Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 459

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 459
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 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. La Rosa is entitled to five weeks’ vacation per year. 

66

The employment agreement contains
covenants of Mrs. La Rosa concerning: (i) the confidentiality of Company information; (ii) the assignment of her work product to the Company;
(iii) her non-solicitation of Company clients or employees during her term of employment and for two years thereafter; and (iv) her non-disparagement
of the Company or its directors, officers and employees.

If her employment is terminated
under any circumstances other than a termination by the Company without cause or a termination by him for good reason (including a voluntary
termination by Mrs. La Rosa without good reason or a termination by the Company for cause or due to Mrs. La Rosa’s death or disability),
the Company’s obligations under the employment agreement will immediately cease and Mrs. La Rosa will only be entitled to receive:
(i) the Salary that has accrued and is unpaid and to which Mrs. La Rosa is entitled as of the effective date of such termination and to
the extent consistent with general Company policy; (ii) unreimbursed business expenses for which expenses Mrs. La Rosa has timely submitted
appropriate documentation; (iii) any target bonus earned and