Company: DLX
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000027996-25-000107
Chunk: 52

Company: DELUXE CORP
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 52
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 Vanguard Growth Index Admiral                 |     | Large Growth                 |     | VIGAX  |     |                    | 32.66 |
| Vanguard Small Cap Index Admiral              |     | Small Blend                  |     | VSMAX  |     |                    | 14.23 |
| Vanguard Developed Markets Index Admiral      |     | Foreign Large Blend          |     | VTMGX  |     |                    |  3.04 |
| Vanguard Emerging Markets Stock Index Admiral |     | Diversified Emerging Markets |     | VEMAX  |     |                    | 10.95 |

#### Severance and Change of Control Arrangements

#### Severance Arrangements
Our severance arrangements are intended to facilitate each NEO's attention to the affairs of our business and to recognize each executive's key role within our organization. The severance plan for our executive officers and the severance provisions in Mr. McCarthy's employment agreement are collectively referred to as severance arrangements. Receipt of the benefits described below is conditioned upon Mr. McCarthy or the NEO entering into a release of certain claims. The NEOs are also required by their severance arrangements to maintain the confidentiality of our confidential information after their termination and to comply with any applicable non-competition and non-solicitation obligations to which they have previously agreed.

Mr. McCarthy's employment agreement provides that if he is terminated by us without Cause or he resigns for Good Reason, as those terms are defined in his agreement, he will be entitled to receive 12 months of base salary, payable in accordance with our regular payroll cycle over 12 months, and up to 12 additional months of base salary, subject to offset for earned income from other full-time employment, which he must use reasonable efforts to pursue. He will also be entitled to up to 12 months of health coverage premium continuation if he elects coverage and to executive-level outplacement services.

The severance plan applicable to the other NEOs provides that if a NEO is terminated by us without Cause or the NEO terminates employment for Good Reason, as those terms are defined in the plan, the NEO will be entitled to receive 12 months of salary, which may be paid in a lump sum or over time with the company's regular payroll, reimbursement for executive-level outplacement services in an amount up to $25,000, and a lump sum payment of $20,000 to cover other expenses incurred in connection with employment transition.

#### Change in Control Arrangements
Mr. McCarthy's employment agreement provides that if he