Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 85

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 85
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 more performance
goals over a performance period prescribed by the Committee.

(b)
Rights as a Shareholder.A Participant may be provided all of the rights of a shareholder in respect of shares of Restricted Stock
including the right to vote the shares, subject to Section 15(g). A Participant shall have no ownership interest in shares of Common Stock
with respect to which Restricted Stock Units are granted.

(c)
Vesting. Unless the Committee determines otherwise, the Award Agreement shall provide for the forfeiture of the non-vested shares
of Common Stock underlying Restricted Stock or Restricted Stock Units upon the termination of a Participant’s Active Status. To
the extent that the Participant purchased the shares of Common Stock granted under such Restricted Stock or Restricted Stock Units and
any such shares of Common Stock remain non-vested at the time the Participant’s Active Status terminates, the termination of Active
Status shall cause an immediate sale of such non-vested shares of Common Stock to the Company at the original price per share of Common
Stock paid by the Participant.

(d)
Settlement.

(i) Restricted Stock.Shares of Restricted Stock granted under this Plan may be evidenced in such manner as the Committee may deem appropriate,
including, without limitation, book-entry registration or issuance of stock certificates. If stock certificates are issued in respect
of shares of Restricted Stock, such certificates shall be registered in the name of the Participant, deposited with the Company or its
designee, together with a stock power endorsed in blank, and, in the Discretion of the Committee, a legend shall be placed upon such certificates
reflecting that the shares represented thereby are subject to restrictions against transfer and forfeiture. After the expiration of the
Restricted Period applicable to the Restricted Stock (if applicable, after attainment of the applicable performance goals and approval
by the Committee of such performance), the Company shall deliver to the Participant the stock certificates for such shares; provided that
the Committee may determine instead that such shares shall be evidenced by book-entry registration. If stock certificates or book-entry
registrations were previously issued for the shares and a legend had been placed on such certificate or book-entry registration, the Company
shall cause such certificates or book-entry registrations to be reissued without the legend.

(ii) Restricted Stock Units.After the expiration of the Restricted Period applicable to the Restricted Stock Units (if applicable, after
attainment of the applicable performance goals and approval by the Committee of such performance), the Company shall pay to the Participant
an amount equal to the then Fair Market Value of the shares to which