Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 129

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 129
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 of his or her base salary for a period of time beginning immediately after his or her separation of service through the date that is six (6) months after the separation date, plus an additional two (2) months for every fully completed year of service with the Company (measured from his or her original start date with the Company or any predecessor of the Company), but not to exceed a total of twelve (12) months (the “

#### Executive Severance Period
”); (ii) the immediate vesting as to 100% of his or her then-outstanding equity awards that were granted to him or her at least ninety (90) days before the change in control (other than Company PSUs); and (iii) COBRA Coverage for the Executive Severance Period. If the Company cannot provide the COBRA Coverage to which the executive becomes entitled without a violation of applicable laws, the Company may instead provide a monthly cash payment, plus a gross-up amount to cover the taxes on the payment, during the Executive Severance Period (which the executive may, but does not have to, use toward his or her health care continuation costs). If the Company cannot provide these cash payments in lieu of COBRA Coverage without violating applicable law, then the Company will not provide the executive with the COBRA Coverage or these cash payments.

If consummated, the Merger will constitute a change in control for purposes of the employment agreements. Payment of the severance benefits requires the executive to timely execute and not revoke thereafter a separation and release of claims agreement upon or following his or her termination date and continue to comply with a confidential information agreement entered into with the Company. In the event any payment or benefit received by the executive in connection with the Merger would be subject to excise taxes imposed under Section 4999 of the Code, the amount of such payments or benefits provided would be reduced, but only to the extent such reduction results in a greater after-tax benefit to the executive.

For an estimate of the value of the severance benefits for the NEOs, assuming a qualifying termination immediately following the Effective Time, see “— Quantification of Payments and Benefits to Named Executive Officers” below.

#### Arrangements with Parent
As of the date of this proxy statement, no executive officer of TrueCar has entered into any agreement with Parent or any of its affiliates regarding individual employment arrangements with, or the right to purchase or participate in the equity of, the Surviving Corporation or one or more of its affiliates following the consumm