Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 674

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 674
---
 or substituting Incentives in accordance with Article 14 .

6.12

#### Recoupment for Restatements.
Notwithstanding any other language in this Plan to the contrary, the Company may recoup all or any portion of any shares or cash paid to a Participant in connection with an Award as set forth in the Company’s clawback policy approved by the Company’s Board from time to time.

## ARTICLE 7.

#### EXERCISE PERIOD; VESTING
7.1

#### Exercise Period.
Subject to the other provisions of this Plan, the Committee may, in its discretion, provide that a Stock Option or SAR may not be exercised in whole or in part for any period or periods of time or beyond any date specified in the Award Agreement. Except as provided in the Award Agreement, a Stock Option or SAR may be exercised in whole or in part at any time during its term. Except as otherwise provided in the Award Agreement, the Exercise Period for a Stock Option or SAR shall be reduced or terminated upon Termination of Service. No Stock Option or SAR granted under the Plan 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