Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 76

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 76
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, reorganization or similar transaction.

(xx)
“Unrestricted Stock” means Common Stock issued under this Plan that is not subject to either a risk of forfeiture or
Restricted Period.

Section 3.Administration.

(a)
Administration of this Plan by the Committee and Other Persons. This Plan shall be administered by the Committee; provided that
the Committee may delegate all or a portion of its powers, authority and obligations under this Plan (and any Award Agreement), including
the authority to grant Awards without further approval of the Board or Committee, to (i) one or more separate committees consisting of
members of the Committee or other members of the Board who are Eligible Directors or (ii) one or more officers of the Company, or such
persons’ delegate(s) who are officers of the Company, to the extent permitted under California corporate law and excluding any grants
of Awards to Participants who are subject to Section 16 of the Exchange Act. All references in this Plan to the “Committee”
also shall be deemed to refer to the foregoing Persons in this Section 3(a) as applicable.

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(b)
Authority of the Committee. Subject to the provisions of this Plan, the Committee shall determine, from those who are or become
eligible to be Participants under this Plan in accordance with Section 6, the individuals or class of individuals to be granted Awards,
the type of Awards and the amount or maximum amount of Common Stock or rights covered by Awards to be granted to each such individual
or class of individuals, and the terms and conditions of any Awards, including but not limited to, the rights of Participants with respect
to an Award upon any termination of employment or service or Change of Control, under what circumstances the vesting of any Award will
be Accelerated, and to what extent and under what circumstances an Award may be settled, cancelled, forfeited, exchanged or surrendered.
In addition to the authority specifically granted to the Committee in this Plan and subject to Section 21, the Committee is authorized
to: interpret this Plan; promulgate, amend and rescind rules and regulations relating to this Plan; correct any defect, supply any omission
or reconcile any inconsistency in this Plan or in any Award Agreement in the manner and to the extent it deems necessary to carry out
the intent of this Plan or an Award Agreement; and make all other determinations necessary or advisable for administration of this Plan.
Interpretation and construction of any provision of this Plan by the Committee shall be final and conclusive.

Section