Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 94

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 94
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 as soon
as practicable following the Effective Time. If this Agreement is terminated by CNB and/or ESSA in accordance with , , or , or
by ESSA only in accordance with or , CNB shall pay to ESSA all reasonable fees, expenses or charges related to reversing the Informational Systems Conversion within
ten (10) Business Days of ESSA providing CNB written evidence of such fees, expenses or charges.

Section 5.19 .

Section 5.20 . Prior to the Effective Time, each of the ESSA Board and the CNB Board, or a
committee ofnon-employee directors thereof (as such term is defined for purposes of Rule16b-3(d) under the Exchange
Act), shall take all such reasonable action as may be required to cause to be exempt from liability pursuant to Rule16b-3 under the Exchange Act, to the fullest extent permitted by
applicable law, any acquisitions or dispositions of shares of ESSA Stock and CNB Stock (including derivative securities with respect to such shares) that are treated as acquisitions or dispositions under such rule and result from the transactions
contemplated by this Agreement by officers and directors of ESSA subject to the reporting requirements of Section 16(a) of the Exchange Act or by each individual who is reasonably expected to become subject to the reporting
requirements of Section 16(a) of the Exchange Act with respect to CNB immediately after the Effective Time.

Section 5.21 . Promptly following the Effective Time, CNB Bank shall invite up to twelve (12) directors of ESSA who are serving in such capacity immediately prior to the Effective Time, other than the New
Board Members, or other market business and community leaders as recommended by the ESSA Chief Executive Officer and approved by CNB, to join a newly formed ESSA Bank Division Advisory Board of CNB Bank; provided that any director or officer
of ESSA invited to join the ESSA Bank Division Advisory Board must meet the applicable qualifications of such advisory board in order to join.

Section 5.22 . CNB agrees to support ESSA’s and ESSA Bank’s current and pending community matters
support commitments and after the Effective Time shall provide annual community support in ESSA’s and ESSA Bank’s current market areas in an amount equal to or greater than the level of support provided by ESSA and/or ESSA Bank as of the
date hereof