Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 2400

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7A
Chunk 2400
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 the event of change in control of the Company (whether or not Mr. Santos is retained
by a successor entity), the Company shall pay to Mr. Santos in a single lump sum an amount of $100,000.

Deana La Rosa

On January 31, 2024, we entered
into an employment agreement with Mrs. Deana La Rosa to act as our Chief Operating Officer as of the February 1, 2024, the effective date
of his agreement. The employment agreement was for an initial term of one year and shall be automatically extended thereafter, upon the
same terms and conditions, for successive periods of one (1) year, unless and until either party provides written notice of its intention
not to extend the term of the agreement at least 45 days prior to the applicable renewal date.

Mrs. La Rosa receives a base
salary of $250,000 per year (the “Salary”). In addition, Mrs. La Rosa is eligible, following the end of each calendar year
beginning with the 2024 calendar year, to receive an annual performance bonus targeted of up to 50% of the her Salary based upon periodic
assessments of her 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 Mrs. La Rosa and provided to her 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 Compensation Committee. No amount of target bonus is guaranteed,
and Mrs. La Rosa 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 her employment
agreement, on February 1, 2024, Mrs. La Rosa shall be granted a non-qualified stock option to purchase 300,000 shares of the Common Stock,
vesting immediately and exercisable (including by cashless exercise) for 10 years at the exercise price per share equal to the Nasdaq
Official Closing Price as of January 31, 2024. In addition, Mrs. La Rosa may be entitled to receive equity incentive awards inside or
outside of any established equity plan of the Company in the amounts, within the timeframes and under the terms set by the Compensation
Committee in its sole discretion. Mrs. La Rosa will be reimbursed for her reasonable, documented and approved expenses related to and
for promoting the business of the Company. Mrs