Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 2002

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 2002
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 regular wages or supplemental wage payments an amount based on the ordinary income recognized.
Subject to the requirement of reasonableness, the provisions of Section 162(m) of the Code and the satisfaction of a tax reporting obligation,
we will generally be entitled to a business expense deduction equal to the taxable ordinary income realized by the participant.

Upon disposition of the stock,
the recipient will recognize a capital gain or loss equal to the difference between the selling price and the sum of the amount paid for
such stock plus any amount recognized as ordinary income with respect to the stock. Such gain or loss will be long-term or short-term,
depending on whether the stock has been held for more than one year.

Section 162(m) of the Code
denies a deduction to any publicly held corporation for compensation paid to certain senior executives of our Company (referred to as
a covered employee) in a taxable year to the extent that compensation to such employees exceeds $1,000,000. It is possible that compensation
attributable to awards, when combined with all other types of compensation received by a covered employee from our Company, may cause
this limitation to be exceeded in any particular year.

70

Modification; Amendment;
Termination. The Compensation Committee may adopt, establish, amend and rescind such rules, regulations, and procedures as it may
deem appropriate for the proper administration of the 2022 Plan, make all other determinations which are, in the Compensation Committee’s
judgment, necessary or desirable for the proper administration of the 2022 Plan, amend the 2022 Plan or a stock award as provided under
the 2022 Plan, or terminate or suspend the 2022 Plan as provided therein. The Compensation Committee may also amend the 2022 Plan at any
time and from time to time. However, except for adjustments upon changes in Common Stock, no amendment will be effective unless approved
by our stockholders to the extent that stockholder approval is necessary to preserve incentive stock option treatment for federal income
tax purposes. The Compensation Committee may submit any other amendment to the 2022 Plan for stockholder approval if it concludes that
stockholder approval is otherwise advisable.

Unless sooner terminated,
the 2022 Plan will terminate ten years from the date of its adoption by our Board of Directors.

Agent Incentive Program

Amended Agent Plan

In March 2022, we have adopted,
as an adjunct to the 2022 Plan, our 2022 Agent Incentive Plan and Participation Election Form