Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1342

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 1342
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termination by Mrs. La Rosa without good reason or a termination by the Company for cause or due to Mrs. La Rosa’s death or disability),
the Company’s obligations under the employment agreement will immediately cease and Mrs. La Rosa will only be entitled to receive:
(i) the Salary that has accrued and is unpaid and to which Mrs. La Rosa is entitled as of the effective date of such termination and to
the extent consistent with general Company policy; (ii) unreimbursed business expenses for which expenses Mrs. La Rosa has timely submitted
appropriate documentation; (iii) any target bonus earned and approved by the Board but not yet paid; (iv) any amounts or benefits to which
she is then entitled under the terms of the benefit plans then-sponsored by the Company; and (v) any other payments required by applicable
law.

If Mrs. La Rosa’s employment
is terminated by the Company without cause or by her with good reason, the Company shall: (i) continue to pay her Salary for a period
of six months, and (ii) pay her, in a single lump sum all Accrued Obligations (as defined in the employment agreement).

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth
information concerning outstanding equity awards held by the NEOs of the Company as of December 31, 2024:

    Option Awards  
    Stock Awards 
  
    Name 
    Number of securities underlying unexercised options (#) exercisable 
    Number of securities underlying unexercised options
(#)
 unexercisable  
    Equity incentive plan awards: Number of securities underlying unexercised unearned options (#)  
    Weighted
 Average
 Option
 exercise
 price ($)  
    Earliest

                                            Option
 expiration
 date  
    Number of shares or units of stock that have not vested (#)  
    Market value of shares or units of stock that have not vested (#)  
    Equity incentive plan awards: number of unearned shares, units or other rights that have not vested (#)  
    Equity incentive plan awards: market or payout value of unearned shares, units or other rights that have not vested ($) 

    Joseph La Rosa, CEO 
     3,234,065 
               —  
    —  
    $1.54  
     12/7/2033  
     —  
     —