Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 32

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 32
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 following his or her cessation of service due to disability or following his or her death while holding the option. An award
agreement may provide for an extension of a post-service exercise period upon a cessation of service for reasons other than death or disability
if the exercise of the option following such cessation of service would result in liability under Section 16(b) of the Exchange Act
or would violate the registration requirements under the Securities Act.

Restricted Stock Awards

Awards of restricted stock are grants of, or rights
to acquire or purchase, shares, which vest in accordance with the terms and conditions established by the Administrator in its sole discretion.
Each restricted stock award granted will be evidenced by a written or electronic agreement between the company and the participant specifying
the number of shares subject to the award and the other terms and conditions of the award, consistent with the requirements of the 2022
Incentive Plan. Restricted stock awards may be subject to vesting conditions if and as the Administrator specifies, and the shares acquired
may not be transferred by the participant until vested. The Administrator may set restrictions as it may deem advisable and appropriate.

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Unless otherwise provided by the Administrator, a
participant will forfeit any shares of restricted stock as to which the restrictions have not lapsed before the participant’s cessation
of service. Unless the Administrator provides otherwise, and participants holding restricted stock will have the right to vote the shares
and, unless the Administrator determines otherwise, to receive any dividends paid, except that dividends or other distributions paid in
shares will be subject to the same restrictions on transferability and forfeitability as the underlying shares and dividends or other
distributions payable with respect to shares subject to awards will not be paid before and unless the underlying shares vest. The Administrator
may, in its sole discretion, reduce or waive any restrictions and may accelerate the time at which any restrictions will lapse or be removed.

Restricted Stock Units

The Administrator may grant restricted stock units
which represent a right to receive shares at a future date as set forth in the participant’s award agreement. Each restricted stock
unit granted under the 2022 Incentive Plan will be evidenced by a written or electronic agreement between the company and the participant
specifying the number of shares subject to the award and other terms and conditions of the award, consistent with the requirements of
the 2022 Incentive Plan. Restricted stock units may be settled, in the sole discretion of the Administrator, in shares, cash or a combination
of both.

After