Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 260

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 260
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 or any
transfer or assignment of employment pursuant to , in each case, that would entitle such Company Group Employee or SpinCo Group Employee to severance payments or benefits under any Company Plan or SpinCo Plan or
result in the forfeiture of unvested awards or benefits received from any member of the Group. The Parties shall use commercially reasonable efforts to ensure that, to the extent possible, transfers or assignments of employment pursuant to
do not create any rights to severance payments or benefits under applicable Law and that, consistent with , such transfers do not result in a loss of service credit or
seniority by the transferred employee.

Section 2.3 . Prior to the Distribution Date, the Parties (to the extent
applicable) shall satisfy all legal or contractual requirements that may apply to them between the date of this Agreement and the Distribution Date to provide notice to, or to enter into any consultation or bargaining procedure with, any employee or
any Employee Representative Body representing any employee, in connection with the Transactions. To the extent applicable, each Party (and each of its respective Affiliates) agrees to cooperate and use its reasonable best efforts to assist the other
Party in satisfying information and consultation obligations owed to any Employee Representative Body in relation to the Transactions.

Section 2.4 . To the extent necessary, SpinCo and the Company will engage third-party “professional
employer organizations” or “employers of record” (“”) to act as the legal employer of Company Transferring Employees or SpinCo Transferring Employees, respectively, in jurisdictions where no SpinCo Group
Member or Company Group Member, as applicable, is available to serve as the legal employer of such employees. Individuals who become employed by a PEO engaged by a SpinCo Group Member shall be “SpinCo Group Employees,” and individuals
who become employed by a PEO engaged by a Company Group Member shall be “Company Group Employees,” for purposes of this Agreement.

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Section 2.5 . Concurrently with the execution of this
Agreement, the Parties may enter into one or more employee secondment agreements pursuant to which from and after the Distribution Effective Time for the time period set forth therein certain SpinCo Group Employees will be fully dedicated or
committed to the Company Group (the “”) and/or certain Company Group Employees will be fully dedicated or committed to the SpinCo Group (the “”).
Notwithstanding anything to the contrary herein, all such Seconded SpinCo Group Employees shall be treated as “SpinCo Group Employees” and