Company: PAYX
Filing Date: 2025-04-14
Form Type: S-8
Source: 0000950103-25-004792
Chunk: 3

Company: PAYCHEX INC
Filing Date: 2025-04-14
Form: S-8
Chunk 3
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 current report furnished
under current Items 2.02 or 7.01 of Form 8-K that is not deemed filed under such provisions.

Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent
that a statement contained herein or in any other subsequently field document which also is or is deemed to be incorporated by reference
herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.

Item 4. Description of Securities.

Not applicable.

Item 5. Interests of Named Experts and Counsel.

Not applicable.

Item 6. Indemnification of Directors and Officers.

Section 102(b) of the Delaware General Corporation
Law authorizes a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally
liable to a corporation or its stockholders for monetary damages for breach or alleged breach of the director’s “duty of care.”
While this statute does not change the directors’ duty of care, it enables corporations to limit available relief to equitable remedies
such as injunction or rescission. The statute has no effect on a director’s duty of loyalty or liability for acts or omissions not
in good faith or involving intentional misconduct or knowing violations of law, illegal payment of dividends or stock redemptions or repurchases,
or for any transaction from which the director derives an improper personal benefit. As permitted by the statute, the Registrant has adopted
provisions in its restated certificate of incorporation which eliminate to the fullest extent permissible under Delaware law the personal
liability of its directors to the Registrant and its stockholders for monetary damages for breach or alleged breach of their duty of care.

Section 145 of the General Corporation Law of
the State of Delaware allows for the indemnification of officers, directors, employees, and agents of a corporation. The bylaws of the
Registrant, as amended, provide for indemnification to the fullest extent authorized by Section 145 of the General Corporation Law of
Delaware for directors and officers of the Registrant and also to persons who are serving at the request of the Registrant as directors
or officers of other corporations (including subsidiaries). The Registrant’s bylaws also permit the Registrant to enter into indemnification
agreements with its directors and officers and to purchase insurance on behalf