Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 91

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 91
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 Awards, including but not limited to shares of Common Stock issued or cash paid pursuant to such Awards (including any
dividends or distributions) or proceeds realized by the Participant (on a pre-tax basis) due to the sale or other transfer of shares of
Common Stock issued pursuant to such Awards shall be subject to (i) any recoupment, clawback, equity holding, stock ownership or similar
policies adopted by the Company from time to time and (ii) recoupment, clawback, equity holding, stock ownership or similar requirements
law, regulation or listing standards applicable to the Company from time to time.

(f)
Offset. Subject to compliance with applicable law, the Company shall have the right to offset, from any amount payable or shares deliverable hereunder, any amount that the Participant owes to the Company or any Subsidiary without the consent of the Participant or any individual with a right to the Participant’s Award.

(g)
Dividends, Distributions and Equivalents.

(i) Stock Options and Stock Appreciation Rights.Prior to such issuance of shares of Common Stock in respect of Stock Options and Stock
Appreciation Rights, no adjustment shall be made for dividends, distributions or other rights in respect of such shares, except as provided
in Section 5(e). For the avoidance of doubt, subject to Section 5(e), the Committee shall not grant payments of shares or cash in connection
with Stock Options and Stock Appreciation Rights that are equivalent to dividends declared and paid (i.e. dividend equivalents) on the
shares of Common Stock underlying the Stock Options and Stock Appreciation Rights.

(ii) Restricted Stock and Other Stock-Based Awards.A Participant may be provided all of the rights of a shareholder in respect of shares
of Restricted Stock and Other Stock-Based Awards, including the right to receive dividends and distributions, if any.

(iii) Restricted Stock Units, Performance Stock and Performance Stock Units.The Committee, in its Discretion, may provide that Restricted
Stock Units, Performance Stock and Performance Stock Units shall earn dividend and distribution equivalents equal to the amount of dividends
and distributions, if any, that are paid on that number of shares with respect to which such Awards are granted (subject to such terms,
conditions, limitations and restrictions as the Committee may establish).

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(iv) Restrictions on and Payments of Dividends, Distributions and Equivalents. Any dividends and distributions, or dividend and distribution
equivalents, if any, shall be subject to the restrictions applicable