THIRD SUPPLEMENTAL INDENTURE, dated as of September 9, 2024 between Automatic Data
Processing, Inc., a Delaware corporation (the Company), and U.S. Bank Trust Company, National Association, a national banking association organized and existing under the laws of the United States of America (as successor in
interest to U.S. Bank National Association), as trustee (the Trustee):
WHEREAS, the Company and the Trustee executed
and delivered an Indenture, dated as of August 13, 2020 (the Base Indenture and, as supplemented hereby, the Indenture), to provide for the issuance by the Company from time to time of senior debt
securities evidencing its unsecured indebtedness, to be issued in one or more series as provided in the Indenture;
WHEREAS, pursuant to a
Board Resolution, the Company has authorized the issuance of a series of securities evidencing its senior indebtedness, consisting initially of $1,000,000,000 aggregate principal amount of 4.450% Senior Notes due 2034 (the 2034 Original
Notes and, together with all the Additional 2034 Notes (as defined herein), if any, hereinafter referred to, the Notes);
WHEREAS, the entry into this Third Supplemental Indenture by the parties hereto is in all respects authorized by the provisions of the Base
Indenture;
WHEREAS, the Company desires to establish the respective terms of the Notes in accordance with Section 2.01 of the Base
Indenture and to establish the forms of the Notes in accordance with Section 2.02 of the Base Indenture; and
WHEREAS, all acts and
requirements necessary to make this Third Supplemental Indenture a valid and legally binding agreement of the Company, in accordance with its terms, have been done.
NOW, THEREFORE, in consideration of the premises and the purchase of the Notes by the holders thereof, it is mutually covenanted and agreed as
follows for the equal and ratable benefit of the Noteholders:
ARTICLE 1
Section 1.01. Terms of Notes. The following terms relating to the Notes are hereby established:
(a) The Notes shall constitute a series of securities having the title 4.450% Senior Notes due 2034.
(b) The aggregate principal amount of the 2034 Original Notes that may be authenticated and delivered under the Indenture (except for Notes authenticated and
delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.05, 2.06, 2.07 or 9.04 of the Base Indenture) shall be up to $1,000,000,000.