Company: PAYX
Filing Date: 2025-03-31
Form Type: S-3ASR
Source: 0001193125-25-067979
Chunk: 17

Company: PAYCHEX INC
Filing Date: 2025-03-31
Form: S-3ASR
Chunk 17
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 change or eliminate any of the provisions of the indenture as shall be necessary in accordance with any 
 amendments to the Trust Indenture Act;                                                                          |

| • |     | cure or correct any ambiguity, defect, omission or inconsistency in the indenture; provided that such                                                                                                             
 action does not adversely affect the interests of the holders of debt securities of any series in any material respect, as determined by us and evidenced by delivery of an officer’s certificate to the trustee; |

| • |     | establish the forms or terms of debt securities of any series; |

| • |     | evidence and provide for the acceptance of appointment by a successor trustee; and |

| • |     | add to, change or eliminate any other provision of the indenture; provided that such addition, change or                                                                                                              
 elimination does not adversely affect the interests of the holders of debt securities of any series in any material respect as determined by us and evidenced by delivery of an officer’s certificate to the trustee. |

13

The indenture also provides that we and the trustee may, with the consent of the holders of not less than a majority in aggregate principal amount of the outstanding debt securities of all series then outstanding and affected thereby (voting as one class), add any provisions to, or change in any manner, eliminate or modify in any way the provisions of, the indenture or modify in any manner the rights of the holders of the debt securities. We and the trustee may not, however, without the consent of the holder of each outstanding debt security affected thereby:

| • |     | extend the final maturity of any debt security; |

| • |     | reduce the principal amount of, or premium, if any, on any debt security; |

| • |     | reduce the rate or extend the time of payment of interest on any debt security; |

| • |     | reduce any amount payable on redemption or required repurchase of any debt security; |

| • |     | change the currency in which the principal (other than as may be provided otherwise with respect to a series), 
 premium, if any, or interest is payable on any debt security;                                                  |

| • |     | reduce the amount of the principal of any debt security issued with an original issue discount that is payable 
 upon acceleration or provable in bankruptcy;                                                                   |

| • |     | impair the right to institute suit for the enforcement of any payment on any debt security when due; or |

| • |     | reduce the percentage of holders of debt securities