Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 477

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 477
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 all of its shareholders consent in favor of the approval of this Agreement and the transactions contemplated hereby, including the Merger, to the extent required by applicable law.

(b) Parent shall call a special meeting of its shareholders (the “ Parent Meeting ”) to be held as soon as reasonably practicable after the S-4 is declared effective under the Securities Act and the Proxy Statement is mailed, for the purpose of (i) obtaining the Requisite Parent Vote, (ii) obtaining the approval and adoption of an equity compensation plan to be effective as of or prior to the Effective Time, on such terms and in such form as shall be determined in good faith jointly by Parent and Company and shall be market-appropriate for the anticipated post-Closing Surviving Entity, from the shareholders of Parent (the “ New Parent Equity Incentive Plan ”) and (iii) if so desired and mutually agreed, a vote upon other matters of the type customarily brought before a special meeting of shareholders in connection with the approval of a merger agreement or the transactions contemplated thereby (the proposals set forth in the foregoing clauses (i) through (iii), collectively, the “ Parent Proposals ”). Parent (and its Board of Directors) shall use its reasonable best efforts to obtain from the shareholders of Parent (x) the Requisite Parent Vote, including by communicating to the shareholders of Parent its recommendation (and including such recommendation in the Proxy Statement) that the shareholders of Parent approve the Parent Share Issuance and the Parent Articles Amendment (the “ Parent Board Recommendation ”), and (y) the approval of the other Parent Proposals. Parent (and its Boards of Directors) shall not (i) withhold, withdraw, modify or qualify in a manner adverse to Company the Parent Board Recommendation, (ii) fail to make the Parent Board Recommendation in the Proxy Statement, (iii) adopt, approve, recommend or endorse an Acquisition Proposal, (iv) fail to publicly and without qualification (A) recommend against any Acquisition Proposal or (B) reaffirm the Parent Board Recommendation, in each case within ten (10) business days (or such fewer number of days as remains prior to the Parent Meeting) after an Acquisition Proposal is made public or any request by the Company to do so, or (v) publicly propose to do any of the foregoing (any of the foregoing clauses, a “ Recommendation Change ”).

(c) Notwithstanding anything in this Agreement to the contrary, subject to Section 8.1 and Section 8.2 , the Board of