Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 3269

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 11
Chunk 3269
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 substantially
similar coverage from another employer or other source; and (iv) the treatment of any outstanding equity awards shall be determined in
accordance with the terms of the 2022 Equity Incentive Plan.

The Company has agreed to
indemnify Mr. La Rosa to the fullest extent permitted by applicable law and the Company’s bylaws. As a condition of his employment
with the Company, he executed the Company’s employee non-compete agreement.

On October 1, 2024, Mr.
La Rosa assumed the role of Interim Chief Financial Officer upon the departure of Kent Metzroth on September 1, 2024. Mr. La
Rosa’s received no further compensation for the assumption of the duties and responsibilities.

Kent Metzroth 

On November 1, 2022, we entered
into an employment agreement with Mr. Kent Metzroth to act as our Chief Financial Officer as of the effective date of his agreement, which
was subsequently amended on November 15, 2022, May 17, 2023, August 15, 2023, and February 1, 2024. The employment agreement is for an
initial term of two years and shall renew for another one-year period thereafter if the parties consent thereto in writing 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. Metz