Company: TRUE
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-033025
Chunk: 58

Company: TrueCar, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 58
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 27, 2023 (the “Reigersman Employment Agreement”). Pursuant the Reigersman Employment Agreement, Mr. Reigersman was eligible for an annual performance-based bonus, to receive awards of stock options, restricted stock or other equity awards pursuant to any plans or arrangements we may have in effect from time to time and to participate in our executive benefit plans and programs on the same terms and conditions as other similarly-situated employees. Please see “Potential Payments upon Termination, Change in Control or Certain Other Events” below for additional information about the Reigersman Employment Agreement. Oliver Foley, Jill Angel, Jeffrey Swart and Jay Ku We entered into employment agreements with Mr. Swart as of January 26, 2017 (the “Swart Employment Agreement”), with Mr. Foley as of September 25, 2023 (the “Foley Employment Agreement”), with Mr. Ku as of February 10, 2023 (the “Ku Employment Agreement”) and Ms. Angel on March 10, 2022 in connection with her appointment as Chief People Officer, which was amended on August 16, 2024, to account for her new title in connection with her appointment as Chief Operating Officer. Pursuant to their employment agreements, each of Messrs. Foley, Swart and Ku and Ms. Angel was eligible in 2024 to receive awards of stock options, restricted stock or other equity awards pursuant to any plans or arrangements we may have in effect from time to time and to participate in our executive benefit plans and programs on the same terms and conditions as other similarly-situated employees and for an annual performance-based bonus. Please see “Potential Payments upon Termination, Change in Control or Certain Other Events” below for additional information about the Swart Employment Agreement, the Foley Employment Agreement, the Ku Employment Agreement and the Angel Employment Agreement. 43 TABLE OF CONTENTS 2025 ANNUAL PROXY STATEMENT P otential Payments upon Termination, Change in Control or Certain Other Events Reigersman Employment Agreement Under the Reigersman Employment Agreement, if Mr. Reigersman’s employment is terminated for a reason other than “cause,” or he resigns from his employment for “good reason,” and, in each case, the termination occurs before a “change in control” (as such terms are defined in the Reigersman Employment Agreement), then, subject to Mr. Reigersman’s signing a separation and release of claims agreement with us he will receive as severance: (