Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 657

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 657
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 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 the Committee.

2.35 “

#### Parent
” means a parent corporation as defined in Section 424 of the Code.

2.36 “

#### Participant
” means an Employee, Contractor or an Director to whom an Award is or has been granted under this Plan.

2.37 “

#### Performance Award
” means an Award hereunder of cash, shares of Common Stock, units or rights based upon, payable in, or otherwise related to, Common Stock pursuant to Section 6.7 hereof.

<div align='center'>D-4</div>

#### TABLE OF CONTENTS
2.38 “

#### Performance Goal
” means any of the Performance Criteria set forth in Section 6