Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 271

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 271
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 by U.S. members of
the Group.

Section 6.1 .

(a) Transitional Coverage UnderCompany Plans. As of the date hereof, the Company or one or more of its Subsidiaries maintain
each of the health and welfare plans set forth on attached hereto for the benefit of eligible SpinCo Participants and Company Participants (the “”). In
accordance with the Transition Services Agreement, and except as expressly provided therein or in this Agreement, the Company will cause coverage to be provided under the Company Health & Welfare Plans to SpinCo Participants from and after
the Distribution Date through December 31, 2026 (the “”) on substantially the same basis as immediately prior to the Distribution Effective Time and in accordance with the terms of the
applicable Company Health & Welfare Plans. To the extent necessary to effect the foregoing, SpinCo Group Members will be added as participating employers in the Company Health & Welfare Plans. During the Post-Separation Coverage
Period, the Company shall not, or shall not cause any Company Group Member to, materially modify the Company Health & Welfare Plans, except in the ordinary course of business or as required by Law.

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(b) Establishment of theSpinCo Health& Welfare Plans.
Except as expressly provided in this Agreement, effective as of January 1, 2027, SpinCo shall, or shall cause a SpinCo Group Member to, adopt health and welfare plans for the benefit of eligible SpinCo Participants (collectively, and including
any such plans adopted by the SpinCo Group prior thereto, the “”). Notwithstanding the foregoing, as of the Distribution Date, SpinCo shall, or shall cause a SpinCo Group Member
to, establish or maintain the following SpinCo Plans for the benefit of eligible SpinCo Participants: () a flexible spending accounts plan (the “”), () short-term
and long-term disability plans and () its own Section 125 Cafeteria Plan for the purpose of effectuating continued salary deductions from SpinCo Group Employees to fund employee contributions under Company Health &
Welfare Plans, the SpinCo Flexible Spending Accounts Plan, and health savings accounts.

(c) Terms of Participation inSpinCo Health& Welfare Plans. SpinCo shall use commercially reasonable efforts to cause all SpinCo Health & Welfare Plans, if applicable, to () waive all limitations as to preexisting conditions, exclusions
and service conditions with respect to participation and coverage requirements applicable to SpinCo Participants, other than limitations that were in effect with respect to SpinCo Participants immediately prior to the