Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 471

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 471
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 if such Participant: (i) recruits agents who become agents of the Company and
remain agents of the Company for at least 12 consecutive months, and (ii) remains with the Company for at least 12 consecutive months.
Such RSUs shall be granted for every agent recruited by a Participant. The Company will grant the awards of RSUs to the qualifying Participant
on the last trading day of the month of the first anniversary of the date that the Company verifies that a recruited agent has been with
the Company for one year. Such RSUs will vest equally over the 24-month period starting the month after the RSUs are issued, 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.

2.A Participant will receive RSUs that will have a value of $8,000 based
on the prior 30-day VWAP of the Company’s Common Stock on the Nasdaq Stock Market as of the last trading day prior to the date of
the grant, rounded down to a whole share if such a Participant: (i) recruits ten (10) agents in one fiscal year who become agents of the
Company and remain agents of the Company for at least 12 consecutive months, and (ii) remains with the Company for at least 12 consecutive
months. A Participant will receive an additional award under the same terms and qualifications for every multiple of ten (10) agents recruited
in one fiscal year. The Company will grant the awards of RSUs to the qualifying Participant on the last trading day of the month of the
first anniversary of the date that the Company verifies that the requisite number of recruited agents have been with the Company for one
year. Such RSUs will vest equally over the 24 month period starting the month after the RSUs are issued, 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