Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 270

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 270
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 of its Subsidiaries; and since the Applicable Date, neither the Company nor any of its Subsidiaries has been affected by any transaction or engaged in layoffs or employment terminations sufficient in number to trigger application of any similar state or local Applicable Law. None of Company’s employees has suffered an “employment loss” (as defined in the WARN Act) within the ninety (90) days preceding the date hereof.

(p) The employment of an employee above the level of Vice President has not been terminated for any reason in the past six (6) months and, to the Company’s Knowledge, no employee at or above the level of Vice President has given the Company formal notice that he or she plans to terminate his or her employment with the Company.

(q) All employees of the Company and its Subsidiaries are employed at will and not subject to any employment Contract with the Company and its Subsidiaries, whether oral or written, that provides for a fixed term of employment or creates a right to for an employee to receive severance pay upon termination.

(r) During the past four (4) years, the Company and/or its Subsidiaries have not been a party to a settlement agreement arising from or resolving allegations of sexual harassment, sexual assault or misconduct of a sexual character. During the past four (4) years, no civil or criminal actions, demands or allegations of sexual assault, sexual harassment, or sexual misconduct have been asserted or threatened against any current officer or director of the Company and/or its Subsidiaries while employed in his or her capacity as an officer, director, or employee of the Company and/or its Subsidiaries.

Section 4.18 Environmental Matters.

Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect:

(a) no written notice, Order, complaint or penalty has been received by the Company or any of its Subsidiaries arising out of any Environmental Laws or relating to Hazardous Substances, and there are no Proceedings pending or, to the Company’s Knowledge, threatened which allege any liability of or violation by the Company or any of its Subsidiaries relating to any Environmental Laws or Hazardous Substances; and

(b) the operations of the Company and its Subsidiaries are in compliance with the terms of applicable Environmental Laws and all environmental permits necessary for their operations.

Section 4.19 Material Contracts.

(a) As of the date hereof, neither the Company nor any of its Sub