Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 591

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 591
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 Affiliates, for such employee of Indiana and its Subsidiaries’ service prior to the Closing with Indiana and its Subsidiaries to the same extent such
service is recognized by Indiana and its Subsidiaries immediately prior to the Closing, in accordance with the terms of such plan; that such credit shall not be given to the extent that it would result in a duplication of benefits
for the same period of service; and

(ii) Saturn shall, or shall cause its applicable Affiliates to: (A) use
commercially reasonable efforts to waive any limitation on health and welfare coverage of such Continuing Employees due to pre-existing conditions, waiting periods, active employment requirements, and
requirements to show evidence of good health under any applicable health and welfare plan of Combined Company or any of its Affiliates to the extent such employees of Indiana and its Subsidiaries were covered under a similar benefit plan of Indiana
and its Subsidiaries and (B) credit each such Continuing Employee with all deductible payments, co-payments and co-insurance paid by such employee under any medical
plan of Indiana and its Subsidiaries prior to the Closing Date during the plan year in which the Closing occurs for the purpose of determining the extent to which any such employee has satisfied any applicable deductible and whether such employee
has reached the out-of-pocket maximum under any benefit plan of Saturn or any of its Affiliates for such plan year.

(c) . Indiana and Saturn hereby agree to reasonably cooperate in good faith to comply in all material respects
with all information, consultation, effects bargaining and other processes, if any, toward the relevant employees and relating to any works councils, unions and any employee representative bodies in connection with the transactions contemplated
hereby.

(d) . As soon as reasonably practicable after the date hereof, Indiana and Saturn shall reasonably cooperate
to establish and implement a retention plan providing for a minimum of $40,000,000 of payments to retain employees of Indiana and its Subsidiaries (either pre-Closing or post-Closing) (the “”). Notwithstanding anything to the contrary contained herein, Saturn shall have the authority and discretion to determine all terms of the Retention Plan and the recipients thereunder; that Saturn shall consider in good
faith the recommendations of Indiana’s Chief Executive Officer with respect to the Retention Plan prior to such determination. Saturn shall, or shall cause Holdings or its applicable subsidiary to, make all payments owed after the Closing under
the Retention Plan in accordance with