Company: MVIS
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001641172-25-006436
Chunk: 47

Company: MICROVISION, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 47
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 of company performance, with a target set as a percentage of base salary. The Compensation                                                                                                                                                                                                                                                                                                                                                                 
 Committee approves the target bonus percentages and the actual bonus awards for all executives, except the CEO, which is approved by the                                                                                                                                                                                                                                                                                                                                                                      
 Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 The amount of any bonus actually awarded to executives                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 is determined solely in the discretion of the Compensation Committee, or by the Board in the case of our CEO, based on achievement of                                                                                                                                                                                                                                                                                                                                                                         
 preestablished performance objectives.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 2024 executive officer bonuses were awarded as performance-contingent                                                                                                                                                                                                                                                                                                                                                                                                                                         
 RSUs for the target award level, subject to earnout for achieving financial and non-financial goals and subject to continued time vesting                                                                                                                                                                                                                                                                                                                                                                     
 if earned.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Long-Term Equity Incentive               
 Awards                                   |     | A key component of our executive compensation program, equity awards, both time-based and performance-based, are designed to attract and retain executive officers and to motivate them to enhance shareholder value by aligning the financial interests of executives with those of shareholders.                                                                                                                                                                                                            |

| 31 |

The Roles of our Board, Compensation Committee, and Chief Executive Officer.Our Compensation Committee’s purpose is to discharge the Board of Director’s responsibilities
relating to the compensation of our executive officers and the adoption of policies that govern our compensation and benefit programs,
other than with respect to our CEO’s compensation. Our Compensation Committee reviews and recommends the CEO’s compensation,
which is subject to the approval of the Board. The Board is able to make any adjustments that it may determine are appropriate with respect
to our CEO’s compensation. The Compensation Committee determines all compensation for our other named executive officers. At the
invitation of our Compensation Committee, our CEO provides input regarding the performance and appropriate compensation of the other named
executive officers. The Compensation Committee gives considerable weight to the CEO’s assessment of the other named executive officers
because of his direct knowledge of each executive’s role, performance and contributions. During 2024, our CEO attended part or all
of each Compensation Committee meeting at the request of the Compensation Committee. However, the Compensation Committee ultimately discussed
and determined each executive officer’s compensation without the executive officer present.

The Role of the Compensation Consultant.Our Compensation Committee has selected and directly retains the services of Frederic W. Cook & Co., Inc., an independent executive
compensation consulting firm. F.W. Cook does not provide any other services