Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 298

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 298
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 successors, heirs or representatives.

Section 7.5 Employee Matters.

(a) For a period of twelve (12) months following the Effective Time (the “

#### Continuation Period
”), Parent shall provide or cause the Surviving Corporation to provide to each individual who is a Company Employee immediately prior to the Effective Time and continues to be employed immediately following the Effective Time by Parent or the Surviving Corporation or any Subsidiary thereof (each, a “

#### Continuing Employee
”), (i) a base salary or hourly wage rate that is not substantially less than that provided to such Continuing Employee immediately prior to the Closing Date, (ii) target short-term cash incentive opportunities (including annual cash bonuses, but excluding commissions or other incentives, long-term incentives and equity or equity-based compensation or opportunities) that are substantially similar, in the aggregate, to those provided to such Continuing Employee immediately prior to the Closing Date (including annual cash bonuses, but excluding commissions or other incentives, long-term incentives and equity or equity-based compensation or opportunities), unless the Continuing Employee’s classification under the Fair Labor Standards Act changes following the date hereof, and (iii) other employee benefits (excluding any equity or equity-based, nonqualified deferred compensation, retention, severance, incentive, bonus, change in control or transaction compensation or arrangements, and defined benefit pension and post-employment welfare benefits) that are substantially comparable in the aggregate, to those provided to such Company Employee by the Company or the applicable Subsidiary immediately prior to the Closing Date under the Employee Plans set forth in Section 4.17(a) of the Company Disclosure Schedule (excluding any equity or equity-based, nonqualified deferred compensation, retention, severance, incentive, bonus, change in control or transaction compensation or arrangements and defined benefit pension and post-employment welfare benefits).

(b) During the Continuation Period, Parent shall provide or cause the Surviving Corporation to provide each Continuing Employee whose employment is terminated by Parent or one of its Subsidiaries with severance benefits and on terms and conditions, in each case, that are no less favorable than the severance payments and benefits that an individual at Continuing Employee’s level is eligible to receive pursuant to the severance guidelines set forth in Section 7.5(b) of the Company Disclosure Schedule.

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(c) During the Continuation Period, with respect to any employee benefit plan, program or arrangement sponsored by Parent, the Surviving Corporation or any other Subs