Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 21

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 21
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 completed fiscal
quarter, and shall be paid in cash within five (5) Business Days after the Effective Time, less applicable Taxes required to be withheld, if any, with respect to such vesting and payment.

(c) . Prior to the Effective Time, ESSA shall take all actions that may be necessary or required (under any ESSA
Equity Plan, any applicable law, the applicable award agreements or otherwise) (i) to effectuate the provisions of this, (ii) to terminate each ESSA Equity Plan as of the Effective Time without any further obligation or
liability, and (iii) to ensure that, from and after the Effective Time, holders of ESSA Restricted Stock and ESSA Cash-Settled Awards, as applicable, shall have no rights with respect thereto other than those rights specifically provided
in this .

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF ESSA AND ESSA BANK

As a material inducement to CNB to enter into this Agreement and to consummate the transactions contemplated hereby, ESSA and ESSA Bank hereby
make to CNB and CNB Bank the representations and warranties contained in this Article III, provided, however, that neither ESSA nor ESSA Bank shall be deemed to have breached a representation or warranty as a consequence of the existence of
any fact, event or circumstance unless such fact, event or circumstance, individually or taken together with all other facts, events or circumstances inconsistent with any representation or warranty contained in this Article III, has had or is
reasonably likely to have, a Material Adverse Effect (disregarding for purposes of this proviso any materiality or Material Adverse Effect qualification or exception contained in any representation or warranty). Notwithstanding the immediately
preceding sentence, the representations and warranties contained in (x) and shall be deemed untrue and incorrect if not true and correct except to a de minimis extent,
(y), , , , , , and shall be deemed untrue and incorrect if not true and correct in all material respects and
(z) Section 3.10(a) shall be deemed untrue and incorrect if not true and correct in all respects.

Section 3.01 . Except as set forth in the ESSA Disclosure Schedules or the ESSA SEC Documents, and subject to the preceding introductory paragraph of this Article III, each of ESSA and ESSA Bank hereby represents and warrants
to CNB and CNB Bank that the statements contained