Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 409

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 409
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 and the Class B Parent Common Stock, collectively, the “ Parent Common Stock ”).

(b) All the shares of Company Common Stock converted into the right to receive the Merger Consideration pursuant to this Article I shall no longer be outstanding and shall automatically be cancelled and shall cease to exist as of the Effective Time, and each certificate (each, an “ Old Certificate ,” it being understood that any reference in this Agreement to “ Old Certificate ” shall be deemed to include reference to book-entry account statements relating to the ownership of shares of Company Common Stock) previously representing any such shares of Company Common Stock shall thereafter represent only the right to receive (i) a New Certificate (as defined below) representing the number of whole shares of Parent Common Stock which such shares of Company Common Stock have been converted into the right to receive, (ii) cash in lieu of fractional shares which the shares of Company Common Stock represented by such Old Certificate have been converted into the right to receive pursuant to this Section 1.3 and Section 2.2 , without any interest thereon, and (iii) any dividends or distributions which the holder thereof has the right to receive pursuant to Section 2.2 , in each case, without any interest thereon.

(c) Notwithstanding anything in this Agreement to the contrary, at the Effective Time, all shares of Company Common Stock that are owned by Company or the Parent Parties (in each case other than shares of Company Common Stock (i) held in trust accounts, managed accounts, mutual funds and the like, or otherwise held in a fiduciary or agency capacity that are beneficially owned by third parties, or (ii) held, directly or indirectly, by Company or Parent in respect of debts previously contracted) shall be cancelled and shall cease to exist and no Merger Consideration or other consideration shall be delivered in exchange therefor.

1.4

#### Treatment of Parent Equity Awards
.

(a) At the Effective Time, each restricted stock unit award (“ Parent RSU ”) granted under the Amended and Restated Parent 2014 Equity Incentive Plan (the “ Parent Equity Plan ”) that is outstanding immediately prior to the Effective Time shall remain outstanding and be continued subject to the same terms and conditions (including vesting terms and terms with respect to dividend equivalents) as applied immediately prior to the Effective Time.

(b) At the Effective Time, (i) any vesting conditions applicable to each performance stock unit award granted under the Parent Equity Plan that is