Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 536

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 536
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-term cash incentive opportunities provided by Indiana and its Subsidiaries immediately prior to the Closing, (C) target long-term incentive opportunities provided by Saturn and its
Subsidiaries to their similarly-situated employees and (D) the greater of employee benefits (excluding change in control and retention bonus, and long-term, equity or equity-based incentives) substantially comparable in the aggregate to the
employee benefits (excluding change in control and retention bonus, and long-term, equity or equity-based incentives) provided by (I) Indiana and its Subsidiaries immediately prior to the Closing or (II) Saturn and its Subsidiaries to
their similarly-situated employees from time to time.

(b) . Except to the extent otherwise required by applicable Law:

(i) Saturn shall, or shall cause its applicable
Affiliates to, give each Continuing Employee full credit for all purposes (which, for the avoidance of doubt, shall include full credit for the purpose of determining any severance entitlements) under (A) any Combined Company benefit plan and
(B) each other Indiana Plan as of and after the Closing Date by Saturn or any of its Affiliates, for such employee of Indiana and its Subsidiaries’ service prior to the Closing with Indiana and its Subsidiaries to the same extent such
service is recognized by Indiana and its Subsidiaries immediately prior to the Closing, in accordance with the terms of such plan; that such credit shall not be given to the extent that it would result in a duplication of benefits
for the same period of service; and

(ii) Saturn shall, or shall cause its applicable Affiliates to: (A) use
commercially reasonable efforts to waive any limitation on health and welfare coverage of such Continuing Employees due to pre-existing conditions, waiting periods, active employment requirements, and
requirements to show evidence of good health under any applicable health and welfare plan of Combined Company or any of its Affiliates to the extent such employees of Indiana and its Subsidiaries were covered under a similar benefit plan of Indiana
and its Subsidiaries and (B) credit each such Continuing Employee with all deductible payments, co-payments and co-insurance paid by such employee under any medical
plan of Indiana and its Subsidiaries prior to the Closing Date during the plan year in which the Closing occurs for the purpose of determining the extent to which any such employee has satisfied any applicable deductible and whether such employee
has reached the out-of-pocket maximum under any