Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 92

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 92
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, (ii) to the extent the award agreement provides, by the surrender of shares of CNB common stock (or attestation of ownership of shares of CNB common stock) with an aggregate fair market value, on the date of such surrender, of
the exercise price or purchase price, (iii) to the extent permissible by applicable law and to the extent the award agreement provides, by payment through a broker in accordance with procedures set forth by CNB, or (iv) to the extent the
award agreement provides and/or unless otherwise specified in an award agreement, any other form permissible by applicable law, including net exercise or net settlement and, for the purchase price of restricted stock, service rendered to CNB or
CNB’s affiliates.

Change in Control. If CNB experiences a “Change in Control” in which awards will not be assumed or continued
by the surviving entity: (i) immediately before the Change in Control, other than performance-based awards, all restricted stock, RSUs (including deferred stock units), and dividend equivalent rights will vest, and all shares of common stock
and/or cash subject to such awards will be delivered (subject to any limitations under Section 409A of the Code), and (ii) at the Committee’s discretion, (a) all options and SARs will become exercisable at least 15 days before
the Change in Control and terminate if unexercised upon the consummation of the Change in Control, and/or (b) all options, SARs, restricted stock, RSUs, and dividend equivalent rights will be terminated and cashed out, redeemed for securities
or other property of equivalent value. Performance-based awards will vest or become earned at the greater of (i) deemed achievement of target level performance; and (ii) actual performance as of the date reasonably proximal to the date of
consummation of the Change in Control. Other equity-based awards will be governed by the terms of the applicable award agreement.

If CNB experiences a
“Change in Control” in which awards will be assumed or continued by the surviving entity: (i) the awards will adjusted as appropriate as to the number of shares and type of capital stock to which the awards relate and, for options and
SARs, as to the exercise price, and (ii) if the grantee’s service is terminated without “cause” (as defined in the 2025 Plan) within the 24-month period following the consummation of such
Change in Control, the