Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 651

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 651
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 by the Committee.

## ARTICLE 2.

### DEFINITIONS
For purposes of this Plan, unless the context requires otherwise, the following terms shall have the meanings indicated:

2.1 “

#### Applicable Law
” means all legal requirements relating to the administration of equity incentive plans and the issuance and distribution of shares of Common Stock, if any, under applicable corporate laws, applicable securities laws, the rules of any exchange or inter-dealer quotation system upon which the Company’s securities are listed or quoted, the rules of any foreign jurisdiction applicable to Incentives granted to residents therein, and any other applicable law, rule or restriction.

2.2 “

#### Award
” means the grant of any Incentive Stock Option, Nonqualified Stock Option, Restricted Stock, SAR, Restricted Stock Unit, Performance Award, Dividend Equivalent Right or Other Award, whether granted singly or in combination pursuant to the terms of this Plan (each individually referred to herein as an “

#### Incentive
”).

2.3 “

#### Award Agreement
” means a written agreement between a Participant and the Company that sets out the terms and conditions of the grant of an Award.

2.4 “

#### Board
” means the board of directors of the Company.

2.5 “

#### Cause
” shall have the meaning set forth in the Participant’s Award Agreement.

2.6 “

#### Change in Control
” means the happening of any of the following events following the Effective Date:

(a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “

#### Person
”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 33% or more of either (i) the then outstanding shares of common stock of the Company (the “

#### Outstanding Company Common Stock
”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “

#### Outstanding Company Voting Securities
”); provided , however , that for purposes of this subsection (a), the

<div align='center'>D-1</div>

#### TABLE OF CONTENTS
following acquisitions shall not constitute a Change in Control: (v) any acquisition directly from the Company, (w) any acquisition by the Company, (x) any acquisition