Company: PAYX
Filing Date: 2025-04-14
Form Type: S-8
Source: 0000950103-25-004792
Chunk: 4

Company: PAYCHEX INC
Filing Date: 2025-04-14
Form: S-8
Chunk 4
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 of any person whom it is required or permitted to indemnify.
The Registrant has entered into agreements with its directors and its executive officers that require the Registrant to indemnify such
persons to the fullest extent permitted under Delaware law against expenses, judgments, fines, settlements and other amounts actually
and reasonably incurred (including expenses of a derivative action) in connection with any proceeding, whether actual or threatened, to
which any such person may be made a party by reason of the fact that such person is or was a director or an executive officer of the Registrant
or any of its affiliated enterprises. The indemnification agreements also set forth certain procedures that will apply in the event of
a claim for indemnification thereunder. The Registrant intends to enter into indemnification agreements with any new directors and executive
officers in the future.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

| Exhibit Number 
 4.1            
 4.2            | Exhibit Description                                                                                                                                                                                 
 Restated Certificate of Incorporation (incorporated by reference to Exhibit 3(a) of the Registrant’s Annual Report on Form 10-K, filed with the Commission on July 20, 2004)                        
 Amended and Restated By-Laws of Paychex, Inc. as of May 1, 2020 (incorporated by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K, filed with the Commission on May 5, 2020) |
|:---------------|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.1*           | Opinion of Davis Polk & Wardwell LLP                                                                                                                                                                |
| 23.1*          | Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm                                                                                                                |
| 23.2*          | Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1)                                                                                                                                      |
| 24.1*          | Powers of Attorney (included in the signature pages hereto)                                                                                                                                         |
| 99.1           | Paychex, Inc. 2002 Stock                                                                                                                                                                            
 Incentive Plan, as amended and restated as of October 14, 2015 (incorporated by reference to Exhibit 4.3 of the Registrant’s Registration                                                           
 Statement on Form S-8, filed with the Commission on October 23, 2015)                                                                                                                               |
| 107.1