Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 86

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 86
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 the Restricted Stock Units relate. In the Discretion of the Committee,
such amount may be paid in cash, Common Stock, other property or any combination thereof. If paid in Common Stock, the Company shall deliver
to the Participant the stock certificates for such shares; provided that the Committee may determine instead that such shares shall be
evidenced by book-entry registration.

| A-10 |

Section 10.Performance Stock and Performance Stock Units.Subject to the terms of this Plan, the Committee may grant to a Participant the right to earn Performance Stock and Performance Stock
Units with respect to a specified number of shares of Common Stock. The terms in this Section 10 shall apply to other Awards as appropriate
to the extent they are subject to the attainment of one or more performance goals. An Award Agreement for the Performance Stock and Performance
Stock Units granted to Participants under this Plan shall include the following terms and conditions (and to such other terms and conditions
prescribed by the Committee):

(a)
Performance Goals; Performance Period.The Participant’s right to earn Performance Stock and Performance Stock Units shall
be subject to the attainment of one or more performance goals over a performance period prescribed by the Committee. In connection with
any such Award, the performance goal, specific targets and other details of the performance goal applicable to such Award shall be established
by the Committee in its Discretion. Performance goals with respect to a performance period may differ from Participant to Participant
and from Award to Award. The Committee shall have the authority to make equitable adjustments to the performance goals as may be determined
by the Committee, in its sole Discretion.

(b)
Rights as a Shareholder. A Participant shall have no ownership interest in shares of Common Stock with respect to which Performance
Stock or Performance Stock Units are granted.

(c)
Vesting. Unless the Committee determines otherwise, the Award Agreement shall provide for the forfeiture of the non-vested shares
of Common Stock underlying Performance Stock or Performance Stock Units upon the termination of a Participant’s Active Status.

(d)
Settlement of Performance Stock and Performance Stock Units. Shares or cash shall be issued to a Participant (in whole or in part,
as applicable) pursuant to an Award of Performance Stock or Performance Stock Units, respectively, only after (i) expiration of the
performance period and attainment of the applicable performance goals, and (ii) approval by the Committee that the performance goals
and any other material terms of the Award have been attained or satisfied. If the performance goals applicable to an Award of Performance
Stock or Performance