Company: PAYX
Filing Date: 2025-04-08
Form Type: 424B2
Source: 0001193125-25-075170
Chunk: 46

Company: PAYCHEX INC
Filing Date: 2025-04-08
Form: 424B2
Chunk 46
---
 the U.S. Holder fails to provide its correct taxpayer identification number to the applicable withholding agent and comply with certain certification procedures or otherwise establish an exemption from backup withholding. Backup withholding is not an additional tax. The amount of any backup withholding from a payment to a U.S. Holder will be allowed as a credit against the U.S. Holder’s U.S. federal income tax liability and may entitle the U.S. Holder to a refund, provided that the required information is timely furnished to the IRS. S-28

Tax Consequences to Non-U.S.Holders As used herein, the term “Non-U.S.Holder” means a beneficial owner of a note that is, for U.S. federal income tax purposes:

| • |     | a nonresident alien individual; |

| • |     | a foreign corporation; or |

| • |     | a foreign estate or trust. |

The term “Non-U.S.Holder” does not include a beneficial owner who is an individual present in the United States for 183 days or more in the taxable year of disposition or who is (or may become while holding notes) a former citizen or resident of the United States. Such a beneficial owner is urged to consult his or her own tax advisor regarding the U.S. federal income tax consequences of the sale, exchange or other disposition of a note. Payments on the Notes Subject to the discussions below concerning backup withholding and FATCA (as defined below), payments of principal, interest and premium on the notes to a Non-U.S.Holder generally will not be subject to U.S. federal income tax or withholding, provided that, in the case of interest:

| • |     | the Non-U.S. Holder does not own, actually or constructively, 10% or more                                                                                                                       
 of the total combined voting power of all classes of our stock entitled to vote and is not a controlled foreign corporation related, directly or indirectly, to us through stock ownership; and |

| • |     | the Non-U.S. Holder certifies on a properly executed IRS Form W-8 appropriate to the Non-U.S. Holder’s circumstances, under penalties of perjury, that it is not a United States person. Special certification rules apply to notes that 
 are held through non-U.S. intermediaries.                                                                                                                                                                                                |

Subject to the discussion below concerning income of a Non-U.S.Holder that is effectively connected with the conduct of a trade or business in the United States, if a Non-U.S.Holder cannot satisfy the requirements described above,