Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 273

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 273
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 or Company Health & Welfare Plans on or after the Distribution Date; that, as and to the extent provided in the Transition Services Agreement,
the Company Group shall provide COBRA coverage to such SpinCo Participants under Company Health & Welfare Plans during the Post-Separation Coverage Period. The Parties hereto agree that neither the Transactions nor any transfers of
employment directly from the SpinCo Group to the Company Group or directly from the Company Group to the SpinCo Group that occur before the Distribution Date shall constitute a COBRA “qualifying event” for purposes of COBRA.

-18-

Section 6.4 . Notwithstanding anything
in this Agreement to the contrary, from and after the end of the Distribution Date, the Company Group shall provide or continue to provide retiree or post-employment health benefits in respect of all Former SpinCo Employees who are receiving, or who
are eligible to receive, such benefits under a Company Health & Welfare Plan in effect as of the Distribution Date so long as such benefits under such plan continue to be made available in respect of Former Company Group Employees.

Section 6.5 .

(a) Health& Welfare Claims Generally. From and after the Distribution Date, the Company Group shall retain
responsibility for all Liabilities in respect of claims under Company Health & Welfare Plans incurred by SpinCo Participants while they are receiving coverage under such plans; that SpinCo shall reimburse the Company with
respect to such claims as and to the extent provided for in the Transition Services Agreement. The SpinCo Group shall be responsible for all Liabilities relating to, arising out of or resulting from health and welfare coverage (including COBRA
continuation coverage) for claims incurred by or on behalf of SpinCo Participants under the SpinCo Health & Welfare Plans.

(b)
Disability Benefits Claims. From and after the Distribution Date, () the SpinCo Group shall be responsible for all Liabilities for providing short-term disability benefits to SpinCo Participants, including in respect of
disability claims incurred prior to the Distribution Date, () the Company Group shall retain responsibility for all Liabilities for providing long-term disability benefits to any SpinCo Participant whose disability claim was incurred
prior to the Distribution Date (including SpinCo Participants receiving short-term disability benefits on the Distribution Date who subsequently become eligible to receive long-term disability benefits under such Company Plan) and
() the SpinCo Group shall be responsible for all Liabilities for providing long-term disability benefits to any SpinCo Participant whose disability claim was incurred on or after the Distribution Date.

(c) Incurred