Company: ADP
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001308179-25-000607
Chunk: 56

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 56
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 NEOs was satisfied. The percentage of target bonus paid to each NEO is calculated as a weighted average of the percentages achieved for each individual objective. The bonus objectives were designed to reward outcomes that are aligned with the key components of our financial and strategic success, the degree to which the NEOs have responsibility for overall company performance or individual business unit results, and to provide a set of common objectives that facilitate collaborative engagement throughout the company.

| Automatic Data Processing, Inc. – Proxy Statement | | | 54 |

| Compensation Discussion and Analysis |

The committee established the following objectives for our NEOs in 2024, and the formulaic achievement levels for fiscal year 2025 are as follows:

| Annual                                                                            
 Bonus Plan Performance Measures                                                   |     | Weight |     |     | Threshold |                                    |     | Target |       |     | Stretch |       |     | Actual |       |     | Achievement |        |
| Revenue Growth                                                                    |     |        | 20% |     |           | 2.7%                               |     |        | 5.7%  |     |         | 8.7%  |     |        | 7.1%  |     |             | 147.8% |
| New Business Bookings Growth                                                      |     |        | 20% |     |           | 2.8%                               |     |        | 7.8%  |     |         | 12.8% |     |        | 3.5%  |     |             | 56.9%  |
| Adjusted EBIT Growth(1)                                                           |     |        | 20% |     |           | 3.8%                               |     |        | 8.8%  |     |         | 13.8% |     |        | 9.7%  |     |             | 117.7% |
| Client Satisfaction                                                               |     |        |     |     |           |                                    |     |        |       |     |         |       |     |        |       |     |             |        |
| ●                                                                                 
 Achieve client retention goal                                                     |     |        | 5%  |     |           | 91.6%                              |     |        | 92.0% |     |         | 92.4% |     |        | 92.1% |     |             | 125.8% |
| ●                                                                                 
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