Company: PAYX
Filing Date: 2025-04-09
Form Type: 424B2
Source: 0001193125-25-076822
Chunk: 78

Company: PAYCHEX INC
Filing Date: 2025-04-09
Form: 424B2
Chunk 78
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 in the conduct of their own affairs in the exercise of the trustee’s power. Subject to these provisions, the trustee will be under no obligation to exercise any of its rights or powers under the indenture at the request of any of the holders of the debt securities, unless they shall have offered to the trustee security and/or indemnity satisfactory to the trustee. 14

No Individual Liability of Incorporators, Stockholders, Officers or Directors

The indenture provides that no incorporator and no past, present or future stockholder, officer or director of us or any successor corporation
in their capacity as such shall have any individual liability for any of our obligations, covenants or agreements under the debt securities or the indenture.

Governing Law

The indenture and the debt
securities will be governed by, and construed in accordance with, the laws of the State of New York.

15

PLAN OF DISTRIBUTION We may sell the securities in one or more of the following ways (or in any combination) from time to time:

| • |     | to or through underwriters, brokers or dealers; |

| • |     | directly to a limited number of purchasers or to a single purchaser; |

| • |     | through agents; |

| • |     | through a combination of any such methods; or |

| • |     | through any other methods described in a prospectus supplement. |

The applicable prospectus supplement will state the terms of the offering of the securities, including:

| • |     | the name or names of any underwriters or agents; |

| • |     | the purchase price of such securities and the proceeds to be received by us, if any; |

| • |     | any delayed delivery arrangements; |

| • |     | any underwriting discounts and commissions or agency fees and other items constituting underwriters’ or 
 agents’ compensation;                                                                                   |

| • |     | any discounts or concessions allowed or reallowed or paid to dealers; and |

| • |     | any securities exchanges on which the securities may be listed. |

Any initial public offering price and any discounts or concessions allowed or reallowed or paid to dealers may be changed from time to time. If we use underwriters in the sale, the securities will be acquired by the underwriters for their own account and may be resold from time to time in one or more transactions, including:

| • |     | negotiated transactions; |

| • |     | at a fixed public offering price or prices,