Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 130

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 130
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 of the vested benefit under their Defined Contribution Plan described below. Mr. Dixon participates in the Defined Contribution Plan as described below. While participants in the SERP will generally vest according to the schedule set forth below, a participant will become 100% vested upon his or her death, disability or CNB undergoing a change in control. The amount payable upon a separation from service prior to retirement age other than for death, disability or a change in control is based on a pro-ratavesting schedule. Payment of benefits begins upon a participant reaching retirement age, with the exception of payments following death, disability or a change in control, which begin immediately, in each case provided that a termination of employment has occurred. The potential payments that would have occurred assuming a change in control or termination event at December 31, 2024 are outlined in the section entitled “—Termination and Change in Control Benefits” beginning on page 97. In conjunction with entering into the SERP with Mr. Lima, the Defined Contribution Plan he was party to was frozen as of September 30, 2023.

|                |     |        Michael D. Peduzzi |     |              Tito L. Lima |     |        Martin T. Griffith |
| Annual Benefit |     |                  $120,000 |     |                   $83,425 |     |                   $90,000 |
| Term           |     |                  20 years |     |                  20 years |     |                  20 years |
| Retirement Age |     |                        62 |     |                        62 |     |                        63 |
| Vesting        |     |          Pro-rata through 
 2026, at which point 100% |     |          Pro-rata through 
 2026, at which point 100% |     |          Pro-rata through 
 2026, at which point 100% |

The foregoing SERP is considered an unfunded plan for tax purposes and “top hat” plan for purposes of ERISA. All obligations arising under the SERP are payable from the general assets of CNB Bank. 96

Nonqualified Deferred Compensation Plan and Executive Defined Contribution Plan The following table includes information about the activity in, amounts earned, and balances of each NEO’s account under the CNB Financial Corporation Executive Deferred Compensation Plan and Executive Defined Contribution Plan.

| Name                |     | Plan               |     | Executive     
 Contributions 
 in 2024(1)    
 ($)           |        |     | Corporation   
 Contributions