LEAVE OF ABSENCES

Ryan Specialty’s Long-Term Disability Program Summary

The Ryan Specialty Long-Term Disability (LTD) program is available to all active full-time employees, which is generally full-time employees who work at least thirty (30) hours a week. The LTD benefit begins once the Short-Term Disability benefit has been exhausted, i.e. after being out for thirteen (13) consecutive weeks due to disability or illness.

Ryan Specialty has purchased an LTD insurance policy, pursuant to which the LTD insurance carrier pays claims. The LTD insurance policy contains benefit exclusions and additional terms, conditions, and limitations that may be applicable to your eligibility, claims, or benefits under the LTD program. Questions regarding the specific terms of the policy are governed by the LTD policy documents, which may be obtained from Human Resources.

Once you are approved by the LTD insurer, the LTD benefit will replace 60% of total earnings up to a maximum of $10,000 per month, less any deductible sources of income. Total earnings do not include commissions, bonuses, overtime pay, or some other types of extra compensation. The benefit duration for LTD will continue until one of the following events occurs:

1. You no longer meet the applicable definition of disability or disabled under the LTD insurance program, or you fail to return to work when able, you die, you fail to submit proof of disability, or another event described in the LTD policy occurs; or

2. You have reached the maximum benefit duration period shown below (provided you continue to remain disabled, as defined under the applicable LTD policy documents):

Once you qualify for LTD, the following will occur:

• Your employment status will be changed to an unpaid leave status, and as such, you will not be eligible for Ryan payroll continuation or bonus payments;

• Your accrual of all forms of paid time off while on LTD will cease;

• You will not be eligible for holiday pay; and

• LTD benefits will be paid directly from the LTD insurer for as long as you remain eligible for benefits.

After six (6) months of LTD benefits, Ryan Specialty will work with you and your medical provider to evaluate your medical status and discuss next steps regarding benefits and employment. Employment status determinations will be made after evaluating your ability to return to work, any request for a reasonable accommodation, and other relevant information. All employment determinations will be made in accordance with applicable laws. Ryan Specialty reserves the right to terminate your employment after six (6) months of LTD benefits if, based on the information provided, it determines there is no reasonable likelihood of return to active employment or if any ongoing leave will be indefinite.

Disclosures

To the extent any information contained in this LTD Program Summary conflicts with the LTD insurance policy in effect at the applicable time, the LTD insurance policy shall control, which as of this LTD Program Summary revision date is:

Insurer: ReliaStar Life Insurance Company
LTD Policy Title: Group Long Term Disability Income Insurance Certificate of Coverage
Group Policy Number: 71724-0LTD2011

From time-to-time, it may be necessary for Ryan Specialty to change its policies, benefits, and programs. For that reason, the Ryan Specialty reserves the right to review, amend, withdraw, replace, reinterpret, alter this program, or introduce a new program at any time.

Nothing herein shall be construed to be a guarantee of continued employment for any specified period of time. Employment remains at-will at all times.

If you have any questions, please reach out to HR@ryansg.com.

This LTD Program Summary was last revised March 2025.