April 4, 2022 Joseph E. Dell, Jr. State College, PA 16803 Dear Joe: The purpose of this letter (this “Letter”) is to memorialize our understanding regarding certain terms of your continued employment with CNB Bank (“CNB”). Reference is made in this...CNB Financial Corp/Pa • April 4th, 2022 • State commercial banks
You acknowledge and agree that effective as of December 31, 2021, the Prior Agreement terminated in all respects and was of no further force or effect as of such date; provided, however, that Section 6 (Covenant Not to Compete) of the Prior Agreement did not terminate as of December 31, 2021, and it remains in full force and effect. For the avoidance of doubt, you acknowledge and agree that you remain subject to the covenants and obligations set forth in Section 6 of the Prior Agreement. Retroactive to January 1, 2022, your position with CNB is Senior Vice President, Corporate Commercial Development, reporting to the Chief Executive Officer of CNB Bank. You have and will continue to have all duties, responsibilities, and authority consistent with this position. Without limiting the generality of the foregoing, you will have the duties set forth on Exhibit A attached hereto.
