Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1556

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 1556
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 prior to the
second anniversary date of the agreement unless it is sooner terminated.

Mr. Metzroth received a base salary of $330,000 per year (the “Salary”).
In addition, Mr. Metzroth was eligible, following the end of each calendar year beginning with the 2023 calendar year, to receive an annual
performance bonus targeted of up to 50% of the his Salary based upon periodic assessments of his performance as well as the achievement
of specific individual and corporate objectives determined by the Board of Directors or the Compensation Committee after consultation
with Mr. Metzroth and provided to him in writing no later than the end of the first calendar quarter of the applicable bonus year. The
target bonus must be approved by the audit and Compensation Committee. The minimum amount of such an annual bonus shall be equal to $25,000.
No amount of annual bonus is guaranteed, and Mr. Metzroth must be an employee on December 31 of the applicable bonus year in order to
be eligible for any annual bonus for such year.

Pursuant to his employment
agreement, on February 1, 2024, Mr. Metzroth was granted a non-qualified stock option to purchase 359,120 shares of the Common Stock of
the Company, vesting immediately and exercisable for 10 years at the exercise price per share equal to the Nasdaq Official Closing Price
as of January 31, 2024.

Mr. Metzroth is also entitled
to receive other benefits generally available to other Company employees (which may include, among other things, a Company’s sponsored
retirement plan) and he will be reimbursed for his documented and approved expenses related to the business of the Company. Mr. Metzroth
is entitled to five weeks paid vacation per year.

The employment agreement contains
covenants of Mr. Metzroth concerning: (i) the confidentiality of Company information; (ii) the assignment of his work product to the Company;
(iii) his non-solicitation of Company clients or employees during his term of employment and for two years thereafter; and (iv) his non-disparagement
of the Company or its directors, officers and employees. If his employment is terminated under any circumstances other than a termination
by the Company without cause or a termination by him for good reason (including a voluntary termination by Mr. Metzroth without good reason
or a termination by the Company for cause