Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 657

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 657
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 the case of individuals whose employment status, by virtue of their employer or residence, is not determined under Section 3401(c) of the Code, “Employee” shall mean an individual treated as an employee for local payroll tax or employment purposes by the applicable employer under Applicable Law for the relevant period.

2.18 “

#### Exchange Act
” means the United States Securities Exchange Act of 1934, as amended from time to time.

2.19 “

#### Executive Officer
” means an officer of the Company or a Subsidiary subject to Section 16 of the Exchange Act.

<div align='center'>D-3</div>

#### TABLE OF CONTENTS
2.20 “

#### Exempt Shares
” means shares of Common Stock subject to an Award that has been granted with (or that has been amended by the Committee to include) more favorable vesting provisions than those set forth in Section 7.2 . No more than five percent (5%) of the shares of Common Stock that may be delivered pursuant to Awards may be shares designated as “Exempt Shares.”

2.21 “

#### Exercise Date
” is defined in Section 8.3(b) hereof.

2.22 “

#### Exercise Notice
” is defined in Section 8.3(b) hereof.

2.23 “

#### Exercise Period
” means the period set forth in the Award Agreement during which one or more Stock Options or Stock Appreciation Rights granted under an Award may be exercised or converted, as applicable.

2.24 “

#### Fair Market Value
” means, as of a particular date, (a) if the shares of Common Stock are listed on any established national securities exchange, the closing sales price per share of Common Stock on the consolidated transaction reporting system for the principal securities exchange for the Common Stock on that date (as determined by the Committee, in its discretion), or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported; (b) if the shares of Common Stock are not so listed, but are quoted on an automated quotation system, the closing sales price per share of Common Stock reported on the automated quotation system on that date, or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported; (c) if the Common Stock is not so listed or quoted