On November 15, 2024, Paramount Global's Board of Directors' Compensation Committee adopted a cash-based transaction award program. This program is part of the Transaction Agreement with Skydance Media and other parties, aimed at ensuring successful operations and retaining key employees until the transaction's completion. Doretha F. Lea, EVP of Global Public Policy and Government Relations, and Nancy Phillips, EVP and Chief People Officer, are each eligible for a $1M Transaction Award, equivalent to their annual base salary. Payment is contingent upon the transaction's closing. The Transaction Award Program details are outlined in the Award Letter, attached as Exhibit 10.1. This initiative underscores Paramount's commitment to maintaining leadership stability during the transition.

On November 15, 2024, Paramount Global's Board of Directors' Compensation Committee adopted a cash-based transaction award program. This program is part of the Transaction Agreement with Skydance Media and other parties, aimed at ensuring successful operations and retaining key employees until the transaction's completion. Doretha F. Lea, EVP of Global Public Policy and Government Relations, and Nancy Phillips, EVP and Chief People Officer, are each eligible for a $1M Transaction Award, equivalent to their annual base salary. Payment is contingent upon the transaction's closing. The Transaction Award Program details are outlined in the Award Letter, attached as Exhibit 10.1. This initiative underscores Paramount's commitment to maintaining leadership stability during the transition.