Schedule A to Supplemental Executive Retirement Plan for Leanne Kassab

Contract Categories: Human Resources - Retirement Agreements
EX-10.9 7 d505314dex109.htm EX-10.9 EX-10.9

Exhibit 10.9

SCHEDULE A

CNB FINANCIAL CORPORATION

Supplemental Executive Retirement Plan

Benefit Schedule for Leanne Kassab

 

Normal Retirement Benefit (payable annually)

   $ 80,314  

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

   $ 7,786.00  

January 1 – December 31, 2024

   $ 540,897.00  

January 1 – December 31, 2025

   $ 1,073,733.00  

January 1 – December 31, 2026

and all subsequent Plan years

   $ 1,606,282.00  

 

LEANNE KASSAB
By:   /s/ Leanne Kassab
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.