Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 2838

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 2838
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 approved an Amended and Restated 2022 Agent
Incentive Plan (the “Amended Agent Plan”), which replaced the Original Agent Plan in its entirety.

Pursuant to the Amended Agent
Plan, all participation in this Agent Plan is voluntary and no agent or broker will be penalized for not participating in the plan. The
Company may sell, and may, in the Compensation Committee’s absolute discretion, grant, shares of the Company’s Common Stock
or RSUs to all agents and brokers in good standing with the Company, including each of the Company’s majority owned subsidiaries
(the “Majority Subsidiaries”), who are defined as “consultants” under the 2022 Plan (“Participants”)
as a part of their, or as additional, compensation.

All agents and brokers in
good standing with the Company and each of the Company’s Majority Subsidiaries (as described in that certain independent contractor
agreement signed by such agent and the Company or its Majority Subsidiary) are eligible to participate in the Amended Agent Plan unless
they are licensed brokers, holding an equity interest in brokerage businesses, in which the Company also holds an equity interest. In
addition, employees or independent contractors hired by the Company as team leaders whose job description specifically includes recruitment
functions are precluded from participating in the recruiting portion of the Agent Equity Program of the plan. Only individuals who provide
their social security number to the Company’s Stock Plan Administrator software are eligible. No business entities can participate
in the Amended Agent Plan.

The Amended Agent Plan had
two components:

    (1)
    Agent Equity Program: The Company’s Agent Equity Program (the “Agent Equity Program”) includes the following two components:

    a.
    Blue Diamond: Participants in the Agent Equity Program who: (i) close more
    than 20 sale transactions or make more than $6,000,000 gross sales volume in verified listing or buy-side transactions (the “Milestones,”
    and each a “Milestone”) with the Company and its Majority Subsidiaries in a given fiscal year, and (ii) remain with the
    Company for at least 12 consecutive months thereafter, will receive RSUs equivalent to $2,000 based on the prior 30-day volume weighted
    average closing price (“VWAP”) of the Company’s Common Stock on the Nasdaq Stock Market as of the last trading
    day prior to the Grant Date (as defined below