Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 265

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 265
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ensation plan or arrangement maintained by the Company as of immediately before the Distribution Effective Time (in each case, as amended and/or restated from time to time).

“” shall have the meaning set forth in .

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

“” means, as of any applicable time from and after the Distribution Effective Time, () a
current employee of a Company Group Member (including any such employee who is an Inactive Employee and excluding any non-payroll workers), () any individual who, although deemed to be an employee of
the SpinCo Group under Transfer Regulations due to such individual’s rendering of services to the SpinCo Group pursuant to the Transition Services Agreement or otherwise, is designated by the Parties to be a Company Group Employee or
() a Seconded Company Group Employee.

“” means a member of the Company Group
(including Company).

“” shall have the meaning set forth in
.

“” means any agreement with any Employee
Representative Body to which a member of the Group is a party or bound by and that primarily pertains to Company Group Employees.

“” means any multiemployer plan within the meaning of section 4001(a)(3) of ERISA with respect to
which a Company Group Member is or was a participating employer.

“” means each Company Retained Non-Qualified Plan and each Company Splitting Non-Qualified Plan.

“” means an option to purchase Company Shares granted under a Company Equity Plan.

“” means any individual who is a Company Group Employee, a Former Company Group Employee or a
beneficiary, dependent or alternate payee of any of the foregoing.

“” means any Benefit Plan sponsored or
maintained by the Company or any Company Group Member.

“” means an award of units under a Company
Equity Plan representing a general unsecured promise by the Company to deliver Company Shares (or the cash equivalent thereof) upon the satisfaction of a performance-based vesting condition.

“” means each Benefit Plan separately identified
on to this Agreement as a Company Retained Non-Qualified Plan.

“” means each Benefit Plan separately identified
on to this Agreement as a Company Retained Non-U.S. DB Plan.

-3-

“” means an award of units under a Company Equity Plan
representing a general unsecured promise by the Company to deliver Company Shares (or the cash equivalent thereof) upon the satisfaction of a vesting requirement (other than a performance based vesting requirement).

“” shall mean “