shall take all necessary action to effectuate each
such cessation.

Section 3.3 . SpinCo shall give each SpinCo Participant full credit for purposes of
eligibility, vesting, determination of level of benefits, and, to the extent applicable, benefit accruals under any SpinCo Plan for such SpinCo Participant’s service with any member of the Group prior to the Distribution Date to the same
extent such service was recognized by the corresponding Company Plans immediately prior to the Distribution Date; , , that such service shall not be recognized () for purposes of benefit accruals under any
Benefit Plan that is a defined benefit pension plan (other than as expressly set forth in ) or () to the extent that such recognition would result in the duplication of benefits. In addition, for
a period of twelve (12) months from the Distribution Effective Time or, if longer, during an employee’s Applicable TSA Period, if () a SpinCo Group Employee’s employment with the SpinCo Group or a Company Group
Employee’s employment with the Company Group terminates, () the