Company: LRHC
Filing Date: 2025-11-24
Form Type: 8-K/A
Source: 0001213900-25-113796
Chunk: 8

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-24
Form: 8-K/A
Chunk 8
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Pursuant to the terms
of the Amended Employment Agreement, the Company will pay Mr. La Rosa an annual base salary of $500,000, which will be reviewed at least
annually by the Board and increased (but not decreased) upon such review. Mr. La Rosa will also be eligible to receive a bonus with respect
to a calendar year on the terms and in the amount as may be approved by the Compensation Committee of the Board (“Compensation Committee”)
in its discretion.

Mr. La Rosa is also entitled
to receive fringe benefits, to participate in all employee benefit plans, practices, and programs maintained by the Company, as in effect
from time to time, and to reimbursement for out-of-pocket business, entertainment, and travel expenses incurred in connection with his
performance as executive of the Company. Any amounts payable under the Amended Employment Agreement are subject to any policy established
by the Company providing for claw back or recovery of amounts that were paid to Mr. La Rosa. The Compensation Committee will make any
determination for claw back or recovery in its sole discretion and in accordance with any applicable law or regulation.

The Amended Employment
Agreement is for an initial term ending December 31, 2027, which term will be automatically extended, upon the same terms and conditions,
for successive periods of one (1) year. The Amended Employment Agreement may be terminated by Mr. La Rosa or the Company at any time and
for any or no reason with at least 45 days advance written notice from the terminating party. If Mr. La Rosa’s employment is terminated
by the Company for “cause” (as defined in the agreement), Mr. La Rosa will be entitled only to accrued and unpaid base salary
through the date of termination.

If Mr. La Rosa’s
employment is terminated by his failure to renew his agreement, or by Mr. La Rosa without “good reason” (as defined in the
Amended Employment Agreement), then he will be entitled to receive: (i) a sum equal to 60 days’ of base salary (“Lump Sum Payment”), paid in a lump sum no later than one week after the end of the Release Execution and Recission Period (as defined
in the Amended Employment Agreement); (ii) any accrued but unpaid base salary and accrued but unused paid time off; (iii) reimbursement
for unreimbursed business expenses properly incurred; and (iv) such equity compensation and employee benefits, if any, to which he may