Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 74

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 74
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 designated dollar value or the value of which is equal to the Fair Market Value of one or more shares of Common Stock, to be paid upon
the attainment of one or more performance goals during a performance period established by the Committee, as provided in Section 10.

(ii)
“Person” means any individual, entity or group.

(jj)
“Plan” means this Consumer Portfolio Services, Inc. 2025 Equity Incentive Plan, as it may be amended or restated from
time to time.

(kk)
“Prior Plan” means the CPS 2006 Long-Term Equity Incentive Plan.

(ll)
“Regulation T Stock Option Exercise” shall have the meaning set forth in Section 8(c).

(mm)
“Resignation (or Resign) for Good Reason” shall mean any voluntary termination by written resignation of the Active
Status of any Employee after a Change of Control because of: (i) a material reduction in the Employee’s authority, responsibilities
or scope of employment; (ii) an assignment of duties to the Employee inconsistent with the Employee’s role at the Company (including
its Subsidiaries) prior to the Change of Control, (iii) a reduction in the Employee’s base salary or total incentive compensation;
(iv) a material reduction in the Employee’s benefits unless such reduction applies to all Employees of comparable rank; or
(v) the relocation of the Employee’s primary work location more than fifty miles from the employee’s primary work location
prior to the Change of Control; provided that the Employee’s written notice of voluntary resignation must be tendered within 1 year
after the Change of Control, and shall specify which of the events described in (i) through (v) resulted in the resignation.
An Employee must give notice of the existence of “good reason” within 90 days after it first occurs, and the Company has 30
days to cure.

(nn)
“Restricted Period” means the length of time established relative to an Award during which the Participant cannot sell,
assign, transfer, pledge or otherwise encumber the Common Stock or units (including any bookkeeping entry of a right) subject to such
Award and at the end of which the Participant obtains an unrestricted right to such Common Stock or units (including any bookkeeping entry
of a right).

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(oo)
“Restricted Stock” means an Award that is a grant of Common Stock subject to forfeiture or a Restricted Period, or
both, and such other terms and conditions determined by the Committee