Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 89

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 89
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 as soon as practicable after the Effective Time, and ESSA shall keep CNB informed regarding the progress and status
of the termination process.

(c) If employees of ESSA or ESSA Bank become eligible to participate in a medical, dental, vision,
prescription drug, disability plan or life insurance plan of CNB or CNB Bank upon termination of such plan of ESSA or ESSA Bank, CNB or CNB Bank shall use commercially reasonable efforts to cause each such plan to (i) waive any preexisting
condition limitations to the extent such conditions are covered under the applicable CNB Benefit Plan, (ii) provide credit under such plans for any deductible, co-payment and out-of-pocket expenses incurred by the employees and their beneficiaries during the portion of the calendar year that includes the Closing and prior to such participation and
(iii) waive any waiting period limitation, actively-at-work requirement or evidence of insurability requirement which would otherwise be applicable to such employee
on or after the Effective Time, in each case to the extent such employee had satisfied any similar limitation or requirement under an analogous ESSA Benefit Plan prior to the Effective Time; provided, however, that CNB shall not cause
any coverage of a Continuing Employee or such Continuing Employee’s dependents to terminate under any ESSA Benefit Plan which is a group health plan prior to the time such Continuing Employees or such

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Continuing Employee’s dependents, as applicable, have been offered participation in the group health plans common to all employees of CNB and their dependents, except in the case of a
termination of employment or other service.

(d) From and after the Effective Time, CNB agrees to honor all obligations under the
employment agreements, change in control agreements, supplemental executive retirement plans, split dollar life insurance and similar arrangements as set forth on , in each case in accordance with their terms.
sets forth the names of all participants, the value of each participant’s account balance and the amount of each lump sum or installment payment under each applicable
non-qualified deferred compensation plan.

(e) Subject to the occurrence of the Closing, the ESSA
Bank ESOP shall be terminated by ESSA Bank no later than the fifth (5) Business Day prior to the Closing Date. In connection with the termination of the ESSA Bank ESOP, all plan accounts shall
be fully vested, all outstanding indebtedness of the ESSA Bank ESOP shall be repaid by delivering a sufficient number of un