Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 75

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 75
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, as provided in Section 9.

(pp)
“Restricted Stock Unit” means an Award that is a bookkeeping entry representing a right granted to a Participant to
receive shares of Common Stock or their cash equivalent (or both) to be issued and delivered at the end of a specified period subject
to forfeiture, a Restricted Period, or both, and such other terms and conditions determined by the Committee, as provided in Section 9.

(qq)
“Retirement” shall mean, (i) with respect to any Employee, voluntary termination of employment after age 55
and at least 10 years of credited service with the Company or any Subsidiary (but only during the time the Subsidiary was a Subsidiary),
as determined by the Committee in its sole discretion, and (ii) with respect to any Non-Employee Director, ceasing to be a Director
pursuant to election by the Company’s shareholders or by voluntary resignation with the approval of the Board’s chair after
having attained the age of 55 years and served continuously on the Board for at least 6 years.

(rr)
“Securities Act” means the Securities Act of 1933, as amended. Any reference to a specific provision of the Securities
Act includes any successor provision and the rules and regulations promulgated under such provision.

(ss)
“Share Limit” shall have the meaning set forth in Section 5(a).

(tt)
“Stock Appreciation Right” means an Award that is a right to receive the appreciation in the Fair Market Value, or
a portion of the appreciation in the Fair Market Value, of a specified number of shares of Common Stock, as provided in Section 8.

(uu)
“Stock Option” means the right to purchase Common Stock at a stated price for a specified period of time, including
an Incentive Option and Nonqualified Option.

(vv)
“Subsidiary” means any corporation, limited liability company, partnership or any other entity in which the Company
owns, directly or indirectly, stock or other ownership interest therein, possessing more than 50% of the combined voting power of all
classes of stock or other ownership interest.

(ww)
“Substitute Award” means any shares of Common Stock that are issued by the Company or any Subsidiary in substitution
for outstanding awards, and any awards that are assumed by or otherwise become obligations of the Company or a Subsidiary, in connection with any merger, consolidation, acquisition of property or shares