Company: MVIS
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001641172-25-006436
Chunk: 35

Company: MICROVISION, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 35
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 without limitation, that (i) awards will be assumed, or substantially
equivalent awards will be substituted, by the acquiring or succeeding corporation or its affiliate with appropriate adjustments as to
the number and kind of shares and prices; (ii) upon written notice to a participant, that the participant’s awards will terminate
upon or immediately before the consummation of such merger or change in control; (iii) outstanding awards will vest and become exercisable,
realizable or payable or restrictions applicable to an award will lapse, in whole or in part, before or upon consummation of such merger
of change in control, and, to the extent the Administrator determines, terminate upon or immediately before the effectiveness of such
merger or change in control; (iv) (A) the termination of an award in exchange for an amount of cash and/or property, if any, equal
to the amount that would have been attained upon the exercise of such award or realization of the participant’s rights as of the
date of the occurrence of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the
Administrator determines in good faith that no amount would have been attained upon the exercise of such award or realization of the participant’s
rights, then such award may be terminated by the company without payment), or (B) the replacement of such award with other rights
or property selected by the Administrator in its sole discretion; or (v) any combination of the foregoing. In taking any of the actions
permitted by the 2022 Incentive Plan, the Administrator will not be obligated to treat all awards, all awards held by a participant, all
awards of the same type, or all portions of awards, similarly in the transaction.

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If the successor corporation (or an affiliate thereof)
does not assume or substitute for the award (or portion thereof), the participant will fully vest in and have the right to exercise the
participant’s outstanding options and stock appreciation rights (or portion thereof) that is not assumed or substituted for, all
restrictions on restricted stock, restricted stock units, performance awards (or portions thereof) not assumed or substituted for will
lapse, and, with respect to such awards with performance-based vesting (or portions thereof), all performance goals or other vesting criteria
will be deemed achieved at 100% of target levels and all other terms and conditions met, in each case, unless specifically provided otherwise
by the Administrator or