Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 57

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 57
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 50% on the second anniversary of the grant date

| 58 |

Compensation Discussion and Analysis Retirement Benefits Highly compensated employees in the U.S. are not eligible to participate in the Company’s qualified 401(k) plan. In order to provide a competitive total compensation package, the Company has established the Management Retirement Plan (the “MRP”). The MRP is a U.S. nonqualified defined contribution/deferred compensation plan available to all highly compensated employees, including the named executive officers, as outlined by Section 414(q)(1)(B)(i) of the Code. Employees who are working in the U.S. while on an international assignment are not eligible to participate in the MRP. All participants in the MRP can elect to defer from 2% to 25% of their annual base earnings and 2% to 50% of their annual cash incentive earnings. Matching contributions by the Company equal 50% of the first 10% of base salary and annual cash incentives deferred by a participant. Other than the MRP, there are no other retirement income plans available to the Company’s highly compensated employees in the U.S. The MRP provides all participants, including the named executive officers, with a tax gross-upof Medicare taxes incurred on contributions to the plan. The Medicare tax gross-upprovides for parity with other employees who are eligible to participate in the Company’s tax-qualified401(k) plan and therefore do not pay Medicare tax on Company contributions. Perquisites A modest level of perquisites is available to named executive officers:

| Perquisite         |     | Benefit                                                                                                                                                                                                                                                                                                                                                                                                                              |     | Usage in 2024                                                                         |
| Executive Physical |     | To ensure senior officers monitor their health and general well-being, an annual physical examination is provided at the Company’s expense. Senior officers may also use their own physician to perform the required tests and evaluations, in lieu of using the selected facilities. For those senior officers, expenses were processed through their employee health care coverage and not through the executive physical program. |     | Four named executive officers utilized the formal executive physical program in 2024. |
| Vacation Facility  |     | Company-owned condominium is available on a limited basis to employees at the Vice President level and above.                                                                                                                                                                                                                                                                                                                        |     | One named executive officer used the vacation facility in 2024.                       |

The aggregate amount of perquisites provided in 2024 for Mr. Anderson and Mses. Williams and Soares, were less than $10,000 and