Company: PAYX
Filing Date: 2025-04-08
Form Type: 424B2
Source: 0001193125-25-075170
Chunk: 75

Company: PAYCHEX INC
Filing Date: 2025-04-08
Form: 424B2
Chunk 75
---
 security; |

| • |     | reduce the rate or extend the time of payment of interest on any debt security; |

| • |     | reduce any amount payable on redemption or required repurchase of any debt security; |

| • |     | change the currency in which the principal (other than as may be provided otherwise with respect to a series), 
 premium, if any, or interest is payable on any debt security;                                                  |

| • |     | reduce the amount of the principal of any debt security issued with an original issue discount that is payable 
 upon acceleration or provable in bankruptcy;                                                                   |

| • |     | impair the right to institute suit for the enforcement of any payment on any debt security when due; or |

| • |     | reduce the percentage of holders of debt securities of any series whose consent is required for any modification 
 of the indenture.                                                                                                |

Concerning the Trustee The indenture provides that there may be more than one trustee under the indenture, each with respect to one or more series of debt securities. If there are different trustees for different series of debt securities, each trustee will be a trustee of a trust under the indenture separate and apart from the trust administered by any other trustee under the indenture. Except as otherwise indicated in this prospectus or any accompanying prospectus supplement, any action permitted to be taken by a trustee may be taken by such trustee only with respect to the one or more series of debt securities for which it is the trustee under the indenture. Any trustee under the indenture may resign or be removed with respect to one or more series of debt securities. All payments of principal of, and premium, if any, and interest on, and all registration, transfer, exchange, authentication and delivery (including authentication and delivery on original issuance of the debt securities) of, the debt securities of a series will be effected by the trustee with respect to such series at an office designated by the trustee. The indenture contains limitations on the right of the trustee, should it become a creditor of us, to obtain payment of claims in some cases or to realize on certain property received in respect of any such claim as security or otherwise. The trustee may engage in other transactions. If it acquires any conflicting interest relating to any duties with respect to the debt securities, however, it must eliminate the conflict or resign as trustee. The holders of a majority in aggregate principal amount of all series of debt securities then outstanding, voting together as a single class, or, in the case