Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1773

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1773
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 of: (i) the Accrued Amounts;
and (ii) a payment equal to the product of (i) the Target Bonus and (ii) a fraction, the numerator of which is the number of days that
he was employed by the Company during the year of termination and the denominator of which is the number of days in such year (the “Pro
Rata Bonus”). If Mr. La Rosa’s employment is terminated other than for cause, non-renewal of his employment agreement
by the Company or if he terminates the agreement for good reason, he will receive from the Company: (i) a lump sum payment of $2,500,000;
(ii) the Accrued Amount; (iii) Company reimbursement health insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation
Act of 1985 (“COBRA”) until the earliest of: (a) the eighteen month anniversary of the date of his termination of employment;
(b) the date that he is no longer eligible to receive COBRA continuation coverage; and (c) the date on which he receives 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.