Company: DLX
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000027996-25-000107
Chunk: 55

Company: DELUXE CORP
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 55
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 amounts paid upon settlement of such awards (including dividend equivalents) and gains upon exercise of options, in each case, within the preceding 12 months, are subject to repayment. A NEO is released from the foregoing restrictions pertaining to competitive activity and employee solicitation upon a termination without Cause.

The foregoing summary is qualified in its entirety by reference to the complete text of Mr. McCarthy's employment agreement, the severance plan, and the forms of stock option, RSU, and PSU award agreements, all of which are filed as exhibits to our Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

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### PAYMENTS MADE UPON TERMINATION
The following table illustrates the aggregate payments that would be received by the NEOs, assuming a hypothetical qualifying termination event occurring on December 31, 2024. To the extent an amount due includes the value of any equity acceleration, such value is based upon the number of equity awards that would have vested if termination occurred on the last business day of fiscal 2024 and the closing price of our common stock as of that date, $22.59 per share.

| Name                             |     | Change in Control1 
 ($)                |            |     | Without Cause2 
 ($)            |           |     | Death or Disability3 
 ($)                  |           |     | Approved Retirement3 
 ($)                  |           |
| Barry C. McCarthy                |     |                    |            |     |                |           |     |                      |           |     |                      |           |
| Cash Severance                   |     |                    |  4,180,000 |     |                | 1,900,000 |     |                      |         — |     |                      |         — |
| Benefit Continuation             |     |                    |     40,778 |     |                |    40,778 |     |                      |         — |     |                      |         — |
| Other Cash                       |     |                    |          — |     |                |    25,000 |     |                      |         — |     |                      |         — |
| Acceleration of RSUs             |     |                    |  6,152,838 |     |                | 1,377,334 |     |                      | 6,152,838 |     |                      |         — |
| Acceleration of PSUs4            |     |                    |  6,291,518 |     |