KELYA Kelly Services Inc

On March 31, 2022, Kelly Services, Inc. (the “Company”), based on the authorization of its Compensation and Talent Management Committee, entered into an Employment Agreement (the “Employment Agreement”) with Olivier G. Thirot, the Company’s Executive Vice President and Chief Financial Officer. The parties entered into the Employment Agreement for purposes of documenting the compensation arrangements applicable to Mr. Thirot following his relocation to Switzerland and is effective commencing as of December 27, 2021. The Employment Agreement, which is governed by Swiss law, provides for a base salary equivalent to Mr. Thirot’s current base salary payable in Swiss francs and includes severance provisions intended to replicate the benefits provided to Mr. Thirot as a Tier 2 participant under the Company’s Senior Executive Severance Plan, which is limited to executive employees residing in the United States. Mr. Thirot will continue to participate in the Company’s Short-Term Incentive Plan and Equity Incentive Plan. He will no longer participate in the Company’s Management Retirement Plan, but will be provided with certain retirement benefits under his Employment Agreement in accordance with Swiss law.