Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 78

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 78
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 the share recycling provisions of the Prior Plan and Section 5(c) of this Plan (in each case, subject
to adjustments as provided in this Section 5) (the “Share Limit”).

(b)
Share Counting.Awards issued under this Plan shall count against the Share Limit on the date of grant as one share of Common Stock
for each share of Common Stock covered by such Awards.

(c)
Share Recycling. If any shares of Common Stock covered by an Award are not purchased and are forfeited, cancelled, reacquired by
the Company prior to vesting or expired (whether voluntarily or involuntarily), or if an Award otherwise expires or terminates without
delivery of Common Stock subject thereto, then the number of shares of Common Stock related to such Award to the extent so forfeited,
cancelled, reacquired by the Company, expired or terminated shall not be counted against the Share Limit and shall again be available
for making Awards (in accordance with Section 5(b)) under this Plan after such event. Notwithstanding the foregoing, there shall not be
added back to the Share Limit: (i) shares of Common Stock tendered by Participants to, or withheld by, the Company as full or partial
payment to the Company of the exercise price of Stock Options; (ii) shares of Common Stock reserved for issuance upon the grant of Stock
Appreciation Rights, to the extent that the number of reserved shares of Common Stock exceeds the number of shares of Common Stock actually
issued upon the exercise of the Stock Appreciation Rights; (iii) shares of Common Stock withheld by, or otherwise remitted to, the Company
to satisfy a Participant’s tax withholding obligations upon the exercise of, or upon the lapse of restrictions on or settlement
of, an Award; and (iv) shares of Common Stock repurchased on the open market with the proceeds of a Stock Option exercise.

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(d)
Substitute Awards. Any Substitute Award shall not be counted against the Share Limit; provided, that, Substitute Awards issued
in connection with the assumption of, or in substitution for, outstanding stock options intended to qualify as Incentive Options shall
be counted against the limit with respect to Incentive Options. Subject to applicable stock exchange requirements, available shares under
a shareholder-approved plan of an entity directly or indirectly acquired by the Company or with which the Company combines (as appropriately
adjusted to reflect such acquisition or transaction) may be used for Awards under this Plan and shall not count toward the