AUTOMATIC DATA PROCESSING INC(ADP)

Peter J. Hadley — Offer Letter | Annual base salary of $650,000.; Annual target bonus of 150% of base salary.; Participation in long-term incentive compensation program (PSUs and RSUs) with an expected annual target equity award value of $4,875,000 for fiscal year 2026.; In the event of involuntary termination without cause: 18 months of salary continuation, prorated bonus, and continued vesting in unvested equity awards for 18 months.; Change in Control Severance Plan: If employment terminated involuntarily without cause or for 'good reason' within two years after a change in control, entitled to 150% of total annual compensation and accelerated vesting of unvested equity awards.; Subject to stock ownership guidelines requiring ownership equal to three times base salary as CFO.; Subject to the Company's Clawback Policy.

John C. Ayala — Departure and New Role | John C. Ayala to step down as Chief Operating Officer, effective January 1, 2025.; John C. Ayala to continue as a corporate officer during a transition period through March 31, 2025.; Joseph DeSilva to become Executive Vice President, North America and Chief of Operations, effective January 1, 2025.; Joseph DeSilva's base salary will increase by 6.2%.; Joseph DeSilva's annual target bonus as a percentage of base salary will increase from 100% to 150%.

Joseph DeSilva — New Role and Compensation Adjustment | Joseph DeSilva to become Executive Vice President, North America and Chief of Operations.; Base salary increase of 6.2%.; Annual target bonus as a percentage of base salary increases from 100% to 150%.

John C. Ayala — Employment Arrangement | John C. Ayala will continue to serve as a corporate officer of the Company during a transition period through March 31, 2025.

Joseph DeSilva — Employment Arrangement | Joseph DeSilva promoted to Executive Vice President, North America and Chief of Operations.; Base salary increased by 6.2%.; Annual target bonus percentage of base salary increased from 100% to 150%.