Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 265

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 265
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 or any of its Subsidiaries.

(j) No claim (other than routine claims for benefits) or Proceeding is pending or, to the Company’s Knowledge, threatened with respect to (or against the assets of) any Employee Plan. To the Company’s Knowledge, no Employee Plan is the subject of an on-going, audit, examination, investigation or other Proceeding by any Governmental Authority, nor has the Company been notified that any such audit, examination, investigation or Proceeding is pending or under consideration by any Governmental Authority.

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(k) Except as expressly contemplated by this Agreement, neither the execution and delivery of this Agreement nor the consummation of the Transactions (either alone or upon the occurrence of any additional or subsequent event, including a subsequent termination of employment or service) could: (i) entitle any current or former employee, officer, director, consultant, independent contractor, or other service provider of or to the Company or any of its Subsidiaries to severance, unemployment compensation, bonus retention or change of control payments or benefits or to any other payment (whether under an Employee Plan or otherwise and whether in cash or equity); (ii) otherwise increase the amount or value of any benefit or compensation due or otherwise payable or required to be provided to any current or former employee, officer, director, consultant, independent contractor or other service provider of or to the Company or any of its Subsidiaries or forgive any indebtedness owed by any such individual; (iii) result in any benefit or right becoming established or increased, or accelerate the time of payment, vesting or funding of any benefit under any Employee Plan; (iv) require the Company, the Surviving Corporation, Parent or any of their respective Subsidiaries or Affiliates to transfer or set aside any assets to fund or otherwise provide for any benefits for any current or former employee, officer, director, consultant, independent contractor or other service provider of or to the Company of any of its Subsidiaries; or (v) impair any of the rights of the Company, the Surviving Corporation, Parent or any of their respective Subsidiaries or Affiliates under or with respect to any Employee Plan, including the right to amend, terminate, merge or transfer the assets of any Employee Plan.

(l) (i) The Company and its Subsidiaries are, and during the past four (4) years have been, in material compliance with