Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 481

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 481
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 relating to the Board of Directors, officers, governance and operations of Parent, (y) using reasonable best efforts to cause Parent to satisfy all applicable initial and continuing listing requirements of NASDAQ or NYSE applicable to Parent following the Effective Time, as applicable, and (z) if requested in writing by Company and permitted under NASDAQ or NYSE rules, as applicable, taking such actions as are necessary or appropriate to cause Parent to rely upon controlled company exemptions under NASDAQ or NYSE rules from and after the Effective Time. If requested by Company, Parent shall use commercially reasonable efforts to obtain a new NASDAQ ticker symbol to be effective at the Effective Time or a new NYSE ticker to be effective when the listing of Parent Common Stock on NYSE becomes effective.

<div align='center'>A-43</div>

#### TABLE OF CONTENTS
6.5

#### Employee Matters
.

(a) The Parties agree that each employee of Parent and its Subsidiaries as of immediately prior to the Effective Time who continues to remain employed with Parent or its Subsidiaries (each, a “ Continuing Employee ”) shall, during the period commencing at the Effective Time and ending on the twelve-month anniversary of the Closing Date, be provided (for so long during such period as the applicable Continuing Employee remains employed) with (i) a base salary or base wage rate, as applicable, that is no less favorable than the base salary or base wage rate, as applicable, provided by Parent and its Subsidiaries to such Continuing Employee immediately prior to the Effective Time, (ii) target annual cash bonus opportunities that are no less favorable than the target annual cash bonus opportunities provided by Parent and its Subsidiaries to such Continuing Employee immediately prior to the Effective Time, (iii) pension and welfare benefits that are no less favorable than those provided to similarly situated employees of Company and its Subsidiaries, and (iv) for any Continuing Employee (in each case, other than those employees who are party to individual agreements that provide for severance benefits), severance benefits that are no less favorable than the greater of those provided to (x) similarly situated employees of Company and its Subsidiaries and (y) the severance benefits that are set forth on Section 6.5(a) of the Parent Disclosure Schedule.

(b) For purposes of eligibility, participation, vesting and benefit accrual (except not for purposes of benefit accrual under any defined benefit pension plan, to the extent that such credit would