Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 658

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 658
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, the mean between the closing bid and asked price on that date, or, if there are no quotations available for such date, on the last preceding date on which such quotations shall be available, as reported by the National Association of Securities Dealer, Inc.’s OTC Bulletin Board or the Pink OTC Markets, Inc. (previously known as the National Quotation Bureau, Inc.); or (d) if none of the above is applicable, such amount as may be determined by the Committee (acting on the advice of an Independent Third Party, should the Committee elect in its sole discretion to utilize an Independent Third Party for this purpose), in good faith, to be the fair market value per share of Common Stock. The determination of Fair Market Value shall, where applicable, be in compliance with Section 409A of the Code.

2.25 “

#### Full-Value Award
” means any Award other than a Stock Option, Stock Appreciation Right or Cash Award.

2.26 “

#### Good Reason
” shall have the meaning set forth in the Participant’s Award Agreement.

2.27 “

#### Immediate Family Members
” is defined in Section 15.8 hereof.

2.28 “

#### Incentive
” is defined in Section 2.2 hereof.

2.29 “

#### Incentive Stock Option
” means an incentive stock option within the meaning of Section 422 of the Code, granted pursuant to this Plan.

2.30 “

#### Independent Third Party
” means an individual or entity independent of the Company having experience in providing investment banking or similar appraisal or valuation services and with expertise generally in the valuation of securities or other property for purposes of this Plan. The Committee may utilize one or more Independent Third Parties.

2.31 “

#### Nonqualified Stock Option
” means a stock option, granted pursuant to this Plan, which is not an Incentive Stock Option.

2.32 “

#### Option Price
” means the price which must be paid by a Participant upon exercise of a Stock Option to purchase a share of Common Stock.

2.33 “

#### Other Award
” means an Award issued pursuant to Section 6.9 hereof.

2.34 “

#### Outside Director
” means a director of the Company who is not an Employee or a Contractor. For purposes of this Plan, the Chairman of the Board shall not be considered an Outside Director except as may otherwise be determined by