Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 37

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 37
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 policy or in order to comply with applicable laws.

Termination or Amendment

The 2022 Incentive Plan will continue in effect until
terminated pursuant to its terms, but no options that qualify as incentive stock options may be granted after 10 years from the earlier
of Board or shareholder approval of the 2022 Incentive Plan. The Administrator may amend, alter, suspend or terminate the 2022 Incentive
Plan at any time, provided that the company will obtain shareholder approval of any amendment to the extent approval is necessary and
desirable to comply with any applicable laws. No amendment, alteration, suspension or termination will materially impair the rights of
any participant unless mutually agreed otherwise between the participant and the Administrator.

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Federal Tax Aspects

The following summary is intended only as a general
guide to the material U.S. federal income tax consequences of participation in the 2022 Incentive Plan. The summary is based on existing
U.S. laws and regulations, and there can be no assurance that those laws and regulations will not change in the future. The summary does
not purport to be complete and does not discuss the tax consequences upon a participant’s death, or the provisions of the income
tax laws of any municipality, state or non-U.S. country in which the participant may reside. As a result, tax consequences for any particular
participant may vary based on individual circumstances.

Incentive Stock Options

An optionee recognizes no taxable income for regular
income tax purposes as a result of the grant or exercise of an incentive stock option qualifying under Section 422 of the Code. Optionees
who neither dispose of their shares within two years following the date the option was granted nor within one year following the exercise
of the option normally will recognize a capital gain or loss equal to the difference, if any, between the sale price and the purchase
price of the shares. If an optionee satisfies such holding periods upon a sale of the shares, the company will not be entitled to any
deduction for federal income tax purposes. If an optionee disposes of shares within two years after the date of grant or within one year
after the date of exercise (a “disqualifying disposition”), the difference between the fair market value of the shares on
the exercise date and the option exercise price (not to exceed the gain realized on the sale if the disposition is a transaction with
respect to which a loss, if sustained, would be recognized) will be taxed as