Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 274

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 274
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(i) in relation to any such Company Group Employee, the relevant SpinCo Group Member may (but is not
obligated to), terminate the employment of such Company Group Employee within 30 days of becoming aware of such determination or allegation, in which case the Company shall (or shall cause a Company Group Member to) indemnify SpinCo in respect of
any Liabilities incurred by the SpinCo Group arising out of the employment and termination of employment of such Company Group Employee by the SpinCo Group ( that, in implementing any such termination of employment, the relevant
SpinCo Group Member has taken all reasonable steps to minimize the Liabilities that may be incurred by reason of such termination, including but not limited to complying with any dismissal or termination procedures that are required under applicable
Law in order for such dismissal to be recognized as lawful); or

(ii) in relation to any such SpinCo Group Employee, the relevant Company
Group Member may (but is not obligated to), terminate the employment of such SpinCo Group Employee within 30 days of becoming aware of such finding or allegation, in which case SpinCo shall (or shall cause a SpinCo Group Member to) indemnify the
Company in respect of any Liabilities incurred by the Company Group arising out of the employment and termination of employment of such SpinCo Group Employee by the Company Group ( that, in implementing any such termination of
employment, the relevant Company Group Member has taken all reasonable steps to minimize the Liabilities that may be incurred by reason of such termination, including but not limited to complying with any dismissal or termination procedures that are
required under applicable Law in order for such dismissal to be recognized as lawful).

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ARTICLE III

GENERAL PRINCIPLES

Section 3.1 .

(a) As of the Distribution Date, except as otherwise expressly provided for in this Agreement, SpinCo shall, or shall cause one or more SpinCo
Group Members to, assume or retain and SpinCo hereby agrees to pay, perform, fulfill and discharge, in due course in full () all Liabilities under all SpinCo Plans and SpinCo Labor Agreements, whether arising before, on or after the
Distribution Date () all Liabilities with respect to the employment, engagement, service, retirement, termination of employment or termination of service of all SpinCo Group Employees, Former SpinCo Group Employees, their respective
dependents and beneficiaries, and Other SpinCo Service Providers, whether arising before, on or after the Distribution Date, and () any other Liabilities expressly assumed by