Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 206

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 206
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 option without the approval of the stockholders of the Company. For this purpose, “reprice”
means: (i) any of the following or any other action that has the same effect: (A) lowering the exercise price of a stock option after
it is granted, (B) any other action that is treated as a repricing under U.S. generally accepted accounting principles, or (C) cancelling
a stock option at a time when its exercise price exceeds the fair market value of the underlying Common Stock, in exchange for another
stock option, restricted stock or other equity, unless the cancelation and exchange occur in connection with a merger, acquisition, spin-off
or other similar corporate transaction; and (ii) any other action that is considered to be a repricing under formal or informal guidance
issued by the exchange or market on which the Company’s Common Stock then trades or is quoted. In addition to, and without limiting
the above, the Compensation Committee may permit the voluntary surrender of all or a portion of any stock option granted under the 2022
Plan to be conditioned upon the granting to the participant of a new stock option for the same or a different number of shares of Common
Stock as the stock option surrendered, or may require such voluntary surrender as a condition precedent to a grant of a new stock option
to such participant. Subject to the provisions of the 2022 Plan, such new stock option will be exercisable at such option price, during
such option period and on such other terms and conditions as are specified by the Compensation Committee at the time the new stock option
is granted. Upon surrender, the stock options surrendered will be cancelled, and the shares of Common Stock previously subject to them
will be available for the grant of other stock options.

69

Termination of Employment
or Consulting. The incentive stock options will lapse and cease to be exercisable upon the termination of service of an employee or
director as defined in the 2022 Plan, or within such period following termination of service as determined by the Compensation Committee
and set forth in the related award agreement; provided, further, that such period will not exceed the period of time ending on the date
three (3) months following termination of service. Non-incentive stock options are governed by the related award agreements.

Tax Withholding. To
the extent provided by the terms of an option or other award, a participant may satisfy any federal, state or local tax withholding obligation
relating to the exercise of such option