Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 53

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 53
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 otherwise caused or contributed to the requirement to prepare an accounting restatement.

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Benefits. Benefits are part of a competitive
compensation package to attract and retain employees, including executives. Our executive officers are eligible to participate in all
of the benefit programs offered to employees. These programs include medical, dental, vision, group life and disability insurance, and
a medical reimbursement plan. Our employees, including our named executive officers, are also eligible to participate in our 401(k) savings
plan, a tax-qualified retirement savings plan pursuant to which all U.S.-based employees are able to contribute to the plan on a before-tax
basis, pursuant to Internal Revenue Service rules. MicroVision will match 50% of the first 6% of eligible pay that is contributed to the
401(k) savings plan, up to a maximum of 3% of eligible earnings. All employee contributions to the 401(k) savings plan are fully vested
upon contribution. Matching contributions by MicroVision become fully vested after one year. Our executive officers are eligible to participate
in these benefit programs on the same basis as our other employees.

Perquisites. We may offer other benefits to
our employees and executive officers from time to time, including relocation packages, which benefits are typically offered to help us
compete more effectively to attract or retain an executive officer.

Compensation Risk Assessment. Our Compensation
Committee has reviewed our compensation programs and policies and believes that our policies do not encourage excessive or inappropriate
risk taking and that the level of risk that they do encourage is not reasonably likely to have a material adverse effect on the company.
As part of its assessment, the Compensation Committee considered, among other factors, the allocation of compensation among base salary
and short- and long-term compensation, our approach to establishing company-wide and individual financial and other performance targets,
our bonus structure of payouts and the nature of our key performance metrics. We believe these practices encourage our employees to focus
on sustained long-term growth, which we believe will ultimately contribute to the creation of shareholder value.

2024 Compensation—Our Chief Executive Officer

Employment Terms and Base Salary. Mr. Sharma
was appointed as our CEO in February 2020. In July 2024, we entered into a new form of employment agreement with Mr. Sharma, which superseded
and replaced his prior employment agreement with us. In April 2024, Mr. Sharma was granted the fourth and final tranche of the annual
equity award provided by the now-exp