Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 94

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 94
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 back to the Company subsequent to receipt of such Common Stock in respect of an Award or
(iv) in the case of a Regulation T Stock Option Exercise, irrevocably instructing a stock broker to promptly deliver to the Company an
amount (in addition to the Stock Option exercise price) equal to any withholding tax owing in respect of such Stock Option exercise from
the proceeds of the stock broker’s sale of or loan against some or all of the shares. The Company or any of its Subsidiaries also
shall have the right to (A) withhold the amount of such taxes from any other sums or property due or to become due from the Company or
any of its Subsidiaries to the Participant upon such terms and conditions as the Committee shall prescribe or (B) defer issuance of Common
Stock under this Plan until payment by the Participant to the Company or any of its Subsidiaries of the amount of any such tax. The amount
withheld by the Company may not exceed the Participant’s total maximum statutory tax withholding obligations associated with the
transaction.

(b) Section 409A of the Code. It is intended that Awards granted under this Plan either be exempt from, or comply with,
the requirements of Section 409A of the Code and the guidance and regulations issued thereunder and, accordingly, to the maximum
extent permitted, this Plan and the Award Agreements shall be interpreted consistent with such intent. In the event that any 409A Award
fails to comply with Section 409A of the Code, the Company may revise the terms of the 409A Award to correct such noncompliance to
the extent permitted under any guidance, procedure or other method promulgated by the Internal Revenue Service now or in the future or
otherwise available that provides for such correction as a means to avoid or mitigate any taxes, interest or penalties that would otherwise
be incurred by the Participant on account of such noncompliance; provided, however, that in no event whatsoever shall the Company be liable
for any additional tax, interest or penalty imposed upon or other detriment suffered by a Participant under Code Section 409A or
damages for failing to comply with Section 409A of the Code. Notwithstanding anything to the contrary contained herein or in any
Award Agreement, the payment or settlement of any 409A Award that would otherwise be payable or distributable upon the occurrence of a
Change of Control, the Participant’s Disability or termination of employment or service, shall not be payable or distributable to