Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 665

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 665
---
 Plan if the settlement of such Award will not require the issuance of shares of Common Stock, such as, for example, a SAR that can be satisfied only by the payment of cash. Notwithstanding any provisions of the Plan to the contrary, only shares forfeited back to the Company or canceled on account of termination, expiration or lapse of an Award shall again be available for grant of Incentive Stock Options under the Plan, provided that such shares shall not increase the maximum number of shares of Common Stock that may be delivered pursuant to Awards granted under the Plan or the maximum number of shares of Common Stock that may be delivered pursuant to Incentive Stock Options described in Section 5.1 above.

5.3

#### Limitation on Outside Director Awards.
Other than during the first calendar year in which an Outside Director has been elected to serve on the Board, no Outside Director may be granted any Award or Awards denominated in shares in any calendar year that, when taken together with all cash retainers and other fees paid for

<div align='center'>D-7</div>

#### TABLE OF CONTENTS
services for the same calendar year, would exceed in the aggregate $750,000 (with the value of equity-based Awards computed as of the Date of Grant in accordance with applicable financial accounting rules). For the avoidance of doubt, any compensation that is deferred shall be counted toward this limit for the year in which it was earned (or in the case of an Award, granted), and not a later year of settlement.

## ARTICLE 6.

### GRANT OF AWARDS
6.1

#### In General.
(a) The grant of an Award shall be authorized by the Committee and shall be evidenced by an Award Agreement setting forth the Incentive or Incentives being granted, the total number of shares of Common Stock subject to the Incentive(s), the Option Price (if applicable), the vesting conditions, the Exercise Period (if applicable), the Date of Grant, and such other terms, provisions, limitations, and performance objectives, as are approved by the Committee, but (i) not inconsistent with the Plan and (ii) to the extent an Award issued under the Plan is subject to Section 409A of the Code, in compliance with the applicable requirements of Section 409A of the Code and the regulations or other guidance issued thereunder. The Company shall execute an Award Agreement with a Participant after the Committee approves the issuance of an Award. Any Award granted pursuant to this Plan must be granted within ten