Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 135

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 135
---
 applicable award agreement. |

100

| (4) | Under the SERP, if employment ends prior to the normal retirement age, payment of the accrued benefit will commence on participant’s normal retirement age, as outlined in the table below, for the following twenty years, except if employment ends due to death, disability, or a termination following a change in control, in which case payments commence immediately. The amounts presented above reflect the total accrued benefit as of December 31, 2024 that would be paid out over twenty equal annual payments. If employment is terminated by reason of disability, or for any reason within one year following a change in control, then the participant will receive the full normal retirement benefit, as outlined in the accrued benefit table below, in a lump sum payment, regardless of whether normal retirement age has been attained. If employment is terminated by reason of death, then the designated beneficiary will receive the present value of the participant’s accrued benefit or normal retirement benefit in a lump sum within 90 days following death. |

|                                                              |     | Michael D. Peduzzi |     | Tito L. Lima |     | Martin T. Griffith |
| Annual Benefit                                               |     |           $120,000 |     |      $83,425 |     |            $90,000 |
| Term                                                         |     |           20 years |     |     20 years |     |           20 years |
| Normal Retirement Age                                        |     |                 62 |     |           62 |     |                 63 |
| Calculation of Accrued Benefit (to be paid over 20 years)(5) |     |                    |     |              |     |                    |
| Year Ending on December 31, 2023                             |     |           $240,000 |     |      $63,099 |     |           $180,000 |
| January 1 – December 31, 2024                                |     |           $960,000 |     |     $598,423 |     |           $720,000 |
| January 1 – December 31, 2025                                |     |         $1,680,000 |     |   $1,133,560 |     |         $1,260,000 |
| January 1 – December 31, 2026 or after                       |     |         $2,400,000 |     |   $1,668,502 |     |         $1,800,000 |

| (5) |