Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 266

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 266
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 shall retain all Assets and Liabilities
arising out of or relating to the Scripps Networks Interactive Pension Plan (the “”), including Liabilities for the benefits payable to the Company Participants thereunder. Each Company Participant shall
continue to have such rights, privileges and obligations under the Scripps Pension Plan as is provided thereunder following the Distribution Date.

Section 4.2 .

(a) Segregation ofAssets. Prior to the Distribution Date, the Company shall () cause the trustee of the Warner
Bros. Discovery 401(k) Savings Plan (the “”) to segregate the Assets of such Company U.S. Savings Plan representing the full account balances of SpinCo Participants as of the Distribution Date and
() make all necessary amendments to the Company U.S. Savings Plan and related trust agreement to provide for such segregation of Assets and the transfer of Assets as described in this .

(b) SpinCo U.S. Savings Plan. As of the Distribution Date, SpinCo shall, or shall cause the applicable SpinCo Group Members to,
() establish an individual account plan or individual account plans and associated trusts for the benefit of SpinCo Participants (the “”), () take all necessary action, if any, to
qualify such plan under the applicable provisions of the Code and () make any and all filings and submissions to the appropriate Governmental Entities required to be made by it in connection with the transfer of Assets described
below.

(c) Transfer of Account Balances. As soon as practicable (but no later than ninety (90) days) following the earlier of
the delivery to the Company of a favorable determination or opinion letter from the IRS regarding the qualified status of the SpinCo U.S. Savings Plan (as amended to the date of transfer), or the issuance of indemnities satisfactory to the Company
and SpinCo, the Company shall cause the trustee of the Company U.S. Savings Plan to transfer in the form of cash or in-kind (including

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promissory notes representing outstanding loans of the SpinCo Participants) the full account balances of the SpinCo Participants under the Company U.S. Savings Plan (which account balances will
have been adjusted to reflect appropriate earnings and/or losses attributable to the period from the Distribution Date to the date of transfer described herein), reduced by any necessary benefit or withdrawal payments to or in respect of SpinCo
Participants occurring during the period from the Distribution Date to the date of transfer described herein, to the appropriate trustee as designated by SpinCo or the applicable members of the SpinCo Group under the