Company: ADP
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001308179-25-000607
Chunk: 84

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 84
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. McGuire, $262,607; Mr. Bonarti, $180,261; Mr. DeSilva, $150,662; and Mr. Ayala, $582,888; for the Deferred Compensation Plan: Mr. DeSilva, $45,000; and for the Canada Co. Supplementary Excess Retirement Plan: Mr. McGuire, $163,963.           |
| (4) | Mr. McGuire no longer participates in the ADP Canada Co. Supplementary Excess Retirement Plan as a U.S. based Officer, however his account balance remains active. Values have been converted to USD based on the average daily exchange rate for fiscal year 2025 of 0.7167 (CAD to USD).                                                                                                                                                                                                                                                                                                                                                              |

| Automatic Data Processing, Inc. – Proxy Statement   | | 82 |

Potential Payments to Named Executive Upon Termination or Change in Control Change in Control Severance Plan for Corporate Officers

We maintain the Automatic Data Processing, Inc. Change in Control Severance Plan for Corporate Officers, which provides for the payment of specified benefits to officers selected by the board of directors if their employment terminates under certain circumstances after a change in control of the company. All NEOs participate in the change in control plan. As of June 30, 2025, there were 29 eligible participants in the change in control plan. The change in control plan provides that a participant who is involuntarily terminated by the company without cause or who leaves for good reason during the two-year period following the occurrence of a change in control will receive:

| ● | A lump sum payment equal to 150% (or in the case of our chief executive officer, 200%) of such participant’s current total annual compensation;                                                           |
| ● | Full vesting of his or her stock options;                                                                                                                                                                 |
| ● | Full vesting of any restricted shares or units; and                                                                                                                                                       |
| ● | The number of shares the participant would have been entitled to receive under the then-ongoing performance-based equity programs had all applicable performance goals been achieved at 100% target rate. |

A participant’s current total annual compensation equals his or her highest rate of annual salary during the calendar year in which his or her employment terminates or the year immediately prior to the year of such termination, plus his or her average annual cash bonus compensation earned in respect of the two most recent calendar years immediately preceding the calendar year in which his or her employment terminates. Equity-based long-term incentives are excluded from the definition