Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 283

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 283
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 participant in the Company SRP is notionally invested in the unitized stock fund investment option offered under the Company SRP, with a value based on the value of Company Shares, then such
participant’s deferral account in the Company SRP or Mirror SpinCo SRP, as applicable, shall be credited as of immediately after the Distribution Effective Time with () a notional investment in the same number of Company Shares
credited to such participant’s account as of immediately prior to the Distribution Effective Time and () a notional investment in a number SpinCo Shares equal to the product of () the number of Company Shares
credited to such participant’s account as of immediately prior to the Distribution Effective Time multiplied by() the Distribution Ratio.

Section 5.6 . Without limiting the generality of , following the
date of this Agreement, Company and SpinCo shall use commercially reasonable efforts to cooperate in administering the Company Non-Qualified Plans and the SpinCo
Non-Qualified Plans for purposes of satisfying any obligations relating to the SpinCo Participants therein and the Company Participants therein, respectively, including by exchanging any necessary participant
records and engaging recordkeepers, administrators, and other third parties.

ARTICLE VI

U.S. HEALTH AND WELFARE PLANS

The terms and conditions set forth in this shall apply to Benefit Plans sponsored or maintained 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