Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 284

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 284
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 employees for travel and other business-related expenses, in each case in the ordinary course of business and in compliance with the Company’s (or applicable Subsidiary of the Company’s) policies related thereto, or (C) loans, advances or capital contributions to, or investments in, wholly-owned Subsidiaries of the Company;

(vii) incur any indebtedness for borrowed money or guarantees thereof, other than any indebtedness or guarantee incurred between the Company and any of its wholly-owned Subsidiaries or between any of such wholly-owned Subsidiaries; provided, however, that trade accounts payable incurred in the ordinary course of business shall not be considered indebtedness for purposes of this Section 6.1(b)(vii) ;

(viii) other than as required by the terms of an Employee Plan as in effect on the date hereof and disclosed to Parent or except as otherwise provided for in this Agreement or by Applicable Law and subject to Section 6.1(b)(iii) , (A) announce or accelerate the vesting or payment of, or grant any compensatory equity award, (B) increase any severance or termination pay (or amend any existing severance pay or termination arrangement) for the benefit of any of the employees, directors, or other service providers of the Company or its Subsidiaries, except for increases or amendments in the ordinary course of business with respect to an employee of the Company or its Subsidiaries with annual base salary of less than $250,000, (C) establish, adopt, enter into or materially amend any material service, consulting, deferred compensation or other similar material Contract, (D) increase compensation or bonus opportunity payable or to become payable or benefits provided under an Employee Plan or otherwise, in each case except for increases in the ordinary course of business with respect to a current employee of the Company or its Subsidiaries not to exceed the greater of an amount equal to five percent (5%) of each such employee’s compensation or bonus or an amount of $10,000, as applicable, (E) establish, adopt, materially amend or terminate any material Employee Plan (other than general changes to the Company’s health and welfare plans made during the open enrollment process in the ordinary course of business), (F) hire any new employees, unless such hiring is in the ordinary course of business and is with respect to employees having an annual base salary and incentive compensation opportunity not to exceed $250,000, or (G) terminate, other than for Cause