Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 27

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 27
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 among the independent accountants, financial and senior management, internal audit department, and the Board; and |

| • |     | Review significant risk exposures and processes to monitor, control, and report such exposures, periodically reporting on such information to the Board. |

Compensation & Leadership Committee Primary Risk Oversight Areas

| • |     | Risks arising from the Company’s compensation policies and practices for all employees and non-employee directors. |

Primary Responsibilities

| • |     | Design and administer the Company’s executive and director compensation programs to ensure furtherance of the Company’s overall compensation objectives; |

| • |     | Evaluate and determine compensation for the CEO and senior executive officers and recommend director compensation to the Board; |

| • |     | Assist the Board in an annual review on succession planning and evaluating potential successors for executive management positions; and |

| • |     | Evaluate compensation policies to determine if they incentivize risks that are reasonably likely to have a material adverse effect on the Company. |

Paychex, Inc. 2025 Proxy Statement •23

| Corporate Governance |

Corporate Development Advisory Committee Primary Risk Oversight Areas

| • |     | Risk related to the Company’s acquisition and divesture opportunities. |

Primary Responsibilities

| • |     | Review and provide guidance to management and the Board with respect to the Company’s acquisition or divestiture opportunities, as appropriate, and review related strategy; and |

| • |     | Authority to approve acquisitions or divestitures in accordance with the parameters set by the Board, to the extent permitted by law and the Company’s By-Laws. |

Executive Committee Primary Responsibilities

| • |     | Exercise all the powers and authority of the Board, except as limited by law, between Board meetings and when the Board is not in session. |

Investment Committee Primary Risk Oversight Areas

| • |     | Risk related to investing activities. |

Primary Responsibilities

| • |     | Review the Company’s investment policies and strategies, and the performance of the Company’s investment portfolios; and |

| • |     | Determine that the investment portfolios are managed in compliance with the Company’s established investment policy. |

Nominating and Governance Committee Primary Risk Oversight Areas

| • |     | Risks related to governance, climate, and corporate responsibility matters. |

Primary Responsibilities

| • |     | Identify, evaluate, and recommend candidates to be nominated for election to the Board; |

| • |     | Provide oversight of the governance of the Board to ensure that it meets its fiduciary