Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 173

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 173
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 TrueCar or such

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TABLE OF CONTENTS

subsidiary) as service with Parent or any of its respective subsidiaries; provided, that such service need not be taken into account to the extent it would result in duplication of benefits for the same period of service or was not taken into account for such purposes under the corresponding Employee Plan;

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with respect to any New Benefit Plan that is a welfare plan, Parent will, and will cause the Surviving Corporation to, use reasonable best efforts to:

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waive all limitations as to preexisting conditions and exclusions and waiting periods and actively-at-work 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;

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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

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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 will be carried over by Parent or the employing subsidiaries, as applicable, and will be permitted to be maintained up to the levels permitted under the applicable policy of the Company and will not be subject to accrual limits or other forfeiture and shall not limit future accruals.

The parties to the Merger Agreement agreed that all provisions contained in the employee matters covenant are solely for the benefit of the parties to the Merger Agreement, and that:

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no: (i) employee of TrueCar or any of its subsidiaries; (ii) Continuing Employee; or (iii) any other Person (including any beneficiary or dependent thereof) will be regarded for any purpose as a third party beneficiary of the Merger Agreement; and

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no provision of the employee matters covenant:

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creates 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