Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 292

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 292
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 Group Employee any confidentiality obligations (solely to the extent such obligations relate to the SpinCo Business) or non-competition obligations, or otherwise assert with respect to any such SpinCo Group Employee or SpinCo Group Member claims that would otherwise prohibit or place conditions on any such SpinCo Group
Employee’s employment with the SpinCo Group, or any actions taken by such SpinCo Group Employee as an employee of the SpinCo Group, in each case, solely to the extent such SpinCo Group Employee is acting in furtherance of the operations or
activities relating to the SpinCo Business. Following the Distribution Date, SpinCo and its Affiliates shall not enforce against any Company Group Employee any confidentiality obligations (solely to the extent such obligations relate to the Company
Business) or non-competition obligations, or otherwise assert with respect to any such Company Group Employee or Company Group Member claims that would otherwise prohibit or place conditions on any such
Company Group Employee’s employment with the Company Group, or any actions taken by such Company Group Employee as an employee of the Company Group, in each case, solely to the extent such Company Group Employee is acting in furtherance of the
operations or activities relating to the Company Business.

Section 10.5 . The
treatment of workers compensation liabilities in connection with the Transactions shall be governed by the Separation Agreement.

Section 10.6 . Except to the extent otherwise required by applicable Law, the Company
shall, or shall cause the applicable Company Group Member to, retain or assume all Liabilities under the Group’s expatriate and employee relocation programs (including to administer or provide any relocation-related or post-repatriation
benefits or services (e.g., tax preparation services) and with respect to any trailing tax reconciliation or tax equalization payments) arising from or relating to Company Group Employees and Former Company Group Employees. Except to the extent
otherwise required by applicable Law, SpinCo shall, or shall cause the applicable SpinCo Group Member to, retain or assume all Liabilities under the Group’s expatriate and employee relocation programs (including to administer or provide any
relocation-related post-repatriation benefits or services (e.g., tax preparation services) and with respect to any trailing tax reconciliation or tax equalization payments) arising from or relating to SpinCo Group Employees and Former SpinCo Group
Employees. For the avoidance of doubt, nothing in this Agreement obligates SpinCo or the Company to continue to make expatriate and employee relocation program benefits and services available to their respective