RESTRICTED STOCK UNIT AGREEMENT
PURSUANT TO THE
RYAN SPECIALTY GROUP HOLDINGS, INC. 2021 OMNIBUS INCENTIVE PLAN
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Participant: [●]
Grant Date: [●]
Number of Restricted Stock Units Granted: [●]:
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THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between Ryan Specialty Group Holdings, Inc., a corporation organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the Ryan Specialty Group Holdings, Inc. 2021 Omnibus Incentive Plan, as in effect and as amended from time to time (the “Plan”), which is administered by the Committee; and
WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units (“RSUs”) provided herein to the Participant.
NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows:
3.14.22
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If the six-month delay rule applies, payment in settlement of the RSUs shall instead be made on the first business day after the date that is six months following the Participant's separation from service (or death, if earlier), with interest from the date such payment would otherwise have been made at the short-term applicable federal rate, compounded semi-annually, as determined under Section 1274 of the Code, for the
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month in which payment would have been made but for the delay in payment. During the six-month delay period, accelerated payment will be permitted in the event of the Participant’s death and for no other reason (including no acceleration upon a Change in Control) except to the extent permitted under Section 409A of the Code.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.
RYAN SPECIALTY GROUP HOLDINGS, INC.
By:
Name:
Title:
[Signature Page to Restricted Stock Unit Agreement]
THE PARTICIPANT
Name:
[Signature Page to Restricted Stock Unit Agreement]
Appendix A
Stock Award Deferral Election Form
(Omitted)