Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 262

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 262
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 Company Group ( that, in implementing any such termination of
employment, the relevant Company Group Member has taken all reasonable steps to minimize the Liabilities that may be incurred by reason of such termination, including but not limited to complying with any dismissal or termination procedures that are
required under applicable Law in order for such dismissal to be recognized as lawful).

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ARTICLE III

GENERAL PRINCIPLES

Section 3.1 .

(a) As of the Distribution Date, except as otherwise expressly provided for in this Agreement, SpinCo shall, or shall cause one or more SpinCo
Group Members to, assume or retain and SpinCo hereby agrees to pay, perform, fulfill and discharge, in due course in full () all Liabilities under all SpinCo Plans and SpinCo 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 SpinCo Group Employees, Former SpinCo Group Employees, their respective
dependents and beneficiaries, and Other SpinCo Service Providers, whether arising before, on or after the Distribution Date, and () any other Liabilities expressly assumed by 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