Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 3191

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 10
Chunk 3191
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 Third Amended
Agent Plan, all participation in the 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 restricted stock units (the “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 Company’s 2022 Equity Incentive 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 Third 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 Third Amended Agent Plan.

The Third Amended Agent Plan
has three components:

    (1)
    Agent Equity Program. The Company’s Agent Equity Program (the “Agent Equity Program”) includes the following three 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