Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 468

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 468
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 Benefit Plan if in effect on the date of this Agreement, other than ordinary course amendments that would not reasonably be expected to increase the cost of benefits under any Parent Benefit Plan, (ii) increase the compensation or benefits payable to any current or former employee, officer, director or individual consultant or pay any amounts to any such individual not otherwise due, other than (x) increases to current employees and officers in the ordinary course of business consistent with past practice in connection with a promotion or change in responsibilities and to a level consistent with similarly situated peer employees and (y) the payment of incentive compensation in the ordinary course of business consistent with past practice for completed performance periods based upon actual performance, (iii) accelerate the vesting of any equity-based awards or other compensation or benefits, (iv) become a party to, establish, adopt, amend, commence participation in or terminate any collective bargaining agreement or other agreement with a labor union, works council or similar organization, (v) provide any funding for any rabbi trust or similar arrangement, or (vi) hire (other than a replacement hire in the ordinary of course of business consistent with past practice), or terminate (other than for cause) the employment of, any individual with a base salary in excess of $175,000;

(h) settle any claim, suit, action or proceeding, except involving solely monetary remedies in an amount not in excess of $1,000,000, individually and $3,000,000 in the aggregate (in each case, net of insurance proceeds), that is not material to Parent, and that would not impose any material restriction on, or create any adverse precedent that would be material to, the business of it or its Subsidiaries following the Merger or to the receipt of regulatory approvals for the Merger on a timely basis;

(i) except for the Parent Articles Amendment and the Parent Bylaw Amendment, amend the Parent Articles or the Parent Bylaws or the articles of incorporation, bylaws or comparable governing documents of its Subsidiaries;

(j) materially restructure or materially change its investment securities or derivatives portfolio or its interest rate exposure, through purchases, sales or otherwise, or the manner in which the portfolio is classified or reported;

(k) implement or adopt any change in its accounting principles, practices or methods, other than as may be required by GAAP;

(l) enter into any new line of business or, other than in the ordinary course of business, change in any material respect its