Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 304

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 304
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 (as of the date
of such new compensation or benefits) to constitute an “excess parachute payment” as defined in Section 280G of the Code.

(d) . Hire any person as an employee of ESSA, ESSA Bank or any of their Subsidiaries or promote any employee to a position of
Vice President or above or to the extent such hire or promotion would increase any severance obligation, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on ,
(ii) persons hired to fill any vacancies arising after the date hereof at an annual salary of less than $80,000 and whose employment is terminable at the will of ESSA or ESSA Bank, as applicable, and (iii) as otherwise set forth on ; provided, however, that ESSA or ESSA Bank must provide notice to CNB within three (3) Business Days following the hiring of any persons hired to fill a vacancy.

(e) . Except as provided for on , enter into, establish, amend, modify or terminate
any ESSA Benefit Plan or adopt an arrangement that would constitute an ESSA Benefit Plan, except (i) as may be required by applicable law or the terms of this Agreement, subject to the provision of prior written notice and consultation with
respect thereto to CNB, or (ii) to satisfy contractual obligations existing as of the date hereof and set forth on .

(f) . Except any agreements or arrangements in effect on the date hereof, pay, loan or advance any amount
to, or sell, transfer or lease any properties or assets (real, personal or mixed, tangible or intangible) to, or enter into any agreement or arrangement with, any of its officers or directors or any of their immediate family members or any
affiliates or associates (as such terms are defined under the Exchange Act or in Regulation W of the Federal Reserve Act of 1913) of any of its officers or directors other than compensation in the ordinary course of business consistent with past
practice.

(g) . Sell, transfer, mortgage, pledge, encumber or otherwise dispose of or discontinue any of its assets,
deposits, business or properties except in the ordinary course of business consistent with past practice and in a transaction that, together with all other such transactions, is not material to ESSA taken as a whole.

(h) . Acquire (other than by way of foreclosures or acquisitions of control