Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 86

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 86
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 are settled in shares and/or cash. Further, the Board, in its discretion, may determine that each non-employeedirector who is elected at the Company’s annual meeting of shareholders, whose term continues thereafter, or who is elected between annual meetings of shareholders may receive all or any percentage (as determined by the Board in its sole discretion) of his or her annual retainer for services as a Director in the form of fully vested shares. Each other share-based award will be evidenced by an award agreement that specifies the terms of the award and such additional limitations, terms and conditions as the Compensation and Talent Management Committee may determine, consistent with the provisions of the 2025 Plan. Dividend Equivalents As determined by the Compensation and Talent Management Committee in its discretion, restricted share unit awards and other share-based awards may provide the participant with a right to receive dividend equivalents, either in cash or in additional shares, and either on a current basis or on a deferred and contingent basis, as set forth in the applicable award agreement. However, any such dividend equivalents provided with respect to restricted share unit awards or other share-based awards that are subject to the achievement of performance objectives will be accumulated or deemed reinvested on a contingent basis, subject to forfeiture until such time as the underlying award becomes vested (including vesting based on the achievement of performance objectives). No dividend equivalents may be granted with respect to shares underlying any stock option or SAR. Performance Objectives The Compensation and Talent Management Committee may establish performance objectives in connection with any award granted under the 2025 Plan. Any such performance objectives may relate to the performance of the Company or one or more of our subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of an individual participant, and performance objectives may be made relative to the performance of a group or companies or a special index of companies. Any such performance objectives will be based on the achievement of one or more criteria selected by the Compensation and Talent Management Committee, 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 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