Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 88

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 88
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 procedure is or may be desirable, it may require a Participant, upon any acquisition
of Common Stock hereunder and as a condition to the Company’s obligation to deliver certificates representing such shares, to execute
and deliver to the Company a written statement in form satisfactory to the Committee, representing and warranting that the Participant’s
acquisition of shares of Common Stock shall be for such Person’s own account, for investment and not with a view to the resale or
distribution thereof and that any subsequent offer for sale or sale of any such shares shall be made either pursuant to (a) a registration
statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with respect
to the shares being offered and sold, or (b) a specific exemption from the registration requirements of the Securities Act, but in
claiming such exemption the Participant shall, prior to any offer for sale or sale of such shares, obtain a favorable written opinion
from counsel for or approved by the Company as to the availability of such exemption. The Company may endorse an appropriate legend referring
to the foregoing restriction upon the certificate or certificates representing any shares issued or transferred to the Participant under
this Plan.

Section 14.No Rights to Continued Employment or Service. Nothing
contained in this Plan or in any Award granted pursuant to this Plan, nor any action taken by the Committee hereunder, shall confer upon
any Participant any right with respect to continuation of employment or service as an Employee, Consultant, advisor or Director of the
Company or a Subsidiary nor interfere in any way with the right of the Company or a Subsidiary to terminate such Person’s employment
or service at any time with or without cause. Unless determined otherwise by the Committee, for purposes of this Plan and all Awards,
(a) a Participant who transfers employment between the Company and its Subsidiaries, or between Subsidiaries, will not be considered to
have ended employment; and (b) a Participant employed by a Subsidiary will be considered to have ended employment when such entity ceases
to be a Subsidiary.

Section 15.General Provisions Applicable to Awards.

(a)
Minimum Vesting. Notwithstanding any other provision of this Plan to the contrary and subject to the immediately following proviso,
any Awards that settle in shares of Common Stock (excluding, for this purpose, any (i) Substitute Awards and (ii) shares delivered in
lieu of fully vested cash-denominated obligations) granted under