Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 87

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 87
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; (vi) customer or employee retention; (vii) customer satisfaction; (viii) expenses or expense levels; (ix) one or more operating ratios; (x) stock price; (xi) market share; (xii) capital expenditures; (xiii) net borrowing, debt leverage levels, credit quality or debt ratings; (xiv) the accomplishment of mergers, acquisitions, dispositions, public offerings or similar extraordinary business transactions; (xv) the Company’s Quality Management System; (xvi) shareholder return; (xvii) organizational health/productivity; (xviii) sales volume; and/or (xix) brand or product recognition/acceptance. Minimum Vesting Period for Awards Granted to Employees and Consultants The 2025 Plan generally provides that awards granted to employees or consultants must have a minimum vesting period of at least one year. However, up to 5% of the total number of shares authorized for issuance under the 2025 Plan may be issued pursuant to awards granted to employees and consultants that do not meet this minimum vesting requirement. Further, the Compensation and Talent Management Committee may provide for accelerated vesting of awards at any time. Awards granted to non-employeedirectors are not subject to minimum vesting requirements. Change in Control The 2025 Plan provides that, except as otherwise may be provided in an award agreement or in another written agreement with the participant, awards granted under the 2025 Plan will be subject to “double-trigger” vesting in the event of a change in control. That is, awards that are assumed or substituted by the acquiring or surviving company in connection with a change in control will continue to be subject to the original service-based vesting schedule, except that vesting will accelerate (at the “target” level, in the case of awards subject to performance objectives) in the event of a qualifying termination of

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Proposal 3: Vote to Approve the Kelly Services, Inc. 2025 Equity Incentive Plan employment within two years after the change in control (by the Company without “cause” or, if the employee is a party to a written severance plan or agreement with the Company that defines “good reason”, by the employee for good reason). On the other hand, awards that are not assumed or substituted by the acquiring or surviving company in connection with a change in control will become vested in full (at the “target” level, in the case of awards subject to performance objectives) upon the