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

Company: MICROVISION, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 28
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centive Plan (which we refer to as the 2020 Plan), have been reserved but not
issued pursuant to any awards granted under the 2020 Plan and are not subject to any awards granted thereunder, plus (ii) any shares
subject to awards granted under the 2020 Plan that, after the 2020 Plan is terminated or expires, expire or otherwise terminate without
having been exercised or issued in full or are forfeited to or repurchased by the company due to failure to vest, with the maximum number
of shares to be added to the 2022 Incentive Plan pursuant to clause (b) above equal to 3.5 million shares. In addition, shares may become
available for issuance under the 2022 Incentive Plan as described in the next paragraph. The shares may be authorized, but unissued,
or reacquired common stock. As of February 28, 2025, the number of shares subject to awards outstanding under the 2022 Incentive
Plan was 12.2 million shares.

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If an award granted under the 2022 Incentive Plan
expires or becomes unexercisable without having been exercised in full, or, with respect to restricted stock, restricted stock units,
or performance awards is forfeited to or repurchased by the company due to the failure to vest, the unpurchased shares (or for awards
other than options or stock appreciation rights, the forfeited or repurchased shares) which were subject thereto will become available
for future grant under the 2022 Incentive Plan (unless the 2022 Incentive Plan has terminated). With respect to stock appreciation rights,
the gross shares granted pursuant to a stock appreciation right will cease to be available under the 2022 Incentive Plan. Shares that
actually have been issued under the 2022 Incentive Plan under any award will not be returned to the 2022 Incentive Plan and will not become
available for future distribution under the 2022 Incentive Plan; provided, however, that if shares issued pursuant to awards of restricted
stock, restricted stock units or performance awards are repurchased by the company or are forfeited to the company due to the failure
to vest, such shares will become available for future grant under the 2022 Incentive Plan. Shares used to pay the exercise price or purchase
price of an award and/or used to satisfy the tax withholding obligations related to the award