Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 297

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 297
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 by the Parties)
directly to the applicable taxing authority or to the other Party for remittance to such taxing authority. The Parties will cooperate and communicate with each other and with third-party providers to effectuate withholding and remittance of taxes,
as well as required tax reporting, in a timely, efficient and appropriate manner.

Section 8.5 . Following the
Distribution Effective Time, the entitlement to Tax deductions in respect of Adjusted Company RSU Awards, Adjusted Company Option Awards, Adjusted Post-2025 PRSU Awards, Adjusted Company DSU Awards, SpinCo RSU Awards, SpinCo Post-2025 PRSU Awards,
SpinCo DSU Awards and SpinCo Option Awards, as applicable, shall be governed by of the Tax Matters Agreement.

Section 8.6 .

(a) Compensation Committee Discretion. The Compensation Committee of the Company Board (the “”) may provide for different treatment of Company Equity Awards from the treatment set forth in this with respect to some or all of the Company Equity Awards to the extent that the Company Compensation
Committee deems such different treatment necessary and appropriate and in accordance with the terms of the applicable Company Equity Plan, and any such changes to the treatment of Company Equity Awards shall be deemed to have been incorporated by
reference herein as if fully set forth above and binding on the Parties and their respective Affiliates; , that the Company Compensation Committee shall not exercise discretion to accelerate the vesting of any such Company Equity
Awards.

(b) Equity Awards in Certain Non-U.S.Jurisdictions. Notwithstanding the foregoing provisions of this
, the provisions of this may be modified by the Parties to the extent necessary to address legal, regulatory or tax issues or requirements and/or to avoid undue cost or administrative burden
arising out of the application of this to equity-based incentive compensation awards subject to non-U.S. Laws (including, without limitation, by modifying to
this Agreement). For the avoidance of doubt, the Parties may provide for different adjustments with respect to some or all SpinCo Equity Awards or Adjusted Company Equity Awards to the extent that the Parties deem such adjustments necessary and
appropriate. Any adjustments made by the Parties shall be deemed to have been incorporated by reference herein as if fully set forth above and shall be binding on the Parties and their respective Subsidiaries and Affiliates. Additionally,
notwithstanding the provisions set forth in , and , in calculating the number of SpinCo Shares subject to SpinCo RSU
Awards and the number of Company Shares subject