Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 674

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 674
---
 Award
”) is provided to the Participant to replace such Award. Notwithstanding any other provision of this Plan to the contrary and unless otherwise determined by the Committee and set forth in the applicable Award Agreement, upon a Participant’s Termination of Service by the Company without Cause or by the Participant for Good Reason, in either case, on or within six (6) months prior to or twelve (12) months following a Change in Control, all Replacement Awards held by such Participant shall vest in full, be free of restrictions, and be deemed to be earned in full.

<div align='center'>D-12</div>

#### TABLE OF CONTENTS

## ARTICLE 8.

### EXERCISE OR CONVERSION OF INCENTIVE
8.1

#### In General.
A vested Stock Option or SAR may be exercised or converted, during its Exercise Period, subject to limitations and restrictions set forth in the Award Agreement.

8.2

#### Securities Law and Exchange Restrictions.
In no event may an Incentive be exercised or shares of Common Stock issued pursuant to an Award if a necessary listing or quotation of the shares of Common Stock on a stock exchange or inter-dealer quotation system or any registration under state or federal securities laws required under the circumstances has not been accomplished.

8.3

#### Exercise of Stock Option.
(a)

#### In General.
If a Stock Option is exercisable prior to the time it is vested, the Common Stock obtained on the exercise of the Stock Option shall be Restricted Stock that is subject to the applicable provisions of the Plan and the Award Agreement. If the Committee imposes conditions upon exercise, then subsequent to the Date of Grant, the Committee may, in its sole discretion and subject to the other restrictions and limitations set forth in this Plan, accelerate the date on which all or any portion of the Stock Option may be exercised. No Stock Option may be exercised for a fractional share of Common Stock. The granting of a Stock Option shall impose no obligation upon the Participant to exercise that Stock Option.

(b)

#### Notice and Payment.
Subject to such administrative regulations as the Committee may from time to time adopt, a Stock Option may be exercised by the delivery of written notice to the Committee setting forth the number of shares of Common Stock with respect to which the Stock Option is to be exercised (the “

#### Exercise Notice
”) and the date of exercise thereof (the “

#### Exercise Date
”) with respect to any Stock Option shall be the date that the Participant has delivered both the Exercise Notice and consideration to the Company with a value