Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 84

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 84
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 or in any such
installments during the term of such Award as may be determined by the Committee in its Discretion and set forth in the Award Agreement.
In addition, the Committee may, in its Discretion, condition the vesting of a Stock Option or Stock Appreciation Right on the attainment
of one or more performance goals over a performance period prescribed by the Committee. A Participant may exercise a Stock Option or Stock
Appreciation Right, if then exercisable, in whole or in part, by delivery to the Company of written notice of the exercise, in such form
as the Committee may prescribe, accompanied, in the case of a Stock Option, by payment for the shares of Common Stock in the manner prescribed
in Section 8(c). No Participant shall have any of the rights of a shareholder of the Company in respect of the shares of Common Stock
covered by a Stock Option or Stock Appreciation Right until the actual issuance of shares of Common Stock to said Participant, if any.

| A-9 |

(g)
Term of Stock Options and Stock Appreciation Rights. If not sooner terminated, each Stock Option and Stock Appreciation Right
granted hereunder shall expire not more than 10 years from the date of the grant thereof; provided, however, that with respect to
an Incentive Option granted to a Participant who as of the grant date owns (after applying the attribution rules of Section 424(d)
of the Code) more than 10% of the total combined voting stock of all classes of stock of the Company or any parent or Subsidiary, such
option shall expire not more than 5 years after the date of grant thereof.

Section 9.Restricted Stock or Restricted Stock Units. Subject to the terms of this Plan, the Committee, in its Discretion, may grant to Participants shares of Restricted Stock and/or
Restricted Stock Units with respect to a specified number of shares of Common Stock. An Award Agreement for shares of Restricted Stock
and all Restricted 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)
Restricted Period. At the time of such Award, there shall be established a Restricted Period, which period may differ among Participants
and may have different expiration dates with respect to portions of shares or units covered by the same Award. In addition, the Committee
may, in its Discretion, condition the vesting of Restricted Stock and/or Restricted Stock Units on the attainment of one or