Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 87

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 87
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 Stock Units 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 shall 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. After attainment of the applicable performance
goals and approval by the Committee pursuant to this Section 10(d), the Company shall pay to the Participant an amount equal to the then
Fair Market Value of the shares or cash to which the Award of Performance Stock or Performance Stock Units, respectively, relate. In the
Discretion of the Committee, such amount owing may be paid in cash, Common Stock, other property or any combination thereof. If paid in
Common Stock, the Company shall deliver to the Participant stock certificates for such shares; provided that the Committee may determine
instead that such shares shall be evidenced by book-entry registration.

Section 11.Other Stock-Based Awards. The Committee
may grant to Participants such 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 purposes of
this Plan; provided, however, that such grants must comply with applicable law. Without limitation, 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.

Section 12.Non-Employee Director Limit. Notwithstanding
any provision to the contrary in this Plan or in any other agreement, plan, policy or program regarding the compensation of Non-Employee
Directors, the sum of any cash compensation received by any individual for service as an 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 shall not exceed $600,000 in any calendar year (the “Non-Employee Director Limit”).

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Section 13.Investment Purpose. If the Committee,
in its Discretion, determines that as a matter of law such