Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 652

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 652
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(a) increase the interest of such persons in the Company’s welfare;

(b) furnish an incentive to such persons to continue their services for the Company or its Subsidiaries; and

(c) provide a means through which the Company may attract able persons as Employees, Contractors, and Directors.

With respect to Reporting Participants, the Plan and all transactions under the Plan are intended to comply with all applicable conditions of Rule 16b-3 promulgated under the Exchange Act. To the extent any provision of the Plan or action by the Committee fails to so comply, such provision or action shall be deemed null and void ab initio , to the extent permitted by law and deemed advisable 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 13