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. |