Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 135

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 135
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 been attained. If employment is terminated by reason of death, then the designated beneficiary will receive the present value of the participant’s accrued benefit or normal retirement benefit in a lump sum within 90 days following death. |

|                                                              |     | Michael D. Peduzzi |     | Tito L. Lima |     | Martin T. Griffith |
| Annual Benefit                                               |     |           $120,000 |     |      $83,425 |     |            $90,000 |
| Term                                                         |     |           20 years |     |     20 years |     |           20 years |
| Normal Retirement Age                                        |     |                 62 |     |           62 |     |                 63 |
| Calculation of Accrued Benefit (to be paid over 20 years)(5) |     |                    |     |              |     |                    |
| Year Ending on December 31, 2023                             |     |           $240,000 |     |      $63,099 |     |           $180,000 |
| January 1 – December 31, 2024                                |     |           $960,000 |     |     $598,423 |     |           $720,000 |
| January 1 – December 31, 2025                                |     |         $1,680,000 |     |   $1,133,560 |     |         $1,260,000 |
| January 1 – December 31, 2026 or after                       |     |         $2,400,000 |     |   $1,668,502 |     |         $1,800,000 |

| (5) | The Accrued Benefit shall be increased by a pro-rated amount relative to the participant’s service during the year in which the separation from service event occurs in order to give the executive partial credit for such year. |

| (6) | Under the Defined Contribution Plan, if Mr. Dixon’s employment is terminated for any reason other than death, disability, or pursuant to a change in control as of December 31, 2024, then he will not have any entitlements because he will remain unvested until reaching the age of 55. In the event of death, disability or a change in control event, Mr. Dixon will become vested and receive a lump sum payment of the balance of his account. |

| (7) | Represents the amounts under the Defined Contribution Plan agreements between CNB and Mr