Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 209

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 209
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, amend the 2022 Plan or a stock award as provided under
the 2022 Plan, or terminate or suspend the 2022 Plan as provided therein. The Compensation Committee may also amend the 2022 Plan at any
time and from time to time. However, except for adjustments upon changes in Common Stock, no amendment will be effective unless approved
by our stockholders to the extent that stockholder approval is necessary to preserve incentive stock option treatment for federal income
tax purposes. The Compensation Committee may submit any other amendment to the 2022 Plan for stockholder approval if it concludes that
stockholder approval is otherwise advisable.

Unless sooner terminated,
the 2022 Plan will terminate ten years from the date of its adoption by our Board of Directors.

Agent Incentive Program

Amended Agent Plan

In March 2022, we have adopted,
as an adjunct to the 2022 Plan, our 2022 Agent Incentive Plan and Participation Election Form (“Original Agent Plan”), which
was further amended in April 2022. In March 2024, the Compensation Committee of the Board has approved an Amended and Restated 2022 Agent
Incentive Plan (the “Amended Agent Plan”), which replaced the Original Agent Plan in its entirety.

Pursuant to the Amended Agent
Plan, all participation in this Agent Plan is voluntary and no agent or broker will be penalized for not participating in the plan. The
Company may sell, and may, in the Compensation Committee’s absolute discretion, grant, shares of the Company’s Common Stock
or RSUs to all agents and brokers in good standing with the Company, including each of the Company’s majority owned subsidiaries
(the “Majority Subsidiaries”), who are defined as “consultants” under the 2022 Plan (“Participants”)
as a part of their, or as additional, compensation.

All agents and brokers in
good standing with the Company and each of the Company’s Majority Subsidiaries (as described in that certain independent contractor
agreement signed by such agent and the Company or its Majority Subsidiary) are eligible to participate in the Amended Agent Plan unless
they are licensed brokers, holding an equity interest in brokerage businesses, in which the Company also holds an equity interest. In
addition, employees or independent contractors hired by the Company as team leaders whose job description specifically includes recruitment
functions are precluded from participating in the recruiting portion of the Agent Equity Program of the plan