Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 267

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 267
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 jurisdiction specified on Schedule 1 to
to this Agreement or who is subject to taxation in a jurisdiction specified on Schedule 2 to to this Agreement, in each case, as of immediately prior to the Distribution Effective Time.

“” means each Company PRSU Award () held by a Company Group Employee or Former
Company Group Employee, () held by any SpinCo Group Employee or Former SpinCo Group Employee residing in a jurisdiction specified on Schedule 1 to to this Agreement or who is subject to taxation in a jurisdiction
specified on Schedule 2 to to this Agreement, in each case, as of immediately prior to the Distribution Effective Time or () granted prior to the Distribution Effective Time in calendar years 2026 or 2027.

“” means each Company RSU Award () held by a Company Group Employee or Former Company
Group Employee, () held by any SpinCo Group Employee or Former SpinCo Group Employee residing in a jurisdiction specified on Schedule 1 to to this Agreement or who is subject to taxation in a jurisdiction specified on
Schedule 2 to to this Agreement, in each case, as of immediately prior to the Distribution Effective Time or () granted prior to the Distribution Effective Time in calendar years 2026 or 2027.

“” means the U.S. Employee Retirement Income Security Act of 1974, as amended.

“” means any Former SpinCo Group Employee or Former Company Group Employee.

“” means any individual who, as of immediately prior to the Distribution Effective Time, is a
former employee of a member of the Group, or any of their respective predecessors or former Affiliates, and who is not a Former SpinCo Group Employee.

“” means any individual who, as of immediately prior to the Distribution Effective Time is a
former employee of a member of the Group, or any of their respective predecessors or former Affiliates, and who, upon his or her last termination of employment with all members of the Group and their respective predecessors or former Affiliates was
identified in the system then of record as an employee of an entity as of the date hereof that is a SpinCo Group Member (or predecessor of a SpinCo Group Member).

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

“” means continued salary payments and other payments and benefits provided to a departing employee of
the Group for any notice period immediately prior to such employee’s employment termination date during which the employee is instructed by a member of the Group not to attend the workplace or carry out their normal employment duties