PAYCHEX INC (PAYX)

Michael E. Gioja — Employment Agreement | Retirement from current role as Senior Vice President effective July 8, 2025, transitioning to Senior Advisor role.; Employment term as Senior Advisor continues through December 31, 2025.; Full-time base salary at the current rate in effect as of July 8, 2025, through August 31, 2025.; Reduced annual base salary of $120,000 for the part-time advisory period commencing September 1, 2025, through December 31, 2025.; Ineligible for any variable compensation (bonus) for Fiscal Year 2026.; Outstanding equity awards as of July 8, 2025, remain outstanding and continue to be governed by their existing terms.; Remains eligible for Company benefits during the aggregate employment period ending December 31, 2025.

Mark A. Bottini — Retention Agreement | Retirement from current role as Senior Vice President, Sales, effective immediately on July 8, 2025.; Agreement to serve as a special advisor to the Company through August 31, 2025, to facilitate a smooth transition of duties.; Compensation for advisory services maintained at his current base salary rate through the transition period ending August 31, 2025.

John B. Gibson stock (Grant FV $1,050,032)

John B. Gibson Equity award (Grant FV $4,133,361)

John B. Gibson option (Grant FV $1,749,999, Exercise $121.63)

Robert L. Schrader stock (Grant FV $299,940)

Robert L. Schrader Equity award (Grant FV $1,180,960)

Robert L. Schrader option (Grant FV $500,007, Exercise $121.63)