Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 117

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 117
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 of the Code, the Company does not warrant that any Award under the Plan will qualify for favorable tax treatment under Section 409A of the Code, or any other provision of federal, state, local, or non-UnitedStates law. The Company shall not be liable to any Participant for any tax, interest, or penalties the Participant might owe as a result of the grant, holding, vesting, exercise, or payment of any Award under the Plan. 14. Performance Objectives. (a) In General. As provided in the Plan, the vesting, exercisability and/or payment of any Award may be conditioned upon the achievement of one or more Performance Objectives (any such Award, a “ Performance Award”). Any Performance Objectives shall be based on the achievement of one or more criteria selected by the Committee, in its discretion, which may include, but shall not be limited to, the following: (i) Earnings (which includes net profits, operating profits, operating earnings, and net income, and which may be calculated before or after taxes, interest, depreciation, amortization or taxes, as specified at the time of the any Performance Award is granted) or earnings per Share; (ii) Revenues; (iii) Gross Profits; (iv) Cash flow; (v) Return on revenues, gross profits, sales, assets or equity; (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. (b) Establishment of Performance Objectives. With respect to any Performance Award, the Committee shall establish in writing the Performance Objectives, the performance period, and any formula for computing the payout of the Performance Awards. Such terms and conditions shall be established in writing during the first ninety days of the applicable performance period (or by such other date as may be determined by the Committee, in its discretion). (c) Certification of Performance. Prior to payment,