Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 276

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 276
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 Notwithstanding the foregoing, to the extent () any Liabilities under a Company
Splitting Non-U.S. DB Plan or Splitting SpinCo Non-U.S. DB Plan become payable to an individual designated to be a Company Transferring Employee or SpinCo Transferring
Employee, respectively, in connection with the transfer of their employment to the SpinCo Group or the Company Group, as applicable and () (1) a Company Group Member discharges a Liability with respect to such individual under such
Benefit Plan that is intended to be assumed by a SpinCo Group Member or (2) a SpinCo Group Member discharges a Liability with respect to such individual under such Benefit Plan that is intended to be assumed by a Company Group Member, in each
case, pursuant to , then the Parties shall agree to a reimbursement or other arrangement that places them in substantially the same economic position had such discharged Liability, and any related Assets, been
transferred and assumed as contemplated by .

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Section 7.2 . To the extent the
Company Transferring Employees or SpinCo Transferring Employees have a retirement account balance under a defined contribution retirement Benefit Plan maintained by a Company Group Member or SpinCo Group Member prior to their applicable date of
transfer, the Parties will use commercially reasonable efforts to transfer such account balances to a defined contribution retirement Benefit Plan maintained by the SpinCo Group Member or Company Group Member, respectively, to which such employees
are transferred.

Section 7.3 . From and after the Distribution Date, a
pro-rata percentage (based on the number of SpinCo Group Employees employed in Poland relative to the overall number of Group employees employed in Poland) of the funds as of the Distribution Effective Time in
the social fund established for the benefit of Group employees in Poland shall be designated for the benefit of SpinCo Group Employees, and as soon as practicable after the Distribution Date, the Company shall cause such funds to be transferred to a
social fund to be established by a SpinCo Group Member on or following the Distribution Date for the benefit of SpinCo Group Employees in Poland.

ARTICLE VIII

EQUITY COMPENSATION

Section 8.1 . Company Equity Awards that are outstanding as of immediately
prior to the Distribution Effective Time shall be adjusted and/or converted in connection with the Transactions as described in this . Prior to the Distribution Date, SpinCo shall adopt one or more equity incentive plans, to be
effective as of the Distribution Effective Time (the “”), which shall permit the issuance