Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-308654
Chunk: 157

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 157
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) and each other bonus, commission, stock option, stock appreciation right, restricted stock, restricted stock unit, performance stock unit, stock purchase or other equity-based,
incentive compensation, profit sharing, savings, retirement, disability, vacation, deferred compensation, severance, separation, termination, retention, change of control, stay bonus and other similar material plan, program, agreement or arrangement
that is maintained or contributed to by any Post-Separation Retained Entity or with respect to which any Post-Separation Retained Entity would reasonably be expected to have any liability, other than any such plan, scheme or arrangement
(i) that is sponsored or maintained by, or provided through, a Governmental Entity or Labor Union, (ii) that any Post-Separation Retained Entity is required by Law to maintain or contribute to or (iii) any Multiemployer Plan.

“” means the Sarbanes-Oxley Act of 2002.

“” means the U.S. Securities and Exchange Commission.

“” means the Securities Act of 1933, as amended.

“” means (a) with respect to the Post-Separation Retained Entities, any of the executive officers (as
such term is defined in the Exchange Act) of the Post-Separation Retained Entities and, (b) with respect to Buyer, any of Buyer’s executive officers (as such term is defined in the Exchange Act).

“” has the meaning set forth in the Separation and Distribution Agreement.

“” means the Separation and the Distribution, collectively.

“” means the “Specified Ancillary Agreements” as defined in the Separation and
Distribution Agreement, together with all annexes, exhibits, schedules, attachments and appendices thereto.

Annex A-15

“” means the “Specified Amount
Reduction” as defined in the Separation and Distribution Agreement.

“” has the meaning given to such term
in the Separation and Distribution Agreement.

“” means any individual who holds a Company Equity
Award who is a (i) SpinCo Group Employee, (ii) a Former SpinCo Group Employee or (iii) Other SpinCo Service Provider (in each case of (i), (ii) and (iii), as defined in the Employee Matters Agreement).

“” has the meaning given to such term in the Separation and Distribution Agreement.

“” means each member of the Spinco Group.

“” has the meaning given to such term in the Separation and Distribution Agreement.