Company: ADP
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001308179-25-000607
Chunk: 32

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 32
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 committee. No committee member has ever been an officer of the company. During fiscal year 2025 and as of the date of this proxy statement, no committee member has been an employee of the company or eligible to participate in our employee compensation programs or plans, other than the company’s 2008 and 2018 amended and restated Omnibus Award Plans under which non-employee directors previously received or continue to receive deferred stock units. None of our executive officers have served on the compensation and management development committee or on the board of directors of any entity that employed any of the compensation and management development committee members or directors of the company.

| 31 | |  Automatic Data Processing, Inc. – Proxy Statement |

Compensation of Non-Employee Directors Our nominating/corporate governance committee reviews and evaluates non-employee director compensation on an annual basis to ensure that (i) our directors are compensated appropriately for their substantial time commitment and responsibilities, (ii) the structure and design of the compensation program enables us to attract and retain highly qualified directors who can bring the depth of knowledge, skills and experience required to govern a company of our scale and complexity, and (iii) it is transparent and fosters commonality of interests between board members and our stockholders. The nominating/corporate governance committee makes recommendations to the board of directors, as appropriate, based on its review, benchmark information from peer companies (which is the same comparator group used for executive compensation benchmarking purposes), input from its external advisor FW Cook, and other relevant considerations. The elements of our non-employee director compensation program are as follows:

| Compensation Element                               | Fiscal Year 2025 Compensation                     |
| Director Annual Retainer                           | ●$230,000 Deferred Stock Units (“DSUs”)           
 ●$130,000 Cash or DSUs                            |
| Additional Non-Executive Chair Retainer            | ●$100,000 DSUs                                    
 ●$100,000 Cash or DSUs                            |
| Committee Chair Retainers (Cash, Deferred or DSUs) | ●Audit: $25,000                                   
 ●Compensation and Management Development: $20,000 
 ●Nominating/Corporate Governance: $15,000         
 ●Corporate Development and Technology: $15,000    |

Annual Retainers The annual retainer for non-employee directors is $360,000, $230,000 of which is paid in the form of DSUs and $130,000 of which may, at the election of each director, be paid in cash or in