Company: ADP
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001308179-25-000607
Chunk: 88

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 88
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 rate. Amounts in the Death, Disability, and Involuntary Termination Without Cause columns represent the sum of (a) the full fiscal year 2024 PSU awards based on performance goals achieved at 111% target rate for fiscal year 2024, at 132% target rate for fiscal year 2025, and an assumed achievement at target rate for fiscal year 2026 plus (b) the full fiscal year 2025 PSU award based on performance goals achieved at 132% target rate for fiscal year 2025 and an assumed achievement at target rate for fiscal years 2026 and 2027. The amount actually payable upon an involuntary termination without cause would be determined based on actual achievement of the performance goals under the fiscal years 2024 and 2025 PSU awards. All amounts include accrued dividend equivalents through June 30, 2025. |

| Automatic Data Processing, Inc. – Proxy Statement | | | 86 |

| Potential Payments to Named Executive Officers Upon Termination or Change in Control |

POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL FOR DON MCGUIRE

|                     |     | Termination      
 Following Change 
 In Control       |             |    |     |       Death |     |  Disability |     | Involuntary   
 Termination   
 Without Cause |             |    |     |  Retirement |
| Termination Payment |     |                  |  $2,880,563 | -1 |     |          $0 |     |          $0 |     |               |  $1,065,300 | -2 |     |          $0 |
| Stock Options(3)    |     |                  |    $322,796 |    |     |    $322,796 |     |    $322,796 |     |               |    $322,796 |    |     |    $322,796 |
| RSUs(4)             |     |                  |  $2,889,709 |    |     |  $2,505,134 |     |  $2,505,134 |     |               |  $2,889,709 |    |     |  $2,889,709 |
| PSUs(5)             |     |                  |  $8,531,516 |    |     |  $9,589,182 |     |  $9,589,182 |     |               |  $9,589,182 |    |     |