Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 259

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 259
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 have the meaning ascribed to it in the Recitals to this Agreement. For the avoidance of doubt,
references to the Transactions herein shall not be deemed to refer to the Merger (as defined in the Separation Agreement).

“” means any Laws implementing EC Directive 2001/23/EC (the Acquired Rights Directive) and, in respect
of any non-European Union jurisdictions, any analogous legislation providing for the automatic transfer of employees on a transfer of an undertaking (including but not limited to, in respect of the United
Kingdom, the Transfer of Undertakings (Protection of Employment) Regulations 2006)).

“” means
each member of the SpinCo Board as of immediately prior to the Distribution Effective Time who served on the Company Board immediately prior to the Distribution Effective Time and who ceased to serve on the Company Board as of the Distribution
Effective Time.

-9-

“” shall have the meaning ascribed to it in
the Separation Agreement.

“” means the United States of America.

ARTICLE II

EMPLOYEE TRANSFERS

Section 2.1 . Except as otherwise agreed in
writing between the Parties, the Parties shall, or shall cause the applicable members of the Group to, take all actions necessary to ensure that each individual designated by the Parties to be a SpinCo Group Employee following the Distribution
Effective Time (including any such individual who is an Inactive Employee as of the Distribution Effective Time) is employed by a SpinCo Group Member and each individual designated by the Parties to be a Company Group Employee following the
Distribution Effective Time (including any such individual who is an Inactive Employee as of the Distribution Effective Time) is employed by a Company Group Member, in each case, as of no later than immediately prior to the Distribution Effective
Time. Except as otherwise agreed between the Parties, the Parties shall, or shall cause the applicable members of the Group to, take all actions necessary to ensure that all individuals designated by the Parties to be Other SpinCo Service Providers
following the Distribution Effective Time are engaged by a SpinCo Group Member and all individuals designated by the Parties to be Other Company Service Providers following the Distribution Effective Time are engaged by a Company Group Member, in
each case, as of no later than immediately prior to the Distribution Effective Time.

Section 2.2 .
Except as required by applicable Law, no Company Group Employee or SpinCo Group Employee shall be deemed by any Company Group Member or SpinCo Group Member to have incurred a termination of employment in connection with the Transactions