Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 2705

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9
Chunk 2705
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 the total outstanding shares
of Company Common Stock which will be payable to the extent the applicable performance goals are achieved which goals and payment matrices
will be set by the Compensation Committee of the Board. Mr. La Rosa may be eligible to receive other bonuses throughout the calendar
year in the amount and based on the terms approved by the Compensation Committee of the Board.

Mr. La Rosa is also
entitled to receive: (i) annual long term equity awards of stock options or restricted stock units (the “RSUs”) to
purchase at least 1% of outstanding shares of Common Stock each calendar year vesting in equal installments over twelve (12) months,
commencing on the date of grant, under an equity incentive plan of the Company on the terms and conditions determined by the
Compensation Committee of the Board, (ii) milestone equity awards pursuant to the equity incentive plan of the Company, based on
achieving the following milestones: (a) 900,000 shares, as of December 7, 2023 and vesting 100% on the date of grant; (b) 200,000
shares upon the closing of each acquisition after December 7, 2023; (c) 500,000 shares upon the Company achieving a first time total
market valuation of $100 Million; (d) 500,000 shares upon the Company achieving a first time total market valuation of $250 Million;
(e) 200,000 shares upon the Company achieving a positive EBITDA for the first time in any full calendar year; and (f) 500,000 shares
upon the Company achieving a positive EBITDA of $10 Million for the first time in any calendar year, and (g) for every $1,000,000
raised by the Company through financing, Mr. La Rosa shall be granted an equity award equal to 2% of the outstanding shares of
Common Stock, such award to be issued under the equity incentive plan of the Company and upon consummation of such financing. He is also
entitled to receive perquisites including a corporate automobile, cellular telephone, health and disability insurance and
participation in the Company’s 401(k) plan. Mr. La Rosa will be entitled to 40 days of annual vacation plus Company observed
holidays per calendar year and will be reimbursed for his business travel expenses. Any amounts payable under the employment
agreement are subject to any policy established by the Company providing for claw back or recovery of