Company: NSP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001000753-25-000013
Chunk: 82

Company: INSPERITY, INC.
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 82
---
 from the grant date, with limited exceptions to allow for earlier vesting (i) upon a resignation or removal due to death, disability, retirement or a change in control, and (ii) for awards granted in connection with the annual meeting of Company’s stockholders vesting at the next annual meeting of the Company’s stockholders, provided such annual meeting is at least fifty weeks after the immediately preceding annual meeting. For employee and non-employee awards, other than cash awards, the Committee may grant a maximum of five percent (5%) of authorized shares under the Plan that are not subject to the one-year minimum vesting requirement.

Awards under the Plan generally will not be transferable other than by will or the laws of descent and distribution or pursuant to a qualified domestic relations order; provided, however, the Committee may, in its discretion, permit a participant to transfer all or a portion of any Award that is not an ISO to the participant’s “immediate family members” (as defined in the Plan), or a trust for the exclusive benefit of immediate family members or a partnership in which immediate family members and the participant are the only partners.

#### Deferral
The Committee, in its discretion, may permit participants to elect to defer payment of some or all types of awards or provide for the deferral of an Award. Deferrals will only be permitted in compliance with Section 409A of the Internal Revenue Code.

#### Insperity592025 Proxy Statement

#### Dividends and Interest
An Award, excluding options and SARs, denominated in common stock or units of common stock may include dividends or dividend equivalent rights. The Committee may also establish rules for the crediting of interest on deferred cash payments and dividend equivalents for deferred payments denominated in common stock or units of common stock. Any dividend or dividend equivalent rights will be subject to the same time and performance vesting conditions as the underlying Award and will be paid only if the underlying Award vests.

#### No Reload Grants
Options will not be granted under the Plan in consideration for and will not be conditioned upon the delivery of shares to the Company in payment of the exercise price and/or tax withholding obligation under any other option held by a participant.

#### Adjustments to Awards Following Grant
The Committee may provide for adjustment of awards following grant under the Plan in limited circumstances. In the event of any common stock distribution or split, recapitalization, extraordinary distribution, merger, consolidation, combination or exchange of shares of or similar change or upon the occurrence of any other event that the Committee,