Paylocity Holding Corp Sample Contracts

250,000,000 REVOLVING CREDIT FACILITY CREDIT AGREEMENT by and among PAYLOCITY HOLDING CORPORATION and THE GUARANTORS PARTY HERETO and THE LENDERS PARTY HERETO and PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent and PNC CAPITAL MARKETS, LLC, as...
Credit Agreement • July 17th, 2019 • Paylocity Holding Corp • Services-prepackaged software

THIS CREDIT AGREEMENT (as hereafter amended, the “Agreement”) is dated as of July 17, 2019 and is made by and among PAYLOCITY HOLDING CORPORATION, a Delaware corporation (the “Borrower”), each of the GUARANTORS (as hereinafter defined), the LENDERS (as hereinafter defined), and PNC BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Lenders under this Agreement (hereinafter referred to in such capacity as the “Administrative Agent”).

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software • Delaware

This Indemnification Agreement, dated , 2013, is made between Paylocity Holding Corporation, a Delaware corporation (the “Company”), and (the “Indemnitee”).

Shares Paylocity Holding Corporation Common Stock ($0.001 Par Value) EQUITY UNDERWRITING AGREEMENT
Equity Underwriting Agreement • March 7th, 2014 • Paylocity Holding Corp • Services-prepackaged software • New York

Paylocity Holding Corporation, a Delaware corporation (the “Company”), and certain shareholders of the Company (the “Selling Shareholders”) propose to sell to the several underwriters (the “Underwriters”) named on Schedule I hereto for whom you are acting as representatives (the “Representatives”) an aggregate of shares (the “Firm Shares”) of the Company’s common stock, $0.001 par value (the “Common Stock”), of which shares will be sold by the Company and shares will be sold by the Selling Shareholders. The respective amounts of the Firm Shares to be so purchased by the several Underwriters are set forth opposite their names on Schedule I hereto, and the respective amounts to be sold by the Selling Shareholders are set forth opposite their names on Schedule II hereto. The Company and the Selling Shareholders are sometimes referred to herein collectively as the “Sellers”. The Company and the Selling Shareholders also propose to sell at the Underwriters’ option an aggregate of up to addi

3,740,000 Firm Shares Paylocity Holding Corporation Common Stock ($0.001 Par Value) EQUITY UNDERWRITING AGREEMENT
Equity Underwriting Agreement • September 23rd, 2015 • Paylocity Holding Corp • Services-prepackaged software • New York

Certain shareholders (the “Selling Shareholders”) of Paylocity Holding Corporation, a Delaware corporation (the “Company”), propose to sell to the several underwriters (the “Underwriters”) named on Schedule I hereto for whom you are acting as representatives (the “Representatives”) an aggregate of 3,740,000 shares (the “Firm Shares”) of the Company’s common stock, $0.001 par value (the “Common Stock”). The respective amounts of the Firm Shares to be so purchased by the several Underwriters are set forth opposite their names on Schedule I hereto, and the respective amounts to be sold by the Selling Shareholders are set forth opposite their names on Schedule II hereto. The Selling Shareholders are sometimes referred to herein collectively as the “Sellers.” The Selling Shareholders also propose to sell at the Underwriters’ option an aggregate of up to 561,000 additional shares of the Company’s Common Stock (the “Option Shares”) as set forth below.

EMPLOYMENT AGREEMENT
Employment Agreement • August 4th, 2023 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This Employment Agreement (this “Agreement”) is made and entered into by Paylocity Corporation, an Illinois corporation (“Company”), and Joshua Scutt (“Employee”) effective as of August 16, 2021 (the “Effective Date”).

FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software

THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (the “First Amendment”) dated as of March 9, 2011 is by and between PAYLOCITY CORPORATION, an Illinois corporation with its principal place of business at 3850 North Wilke Road, Arlington Heights, Illinois 60004 (the “Borrower”) and COMMERCE BANK & TRUST COMPANY, a Massachusetts banking corporation with its office at 386 Main Street, Worcester, Massachusetts 01608 (the “Lender”).

AMENDMENT TO LEASE
Lease • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software

This Amendment to Lease made the 6 day of May 2013 between 3800 WILKE L.L.C., an Illinois limited liability company (“Landlord”) and PAYLOCITY CORPORATION, an Illinois corporation (“Tenant”).

AMENDMENT TO LEASE
To Lease • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software

This Amendment to Lease made the 5th day of January, 2011 between 3850 WILKE L.L.C., an Illinois limited liability company (“Landlord”), and PAYLOCITY CORPORATION, an Illinois corporation (“Tenant”).

SHARE EXCHANGE AGREEMENT
Share Exchange Agreement • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software • Delaware

This Share Exchange Agreement (this “Agreement”) is made and entered into as of November 7, 2013 by and among Paylocity Holding Corporation, a Delaware corporation (the “Company”), Paylocity Corporation, an Illinois corporation (“PC”), each holder of issued and outstanding shares of PC as listed on Exhibit A hereto (each, a “Shareholder” and, collectively, the “Shareholders”), and each Key Executive listed on Exhibit B attached hereto.

LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software • Massachusetts

This Loan and Security Agreement (“the Agreement”) made as of the 5th day of May, 2009 is by and between PAYLOCITY CORPORATION, an Illinois corporation with its principal place of business at 3850 North Wilke Road, Arlington Heights, Illinois 60004 (the “Borrower”) and COMMERCE BANK & TRUST COMPANY, a Massachusetts banking corporation with its office at 386 Main Street, Worcester, Massachusetts 01608 (the “Lender”). The Lender and the Borrower agree as follows:

EMPLOYMENT AGREEMENT
Employment Agreement • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This Employment Agreement (“Agreement”) is entered into by and between Paylocity, Inc. (“Company”) and Steve Sarowitz (“Employee”), and is made effective July 1, 2013 (the “Effective Date”).

SECOND AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • February 14th, 2014 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This Second Amended and Restated Executive Employment Agreement (“Restated Agreement”), which shall amend and restate in its entirety the Employment Agreement by and between Paylocity Corporation, an Illinois corporation (“Company”) and Michael Haske (“Executive”) dated as of October 4, 2007 (“Original Agreement”) as previously amended in an the Amended and Restated Employment Agreement dated May 14, 2008, as amended further by the First Amendment to Amended and Restated Employment Agreement dated December 4, 2013 (collectively, the “First Amended Agreement”), is made and entered into by the Company and Executive effective as of February 7, 2014 (the “Effective Date”).

PAYLOCITY CORPORATION AMENDED AND RESTATED VOTING AGREEMENT
Voting Agreement • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software • Illinois

THIS AMENDED AND RESTATED VOTING AGREEMENT (this “Agreement”) is made and entered into as of June 29, 2012, by and among Paylocity Corporation, an Illinois corporation (the “Company”), those certain holders of the Company’s common shares (the “Common Shares”) listed on EXHIBIT A attached hereto (the “Key Holders”), the holders of the Company’s Series A Preferred Stock (“Series A Preferred”) and the holders of the Company’s Series B Preferred Stock (“Series B Preferred” and together with the Series A Preferred, the “Preferred Shares”) listed on EXHIBIT B attached hereto (the “Investors,” and together with the Key Holders, the “Shareholders”).

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • August 12th, 2016 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This Executive Employment Agreement (this “Agreement”) is made and entered into by Paylocity Corporation, an Illinois corporation (“Company”), and Mark Kinsey (“Executive”) effective as of May 1, 2015 (the “Effective Date”).

ALLONGE TO REVOLVING LINE OF CREDIT NOTE
Paylocity Holding Corp • January 30th, 2014 • Services-prepackaged software

THIS ALLONGE TO REVOLVING LINE OF CREDIT NOTE (the “Allonge”) made and entered into as of the 27th day of November 2013, between Commerce Bank & Trust Company, a Massachusetts trust company with a principal place of business at 386 Main Street, Worcester, Massachusetts (hereinafter “Lender “) and Paylocity Corporation, 3850 North Wilke Road, Arlington Heights, Illinois 60004 (hereinafter “Borrower “) is firmly affixed to and made a part of a certain Revolving Line of Credit Note of the Borrower payable to the order of the Lender dated as of May 5, 2009 (hereinafter “Revolving Line of Credit Note “) in the original principal amount of Two Million Five Hundred Thousand and 00/100s Dollars ($2,500,000.00), as restated March 9, 2011 (hereinafter “Note”).

REVOLVING LINE OF CREDIT NOTE
Paylocity Holding Corp • January 30th, 2014 • Services-prepackaged software

FOR VALUE RECEIVED, the undersigned, PAYLOCITY CORPORATION, an Illinois corporation with its principal place of business at 3850 North Wilke Road, Arlington Heights, Illinois 60004 (the “Borrower”), hereby promises to pay to COMMERCE BANK & TRUST COMPANY, a Massachusetts banking corporation (the “Lender”), OR ORDER, at its office at 386 Main Street, Worcester, Massachusetts 01608, or such other place as the Lender may from time to time specify in writing, the principal sum of TWO MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($2,500,000.00) (or such lesser amount as may have been advanced to the Borrower from time to time hereunder and not repaid), with interest on the unpaid principal until paid at the rate and in the manner hereinafter provided in lawful money of the United States of America.

PAYLOCITY CORPORATION AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT
Investor Rights Agreement • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software • Illinois

THIS AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT (the “Agreement”) is entered into as of June 29, 2012 by and among Paylocity Corporation, an Illinois corporation (the “Company”), the Investors listed in EXHIBIT A to this Agreement (collectively, the “Investors” and each, without distinction among them, an “Investor”), Paylocity Management Holdings, LLC, a Delaware limited liability company (“Holdings”), and the Key Executives (as defined below).

PAYLOCITY CORPORATION AMENDED AND RESTATED RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT
Sale Agreement • January 30th, 2014 • Paylocity Holding Corp • Services-prepackaged software • Illinois

THIS AMENDED AND RESTATED RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT (this “Agreement”) is made and entered into as of June 29, 2012, by and among Paylocity Corporation, an Illinois corporation (the “Company”), Paylocity Management Holdings, LLC (“Holdings”), the persons and entities listed on EXHIBIT A attached hereto (the “Preferred Holders”) and the Key Executives (as defined below):

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • July 1st, 2022 • Paylocity Holding Corp • Services-prepackaged software • Delaware

This Separation and Release Agreement (“Agreement”) is made and entered into by and between Paylocity Corporation, a subsidiary of Paylocity Holding Corporation, a Delaware corporation (“Paylocity” or “Company”), and Mark Kinsey, an individual (“Kinsey”). Each of the Company and Kinsey is a “Party,” and, collectively, they are the “Parties.”

FURTHER AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • December 6th, 2013 • Paylocity Holding Corp • Services-prepackaged software • Illinois

THIS FURTHER AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of December 21, 2008, by and between Steven R. Beauchamp, of 26921 Countryside Lake Drive, Mundelein, Illinois 60060 (the “Employee”) and Paylocity Corporation, an Illinois corporation (the “Employer”). This Agreement further amends and restates the amended and restated employment agreement dated as of May 14, 2008 between Employee and Employer (the “Amended and Restated Agreement”).

EQUITY PURCHASE AGREEMENT By and Among PAYLOCITY CORPORATION, BLUE MARBLE PAYROLL, LLC, SAROWITZ 2018 FAMILY TRUST DATED 9/11/18 (AS AN EQUITYHOLDER), and ROEY BEN-YOSEPH (AS AN EQUITYHOLDER) Dated as of August 31, 2021
Equity Purchase Agreement • September 1st, 2021 • Paylocity Holding Corp • Services-prepackaged software • Delaware

THIS EQUITY PURCHASE AGREEMENT (the “Agreement”) is made as of August 31, 2021, by and among Paylocity Corporation, an Illinois corporation (the “Purchaser”), Blue Marble Payroll, LLC, an Illinois limited liability company (the “Company”), Sarowitz 2018 Family Trust dated 9/11/18 (as an Equityholder) (“Sarowitz Trust”), and Roey Ben-Yoseph (as an Equityholder).

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FIRST AMENDMENT TO CREDIT AGREEMENT AND SECURITY AGREEMENT
Credit Agreement and Security Agreement • August 22nd, 2022 • Paylocity Holding Corp • Services-prepackaged software • New York

THIS CREDIT AGREEMENT (as hereafter amended, the “Agreement”) is dated as of July 17, 2019 and is made by and among PAYLOCITY HOLDING CORPORATION, a Delaware corporation (the “Borrower”), each of the GUARANTORS (as hereinafter defined), the LENDERS (as hereinafter defined), and PNC BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Lenders under this Agreement (hereinafter referred to in such capacity as the “Administrative Agent”).

THIRD AMENDMENT TO LEASE
To Lease • November 21st, 2014 • Paylocity Holding Corp • Services-prepackaged software

This Third Amendment to Lease (“Amendment”) is made the 6th day of August, 2014 between 3850 WILKE L.L.C., an Illinois limited liability company (“Landlord”), and PAYLOCITY CORPORATION, an Illinois corporation (“Tenant”).

PAYLOCITY HOLDING CORPORATION RESTRICTED STOCK UNITS AGREEMENT (For U.S. Participants Executive and Board)
Restricted Stock Units Agreement • December 4th, 2023 • Paylocity Holding Corp • Services-prepackaged software • Illinois

Paylocity Holding Corporation has granted to the Participant named in the Notice of Grant of Restricted Stock Units (the “Grant Notice”) to which this Restricted Stock Units Agreement (the “Agreement”) is attached an Award consisting of Restricted Stock Units (each a “Unit”) subject to the terms and conditions set forth in the Grant Notice and this Agreement. The Award has been granted pursuant to and shall in all respects be subject to the terms and conditions of the Paylocity Holding Corporation 2023 Equity Incentive Plan (the “Plan”), as amended to the Date of Grant, the provisions of which are incorporated herein by reference. By signing the Grant Notice, the Participant: (a) acknowledges receipt of and represents that the Participant has read and is familiar with the Grant Notice, this Agreement, the Plan and a prospectus for the Plan prepared in connection with the registration with the Securities and Exchange Commission of the shares issuable pursuant to the Award (the “Plan Pro

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • November 3rd, 2017 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This Executive Employment Agreement (this “Agreement”) is made and entered into by Paylocity Corporation, an Illinois corporation (“Company”), and Toby J. Williams (“Executive”) effective as of September 18, 2017 (the “Effective Date”).

Transition and Separation Agreement
Transition and Separation Agreement • March 14th, 2022 • Paylocity Holding Corp • Services-prepackaged software • Delaware

This Transition and Separation Agreement (“Agreement”) is made and entered into by and between Paylocity Corporation, a subsidiary of Paylocity Holding Corporation, a Delaware corporation (“Paylocity” or “Company”), and Michael Haske, an individual (“Haske”) as of the last date set forth on the signature pages hereto. Each of the Company and Haske is a “Party,” and, collectively, they are the “Parties.”

MULTI-TENANT OFFICE LEASE AGREEMENT RPAI Schaumburg American Lane, L.L.C., as Landlord, and Paylocity Corporation, as Tenant. 1400 American Lane Schaumburg, Illinois
Office Lease Agreement • June 2nd, 2016 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This Office Lease Agreement is made and entered into as of the Effective Date by and between RPAI Schaumburg American Lane, L.L.C., a Delaware limited liability company, as Landlord, and Paylocity Corporation, an Illinois corporation, as Tenant.

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 14th, 2022 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This Amended and Restated Executive Employment Agreement (this “Restated Agreement”), which shall amend certain provisions of that Employment Agreement by and between Paylocity Corporation, an Illinois corporation (“Company”), and Ryan Glenn (“Executive”) dated as of August 16, 2021 (the “Original Agreement”), is made and entered into by the Company and Executive effective as of March 11, 2022 (the “Effective Date”). Each of the Company and Executive is a “Party,” and collectively, they are the “Parties.”

Consulting Services Agreement
Consulting Services Agreement • March 14th, 2022 • Paylocity Holding Corp • Services-prepackaged software • Delaware

This Consulting Services Agreement (“Agreement”) is entered into by and between Paylocity Corporation, a subsidiary of Paylocity Holding Corporation, a Delaware corporation (“Paylocity” or “Company”) and Michael Haske, an individual (“Haske”) as of the last date set forth on the signature pages hereto. Each of the Company and Haske is a “Party,” and, collectively, they are the “Parties.”

AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 14th, 2022 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This Amendment to Executive Employment Agreement (this “Amended Agreement”), which shall amend certain provisions of that Executive Employment Agreement by and between Paylocity Corporation, an Illinois corporation (“Company”) and Toby J. Williams (“Executive”) dated as of September 18, 2017 (“Original Agreement”), is made and entered into by the Company and Executive effective as of March 11, 2022 (“Effective Date”). Each of the Company and Executive is a “Party,” and collectively, they are the “Parties.”

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • December 6th, 2013 • Paylocity Holding Corp • Services-prepackaged software • Illinois

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of May 14, 2008, by and between Michael Haske, of 945 Burlington Avenue, Downers Grove, Illinois 60515 (the “Employee”) and Paylocity Corporation, an Illinois corporation (the “Employer”).

FIRST AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • August 14th, 2015 • Paylocity Holding Corp • Services-prepackaged software • Illinois

This First Amended and Restated Executive Employment Agreement (“Restated Agreement”), which shall amend and restate in its entirety the Employment Agreement by and between Paylocity Corporation, an Illinois corporation (“Company”) and Peter McGrail (“Executive”) dated as of August 5, 2010 (“Original Agreement”), is made and entered into by the Company and Executive effective as of February 7, 2014 (the “Effective Date”).

FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • December 6th, 2013 • Paylocity Holding Corp • Services-prepackaged software

This First Amendment (the “Amendment”) to the Amended and Restated Employment Agreement, dated May 14, 2008 (the “Agreement”), is made effective as of December 4, 2013 by and between Paylocity Corporation (the “Employer”) and Michael Haske (hereinafter referred to as the “Employee”).

FIRST AMENDMENT TO LEASE AGREEMENT
Lease Agreement • February 9th, 2024 • Paylocity Holding Corp • Services-prepackaged software

THIS FIRST AMENDMENT TO LEASE AGREEMENT (this "Amendment") is made effective as of the 18 day of January, 2017, by and between RPAI Schaumburg American Lane, L.L.C., a Delaware limited liability company ("Landlord"), and PAYLOCITY CORPORATION, an Illinois corporation ("Tenant").

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