Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 279

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 279
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 formation of a joint venture or otherwise) any other person or the property or assets of any other person, in each case other than a wholly owned subsidiary of HomeStreet; |

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TABLE OF CONTENTS

| • | except for transactions in the ordinary course of business, (i) terminate, materially amend, or waive any material provision of any material contract or make any change in any instrument or agreement governing the terms of any of its securities, other than normal renewals of contracts without material adverse changes of terms with respect to HomeStreet or (ii) enter into any contract that would constitute a material contract if it were in effect on the date of the merger agreement; |

| • | except as required under applicable law or the terms of any HomeStreet benefit plan existing as of the date of the merger agreement, as applicable, (i) enter into, establish, adopt, materially amend or terminate any HomeStreet benefit plan, or any arrangement that would be a HomeStreet benefit plan if in effect on the date of the merger agreement, other than ordinary course amendments that would not reasonably be expected to increase the cost of benefits under any HomeStreet benefit plan, (ii) increase the compensation or benefits payable to any current or former employee, officer, director or individual consultant or pay any amounts to any such individual not otherwise due, other than (x) increases to current employees and officers in the ordinary course of business consistent with past practice in connection with a promotion or change in responsibilities and to a level consistent with similarly situated peer employees and (y) the payment of incentive compensation in the ordinary course of business consistent with past practice for completed performance periods based upon actual performance, (iii) accelerate the vesting of any equity-based awards or other compensation or benefits, (iv) become a party to, establish, adopt, amend, commence participation in or terminate any collective bargaining agreement or other agreement with a labor union, works council or similar organization, (v) provide any funding for any rabbi trust or similar arrangement or (vi) hire (other than a replacement hire in the ordinary of course of business consistent with past practice) or terminate (other than for cause) the employment of any individual with a base salary in excess of $175,000; |

| • | settle any claim, suit, action or proceeding, except any of the foregoing involving solely monetary remedies in an amount not in excess of $1,000,000 individually and $3,000,000 in the aggregate (in each case net of insurance proceeds), that is not material