Company: TRUE
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-033025
Chunk: 64

Company: TrueCar, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 64
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2023 PSUs or the Series 2024 PSUs, they will be settled on or shortly after the change in control; otherwise, they will be settled immediately before the change in control. If the Executive dies or becomes disabled before the end of the performance period and before a change in control, the PSUs will immediately vest at target levels and each PSU will be settled for one share of our common stock. If a change in control occurs while the Executive remains employed with us, his or her PSUs will settle at the CIC Achievement Level, subject to his or her continued employment through the end of the performance period, unless the acquiring entity does not assume the PSUs, in which case they vest and are settled immediately before the change in control. If the Executive is terminated without cause or resigns for good reason after a change in control but before the end of the performance period, then, subject to the Executive signing a release of claims agreement with us, the Series 2023 PSUs and Series 2024 PSUs will vest and be settled promptly after the termination. With respect to the Series 2023 PSUs and Series 2024 PSUs, if a change in control occurs before the end of the performance period, if the Executive 46 TABLE OF CONTENTS 2025 ANNUAL PROXY STATEMENT is retirement eligible or later becomes retirement eligible before the end of the performance period, a pro rata portion of the Series 2023 PSUs or Series 2024 PSUs will immediately vest and be settled at the CIC Achievement Level, with the proration determined by dividing the total number of days between the beginning of the performance period and the change in control date (or, if later, the date he or she became retirement eligible) by the total number of days in the performance period. If the Executive dies or becomes disabled after a change in control but before the end of the performance period, his or her PSUs will immediately vest and will be settled at the CIC Achievement Level. Definitions Except as noted, the description below applies to the Reigersman Employment Agreement and each of the Executive Employment Agreements, and each agreement refers to Messrs. Reigersman, Foley, Swart, Ku and Ms. Angel, as applicable, as the “Executive.” The following are summaries of the definitions included in the Reigersman Employment Agreement and the Executive Employment Agreements and the PSU award agreement, and are qualified in their entirety by reference to the Reigersman Employment Agreement, the Executive Employment Ag