Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 3171

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 10
Chunk 3171
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 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 or due to Mr. Metzroth’s death or disability), the Company’s obligations under the
employment agreement will immediately cease and Mr. Metzroth will only be entitled to receive: (i) the Salary that has accrued and is
unpaid and to which Mr. Metzroth is entitled as of the effective date of such termination and to the extent consistent with general Company
policy; (ii) unreimbursed business expenses; (iii) any bonus earned and approved by the Board but not yet paid; (iv) any amounts or benefits
to which he is then entitled under the terms of the benefit plans then-sponsored by the Company; and (v) compensation for all accrued
but unpaid and untaken vacation days. If Mr. Metzroth’s employment is terminated by the Company without cause or by him for good
reason, the Company will: (i) continue to pay his Salary for a period of six months, and (ii) pay him, in a single lump sum an amount
in cash equal to the