Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 240

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 240
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 of or participation in which is authorized pursuant to CNB’s bylaws upon receipt of an undertaking by or on behalf of the indemnified representative to repay the amount if it is ultimately determined that such person is not entitled to be indemnified by CNB. |     | a covered person, ESSA shall indemnify such person if: (i) such person is successful on the merits or otherwise; or (ii) such person acted in good faith in the transaction that is the subject of the third-party action and in a manner such person reasonably believed to be in, or not opposed to, the best interests of ESSA and, with respect to any criminal action or proceeding, such person had no reasonable cause to believe such person’s conduct was unlawful. The termination of a third-party action by judgment, order, settlement, conviction, or upon a pleas of nolo contendere or its equivalent shall not, in itself, create a presumption that the person failed to satisfy the standard of this paragraph. Reasonable expenses incurred by a director, officer, employee, or agent of ESSA in defending a civil or criminal action, suit, or proceeding shall be paid by ESSA in advance of the final disposition of such action, suit, or proceeding upon receipt of an undertaking by or on behalf of such person to repay such amount if it shall ultimately be determined that the person is not entitled to be indemnified by ESSA. |
| Notice of Shareholder Meetings |     | CNB’s bylaws provide that all shareholder meetings shall only be upon at least 21 days’ prior written notice. Written notice of every meeting of the shareholders shall be given by, or at the direction of, the secretary each shareholder of record entitled to vote at the meeting at least: (i) ten days prior to the day named for a meeting called to consider a fundamental change under 15 Pa.C.S. Chapter 19; or (ii) five days prior to the day named for the meeting in any other case. If the secretary neglects or refuses to give notice of a meeting, the person or persons calling the meeting may do so. Whenever written notice is required to be given to any                 |     | ESSA’s bylaws provide that notice of a meeting written notice of every meeting of shareholders shall be given by, or at the direction of, the secretary of ESSA or other authorized person to each shareholder of record entitled to vote at the meeting at least (i) ten days prior to the day named for a meeting