Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 286

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 286
---
 than for cause (as defined in the confidential disclosure schedules to the merger agreement) or by the applicable continuing employee for good reason (as defined in the confidential disclosure schedules to the merger agreement, but solely to the extent the continuing employee is a party to a change in control agreement or similar agreement, any HomeStreet Equity Award or any deferred compensation agreement in which a good reason provision exists), then Mechanics will cause a prorated Closing Year Bonus to be paid based on target performance levels to such continuing employee within 60 days following such termination of employment, based on the number of days served during the applicable fiscal year, subject to execution and non-revocation of a release of claims in a form reasonably satisfactory to Mechanics, except that no such prorated Closing Year Bonus will be paid to the extent that such payment would result in any duplication of any payments.

Mechanics and HomeStreet have agreed to jointly determine in good faith allocations under a cash-based retention program for employees of HomeStreet and its subsidiaries prior to the effective time, to promote retention and incentivize efforts to consummate the closing and successful completion of systems conversion, as set forth in the confidential disclosure schedules to the merger agreement.

The merger agreement also provides that HomeStreet will seek to obtain approval from HomeStreet’s shareholders of an equity compensation plan on such terms and in such form as are market-appropriate for HomeStreet following the consummation of the merger and as determined jointly by HomeStreet and Mechanics.

**Director and Officer Indemnification and Insurance**

From and after the effective time, HomeStreet will indemnify and hold harmless against and will advance expenses as incurred to all present and former directors, officers and employees of both HomeStreet and Mechanics and their respective subsidiaries for any costs or expenses (including reasonable attorneys’ fees), judgments, fines, losses, damages or liabilities incurred in connection with any threatened or actual claim, action, suit, proceeding or investigation arising out of or pertaining to the fact that such person is or was a director, officer or employee of HomeStreet or Mechanics or their subsidiaries and pertaining to matters, acts or omissions existing or occurring at or prior to the effective time, including the transactions contemplated by the merger agreement, to the extent such persons are indemnified or entitled to such advancement or expenses as of the date of the merger agreement under

<div align='center'>177</div>

#### TABLE OF CONTENTS
applicable law, by HomeStreet’ and Mechanics’ or their respective subsidiaries’ articles, bylaws or the governing or organizational documents, or any