Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 283

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 283
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Each of HomeStreet and Mechanics has also agreed to use its reasonable best efforts to avoid the entry of any injunction that would be reasonably likely to delay, restrain, prevent, enjoin or otherwise prohibit the consummation of the merger. In the event any such injunction is entered or issued, or becomes reasonably likely to be entered or issued, HomeStreet and Mechanics have agreed to use reasonable best efforts to take action to, among other things, resist and vacate the actual or threatened injunction. Notwithstanding anything in the merger agreement to the contrary, Mechanics and its affiliates are not required (and without the consent of Mechanics, HomeStreet and its subsidiaries are not permitted) to take, or agree to take, any action or agree to any condition or restriction in connection with obtaining the requisite regulatory approvals that would reasonably be expected to have, either individually or in the aggregate, a material burdensome condition.

The HomeStreet Parties and Mechanics have also agreed to, upon request, furnish each other with all information concerning themselves and their subsidiaries, directors, officers and shareholders and such other matters as may be reasonably necessary or advisable in connection with this proxy statement/prospectus/consent solicitation statement or any other statement, filing, notice or application made by or on behalf of HomeStreet, Mechanics or any of their respective subsidiaries.

The HomeStreet Parties and Mechanics have agreed to promptly advise each other upon receiving any communication from any governmental entity that causes such party to believe that there is a reasonable likelihood that any requisite regulatory approval will not be obtained or that the receipt of any such approval will be delayed.

#### Employee Benefit Matters
Each employee of HomeStreet and its subsidiaries as of immediately prior to the effective time who continues to remain employed with HomeStreet or its subsidiaries will, for a period of one (1) year after the closing, be provided with (i) a base salary or base wage rate, as applicable, that is no less favorable than the base salary or base wage rate, as applicable, provided to such employee immediately prior to the effective time, (ii) target annual cash bonus opportunities that are no less favorable than the target annual cash bonus opportunities provided to such employee immediately prior to the effective time, (iii) pension and welfare benefits that are no less favorable than those provided to similarly situated employees of Mechanics and its subsidiaries and (iv) for any such continuing employee (other than those employees who are party to individual agreements that provide for severance benefits), severance benefits that are no less favorable than the greater of those provided to (x) similarly situated