Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 94

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 94
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5 times (2 times for Mr. Wajsgras) the sum of the executive officer’s                    
 then-current base salary, plus the executive officer’s annual target bonus for the fiscal year of the termination; and |

| • |     | Mr. O’Brien and Mr. Wajsgras will also receive COBRA coverage at active employee rates for 18 
 months.                                                                                       |

62

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

Severance benefits are subject to the executive officer timely executing and not revoking a
release of claims in favor of Intelsat and its affiliates and their respective predecessors and successors and the executive officer’s continued compliance with the restrictive covenant obligations.

Under the terms of the Share Purchase Agreement, the parties have agreed that, in recognition of the anticipated impact of the consummation of
the Transactions on the authorities, duties and responsibilities of each of Messrs. Wajsgras and O’Brien and Ms. Bryan (the “Designated Executives”), each Designated Executive will have Good Reason (as defined in the Intelsat
plan applicable to such Designated Executive) effective as of the Closing, subject to continued employment or service with Intelsat or its subsidiaries through the Closing, and, to the extent such individuals terminate employment within 60 days
following the Closing Date, each such Designated Executive will be deemed to have experienced a severance-eligible termination of employment effective as of the date of such termination of employment under the terms of the applicable Intelsat plan,
including such individual’s Executive Agreement. Notwithstanding the foregoing, Ms. Bryan and Mr. O’Brien may (but are not obligated to) individually agree in writing with SES to waive their respective right to resign for
“Good Reason” under clause (i) of the definition of Good Reason in their respective employment agreements, and in the event of any such agreement between any such individual and SES, the Good Reason Acknowledgement will not apply to
such individual.

Annual Bonus Treatment

To the extent the Closing occurs prior to the end of Intelsat’s applicable fiscal year or prior to the payment of such annual incentive
bonuses, the parties intend that such annual incentive bonus be paid out in an amount that is no less than the sum of (i) the pro-rata portion of such annual incentive bonus that such Intelsat employee
would have been entitled to receive under the applicable annual incentive plan determined based on the attainment