Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 214

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 214
---
 are eligible to participate to take into account
for purposes of eligibility and vesting under the CNB benefit plans, but not for purposes of benefit accrual, the service of such employees with ESSA or ESSA Bank to the same extent as such service was credited for such purpose by ESSA or ESSA Bank.
Such service, however, will not be recognized to the extent that such recognition would result in a duplication of benefits or retroactive application.

Following the closing date of the merger, CNB may amend or terminate any ESSA benefit plan in accordance with its terms at any time.

If requested by CNB in writing not less than 30 days prior to the closing, ESSA or ESSA Bank, as applicable, will take all actions necessary to cease
contributions to and terminate each benefit plan that is intended to qualify as a 401(k) plan and to adopt written resolutions to terminate each such 401(k) plan; provided, however, that each such termination may be made contingent upon the
consummation of the transactions contemplated by the merger agreement. In such event, CNB will take any and all actions as may be required to permit continuing employees to participate in a CNB benefit plan that is intended to qualify as a 401(k)
plan immediately following the closing date and to permit continuing employees to roll over their account balances, including any participant loans, in the ESSA 401(k) Plan into the CNB 401(k) Plan.

If an employee of ESSA or ESSA Bank becomes eligible to participate in a medical, dental, vision, prescription drug, or other health plan, disability plan or
life insurance plan of CNB or CNB Bank upon termination of such

165

plan of ESSA or ESSA Bank, CNB or CNB Bank will 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 plan, (ii) provide credit under any 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 of the merger, in each case to the extent such employee satisfied any similar limitation or