Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 130

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 130
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 during the eighteen (18) months following his termination (which Mr. Reigersman may, but does not have to, use toward his 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 Mr. Reigersman with the COBRA Coverage or these cash payments.

Pursuant to the Company’s employment agreement with each of Messrs. Foley and Swart and Ms. Angel, if the Company terminates the executive’s employment for a reason other than “cause” (and not by reason of the executive’s death or “disability”) or the executive resigns from his or her employment for “good reason,” and in each case, the termination occurs upon the closing of a “change in control” or later (each as defined in the respective employment agreement), then he or she will receive: (i) continuing payments 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