Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 2706

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9
Chunk 2706
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 amounts that were paid to Mr.
La Rosa. The Company will make any determination for claw back or recovery in its sole discretion and in accordance with any
applicable law or regulation. 

64

Mr. La Rosa’s employment
may be terminated by him or the Company at any time and for any or no reason with least 90 days advance written notice from the terminating
party. If Mr. La Rosa’s employment is terminated by his failure to renew his agreement, by the Company for “cause” (as
defined in the agreement) or by Mr. La Rosa without “good reason” (as defined in the agreement), then he will be entitled
to receive: (i) any accrued but unpaid Base Salary and accrued but unused paid time off; (ii) reimbursement for unreimbursed business
expenses properly incurred; and (iii) such employee benefits (including equity compensation), if any, to which he may be entitled under
the Company’s employee benefit plans as of the date of termination (“Accrued Amounts”), but he shall not be entitled
to any severance or termination payment.

If Mr. La Rosa’s employment
is terminated by his death or disability, the Company will pay him or his estate an amount equal to the sum 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