Extract to table

While both Holliday and Vasquez-Park are expected to continue in their respective roles post-closing, the existence of these contractual rights must be addressed in the SPA and ancillary documentation

The treatment of outstanding options, including mechanics of cancellation and cash-out, employer payroll tax withholding obligations, and related matters, must be addressed in the SPA

If Solara intends to merge, terminate, or amend the 401(k) plan post-closing, appropriate procedures under ERISA and the Internal Revenue Code must be followed

Vasquez-Park, the combination of change-of-control severance payments, any accelerated vesting of equity awards, and other payments contingent on the change of control must be analyzed under Section 280G

Holliday rolls over $25,000,000 of equity value into Solara Fleet Holdings LLC, the treatment of the rollover equity under Section 280G must be carefully analyzed

The ISO/NQO mix has significant tax implications for both the option holders and the Company (as employer) and must be determined prior to closing