Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 112

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 112
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, briefs, filings, arguments, proposals and submissions and (iv) if a party receives a request for information or documentary material from any governmental
authority with respect to the Share Purchase Agreement or the Transactions, make, or cause to be made and cause its affiliates to cooperate in making, as soon as reasonably practicable and after consultation with the other party, a response which
is, at minimum, in substantial compliance with such request; provided that each of the foregoing is subject to certain exceptions and limitations as provided in the Share Purchase Agreement.

Each party also agreed not to, and to cause its affiliates not to, take any action or enter into any transaction, or any agreement to effect
any transaction (including any merger or acquisition), the effect of which would reasonably be expected to materially delay the obtaining of, or materially increase the risk of not obtaining, any of the Required Antitrust Approvals, the Required FDI
Approvals, the DCSA Approval or the Required Telecommunications Approvals.

Employee Matters

Except to the extent otherwise required by applicable Law, for the period commencing as of the Closing and ending on the earlier of
(x) the date that is 12 months following the date of the Closing (such date of the Closing, the “Closing Date”) and (y) the date of termination of the applicable employee’s employment, SES agreed to provide each individual
who is employed by Intelsat and its subsidiaries prior to the Closing (such employees, collectively, “Continuing Employees”) with (A) base salaries or base wages that are no less favorable than the base salaries or base wages provided
by Intelsat and its subsidiaries immediately prior to the Closing, (B) target short-term cash incentive opportunities that are no less favorable than the target short-term cash incentive opportunities provided by Intelsat and its subsidiaries,
(C) target long-term incentive opportunities provided by SES and its subsidiaries to their similarly-situated employees and (D) the greater of employee benefits (excluding change in control and retention bonus, and long-term, equity or
equity-based incentives) substantially comparable in the aggregate to the employee benefits (excluding change in control and retention bonus, and long-term, equity or equity-based incentives) provided by (I) Intelsat and its subsidiaries
immediately prior to the Closing or (II) SES and its subsidiaries to their similarly-situated employees from time to time.

Except to
the extent otherwise required by applicable Law, SES has agreed to (i) give each Continuing Employees full credit