Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 207

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 207
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 in compliance in all material respects with all applicable laws and regulations;               |

| • |     | fail to use reasonable best efforts to preserve their business organizations intact, maintain the services of                                                       
 current officers and directors of ESSA and any of its subsidiaries, and preserve the goodwill of their customers and others with whom business relationships exist; |

| • |     | issue, sell or otherwise permit to become outstanding, or authorize the creation or reservation of, any                                                                                
 securities or equity equivalents or enter into any agreement with respect to the foregoing, except with respect to stock-based awards outstanding on the date of the merger agreement; |

| • |     | permit any additional shares of capital stock to become subject to grants of employee or director stock options,                                                                   
 warrants, rights, convertible securities and other arrangements or commitments which obligate ESSA to issue or dispose of any of their capital stock or other ownership interests; |

| • |     | directly or indirectly redeem, retire, purchase or otherwise acquire any shares of their capital stock (except to                                 
 the extent necessary to effect a cashless exercise of an option to purchase ESSA stock that was outstanding at the time of the merger agreement); |

| • |     | except for their regular quarterly dividends, make, declare, pay or set aside for payment any dividend on or in 
 respect of, or declare or make any distribution on any shares of ESSA stock;                                    |

| • |     | directly or indirectly adjust, split, combine, redeem, reclassify, purchase or otherwise acquire any shares of 
 their capital stock;                                                                                           |

| • |     | enter into, amend or renew any employment, consulting, severance or similar agreement or arrangement with any                                                                                                                                             
 director, officer, employee or individual service provider, or grant any salary or wage increase or increase any employee benefit or pay any incentive or bonus payments or grant any ESSA restricted stock or ESSA performance-based cash-settled awards 
 or accelerate the vesting, payment or funding of any compensation or benefits, except for (i) normal increases in base salary or wages to employees in the ordinary course of business consistent with past practice not to exceed 4% with respect        
 to any individual employee and all such increases in the aggregate not to exceed 3.5% of total compensation, (ii) as required under applicable law, the terms of the merger agreement or the terms of any ESSA benefit plan in effect on the date of      
 the agreement, (iii) cash contributions