Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 172

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 172
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 (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 of the Merger Agreement; and

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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 Continuing Employee by TrueCar or the applicable subsidiary thereof immediately prior to the Closing Date under the Employee Plans identified in the TrueCar 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).

In addition, during the Continuation Period:

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Parent will 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 such Continuing Employee’s level is eligible to receive pursuant to the severance guidelines set forth in the TrueCar Disclosure Schedule;

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with respect to any employee benefit plan, program or arrangement sponsored by Parent, the Surviving Corporation or any other subsidiary of Parent in which a Continuing Employee is eligible to participate after the Effective Time in substitution for a similar Employee Plan in which such Continuing Employee participated immediately prior to the Effective Time, Parent will use, and shall cause the Surviving Corporation to use, reasonable best efforts to cause such employee benefit plan, program or arrangement (each, a “

#### New Benefit Plan
”) to treat, for purposes of determining such Continuing Employee’s: (i) eligibility to participate, vesting (other than with respect to vesting of equity and equity-based compensation and awards); and (ii) solely with respect to severance, vacation and similar paid time off, level of benefits, each Continuing Employee’s service with TrueCar or any of its subsidiaries (as well as service with any predecessor employer of TrueCar or any such subsidiary, to the extent service with the predecessor employer is recognized by the