Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 89

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 89
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 Committee otherwise determines, awards granted under the 2025 Plan will not be transferable by a participant other than by will or the laws of descent and distribution. Except as otherwise determined by the Compensation and Talent Management Committee, stock options and SARs will be exercisable during a participant’s lifetime only by him or her or, in the event of the participant’s incapacity, by his or her guardian or legal representative. Any award made under the 2025 Plan may provide that any shares issued as a result of the award will be subject to further restrictions on transfer. No Repricing of Stock Options or Stock Appreciation Rights Without Shareholder Approval Except in connection with an adjustment or change in control (both discussed above), the Compensation and Talent Management Committee may not authorize the amendment of any outstanding stock option or stock appreciation right to reduce its exercise price, and no outstanding stock option or stock appreciation right may be cancelled in exchange for cash or other awards, or cancelled in exchange for stock options or stock appreciation rights having a lower exercise price, or cancelled in exchange for cash, without the approval of our shareholders. Compensation Recovery Policy Awards granted under the 2025 Plan shall be subject to forfeiture or recoupment pursuant to the Company’s Incentive Compensation Recovery (“Clawback”) Policy as in effect from time to time, or any successor or supplemental compensation recovery policy. Stock Ownership Guidelines Awards granted under the 2025 Plan to directors and covered executives will be subject to any applicable stock ownership guidelines as in effect from time to time, including any stock retention requirements that may apply under those guidelines.

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Proposal 3: Vote to Approve the Kelly Services, Inc. 2025 Equity Incentive Plan Term of the 2025 Plan; Amendment and Termination The 2025 Plan was adopted by the Board effective as of the date of the Annual Meeting, subject to approval of the 2025 Plan by the Company’s shareholders at the Annual Meeting. The 2025 Plan will expire on the day before the tenth anniversary of the date of shareholder approval, or such earlier date as the Board may decide to terminate the 2025 Plan. The Board may, without shareholder approval, amend or terminate the 2025 Plan, except in any respect as to which shareholder approval is required by the Plan, by law, regulation or the rules of an applicable stock exchange. Federal Income Tax Consequences The following is a summary of certain U.S. federal income tax consequences of awards made under the 2025 Plan, based upon the laws