Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 73

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 73
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 and cure has not been effected within that time period, or which failure, if previously cured, recurs,
(v) Participant’s dishonesty, fraud or gross negligence related to the business or property of the Company or any Subsidiary, (vi)
personal conduct that is materially detrimental to the business of the Company or any Subsidiary, (vii) conviction of or plea of nolo
contendere to a felony, or (viii) in the case of Non-Employee Directors, the removal from the Board for cause (as determined by the
Company’s shareholders).

(y)
“Nasdaq” means the Nasdaq Stock Market, or such other principal stock market or exchange that is the principal United
States stock market or exchange on which the Common Stock is then quoted or regularly trades.

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(z)
“Non-Employee Director” means a Director who is not also an officer or an Employee of the Company or any Subsidiary.

(aa)
“Non-Employee Director Limit” shall have the meaning set forth in Section 12.

(bb)
“Nonqualified Option” means an option to purchase Common Stock that meets the requirements set forth in this Plan but
does not meet the definition of an incentive stock option set forth in Section 422 of the Code.

(cc)
“Other Agreement” shall have the meaning set forth in Section 22(c).

(dd)
“Other Stock-Based Award” means any right granted under Section 11, including but not limited to Unrestricted Stock.

(ee)
“Parachute Payment” shall have the meaning set forth in Section 22(c).

(ff)
“Participant” means any individual designated by the Committee under Section 6 for participation in this Plan who is
(i) an Employee (including an officer or Director who is also an Employee) of the Company or any Subsidiary, (ii) a Non-Employee
Director, or (iii) a Consultant or advisor of the Company or any Subsidiary.

(gg)
“Performance Stock” means an Award that is a bookkeeping entry representing a right granted to a Participant pursuant
to an Award made under Section 10 to receive shares of Common Stock (or Restricted Stock) to be issued and delivered upon the attainment
of one or more performance goals during a performance period established by the Committee, as provided in Section 10.

(hh)
“Performance Stock Unit” means an Award that is the right to receive a payment valued in relation to a unit that has
a