Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 70

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 70
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 promulgated under such provision.

(k)
“Committee” means, subject to Section 3(a), the Compensation Committee of the Board (or any successor committee thereof
with the same or similar authority) or such other committee of the Board designated by the Board to administer this Plan and composed
of two or more Directors, each of whom may be a “non-employee director” as defined in Rule 16b-3 promulgated under the Exchange
Act.

(l)
“Common Stock” means shares of common stock, without par value, of the Company.

(m)
“Company” or “CPS” means Consumer Portfolio Services, Inc., a California corporation, or any successor
thereof.

(n)
“Consultant” means any person, except an Employee, engaged by the Company or any Subsidiary of the Company, to render
personal services to such entity, including as an advisor, pursuant to the terms of a written agreement.

(o)
“Director” means a member of the Board.

(p)
“Disability” shall mean (i) in the case of a Participant whose employment with the Company or a Subsidiary is
subject to the terms of an employment or consulting agreement that includes a definition of “Disability” as used in this Plan
shall have the meaning set forth in such employment or consulting agreement during the period that such employment or consulting agreement
remains in effect, and (ii) in all other cases, the term “Disability” as used in this Plan shall have the same meaning
as set forth under the Company’s long-term disability plan applicable to the Participant as may be amended from time to time, and
in the event the Company does not maintain any such plan with respect to a Participant, a physical or mental condition resulting from
bodily injury, disease or mental disorder which renders the Participant incapable of continuing such Participant’s usual and customary
employment with the Company or a Subsidiary, as the case may be, for a period of not less than 120 days or such other period as may
be required by applicable law.

(q)
“Discretion” means in the sole discretion of the Committee, with no requirement whatsoever that the Committee follow
past practices, act in a manner consistent with past practices, or treat a Participant in a manner consistent with the treatment afforded
other Participants with respect to this Plan, which may be set forth in an Award Agreement or otherwise.

(r)
“Effective Date” shall have the meaning set forth in Section