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

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 25
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), and (ii) approval by the Committee that the performance goal and any other
material terms of the Award have been attained or satisfied. If the performance goal(s) applicable to an Award of PSUs or Performance
Stock has not been attained by the end of the performance period, either in whole or in part, the shares or units subject to the Award
will be forfeited and transferred back to the Company by the Participant, in whole or in part, as applicable (as required by the Award
Agreement), without payment of any consideration by the Company. In the discretion of the Committee, the amount paid with respect to PSUs
or Performance Stock may be paid in cash, Common Stock, other property or any combination thereof.

The terms for PSU and Performance Stock will apply
to other Awards as appropriate to the extent they are subject to the attainment of one or more performance goals.

Unless the Committee determines otherwise, the
Award Agreement will provide for the forfeiture of the unvested shares of Common Stock underlying PSUs or Performance Stock upon the termination
of a Participant’s Active Status.

Other Stock Based Awards

The Committee may grant Participants other Awards
that are denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, shares of Common
Stock as are deemed by the Committee, in its discretion, to be consistent with the purpose of the 2025 Equity Plan, provided that such
grants comply with applicable law. Additionally, the Committee may permit a Participant to make a current, outright purchase of shares
of Common Stock, which shares may or may not be subject to any restrictions or conditions, for a price equal to, less than or greater
than the then Fair Market Value of the shares, with the price payable by the Participant in such form and manner and at such time as determined
by the Committee in its discretion.

NON-EMPLOYEE DIRECTOR COMPENSATION LIMIT

The sum of any cash compensation received by any individual for service
as a Non-Employee Director and the grant date fair value (determined in accordance with U.S. generally accepted accounting principles)
of all Awards granted to such individual Non-Employee Director for service in such capacity will not exceed $600,000 in any calendar year.

DIVIDENDS, DISTRIBUTIONS AND EQUIVALENTS

Prior to the issuance of shares of Common Stock
in respect of Stock Options and SARs, no adjustment is made for dividends, distributions or other rights in respect of such shares of