Company: PAYX
Filing Date: 2025-04-09
Form Type: 424B2
Source: 0001193125-25-076822
Chunk: 27

Company: PAYCHEX INC
Filing Date: 2025-04-09
Form: 424B2
Chunk 27
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Control Repurchase Event occurring on or prior to the payment date specified in the notice.

We will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable in connection with the

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repurchase of the notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the notes, we will comply with the applicable securities laws and regulations and will not be deemed to have breached our obligations under the Change of Control Repurchase Event provisions of the notes by virtue of such conflict. On the Change of Control Payment Date, we will be required, to the extent lawful, to:

| • |     | accept for payment all notes or portions of notes (in minimum denominations of $2,000 and integral multiples of 
 $1,000 above that amount) properly tendered pursuant to our offer;                                              |

| • |     | deposit with the paying agent, no later than 11:00 a.m., New York City time, an amount equal to the aggregate 
 purchase price in respect of all notes or portions of notes properly tendered; and                            |

| • |     | deliver or cause to be delivered to the trustee for cancellation the notes properly accepted, together with an 
 officer’s certificate stating the aggregate principal amount of notes being repurchased by us.                 |

The paying agent will promptly mail (or, in the case of notes held in book-entry form, transmit electronically) to each holder of notes properly tendered the repurchase price for such notes, and the trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each holder a new note equal in principal amount to any unrepurchased portion of any notes surrendered; provided, that each new note will be in minimum denominations of $2,000 and integral multiples of $1,000 above that amount. We will not be required to make an offer to repurchase the notes upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by us as set forth in the Indenture and the third party repurchases all notes properly tendered and not withdrawn under its offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by us as set forth in the