Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 285

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 285
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 plan year in which the Distribution Date occurs shall continue in effect under the SpinCo Flexible Spending Accounts Plan for the
remainder of the plan year in which the Distribution Date occurs. If the aggregate reimbursement payouts made to SpinCo Participants from the Company Flexible Spending Accounts Plan prior to the Distribution Date for the plan year in which the
Distribution Date occurs exceed the aggregate accumulated contributions made by the SpinCo Participants to such plan prior to the Distribution Date for such plan year, then SpinCo shall make a payment equal to the value of such excess to the Company
by wire transfer of immediately available funds as soon as practicable, but in no event later than forty-five (45) days, following the Distribution Date.

Section 6.3 . The Company Group shall retain responsibility for compliance with the health care
continuation requirements of COBRA and the certificate of creditable coverage requirements of HIPAA with respect to any current or former employee of the Group who has a COBRA “qualifying event” prior to the Distribution Date. The SpinCo
Group shall assume responsibility for compliance with the health care continuation requirements of COBRA and the certificate of creditable coverage requirements of HIPAA with respect to any SpinCo Participant who incurs a COBRA “qualifying
event” or loss of coverage under the SpinCo Health & Welfare Plans or Company Health & Welfare Plans on or after the Distribution Date; that, as and to the extent provided in the Transition Services Agreement,
the Company Group shall provide COBRA coverage to such SpinCo Participants under Company Health & Welfare Plans during the Post-Separation Coverage Period. The Parties hereto agree that neither the Transactions nor any transfers of
employment directly from the SpinCo Group to the Company Group or directly from the Company Group to the SpinCo Group that occur before the Distribution Date shall constitute a COBRA “qualifying event” for purposes of COBRA.

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Section 6.4 . Notwithstanding anything
in this Agreement to the contrary, from and after the end of the Distribution Date, the Company Group shall provide or continue to provide retiree or post-employment health benefits in respect of all Former SpinCo Employees who are receiving, or who
are eligible to receive, such benefits under a Company Health & Welfare Plan in effect as of the Distribution Date so long as such benefits under such plan continue to be made available in respect of Former Company Group Employees.

Section 6.5 .

(a) Health& Welfare Claims Generally. From and after the Distribution Date, the Company