Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 132

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 132
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65, provided that if Mr. Lima or Mr. Dixon becomes disabled, then payments will be made or commence within 90 days following the disability event. Notwithstanding the previous sentence, if Mr. Lima or Mr. Dixon dies prior to payments commencing under the defined contribution plan, then they will receive payment of their vested amounts in a lump sum within 90 days following death, and if their service with CNB terminates within one year following a change in control of CNB, then they will receive payment of the vested amounts in a lump sum within 90 days following the termination date of service. Amounts contributed to the defined contribution plan by CNB will be credited with earnings each December 31 at a fixed rate of 4%. The defined contribution plan is considered an unfunded plan for tax purposes and a “top hat” plan for purposes of ERISA. All obligations arising under the plan are payable from the general assets of CNB. Termination and Change in Control Benefits As discussed under the sections above entitled “CNB Compensation Discussion and Analysis—2024 Compensation Program and Pay Decisions” and “—Supplemental Executive Retirement Plan” beginning on pages 75 and 95, respectively, CNB provides additional benefits to the NEOs in the event of retirement or termination of employment in certain circumstances and in the event of a change in control. The table below summarizes and quantifies the estimated payments under the agreements, assuming a termination event would have occurred on December 31, 2024.

| NEO                                     
 Michael D. Peduzzi                      |     | No Change In Control 
 Event                
 Termination          
 Without              
 Cause(8)             |           |     | Termination 
 Following   
 Detrimental 
 Event to    
 Executive   
 (Good       
 Reason)     |           |     | Change In Control Event 
 Termination             
 Without                 
 Cause or                
 Detrimental             
 Event to                
 Executive               
 (Good                   
 Reason)                 |           |     | No          
 Termination |         |     | Other       
 Termination 
 Within One  
 Year of     
 Change In   
 Control     |           |     | Life Events 
 Retirement  |         |     | Disability(9) |           |     | Death |           |
|:----------------------------------------|:----|:---------------------|----------:|:----|:------------|----------:|:----|:------------------------|----------:|:----|:------------|--------:|:----|:------------|----------:|:----|:------------|--------: