Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 288

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 288
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ENSATION AND BENEFITS MATTERS

Section 10.1 .

(a) Generally. Subject to and , effective as of the
Distribution Date, except as otherwise agreed between the Parties, () the Company Group shall assume or retain, as applicable, and be solely responsible for, all Liabilities for severance or other separation payments and benefits
relating to the termination or alleged termination of any Company Group Employee’s or Former Company Group Employee’s employment (including Garden Leave Payments and payouts of any accrued vacation, sick time and other time-off benefits), whether occurring prior to, on or following the Distribution Date and () the SpinCo Group shall assume or retain, as applicable, and be solely responsible for, all Liabilities for
severance or other separation payments and benefits relating to the termination or alleged termination of any SpinCo Group Employee’s or Former SpinCo Group Employee’s employment (including Garden Leave Payments and payouts of any
accrued vacation, sick time and other time-off benefits), whether occurring prior to, on or following the Distribution Date.

(b) Legacy Corporate Employees. Notwithstanding anything to the contrary in this , the net after-tax cost of providing severance to any Legacy Corporate Employee shall be borne solely by the Company. Accordingly, as soon as administratively feasible following the Distribution Date, SpinCo shall calculate
the aggregate cost of any severance or other separation payments and benefits (including Garden Leave Payments and payouts of any accrued vacation, sick time and other time-off benefits) related to the
termination or alleged termination of any Legacy Corporate Employee as of the Distribution Date that is payable following the Distribution Effective Time by any SpinCo Group Member, net of a reasonable estimate of the cash Tax savings associated
with any Tax deduction for any member of the Group attributable to such payments and benefits (as agreed between the Parties in good faith), and the Company shall pay such amount to SpinCo, no later than thirty (30) days following the final
calculation of such amount.

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(c) Other Pre-TransferSeparations.
Notwithstanding anything to the contrary in this but subject to , to the extent that the cost of any severance or other separation payments and benefits (including
Garden Leave Payments and payouts of any accrued vacation, sick time and other time-off benefits) related to the termination or alleged termination of () any employee of the Group primarily
dedicated to the Company Business is borne by a SpinCo Group Member (as a result of such employee’s employment not having been transferred to the SpinCo Group or