Exhibit 10.J Compensation Arrangement with B. Thomas Golisano
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EX-10.J 2 l14112aexv10wj.txt EXHIBIT 10.J COMPENSATION ARRANGEMENT WITH B. THOMAS GOLISANO EXHIBIT 10(j) Paychex, Inc. CHAIRMAN OF THE BOARD COMPENSATION ARRANGEMENT ARRANGEMENT DESCRIPTION On October 5, 2004, the Compensation Committee recommended and the Board of Directors approved, effective October 1, 2004, a compensation arrangement for the Chairman of the Board that includes compensation of $140,000 per year, normal employee benefits and no stock options.
