Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 3072

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9C
Chunk 3072
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 Program will vest equally over the 36-month period starting the month after the award is granted, with any remainder added to the last month of the vesting schedule. Participants who terminate their relationship with the Company during the vesting period will forfeit any unvested shares. If the Participant does not pay his or her annual or monthly dues pursuant to that certain independent contractor agreement signed by such agent and the Company or its Majority Subsidiary within 60 days of the due date, all remaining unvested shares will be forfeited.

72

Second Amended Agent
Plan

In September 2024, the Compensation
Committee of the Board approved the Second Amended and Restated La Rosa Holdings 2022 Agent Incentive Plan (“Second Amended Agent
Plan”), that became effective upon approval by the stockholders of the Company on November 19, 2024. The Second Amended Agent Plan
replaced the Amended Agent Plan in its entirety.

The Second Amended Agent Plan
had three 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 will be eligible to
    receive an RSU 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 calendar year, and (ii) remain with the Company for at least 12 consecutive months thereafter. Such RSUs will be granted
    to qualifying Participants on the last day of the month of the one-year anniversary of the date the Company verifies a Milestone
    has been achieved (the “Blue Diamond Grant Date”). The RSU will be equivalent to $2,000 on the Blue Diamond Grant Date,
    and the RSU value will be converted into shares of the Company’s Common Stock based on the volume weighted average closing
    price (“VWAP”) of the month of the Blue Diamond Grant Date based on the Company’s Common Stock on the Nasdaq Stock
    Market, rounded down to a whole share. For example, if the Company verifies a Milestone has been achieved on April 12, 2024, the
    Company will grant the Participant’s RSU on April 30, 2025.