Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 36

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 36
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 under the applicable award agreement or other written agreement authorized by the Administrator between the participant
and the company or any of its subsidiaries or parents. In addition, unless specifically provided otherwise by the Administrator or under
the applicable award agreement or other written agreement authorized by the Administrator between the participant and the company or any
of its subsidiaries or parents, if an option or stock appreciation right (or portion thereof) is not assumed or substituted for, the Administrator
will notify the participant in writing or electronically that the option or stock appreciation right (or its applicable portion) will
be exercisable for a period of time determined by the Administrator in its sole discretion, and the option or stock appreciation right
(or its applicable portion) will terminate upon the expiration of such period.

With respect to awards granted to a non-employee director
(while such individual was a non-employee director) that are assumed or substituted for, if on the date of or following such assumption
or substitution, the participant’s status as a member of our Board or a director of the successor corporation, as applicable, is
terminated other than upon a voluntary resignation by the participant (unless such resignation is at the request of the acquirer), then
the non-employee director will fully vest in and have the right to exercise all of his or her outstanding options and stock appreciation
rights, all restrictions on restricted stock and restricted stock units will lapse, and, with respect to awards with performance-based
vesting, all performance goals or other vesting criteria will be deemed achieved at 100% of target levels and all other terms and conditions
met, unless specifically provided otherwise by the Administrator or under the applicable award agreement or other written agreement authorized
by the Administrator between the participant and the company or any of its subsidiaries or parents.

Forfeiture Events

The Administrator may specify in an award agreement
that the participant’s rights, payments and benefits with respect to an award will be subject to reduction, cancellation, forfeiture,
recoupment, reimbursement, or reacquisition upon the occurrence of certain specified events. Awards will be subject to reduction, cancellation,
forfeiture, recoupment, reimbursement, or reacquisition under any clawback policy that we are required to adopt under the listing standards
of any national securities exchange or association on which our securities are listed or as is otherwise required by applicable laws.
The Administrator may require a participant to forfeit, return or reimburse us all or a portion of the award and any amounts paid under
the award, according to such clawback