Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 278

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 278
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 provision of this Agreement shall be construed to create a right in any Company Participant or
SpinCo Participant under a Benefit Plan that such individual would not otherwise have under the terms of the Benefit Plan itself.

Section 3.7 . Except as otherwise expressly provided in this Agreement, in connection with the completion
of the Internal Reorganization (as defined in the Separation Agreement), the Company shall assume (including sponsorship of) all Benefit Plans sponsored or maintained by Warner Bros. Discovery, Inc., including () the Company Equity
Plans and all awards and grant agreements thereunder, () the Company Health & Welfare Plans and () all retirement, deferred compensation, severance, and retention plans. All such Benefit Plans shall be amended
or deemed to be amended, to the extent necessary or appropriate, to reflect such assumption and change in sponsorship. In connection with the assumption of the Company Equity Plans and all awards thereunder, such awards shall be converted to Company
equity awards in accordance with the Company Equity Plans such that the shares of common stock underlying such awards are shares of Company common stock. The Company shall submit any required filings with the Securities and Exchange Commission in
connection with the foregoing conversion of awards.

ARTICLE IV

U.S. QUALIFIED PLANS

Section 4.1 . From and after the Distribution Date, the SpinCo Group 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