Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 671

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 671
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 may be exercised at any time after the end of its Exercise Period. No portion of any Stock Option or SAR may be exercised after the expiration of ten (10) years from its Date of Grant. However, if an Employee owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than ten percent (10%) of the combined voting power of all classes of stock of the Company (or any parent or Subsidiary) and an Incentive Stock Option is granted to such Employee, the term of such Incentive Stock Option (to the extent required by the Code at the time of grant) shall be no more than five (5) years from the Date of Grant.

7.2

#### Vesting.
The Committee, in its sole discretion, shall establish the vesting terms applicable to an Incentive, provided that any such vesting terms shall not be inconsistent with the terms of the Plan, including, without limitation, this Section 7.2 . Except for Incentives granted with respect to Exempt Shares, Award Agreements shall not designate a vesting period of less than one year. Upon the occurrence of a Change in Control, unless otherwise provided in the applicable Award Agreement, (a) the applicable Performance Goal(s) for any Performance Award shall be deemed achieved at the greater of (1) the applicable target level and (2) the actual level of achievement as determined by the Committee, taking into account performance through the latest date preceding the Change in Control as to which performance can, as a practical matter, be determined, which date shall not be later than the end of the applicable performance period, and (b) after giving effect to Section 7.2(a), all then-outstanding Stock Options and Stock Appreciation Rights shall become fully vested and exercisable, and all Full-Value Awards and all Cash Awards shall vest in full, be free of restrictions, and be deemed to be earned and payable in an amount equal to the full value of such Award, except in each case to the extent that another Award with no diminution in value (a “

#### Replacement Award
”) is provided to the Participant to replace such Award. Notwithstanding any other provision of this Plan to the contrary and unless otherwise determined by the Committee and set forth in the applicable Award Agreement, upon a Participant’s Termination of Service by the Company without Cause or by the Participant for Good Reason, in either case, on or within six (6) months prior to