Schedule A to Supplemental Executive Retirement Plan for Tito L. Lima
Contract Categories:
Human Resources
- Retirement Agreements
EX-10.8 6 d505314dex108.htm EX-10.8 EX-10.8
Exhibit 10.8
SCHEDULE A
CNB FINANCIAL CORPORATION
Supplemental Executive Retirement Plan
Benefit Schedule for Tito Lima
| Normal Retirement Benefit (payable annually) | $ | 83,425 | ||
| Term for Payment of Normal Retirement Benefit | 20 Years | |||
| Normal Retirement Age | 62 |
Calculation of Accrued Benefit1:
| Plan Year | December 31 Accrued Benefit | |||
| Plan Years Ending on December 31, 2023 | $ | 63,099.00 | ||
| January 1 – December 31, 2024 | $ | 598,423.00 | ||
| January 1 – December 31, 2025 | $ | 1,133,560.00 | ||
| January 1 – December 31, 2026 and all subsequent Plan years | $ | 1,668,502.00 | ||
| TITO LIMA | ||
| By: | /s/ Tito Lima | |
| Date: | October 1, 2023 | |
| CNB FINANCIAL CORPORATION | ||
| By: | /s/ Michael D. Peduzzi | |
| Name: | Michael D. Peduzzi | |
| Title: | President & CEO | |
| Date: | October 1, 2023 | |
| 1 | Accrued Benefit (calculated as set forth herein) to be divided by twenty (20) and paid over a term of twenty (20) years. |
