Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 99

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 99
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, and all Benefit Arrangements would be less than the maximum after-tax amount that could be received
by the Participant without causing any such payment or benefit to be considered a Parachute Payment. In the event that the receipt of
any such right to exercise, vesting, payment, or benefit under this Plan, in conjunction with all other rights, payments, or benefits
to or for the Participant under any Other Agreement or any Benefit Arrangement would cause the Participant to be considered to have received
a Parachute Payment under this Plan that would have the effect of decreasing the after-tax amount received by the Participant as described
in clause (ii) of the preceding sentence, then the Participant shall have the right, in the Participant’s sole discretion,
to designate those rights, payments, or benefits under this Plan, any Other Agreements, and any Benefit Arrangements that should be reduced
or eliminated so as to avoid having the payment or benefit to the Participant under this Plan be deemed to be a Parachute Payment, provided
that any such payment or benefit that is excluded from the coverage of Section 409A of the Code shall be reduced or eliminated prior
to the reduction or elimination of any benefit that is related to a 409A Award.

(d)
Creditor Claims. The interests of any Participant under this Plan or any Award shall not be subject to the claims of creditors
and may not, in any way, be assigned, alienated, or encumbered.

(e)
Governing Law. This Plan, and all Awards made pursuant hereto, shall be governed by, construed, and administered in accordance
with the laws of the State of California (regardless of the laws that might otherwise govern under applicable principles of choice of
law or conflicts of laws of such jurisdiction or any other jurisdiction that would cause the application of the laws of any jurisdiction
other than the State of California).

(f)
Rule 16b-3 Under the Exchange Act. It is the intent of the Company that Awards and transactions permitted by Awards be interpreted
in a manner that, in the case of Participants who are or may be subject to Section 16 of the Exchange Act, qualify, to the maximum
extent compatible with the express terms of the Awards, for the exemption from liability provided in Rule 16b-3 promulgated under the
Exchange Act. The Company shall have no liability to any Participant or other person for Section 16 consequences of Awards or events
in connection with Awards if an Award or