Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 29

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 29
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 will cease to be available for future grant
or sale under the 2022 Incentive Plan. To the extent an award under the 2022 Incentive Plan is paid out in cash rather than shares, such
cash payment will not result in reducing the number of shares available for issuance under the 2022 Incentive Plan.

Adjustments to Shares Subject to the 2022 Incentive Plan

In the event of any dividend or other distribution
(whether in the form of cash, shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization,
merger, consolidation, split-up, spin-off, combination, reclassification, repurchase, or exchange of shares or other securities of the
company, or other change in the corporate structure affecting our common stock occurs (other than any ordinary dividends or other ordinary
distributions), the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be
made available under the 2022 Incentive Plan, will adjust the number and class of shares of stock that may be delivered under the 2022
Incentive Plan, and/or the number, class and price of shares of stock subject to outstanding awards, and the numerical share limits in
the 2022 Incentive Plan.

Administration

The 2022 Incentive Plan will be administered by the
MicroVision Board, any committee of the Board, or a committee of individuals satisfying applicable laws appointed by the Board or a duly
authorized committee of the Board in accordance with the terms of the 2022 Incentive Plan, or the Administrator. In the case of transactions,
including grants to certain officers and key employees of the company, intended to qualify, as exempt under Rule 16b-3 of the Securities
Exchange Act of 1934, or the Exchange Act, the members of the committee must qualify as “non-employee directors” under Rule 16b-3
of the Exchange Act.

Subject to the terms of the proposed 2022 Incentive
Plan, the Administrator has the authority to interpret and administer the 2022 Incentive Plan, including but not limited to, the authority,
in its discretion, to select the employees, consultants, and directors who will receive awards, to determine the terms and conditions
of awards, to modify or amend each award (subject to the restrictions of the 2022 Incentive Plan) and to interpret the provisions of the