Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 42

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 42
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 of the votes properly
cast on this proposal at the Annual Meeting will be required for approval of the amendment to the 2022 Incentive Plan to reflect the
Plan Amendment and increase the number of shares reserved for issuance thereunder by twelve million shares.

Summary

We believe strongly that approval of the Plan Amendment
to the 2022 Incentive Plan is essential to our continued success and ability to compete for talent in the labor markets in which we operate.
Our employees and our leadership team are highly valuable assets of MicroVision. Stock options, restricted stock units, and other awards
such as those provided under the 2022 Incentive Plan are vital to our ability to attract and retain outstanding and highly skilled individuals.
Such awards also are crucial to our ability to motivate employees to achieve our development, commercialization, and strategic goals.
Importantly, by owning equity in MicroVision, our employees and leadership team have financial interests that are aligned with our shareholders.
For these reasons, the shareholders are being asked to approve the Plan Amendment to the 2022 Incentive Plan.

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<div align='center'>PROPOSAL FOUR—APPROVAL, ON A NON-BINDING ADVISORY BASIS, OF THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS</div>

Our Board is asking shareholders to cast a non-binding,
advisory vote FORthe approval of the compensation paid to MicroVision’s named executive officers, as disclosed in the Executive
Compensation section of this proxy statement.

Our executive compensation program embodies a pay-for-performance
philosophy that is intended to reinforce and propel our business strategy and closely align the interests of our executives with our shareholders.
This performance-based philosophy is achieved through a program that emphasizes at-risk compensation tied to the achievement of performance
objectives and shareholder value. Our executive compensation program is also designed to attract and retain highly talented executives
who are critical to the successful implementation of our business strategy.

For these reasons, our Board is asking shareholders
to support this proposal. Although the vote is non-binding, our Compensation Committee and Board value the views of our shareholders
and will consider the outcome of the vote when determining future compensation arrangements for our named executive officers. We seek
your vote on this proposal pursuant to Section 14A of the Securities Exchange Act of 1934, as amended, and we seek advisory votes on
executive compensation each year.

<div align='center'>OUR BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE