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					Paychex Receives Innovations in Employee Ownership Award - MarketWatch                                                 Page 1 of 3

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 Paychex Receives Innovations in Employee Ownership Award
 Payroll and HR services company recognized for ideas that make employee
 ownership strong

 Last Update: 2:00 PM ET Jun 19, 2007

                          ROCHESTER, N.Y., Jun 19, 2007 (BUSINESS WIRE) -- Paychex, Inc. has been honored with
                          a 2007 Innovations in Employee Ownership Award by the National Center for Employee
                          Ownership and the Beyster Institute. Paychex and four other winning companies were
 recognized for developing creative ways to build organization-wide ownership cultures that tap the entrepreneurial
 potential of their employee-owners. Paychex was the only public company among this year's award winners.

 Paychex was recognized for its multi-pronged equity compensation program that includes an employee stock
 purchase plan, a company stock fund in its 401(k), and a broad-based stock option program that covers well over 90%
 of the workforce. Employees take extensive advantage of the ability to invest in Paychex, and the company in turn
 invests in employees with award-winning training programs and outstanding benefits.

 "Paychex's executive officers and board of directors share a fundamental commitment to ensuring that all employees
 have an opportunity to share in the financial success of our company," said Will Kuchta, Paychex vice president of
 organizational development. "Our ownership culture means that Paychex employees are driven to making the
 company successful, creating a win-win for everyone."

 The Innovations in Employee Ownership Award is an annual award recognizing creative ideas that help make
 employee ownership stronger. Innovations can deal with employee participation, entrepreneurship, communication
 programs, education, plan design, or other ideas that strengthen employee ownership. The award is open to any
 company that promotes the spread of employee ownership or the development of best practices in employee

 About Paychex

 Paychex, Inc. (PAYX : 40.21, -0.06, -0.1%) is a leading provider of payroll, human resource, and benefits outsourcing
 solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including
 payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and
 Readychex(R). Human Resource Services include 401(k) plan recordkeeping, workers' compensation administration,
 section 125 plans, a professional employer organization, time and attendance solutions, and other administrative
 services for business. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has                  MOST
 more than 100 offices and serves approximately 543,000 payroll clients nationwide. For more information about
 Paychex and our products, visit
 About The NCEO and The Beyster Institute
 The NCEO is a private, non-profit membership and research organization that serves as the leading source of
 accurate, unbiased information on employee stock ownership plans (ESOPs), equity compensation plans such as                     3.
 stock options, and ownership culture. It is the main publisher and research source in the field.                                4.

 The Beyster Institute at the Rady School of Management, University of California, San Diego focuses on training,                5.
 education, and consulting to advance employee ownership and entrepreneurship. The Institute actively assists
 individual companies in creating or enhancing employee ownership and participation programs.                                    6. 6/20/2007
Paychex Receives Innovations in Employee Ownership Award - MarketWatch                                   Page 2 of 3

 SOURCE: Paychex, Inc.
 Paychex, Inc. Becky Cania, 585-387-6337 Public Relations Program Manager Copyright             8.
 Business Wire 2007


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