Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 92

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 92
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 to the original Award and, if any such dividends and distributions
are paid in cash, such dividends and distributions shall be accumulated during the Restricted Period and performance period, if any (without
interest), and (A) paid if and when, and only to the extent that, the applicable Award is earned and/or vested or (B) forfeited, if and
when, and to the extent that, the applicable Award is forfeited prior to earning and/or vesting. Any dividend and distribution equivalent
rights shall be paid in a manner that either complies with, or is exempt from, Section 409A of the Code.

Section 16.Change of Control. Notwithstanding any
other provision of this Plan or any provision of an Award Agreement, in the event the Committee determines that there has been or will
be a Change of Control of the Company, a Participant’s Awards shall be Accelerated as set forth below; provided, that if the Participant has in effect an employment, offer letter, retention, change of control, severance or similar agreement with the Company or any Subsidiary that determines the effect of Change of Control on the Participant’s Awards, then such agreement shall take precedence over the terms of the Award Agreement. Such treatment may (but not automatically) include, without limitation,
the Accelerated vesting of Stock Options and Stock Appreciation Rights, release of restrictions applicable to Restricted Stock or Restricted
Stock Units, or deeming Performance Stock, Performance Stock Units or other performance-based Awards to have been earned.

(a)With respect to Non-Employee Directors, upon the occurrence of a Change of Control;

(b)With respect to any Employee, upon the occurrence of a Change of Control as described in subsection (i) of the definition of “Change
of Control”;

(c)With respect to any Employee who Resigns for Good Reason or whose Active Status is terminated, within 1 year after a Change of Control
as described in subsection (ii) or (iii) of the definition of “Change of Control”;

(d)With respect to any Employee, upon the occurrence of a Change of Control described in subsection (iv) of the definition of “Change
of Control,” provided that such Awards have not otherwise been assumed or an equivalent award substituted by such successor entity
or a parent or subsidiary of such successor entity; and

(e)With respect to any Employee who Resigns for Good Reason or whose Active Status is terminated, within 1 year after a Change of Control
described in subsection