Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 9

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 9
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 at KPMG and Arthur Andersen. Mr. Herbst has
twenty-two years of experience overseeing venture investments and strategic acquisitions in roles at NVIDIA Corporation and at GFT Ventures,
a venture capital firm he co-founded.

The Compensation Committee

Our Compensation Committee:

| ● | oversees our compensation and employee benefit programs, policies, plans and overall compensation philosophy; |
| ● | determines compensation policies for executive officers and employees;                                        |
| ● | reviews the performance, and determines the compensation, of executive officers;                              |
| ● | approves and oversees equity-related incentive plans and executive bonus plans;                               |
| ● | evaluate compensation policies and practices as they relate to risk management practices;                     |
| ● | recommends the compensation program for Board members; and                                                    |
| ● | oversees management of people operations and resources.                                                       |

| 8 |

The Compensation Committee’s charter provides
the committee with the authority to retain a compensation consulting firm in its discretion. Throughout 2024, the Compensation Committee
retained Frederic W. Cook & Co., Inc., or F.W. Cook, to provide independent compensation consulting services after assessing the independence
and determining that there was no conflict of interest. F.W. Cook advised the Compensation Committee on a variety of matters including
executive compensation, pay philosophy, compensation peer group, competitive market information, incentive plan design, emerging best
practices in compensation matters and alignment of executive compensation with shareholder interests.

The Compensation Committee also serves as the Plan
Administrator for our equity award plans pursuant to authority delegated by the Board. The Committee may delegate its authority when it
deems appropriate and in the best interest of the company and when such delegation would not violate applicable law, regulation, or Nasdaq
rules or SEC requirements.

Changes to the composition of the committee in 2024
included the appointment of Jeffrey Herbst as Chair and of Dr. Mark Spitzer as a member, replacing Judith Curran. The Compensation Committee
met five times and took action by unanimous written consent zero times during 2024.

The Nominating & Governance Committee

Our Nominating & Governance Committee:

| ● | counsels the Board of Directors with respect to Board and committee structure and membership;                                                       |
| ● | establishes criteria for nomination to the Board and its committees, taking into account the composition of the Board as a whole;                   |
| ● | identifies, reviews, and recommends director candidates for the Board;                                                                              |
| ● | recommends directors for election at the annual meeting of shareholders and to fill