Document:

Exhibit 10.12

 Exhibit 10.12 
 SETTLEMENT AGREEMENT 
 This Settlement Agreement (the
“Agreement”) is entered into as of March 26, 2013 by and among Doris Lambert (the “Executive”), CNB Financial Corporation, a Pennsylvania corporation (“Buyer”), FC Banc Corp., a bank holding
company (“Seller”), and The Farmers Citizens Bank, a wholly-owned subsidiary of Seller (“Seller Bank”). 
 WITNESSETH: 
 WHEREAS, concurrently with the execution of this
Agreement, Buyer and Seller are entering into an Agreement and Plan of Merger, dated as of March 26, 2013 (the “Merger Agreement”), and all capitalized terms not defined herein shall have the meaning set forth in the Merger
Agreement; and 
 WHEREAS, Buyer, Seller, Seller Bank, and the Executive desire to enter into this Agreement, which shall
supersede, except as set forth in Section 5 and Section 6.2 hereof, the Change of Control Agreement by and among Seller, Seller Bank, and the Executive, dated February 4, 2009 (the “Change of Control
Agreement”), effective immediately prior to the Effective Time of the Merger, and in lieu of any rights and payments under the Change of Control Agreement, the Executive shall be entitled to the rights and payments set forth herein (which
for the avoidance of doubt, the parties agree shall be the rights and payments to which the Executive is entitled in the event of the Executive’s giving written notice in the event of a “Change of Control” (as such term is defined in
the Change of Control Agreement) as contemplated by Sections 1 and 3 of the Change of Control Agreement). 
 NOW
THEREFORE, in consideration of the foregoing and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the Executive, Buyer, Seller, and Seller Bank agree as follows: 

1. Severance Amount. 
 1.1 Change of Control Agreement Amount. On the eighth
(8th) day following the Closing Date, provided the
Executive has not revoked the releases contained and referenced in Section 3 hereof and the Executive has remained employed with the Seller and Seller Bank to and including the Closing Date, Buyer shall, or shall cause an affiliate to,
pay to the Executive a lump-sum cash amount equal to the total of $105,539, in full satisfaction of the payment obligations of Seller and Seller Bank under Sections 1 and 3 of the Change of Control Agreement, less applicable tax withholdings (the
total of such sum, the “Change of Control Agreement Amount”). Notwithstanding the foregoing, if the eighth (8th) day following the Closing Date is not a business day, such payment shall be due on the next following business
day. 
 1.2 Section 280G Cut-Back. Notwithstanding anything in this Agreement to the contrary, if the Change of
Control Agreement Amount provided for in this Agreement, together with any other payments which the Executive has the right to receive from Buyer, Seller, Seller Bank, or any corporation which is a member of an “affiliated group” (as
defined in Code Section 1504(a), without regard to Code Section 1504(b)) of which Buyer, Seller, or Seller Bank is a member, would constitute an “excess parachute payment” (as defined in Code Section

 Execution Copy 
  

 
280G(b)(2)), payments pursuant to this Agreement shall be reduced to the extent necessary to ensure that no portion of such payments will be subject to the excise tax imposed by Code
Section 4999. Any determination required under this Section 1.2 shall be made by Buyer and its tax advisors, whose determination shall be conclusive and binding upon the Executive. 

1.3 No Further Adjustment. The parties hereby agree that the Change of Control Agreement Amount as determined in the manner
provided under Section 1.1 and Section 1.2 hereof is final and binding on all parties and shall not otherwise be subject to further adjustment. 
 1.4 Complete Satisfaction. In consideration of the payment of the Change of Control Agreement Amount and the other provisions of this Agreement, the Executive, Buyer, Seller, and Seller Bank hereby
agree that effective immediately following the Effective Time of the Merger, the Executive agrees that the full payment of the Change of Control Agreement Amount, as determined in accordance Section 1.1 and Section 1.2 shall
be in complete satisfaction of all rights to payments due to Executive under the Change of Control Agreement. 
 2. Code
Section 409A Compliance. The Executive and Buyer acknowledge that the Executive’s employment with Seller and/or Seller Bank will be terminated in connection with the Merger, effective immediately upon the Effective Time of the Merger,
and that such termination will be a “separation from service” (within the meaning of Code Section 409A and the regulations thereunder) as an employee of Seller and Seller Bank. Anything in this Agreement to the contrary
notwithstanding, if at the time of the Executive’s “separation from service,” Buyer determines that the Executive is a “specified employee” within the meaning of Code Section 409A(a)(2)(B)(i), then to the extent the
Change of Control Agreement Amount would be considered deferred compensation otherwise subject to the 20 percent additional tax imposed pursuant to Code Section 409A(a) as a result of the application of Code Section 409A(a)(2)(B)(i), such
payment shall not be payable until the date that is the earlier of (A) six months and one day after the Executive’s separation from service, or (B) the Executive’s death. The intent of the parties is that payments and benefits
under this Agreement either be exempt from or comply with Code Section 409A and the regulations and guidance promulgated thereunder and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance
therewith. In no event whatsoever shall Buyer or its affiliates be liable for any additional tax, interest, or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.
Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes “deferred compensation” for purposes of Code Section 409A be subject to offset, counterclaim,
or recoupment by any other amount payable to Executive unless otherwise permitted by Code Section 409A. Buyer, Seller, and Seller Bank make no representation or warranty and shall have no liability to the Executive or any other person if any
provisions of this Agreement are determined to constitute deferred compensation subject to Code Section 409A but do not satisfy an exemption from, or the conditions of, such Section. 

 3. Releases. 

3.1 Release Upon Execution. In consideration of Buyer’s agreement to pay (or to cause to be paid) to the Executive the Change
of Control Agreement Amount and, subject to the payment of the foregoing specified dollar amounts, all as provided under this Agreement, and other good and valuable consideration, the sufficiency of which is hereby acknowledged by the Executive, for
herself and for her heirs, successors, and assigns, does hereby release completely and forever discharge Buyer, Seller, and Seller Bank, their respective affiliates, successors, predecessors, subsidiaries, related entities, or assigns, and their
respective current and former directors, officers, employees, agents, benefit plans, benefit plan administrators and trustees, attorneys, insurers, representatives, successors, and assigns (any and all of which are referred to below as the
“Releasees”), from any and all obligations, claims, actions, causes of action, demands, liabilities, expenses, or damages of any kind (including attorneys’ fees and costs actually incurred), regardless of whether known or
unknown, that the Executive now has, owns, or holds, or claims to have, own, or hold, or that he at any time had, owned, or held, or claimed to have had, owned, or held against any Releasee. This general release of claims includes, without
implication of limitation, the release of all claims: 
  

	 	•	 	 relating to the Executive’s employment by Seller and Seller Bank and the determination not to continue the Executive’s employment by Seller
and Seller Bank beyond the Closing Date; 

  

	 	•	 	 relating to the Change of Control Agreement and all employee benefit plans of Seller or Seller Bank; 

 

	 	•	 	 of wrongful discharge; 

  

	 	•	 	 of breach of contract; 

  

	 	•	 	 of retaliation or discrimination under federal, state, or local law (including, without limitation, claims of age discrimination or retaliation under
the Age Discrimination in Employment Act, claims of disability discrimination or retaliation under the Americans with Disabilities Act, claims of discrimination or retaliation under Title VII of the Civil Rights Act of 1964, and claims of
discrimination or retaliation under state law); 

  

	 	•	 	 under any other federal or state statute, to the fullest extent that claims may be released; 

 

	 	•	 	 relating to any employment decisions communicated by Buyer to the Executive; 

 

	 	•	 	 of defamation or other torts; 

  

	 	•	 	 of violation of public policy; 

  

	 	•	 	 for salary, bonuses, vacation pay, or any other compensation or benefits; and 

 

	 	•	 	 for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages, injunctive relief, and
attorney’s fees.  

 Notwithstanding the foregoing, this Agreement shall not release Buyer, Seller,
or Seller Bank, as applicable, from any of the following: (a) obligations to pay to the Executive accrued but unpaid wages, and make payments for accrued but unused vacation, earned up to the Effective Time of the Merger to the extent required
by applicable law; (b) the payment of any of the Executive’s vested benefits under the tax-qualified plans of Seller or Seller Bank; (c) obligations regarding accelerated vesting of equity awards, if any, under any equity awards
granted by Seller or Seller Bank to the Executive and outstanding immediately prior to the Effective Time; (d) the payment of the Merger Consideration with respect to the Executive’s common stock of Seller as contemplated by
Section 2.01 of the Merger Agreement (including, for the avoidance of doubt, payments of Merger Consideration for restricted stock which has had its vesting schedule accelerated); or (e) rights to indemnification under applicable corporate
law or the organizational documents of Seller or Seller Bank or as an insured under any director’s 

 
and officer’s liability insurance policy new or previously in force. The Executive acknowledges that the consideration given for this Agreement is in addition to anything of value to which
the Executive is already entitled. The Executive hereby represents and warrants that he has not filed any action, complaint, charge, grievance, arbitration, or similar proceeding against any of the Releasees. The Executive agrees that she shall not
accept any award, damages, recovery, or settlement from any proceeding brought by her or on her behalf pertaining to the claims released herein. 
 3.2 Release Upon Closing. Upon the Closing Date, the Executive shall be considered to have been tendered a release of claims in the form attached to this Agreement as Exhibit A. No
later than the Closing Date, the Executive shall execute and deliver to Buyer such release of claims in the form attached to this Agreement as Exhibit A. 
 4. Time for Consideration; Right to Revoke. The Executive acknowledges that she has been given the opportunity to consider this Agreement for the period of forty-five (45) days from the date
of its delivery to her. In the event the Executive executed this Agreement within less than forty-five (45) days after such date, she acknowledges that such decision was entirely voluntary and that she had the opportunity to consider this
Agreement until the end of the forty-five (45) day period. The Executive further acknowledges that: (i) she has seven (7) days following her execution of this Agreement to revoke this Agreement (the “Revocation
Period”) in a writing delivered to Buyer by certified mail, by hand, or courier service (signature of receipt required); and (ii) this Agreement shall not be effective, and no payment shall be due, owing, or paid, until the Revocation
Period has expired without the Executive revoking the Agreement and otherwise in accordance with the Agreement. 
 5.
Surviving Terms. Notwithstanding anything to the contrary contained herein, to the extent the Executive is subject to restrictive covenants in a written agreement by and between the Seller and/or Seller Bank and the Executive, such
restrictive covenants shall survive the Executive’s termination of employment as contemplated herein. 
 6. General.

 6.1 Heirs, Successors, and Assigns. The terms of this Agreement shall be binding upon the parties hereto and their
respective heirs, successors, and assigns. 
 6.2 Final Agreement. This Agreement represents the entire understanding of
the parties with respect to the subject matter hereof and supersedes all prior understandings, written or oral, except as set forth in Section 5 hereof. The terms of this Agreement may be changed, modified, or discharged only by an
instrument in writing signed by each of the parties hereto. 
 6.3 Withholdings. Seller, Seller Bank, and Buyer may
withhold from any amounts payable under this Agreement such federal, state, or local taxes as may be required to be withheld pursuant to applicable law or regulation. 
 6.4 Governing Law. This Agreement shall be construed, enforced, and interpreted in accordance with and governed by the laws of the Commonwealth of Pennsylvania, without reference to its principles
of conflicts of law, except to the extent that federal law shall be deemed to preempt such state laws. 

 6.5 Regulatory Limitations. Notwithstanding any other provision of this Agreement,
neither Buyer, Seller, nor Seller Bank shall be obligated to make, and Executive shall have no right to receive, any payment under this Agreement which would violate any law, regulation, or regulatory order applicable to Buyer, Seller, or Seller
Bank, as applicable, at the time such payment is due, including, without limitation, Section 1828(k)(1) of Title 12 of the United States Code and any regulation or order thereunder of the Federal Deposit Insurance Corporation. 

6.6 Voluntary Action and Waiver. The Executive acknowledges that by her free and voluntary act of signing below, the Executive
agrees to all of the terms of this Agreement and intends to be legally bound thereby. The Executive acknowledges that she has been advised to consult with an attorney prior to executing this Agreement. 

6.7 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but
all of which together shall constitute one and the same instrument. 
 7. Effectiveness. Notwithstanding anything to the
contrary contained herein, this Agreement shall be subject to consummation of the Merger in accordance with the terms of the Merger Agreement, as the same may be amended by the parties thereto in accordance with its terms. In the event the Merger
Agreement is terminated for any reason or the Merger does not occur, this Agreement shall be deemed null and void with respect to all actions not yet taken pursuant to this Agreement. 

[SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, Buyer, Seller, and Seller Bank have each caused this Agreement to
be executed by their duly authorized officers, and the Executive has signed this Agreement, effective as of the date first above written. 
  

			
	EXECUTIVE:
	
	/s/ Doris M. Lambert
	Doris Lambert
	
	 CNB FINANCIAL CORPORATION

		
	 By:    
	 	 /s/ Joseph B. Bower, Jr.

	Name: Joseph B. Bower, Jr.
	Title:   President and CEO

  

			
	FC BANC CORPORATION
		
	 By:    
	 	 /s/ Coleman J. Clougherty

	Name: Coleman J. Clougherty
	Title:   President

  

			
	THE FARMERS CITIZENS BANK
		
	 By:    
	 	 /s/ Coleman J. Clougherty

	Name: Coleman J. Clougherty
	Title:   President and CEO

 [SIGNATURE PAGE TO THE SETTLEMENT AGREEMENT] 

 EXHIBIT A 
 RELEASE OF CLAIMS 
 For and in consideration of the payments to be
provided to me upon the termination of my employment (the “Applicable Date”) pursuant to the Settlement Agreement, between CNB Financial Corporation, a Pennsylvania corporation (“Buyer”), FC Banc Corp., a bank
holding company (“Seller”), The Farmers Citizens Bank, a wholly-owned subsidiary of Seller (“Seller Bank”) (together, the “Companies”), and me, executed March 26, 2013 and effective as of
[Date] (the “Agreement”), which are conditioned on my signing this Release of Claims: 
 I, Doris Lambert, on my
own behalf and on behalf of my heirs, executors, administrators, beneficiaries, representatives, and assigns, and all others connected with or claiming through me, hereby release and forever discharge the Companies, their affiliates, and all of
their respective past, present, and future officers, directors, trustees, shareholders, employees, employee benefit plans, agents, general and limited partners, members, managers, joint venturers, representatives, successors, and assigns, and all
others connected with any of them, both individually and in their official capacities, from any and all causes of action, rights or claims of any type or description, known or unknown, which I have had in the past, now have, or might now have,
through the date of my signing of this Release of Claims, in any way resulting from or arising out of my employment by the Companies or any of its affiliates (including, if applicable, the termination of that employment) or pursuant to any federal,
state, or local law, regulation, or other requirement, including without limitation Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, and the fair employment practices laws of
the state or states in which I have been employed by the Companies or any of their affiliates, each as amended from time to time. 
 In signing this Release of Claims, I acknowledge my understanding that I may not sign it prior to the Applicable Date, but that I may consider the terms of this Release of Claims for up to forty-five
(45) days (or such longer period as the Companies may specify) from the later of the Applicable Date or the date I receive this Release of Claims. 
 I also acknowledge that I was advised by the Companies and their affiliates to seek the advice of an attorney prior to signing this Release of Claims; that I have had sufficient time to consider this
Release of Claims and to consult with an attorney, if I wished to do so, or to consult with any other person of my choosing before signing; and that I am signing this Release of Claims voluntarily and with a full understanding of its terms. I
understand that capitalized terms not defined in this Release of Claims have the meaning assigned to them in the Agreement. 
 I
further acknowledge that, in signing this Release of Claims, I have not relied on any promises or representations, express or implied, that are not set forth expressly in the Agreement. I understand that I may revoke this Release of Claims at any
time within seven (7) days of the date of my signing by written notice delivered to Buyer by certified mail, by hand, or courier service (signature of receipt required) and that this Release of Claims will take effect only upon the expiration
of such seven-day revocation period and only if I have not timely revoked it. 

 Notwithstanding anything in this Release of Claims to the contrary, this Release of Claims
shall not release the Companies from any of the following: (a) obligations to pay to the wages and make payments for accrued but unused paid time off earned up to the date of my termination of employment to the extent required by applicable law
or the policies of the Companies; (b) the payment of any of the vested benefits under the tax-qualified plans and nonqualified plans of the Companies; (c) the rights to any vested equity grants with common stock pursuant to the terms of
the award agreements and plan governing such equity grants; (d) vested rights under any welfare or insurance plan of the Companies including, but not limited to, COBRA insurance continuation rights with respect to health insurance coverage; or
(e) the continuing obligations of the Companies under any indemnity provisions currently applicable to my service with the Companies in any capacity. 
 Intending to be legally bound, I have signed this Release of Claims under seal as of the date written below. 
 Signature:                                
                                       

Name (please print):
                                         
            
 Date:Exhibit 10.13

 Exhibit 10.13 
 EMPLOYMENT CONTRACT 
 THIS EMPLOYMENT CONTRACT (the
“Agreement”) is made by and between CNB FINANCIAL CORPORATION, a Pennsylvania business corporation, CNB BANK, a state banking institution organized under the laws of the Commonwealth of Pennsylvania, with its principal
office at One South Second Street, P.O. Box 42, Clearfield, Pennsylvania 16830 (hereinafter collectively referred to as “CNB”), and DAVID D. DYGERT, an adult individual, residing at 4125 Clairmont Road, Columbus, Ohio 43220
(hereinafter the “Officer”), to be effective as of the Effective Date (as defined below). 
 WHEREAS, Officer
previously served as the Executive Vice President and Columbus Metro Regional Manager of Commercial Banking for The Farmers Citizens Bank (“FC Bank”); 
 WHEREAS, concurrently with the execution of this Agreement, CNB has entered into an Agreement and Plan of Merger, dated as of March 26, 2013, by and between CNB and FC Banc Corp. (the “Merger
Agreement”), pursuant to which FC Bank will merge with and into CNB Bank, with CNB Bank being the surviving corporation; 
 WHEREAS, CNB desires to employ Officer after the Merger (as defined in the Merger Agreement), and Officer desires to accept such employment upon the terms and conditions set forth herein, including,
without limitation, the restrictive covenants in Sections 6 and 7 herein; and 
 WHEREAS, CNB and Officer (the
“Parties,” each a “Party”) desire this Agreement to be contingent upon and effective as of the consummation of the Merger (as defined in the Merger Agreement) in accordance with the terms of the Merger Agreement
(the “Effective Date”). 

 NOW WITNESSETH: 

The Parties for themselves, their heirs, successors, and assigns, in consideration of their mutual promises contained herein, intending
to be legally bound, hereby agree to the following terms and conditions. 
 1. EMPLOYMENT: As of the Effective Date, CNB
will employ Officer as the Senior Vice President of Commercial Lending of FC Bank, a division of CNB Bank, and Officer agrees to serve in such capacity. Officer promises that during the term of this Agreement he shall dedicate his full time,
attention, and energies to his employment with CNB. Officer further promises that he will report to the President of FC Bank, a division of CNB Bank, and the Chief Commercial Lender of CNB Bank and carry out the decisions and otherwise abide by and
enforce the policies of CNB. 
 Officer shall also perform such other reasonable duties as may hereafter be assigned to him by
CNB, consistent with his abilities and position, including but not limited to services to CNB Bank’s parent, CNB Financial Corporation, and its other subsidiaries. 
 Officer will not engage in any other employment during the term of this Agreement, nor shall he engage in self-employed activities. 

Officer also recognizes that CNB’s success and recognition depend on his involvement with charitable and social organizations. In
this regard, Officer agrees to engage in such social and charitable activities or organizations as are consistent with his personal responsibilities and with his position with CNB. 

Officer shall also comply with all other CNB procedures and polices now or hereafter in effect. 

  
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 Officer further agrees that he shall comport himself at all times in a manner that reflects
upon CNB in a positive fashion. 
 2. TERM: The term of this Agreement shall be for two (2) years commencing on the
Effective Date, unless terminated sooner pursuant to the other provisions of this Agreement. 
 However, the provisions of
Section 6 and 7 shall continue in force in accordance with the provisions therein and shall survive the expiration or termination of the term of employment and this Agreement. 

3. COMPENSATION: Officer’s annual base salary shall be one hundred and seventy-four thousand dollars ($174,000). During the
term of employment, Officer is eligible for an annual bonus with a target equal to thirty-five percent (35%) of his annual base salary based on goals and other conditions as the CEO and the President of CNB Bank, in their sole discretion, shall
determine on an annual basis (“Bonus Component I”). In addition to Bonus Component I, Officer is eligible to receive an annual amount up to sixty-five percent (65%) of his annual base salary determined by the following factors:
(1) fifteen (15) basis points based upon personal loan production, plus (2) fifteen percent (15%) of fees collected from his personal loan production, plus (3) a five (5) basis point override on other commercial lender
production in the Columbus market (together, “Bonus Component II”). Notwithstanding anything to the contrary contained herein, the sum of Bonus Component I and Bonus Component II shall not exceed an amount equal to one hundred
percent (100%) of Officer’s annual base salary. 
 In addition, Officer will be provided the use of an automobile
during the term of this Agreement. 

  
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 4. RESTRICTED STOCK: Upon the Officer’s commencement of employment on the
Effective Date, CNB shall grant to the Officer restricted shares of CNB common stock having an aggregate fair market value of $60,000 as of the Effective Date (the “Restricted Stock Award”). The Restricted Stock Award shall vest in
four annual installments at a rate of twenty-five percent (25%) per year on each of the first four anniversaries of the Effective Date. The terms and conditions of the Restricted Stock Award shall be evidenced by a separate restricted stock
agreement, to be entered into between CNB and Officer and shall be subject to the terms and provisions of the CNB 2009 Stock Incentive Plan. 
 5. OTHER BENEFITS: Officer shall be entitled to participate in CNB’s retirement plan, health insurance plan, life insurance plan, and such other benefits as CNB from time to time may provide
to its employees. 
 Officer shall also be entitled to twenty-two (22) days paid vacation plus such sick leave as he may
reasonably and actually require, both of which are upon condition that, consistent with the past practice of CNB and upon condition that, in the opinion of the CEO and the President of CNB Bank, the amount and timing of his vacation does not
unreasonably interfere with or detract from the fulfillment of his duties under this Agreement. 
 Officer shall be entitled to
bereavement and such other employee benefits as now or hereafter may be granted by CNB’s personnel policies. 
 6.
CONFIDENTIAL INFORMATION: Officer acknowledges and agrees that as an inducement to CNB to employ him and enter this Agreement with him, that he shall not disclose, directly or indirectly, intentionally or unintentionally, during the term of
this Agreement or at any time after its expiration or termination, any of CNB’s proprietary information, account information, customer lists, customer information, policies, pricing, strategy, codes, strategic plan, plans for expansion or
business development, or other information of a confidential nature (hereinafter referred to as “Confidential Information”), whatsoever regarding CNB without first 

  
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obtaining the prior, written consent from CNB’s Chairperson of the Board of Directors that such disclosure is authorized. Communications with CNB’s employees, customers, and business
relations are excepted from the foregoing prohibition during the term of this Agreement to the extent that such communications are consistent with Officer’s duties. 
 Confidential Information shall include all information recorded, memorialized, or communicated in any form whether written, printed, verbal, video, photographic, electronic, magnetic, digital, or
otherwise. This concept shall also include such confidential information as Officer may have memorized or remembered, notwithstanding the law of the Commonwealth of Pennsylvania or other law to the contrary. 

Upon expiration or termination of this Agreement for any reason, Officer promises that he shall promptly return to CNB or its designated
representative any Confidential Information, automobile, insurance cards, owner’s cards, keys, credit cards, or other CNB property in his possession. 
 Officer further promises that he will not take, keep, or record copies, duplications, or reproductions of the Confidential Information or other property subject to this Agreement after expiration or
termination of this Agreement. 
 7. COVENANT NOT TO COMPETE: As additional consideration to CNB for entering this
Agreement, and for granting the severance benefits described in Section 8 below, which are a new benefit, Officer covenants that he shall not compete against CNB, its parent, affiliates, or subsidiaries, either directly or indirectly, by taking
employment, gratuitously assisting or serving as an independent contractor, consultant, partner, director, or officer with a competitor of CNB, or starting his own business which would compete directly or indirectly with CNB, or have a material
interest in any business, corporation, partnership, LLC, savings and loan, bank, 

  
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financial institution, brokerage, or other venture which competes directly or indirectly with CNB (except for holdings of no greater than 1% of the total outstanding shares in a publicly-traded
company) while he is employed by CNB and until the expiration of a period of one (1) year following the date on which Officer is last employed by CNB. For the purpose of defining and enforcing this covenant, CNB’s competitors will
be identified at the time the Officer terminates employment with CNB. This determination shall be based on CNB’s market area and CNB’s plans for expansion or acquisition into other market areas at the time the Officer terminates employment
with CNB. For purposes of the foregoing sentence, the market area shall be considered to be the twenty-five (25)-mile radius of any location, branch, or division of CNB, its parent, affiliates, or subsidiaries. 

The Parties further agree that Officer’s covenant not to compete shall apply in the event of his regular retirement or voluntary
termination of his employment hereunder. Officer agrees in this regard that the security provided by this Agreement is adequate consideration for his covenant not to compete. 
 Officer agrees that the relevant public policy and legal aspects of covenants not to compete have been discussed with him and that every effort has been made to limit the restrictions placed upon Officer
to those that are reasonable and necessary to protect CNB’s legitimate interests. Officer acknowledges that, based upon his education, experience, and training, the non-compete and non-solicitation provisions of this Section 7 will not
prevent Officer from earning a livelihood and supporting Officer and his family during the relevant time period. 
 The
existence of a claim, charge, or cause of action by Officer against CNB or any of its affiliates shall not constitute a defense to the enforcement by CNB of the foregoing restrictive covenants, but such claim, charge, or cause of action shall be
litigated separately. 

  
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 If any restriction set forth in this Section 7 is found by any court of competent
jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, the court is hereby expressly authorized to modify this Agreement or to interpret this
Agreement to extend only over the maximum period of time, range of activities, or geographic areas as to which it may be enforceable. 
 8. SEVERANCE PAY: If Officer’s employment is terminated without cause during the term of this Agreement, (1) Officer shall be entitled to a severance payment equal to one (1) times
his annual base salary for the year in which his employment ends and (2) any unvested portion of Officer’s Restricted Stock Award under Section 4 shall fully vest. The severance payment shall be tendered to Officer in cash in lump sum
following his separation from service. 
 Notwithstanding anything in this Agreement to the contrary, it
will be a condition to Officer’s right to receive any severance benefits under this Section 8 that he execute and deliver to CNB no later than fifty-three (53) days following his separation from service and not revoke a release of
claims in favor of CNB in the form as may be reasonably prescribed by CNB. Subject to Sections 13 and 14, the severance payment under this Section 8 will be paid the day after the expiration of the sixty (60)-day period following Officer’s
separation from service, provided that Officer has executed, delivered, and not revoked the release no later than fifty-three (53) days following his separation from service and such release is effective upon the sixtieth (60th) day following his separation from service. 

A form of the release which Officer will be required to sign in order to receive the foregoing severance benefits is attached hereto as
Exhibit A, and Officer hereby expressly approves it. 

  
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 9. TERMINATION: This Agreement may be terminated on the occurrence of any of the
following events and if terminated under this paragraph, Officer shall not be entitled to severance pay under Section 8: 
  

	 	A.	The execution of a written agreement between CNB and Officer to terminate this Agreement; 

 

	 	B.	Officer’s death; 

  

	 	C.	Officer’s breach of any term or condition of this Agreement; 

  

	 	D.	Officer’s failure or refusal to comply with such reasonable policies, directions, standards, and regulations that CNB may establish from time to time;

  

	 	E.	Officer’s inability to fully and competently perform his duties hereunder for a period of 180 continuous days due to physical, mental, or psychological illness,
injury, or condition; or 

  

	 	F.	Officer ceases to qualify for his offices and responsibilities under this Agreement pursuant to any statute or regulation, now or hereafter issued by the United States
of America, the Federal Reserve, the Office of the Comptroller of Currency, the Pennsylvania Department of Banking, or other regulatory agency or body duly invested with authority over CNB, its parent, or affiliate(s). 

10. NOTICES: All notices or communications required by or bearing upon this Agreement or between the Parties shall be in writing
and sent by First Class Mail to the Parties as follows, unless otherwise specified above: 
  

			
	CNB Financial Corporation	  	David D. Dygert
	CNB Bank	  	4125 Clairmont Road
	Attention: Chairperson of the Board	  	Columbus, Ohio 43220
	One South Second Street, P.O. Box 42	  	
	Clearfield, PA 16830	  	

 11. NON-ASSIGNMENT: The Parties acknowledge the unique nature of services to be provided by
Officer under this Agreement, the high degree of responsibility borne by him and the personal nature of his relationship to CNB’s Board of Directors and customers. Therefore, the Parties agree that Officer may not assign this Agreement.

  
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 12. ARBITRATION: The Parties agree that all disputes or
questions arising under this Agreement or because of their employment relationship shall be submitted to arbitration by three (3) arbitrators. Each Party shall select one (1) arbitrator, and then those two (2) arbitrators shall select
a third (3rd) arbitrator. The arbitrators’
decision need not be unanimous. Arbitration shall be conducted at a private location in Clearfield County convenient to the Parties. The arbitrators must reach and give notice of their decision within five (5) days after completion of an
arbitration. The Pennsylvania Uniform Arbitration Act, 42 Pa.C.S.A. § 57301 et seq. shall govern arbitrations hereunder. CNB shall compensate the arbitrators and stenographer if used. CNB shall also pay for the arbitration room. Each Party
shall pay their attorney fees and other costs. 
 13. LIMITATION ON PAYMENTS: In the event that the severance pay
provided for in this Agreement or otherwise payable to Officer (i) constitutes “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for
this Section 13, would be subject to the excise tax imposed by Section 4999 of the Code, than Officer’s severance benefits shall be delivered as to such lesser extent which would result in no portion of such severance benefits being
subject to the excise tax under Section 4999 of the Code (the “Reduced Amount”). When determining the Reduced Amount, the payments and benefits to be provided under this Agreement shall be reduced, but not below zero, by
reducing or eliminating the cash payment. Unless CNB and Officer otherwise agree in writing, any determination required under this Section 13 shall be made in writing by CNB’s independent public accountants, whose determination shall be
conclusive and binding upon CNB and Officer for all purposes. For purposes of making the calculations required by this Section 13, the 

  
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accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and
4999 of the Code. CNB and Officer shall furnish such information and documents as the accountants may reasonably request in order to make a determination under this Section. CNB shall bear all costs the accountants may reasonably incur in connection
with any calculations contemplated by this Section 13. 
 14. COMPLIANCE WITH SECTION 409A OF THE CODE:
Officer and CNB acknowledge that each of the payments and benefits promised to Officer under this Agreement must either comply with the requirements of Section 409A of the Code (“Section 409A”), and the regulations
thereunder or qualify for an exception from compliance. To that end, Officer and CNB agree that the payment described in Section 8 is intended to be excepted from compliance with Section 409A as a short-term deferral pursuant to Treasury
Regulation Section 1.409A-1(b)(4). 
 In the case of a payment that is not excepted from compliance with
Section 409A, and that is not otherwise designated to be paid immediately upon a permissible payment event within the meaning of Treasury Regulation Section 1.409A-3(a), the payment shall not be made prior to, and shall, if necessary, be
deferred to and paid on the later of the date sixty (60) days after Officer’s earliest separation from service (within the meaning of Treasury Regulation Section 1.409A-1(h)) and, if Officer is a specified employee (within the meaning
of Treasury Regulation Section 1.409A-1(i)) on the date of his separation from service, the first day of the seventh month following Officer’s separation from service. Furthermore, this Agreement shall be construed and administered in such
manner as shall be necessary to effect compliance with Section 409A. 

  
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 15. INJUNCTIVE RELIEF: Officer acknowledges and accepts that his compliance with
Sections 6, 7, and/or 8 is an integral part of the consideration to be received by CNB and is necessary to protect the equity value, business and goodwill, and other proprietary interests of CNB. Officer acknowledges that a breach of Sections 6, 7
and/or 8 will result in irreparable and continuing damage to CNB and the business of CNB for which the remedies at law will be inadequate, and agrees that, in the event of any breach of the aforesaid Sections of this Agreement, CNB and its
successors and assigns shall be entitled to seek injunctive relief and to any such other and further relief as may be proper. 

16. ENFORCEABILITY: If any provision of this Agreement shall be found by a court with proper jurisdiction to be invalid or
unenforceable, in whole or in part, then such provision shall be deemed to be modified, narrowed, or restricted only to the limited extent and in the manner necessary to render the same valid and enforceable, as the case may require, and this
Agreement shall be construed and enforced to the maximum extent permitted by law as if such provision had been originally incorporated herein as so modified, narrowed, or restricted. 

17. GENERAL PROVISIONS: 
  

	 	A.	This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania, without reference to its principles of conflicts of law. 

 

	 	B.	In construing or interpreting this Agreement, “CNB” and “Officer” shall mean, wherever applicable, the singular or plural, the masculine or the
feminine, individual, individuals, partnership, or corporation, as the case may be. 

  

	 	C.	This Agreement represents the sole agreement of the Parties on these subjects and supersedes all prior communications, representations, and negotiations, whether oral
or written, except as set forth in a separate written settlement agreement by and between CNB and the Officer as of the date hereof. 

  

	 	D.	This Agreement can only be modified or amended by the prior written consent of both Parties hereto. 

 

	 	E.	Jurisdiction and venue shall rest in the Court of Common Pleas of Clearfield, Pennsylvania, for all suits, claims, and causes of action whatsoever.

  
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	 	F.	Failure by either Party to pursue remedies or assert rights under this Agreement shall not be construed as waiver of that Party’s rights or remedies, nor shall a
Party’s failure to demand strict compliance with the terms and conditions of this Agreement prohibit or estop that Party from insisting upon strict compliance in the future. 

 

	 	G.	The Parties deem that the terms of this Agreement are unique, and in addition to their other rights and remedies at law, and at equity, either Party shall have the
right to specifically enforce the terms of this Agreement. 

  

	 	H.	This Agreement shall bind the Parties’ heirs, successors, representatives, related corporations, and assigns. 

 

	 	I.	Notwithstanding anything herein contained to the contrary, and payment to Officer by CNB, whether pursuant to this Agreement or otherwise, are subject to and
conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. Section 1828(k), and any regulations promulgated thereunder. 

18. EFFECTIVENESS: Notwithstanding anything to the contrary contained herein, this Agreement shall be subject to consummation of
the Merger (as defined in the Merger Agreement) in accordance with the terms of the Merger Agreement, as the same may be amended by the parties thereto in accordance with its terms. In the event the Merger Agreement is terminated for any reason or
the Merger (as defined in the Merger Agreement) does not occur, this Agreement shall be deemed null and void with respect to all actions not yet taken pursuant to this Agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the Parties have executed this Agreement
this 26th day of March, 2013, to be effective on the
Effective Date, for the purposes herein contained. 
  

									
	CNB FINANCIAL CORPORATION	 		 	OFFICER
				
	By:    	 	/s/ Joseph B. Bower, Jr.	 		 	/s/ David D. Dygert
	Name: Joseph B. Bower, Jr.	 		 	David D. Dygert
	Title:   President and CEO	 		 	
				
	By:	 	/s/ Brian W. Wingard             	 		 	
	Name: Brian W. Wingard	 		 	
	Title:   Treasurer	 		 	
			
	CNB BANK	 		 	
				
	By:	 	/s/ Joseph B. Bower, Jr.            	 		 	
	Name: Joseph B. Bower, Jr.	 		 	
	Title:   President and CEO	 		 	
				
	By:	 	/s/ Brian W. Wingard             	 		 	
	Name: Brian W. Wingard	 		 	
	Title:   SVP/CFO	 		 	

  
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 EXHIBIT A 
 RELEASE OF CLAIMS 
 For and in consideration of the payments to be
provided to me upon the expiration of the term of the Agreement or upon the termination of my employment, as applicable (the “Applicable Date”) pursuant to the applicable provision of the Employment Contract, between CNB Financial
Corporation, CNB Bank (together, the “Employer”) and me, executed March 26, 2013 and effective as of [Date] (the “Agreement”), which are conditioned on my signing this Release of Claims: 

I, David D. Dygert, on my own behalf and on behalf of my heirs, executors, administrators, beneficiaries, representatives, and assigns,
and all others connected with or claiming through me, hereby release and forever discharge the Employer, its affiliates, and all of their respective past, present, and future officers, directors, trustees, shareholders, employees, employee benefit
plans, agents, general and limited partners, members, managers, joint venturers, representatives, successors, and assigns, and all others connected with any of them, both individually and in their official capacities, from any and all causes of
action, rights, or claims of any type or description, known or unknown, which I have had in the past, now have, or might now have, through the date of my signing of this Release of Claims, in any way resulting from or arising out of my employment by
the Employer or any of its affiliates (including, if applicable, the termination of that employment) or pursuant to any federal, state, or local law, regulation, or other requirement, including without limitation Title VII of the Civil Rights Act of
1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, and the fair employment practices laws of the state or states in which I have been employed by the Employer or any of its affiliates, each as amended from time to
time. 
 In signing this Release of Claims, I acknowledge my understanding that I may not sign it prior to the Applicable Date,
but that I may consider the terms of this Release of Claims for up to twenty-one (21) days (or such longer period as the Employer may specify) from the later of the Applicable Date or the date I receive this Release of Claims, provided that
this Release of Claims, signed and dated by me, is received not later than the fifty-third (53rd) day following the Applicable Date by the person designated under the Agreement to receive notices on behalf of the Employer in order for me to
qualify for severance pay under the applicable provision of the Agreement. 
 I also acknowledge that I was advised by the
Employer and its affiliates to seek the advice of an attorney prior to signing this Release of Claims; that I have had sufficient time to consider this Release of Claims and to consult with an attorney, if I wished to do so, or to consult with any
other person of my choosing before signing; and that I am signing this Release of Claims voluntarily and with a full understanding of its terms. I understand that capitalized terms not defined in this Release of Claims have the meaning assigned to
them in the Agreement. 

  
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 I further acknowledge that, in signing this Release of Claims, I have not relied on any
promises or representations, express or implied, that are not set forth expressly in the Agreement. I understand that I may revoke this Release of Claims at any time within seven (7) days of the date of my signing by written notice to the
person designated under the Agreement to receive notices on behalf of the Employer and that this Release of Claims will take effect only upon the expiration of such seven-day revocation period and only if I have not timely revoked it. 

Notwithstanding anything in this Release of Claims to the contrary, this Release of Claims shall not release the Employer from any of the
following: (a) obligations to pay to the wages and make payments for accrued but unused paid time off earned up to the date of my termination of employment to the extent required by applicable law or the policies of the Employer; (b) the
payment of any of the vested benefits under the tax-qualified plans and nonqualified plans of the Employer; (c) the rights to any vested equity grants with Employer common stock pursuant to the terms of the award agreements and plan governing
such equity grants; (d) vested rights under any welfare or insurance plan of the Employer including, but not limited to, COBRA insurance continuation rights with respect to health insurance coverage; or (e) the continuing obligations of
the Employer under any indemnity provisions currently applicable to my service with the Employer in any capacity. 
 Intending
to be legally bound, I have signed this Release of Claims under seal as of the date written below. 
 Signature:
                                         
                        

Name (please print):
                                         
        
 Date:
                                         
                                

  
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