Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 253

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 253
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 Company Retained Non-Qualified Plan and each Company Splitting Non-Qualified Plan.

“” means an option to purchase Company Shares granted under a Company Equity Plan.

“” means any individual who is a Company Group Employee, a Former Company Group Employee or a
beneficiary, dependent or alternate payee of any of the foregoing.

“” means any Benefit Plan sponsored or
maintained by the Company or any Company Group Member.

“” means an award of units under a Company
Equity Plan representing a general unsecured promise by the Company to deliver Company Shares (or the cash equivalent thereof) upon the satisfaction of a performance-based vesting condition.

“” means each Benefit Plan separately identified
on to this Agreement as a Company Retained Non-Qualified Plan.

“” means each Benefit Plan separately identified
on to this Agreement as a Company Retained Non-U.S. DB Plan.

-3-

“” means an award of units under a Company Equity Plan
representing a general unsecured promise by the Company to deliver Company Shares (or the cash equivalent thereof) upon the satisfaction of a vesting requirement (other than a performance based vesting requirement).

“” shall mean “Company Shares” (as defined in the Separation Agreement).

“” means each Benefit Plan separately
identified on to this Agreement as a Company Splitting Non-Qualified Plan.

“” means each Benefit Plan separately identified
on to this Agreement as a Company Splitting Non-U.S. DB Plan.

“” means the Warner Bros. Discovery, Inc. Supplemental Retirement Plan.

“” means
the quotient obtained by dividing() the Pre-Spin Company Stock Value by () the sum of () the Distributed SpinCo Stock Value and
() the Post-Spin Company Stock Value.

“” means employees who are
transferred or assigned from a Company Group Member to a SpinCo Group Member pursuant to .

“” shall have the meaning set forth in .

“” means services of the type provided by employees in the following Group corporate functions: () Enterprise Technology & Operations, () Finance, () Global Content Operations,
() Global Business Services, () U.S. Ad Sales, () People and Culture, () Legal, () Distribution, () Communications and Government Affairs, () Revenue and
Strategy Communications and Leadership, (xiii) Procurement, () Real Estate, () Transformation, () Corporate Development & Strategy, () Aviation & Security, and
() the Office of the Chief Executive Officer.

“” means the
product obtained by multiplying () the Post