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WHEN YOUR EMPLOYMENT ENDS: AN OVERVIEW FOR SALARIED EMPLOYEES ON SEVERANCE

In conjunction with the end of your employment with Hasbro, we have prepared this overview to assist you with the process. The information provided here is only an overview. In the event of a discrepancy between this overview and the governing plan documents or policies, the terms of the plan documents or policies will govern. Health Care

Health care coverage, including the EAP (Employee Assistance Program), continues during your severance period. If you are enrolled in a company-sponsored medical, EAP (Employee Assistance Program), dental or vision plan, at the end of severance, you may be eligible to elect to continue coverage for up to 18 months following the end of your severance period. This coverage continuation is made available under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). You are responsible for the full cost of this coverage. A current rate sheet is included for reference. Rates are subject to change, usually every January 1. If applicable, a COBRA notice describing your rights and responsibilities will be sent to you at the end of your severance period. As an alternative to COBRA, there may be other coverage options for you and your family. For example, you may be eligible to buy a plan through the Health Insurance Marketplace, where you may qualify for lower costs on your monthly premiums and lower out-of-pocket costs. You may qualify for a tax credit that lowers your monthly premiums right away, and you can see what your premium, deductibles, and out-of-pocket costs will be before you make a decision to enroll. Being eligible for COBRA does not limit your eligibility for coverage for a tax credit through the Marketplace. However, electing COBRA may cause you to miss the special enrollment period for the Health Insurance Marketplace or Medicare, so it is important to understand the enrollment periods prior to electing coverage.

Health Savings Account (HSA)

You may continue to contribute to your HSA for as long as you are enrolled in the HealthSaver or HealthSaver Plus Plan, subject to normal IRS rules and annual contribution limits. When your severance ends, you will be responsible for the account maintenance fee which Fidelity will deduct from your HSA annually. If you have questions about your HSA, call Fidelity at 1-800-***-****. Representatives are available 8:30 a.m. to 8:00 p.m. in your time zone on any day the New York Stock Exchange is open.

Disability Income Protection

Your participation in the Short-Term and Long-Term Disability programs ends on your termination date. Life Insurance

Business Travel Accident Insurance ends on your termination date. Your participation in other portions of the Group Insurance Plan (Basic Life and AD&D Insurance, Supplemental Life Insurance, Supplemental AD&D Insurance, and Dependent Life Insurance) ends at the conclusion of your severance. You have up to 31 days following the end of your severance period to elect portability or conversion of your life insurance and AD&D insurance coverage to an individual policy without medical examination. Aflac, formerly known as Zurich, will mail life insurance information, rates and an application to your home. For AD&D portability, contact Zurich at 1-800-***-****. Business Travel Accident Insurance is not eligible for conversion. Dependent Care Flexible Spending Account

If you participate, you can apply for reimbursement for services received up to your termination date. You have until March 31 of the next calendar year to file these claims. After that time, you forfeit any balance remaining in the account.

Retirement Savings Plan

You can choose to receive your vested account balance in a lump sum (cash or rollover) or in installment payments

(quarterly or annual) for up to 5 years. If your vested balance is $5,000 or greater, you are not required to take a distribution. If your vested balance is less than $5,000, you are required to take a final distribution of your account. Review the attached Rollover Options notice to understand possible tax implications on a distribution. To request your distribution, call Fidelity at 1-800-***-****. You need to speak with a Participant Services Representative to request a rollover. Representatives are available 8:30 a.m. to 8:00 p.m. in your time zone on any day the New York Stock Exchange is open.

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If you have an outstanding loan balance, you will need to access the “Loans” section of your account at www.netbenefits.com to set-up your bank account information for you to continue making payments towards your loan(s) while on severance. Loan deductions are not deducted from severance checks. If you do not continue to make payments while on severance, your loan will be considered defaulted; therefore, subject to taxes and potentially penalties. Consult your tax advisor prior to defaulting on your loan. At the end of severance, the outstanding loan balance is due in full. Log on to your account at www.netbenefits.com or contact Fidelity Investments to attain the payoff amount and mailing instructions. If you take a distribution of your 401(k) account prior to paying off your loan, the balance of your loan will automatically be defaulted and subject to taxes and potentially penalties.

Other Programs and Important Information:

Credit Union – Generally if you are a member of the WAVE Federal Credit Union, or the Seattle Metropolitan Credit Union, you can continue to be a member. Please contact the credit union directly to make arrangements for repayment of any outstanding loans that you may have been paying through payroll deductions. Legal Services Plan – You can continue coverage for 30 months by contacting MetLife Legal Group Plans at 1-800-***-****.

Auto & Home - Eligibility for this discount program ends with your policy renewal after your termination date. You may continue your insurance coverage on a direct pay basis. Call 1-800-***-**** to make arrangements for direct pay. The Farmers Insurance Group® (Farmers®) has acquired the MetLife Auto & Home® business from MetLife, Inc. (MetLife).

Moving – If you change your address, it is important to notify Hasbro in writing of the new address for you to continue receiving important communications such as your year-end W-2. A Change of Address Form is included. Non-disclosure Agreement – You continue to be bound by the provisions of Hasbro, Inc.’s Invention Assignment, Proprietary Information and Non-Solicitation Agreement. Severance Pay Process – Direct deposit vouchers or checks if you do not participate in the direct deposit program, will be mailed to your home address. Severance checks only have required statutory deductions and deductions for your HSA contributions, if applicable, and your portion of health, dental, vision, and life insurance contributions. Stock Option Plan – If you are a participant in the Hasbro Stock Option Plan, you have three months from the date of your termination to exercise any of your vested, outstanding options. To exercise any vested options login to your MSSB account or call the MSSB service center. Representatives are available at Morgan Stanley 8:00 a.m. to 5:00 p.m. US Eastern Time by dialing 617-***-**** or 1-800-***-****. Tuition Reimbursement Program – If you are currently enrolled in a course that has already been approved for tuition reimbursement, Hasbro will reimburse you upon successful completion. Please submit the grade report and tuition bill to myHR within 30 days of completion of the course(s). You are not eligible for tuition reimbursement for courses that are not completed before the end of your severance period. Vacation – Earned but unused vacation time will be paid upon termination of employment on a pro-rated basis as follows:

Termination Date Vacation Payable

January 1 – March 31 25% of your annual vacation allocation minus any vacation time used before your termination April 1 – June 30 50% of your annual vacation allocation minus any vacation time used before your termination July 1 – September 30 75% of your annual vacation allocation minus any vacation time used before your termination October 1 – December 31 100% of your annual vacation allocation minus any vacation time used before your termination If you have earned but unused vacation time, vacation is generally paid on the next regular pay date following termination, unless otherwise required by law.

In accordance with the California Vacation Policy, terminated eligible employees in California will be paid for accrued but unused vacation time. Eligible employees that are separated from the Company involuntarily and eligible employees that separate their employment voluntarily and give at least seventy-two (72) hours’ notice will receive payment of earned but unused vacation wages on the last day of employment. Eligible employees that do not give prior notice of their voluntary separation will receive payment of earned but unused vacation within seventy- two (72) hours after giving notice of the employee’s intent to terminate his/her employment. PetFirst Pet Insurance – Call PetFirst by MetLife at 1-866-4638 within 45 days of your termination date to convert to a direct-billed individual policy. Direct bill payment options include pay-by-check or credit card payment. Eligibility for the group discount ends upon the policy renewal following your termination date. T2S-04/2021

Critical Illness Insurance – Continuation of Coverage is available upon your termination on a direct bill basis, at the same rate. MetLife will mail a Continuation of Coverage packet to you soon after your termination date. Identity Theft Protection - Continuation of Coverage is available upon your termination at the same rate. Call Allstate Identity Protection at 1-800-***-**** to convert to a direct-billed individual policy after your termination date.

Your eligibility for all other benefits and programs ends on your termination date. Benefits offered by Hasbro are an important part of our commitment to our employees. However, Hasbro reserves its right to terminate, suspend, withdraw, amend, or modify any of its benefit plans in whole or in part at any time, to the extent permitted by law.