Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 36

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 36
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 the Committee. For each performance period, the Committee must approve the participants eligible to receive annual incentive awards and select the performance metrics, goals and corresponding payout levels for each participant. Payouts under the Annual Incentive Plan are made based upon achievement of performance goals (consisting of individual performance goals, business unit performance goals and/or Company performance goals) relating to one or more “performance criteria,” such as revenues, adjusted EBITDA or annual revenue retention rate. 2024 Annual Incentive Targets For 2024, the Committee approved annual incentive target opportunities for each NEO as shown below. As Mr. Thomas’s and Ms. Faurot’s employment with the Company ended prior to the end of the fiscal year, they did not receive payouts under the 2024 Annual Incentive Plan.

| Name(1)          |     | Target Annual   
 Incentive (% of 
 Base Salary)    |     |     |   |     | Target Annual 
 Incentive ($) |     |         |
| Chad Richison    |     |                 |     | 100 | % |     |               |     | 800,000 |
| Craig E. Boelte  |     |                 |     | 100 | % |     |               |     | 524,097 |
| Bradley S. Smith |     |                 |     | 100 | % |     |               |     | 511,228 |
| Randy Peck       |     |                 |     | 100 | % |     |               |     | 511,228 |
| Jason D. Clark   |     |                 |     | 100 | % |     |               |     | 575,000 |

| (1) | Consistent with the terms of a bonus program established prior to her promotion, Ms. Walker’s 2024 target cash bonus was $600,000, payable in four quarterly installments. Ms. Walker will participate in the Annual Incentive Plan for the 2025 performance period. The target annual incentive opportunity for each of Mr. Thomas and Ms. Faurot was set at 100% of his or her base salary. |

2024 Performance Criteria As in prior years, the Committee determined that customizing a mix of performance metrics for each of the participating NEOs based on his or her responsibilities and areas of direct impact was the most effective way to incentivize outperformance. The metrics, performance targets, and achievement levels for each participating NEO are described below. Revenue Participants