Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 302

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 302
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 and evidence of insurability requirements with respect to participation and coverage requirements applicable to the Continuing Employees eligible to participate in such New Benefit Plan (and their eligible dependents and beneficiaries), to the extent such limitations were waived, satisfied or did not apply to such employees or eligible dependents or beneficiaries under the corresponding welfare Employee Plan in which such employees participated immediately prior to the Effective Time, (ii) provide such Continuing Employees and their eligible dependents and beneficiaries with credit for any co-payments and deductibles paid prior to the Effective Time in satisfying any analogous deductible or out-of-pocket maximum requirements to the extent applicable under such New Benefit Plan, and (iii) credit the accounts of each Continuing Employee pursuant to any Parent or Subsidiary benefit plan that is a flexible spending plan with any unused balance in the account of such Continuing Employee for the year in which the closing occurs. All vacation or paid time off accrued by Continuing Employees under the vacation or paid time off policies of the Company shall be carried over by Parent or the employing Subsidiaries, as applicable, and shall be permitted to be maintained up to the levels permitted under the applicable policy of the Company and shall not be subject to accrual limits or other forfeiture and shall not limit future accruals.

(e) The provisions of this Section 7.5 are solely for the benefit of the parties to this Agreement, and no Company Employee, Continuing Employee or any other Person (including any beneficiary or dependent thereof) shall be regarded for any purpose as a Third Party beneficiary of this Agreement, and no provision of this Section 7.5 shall create such rights in any such Persons in respect of any benefits that may be provided, directly or indirectly, under any Employee Plan or any compensation or benefit plan, program, agreement or policy of Parent or any of its Subsidiaries. Nothing contained herein (including Section 5.10 and Section 5.13 ) shall, or shall be construed so as to (i) to prevent or restrict in any way the right of Parent, the Surviving Corporation or any of Parent’s other Affiliates to terminate, reassign, promote or demote any employee, consultant, director or other service provider (or to cause any of the foregoing actions) at any time following the Effective Time, or to change (or cause the change of) the terms and conditions of employment or service of any such employee, consultant, director or other service provider at any time following the Effective Time, (ii) as an amendment to, modification, termination or establishment