Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 917

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 917
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 the month following
the UP Cap Grant Date. Participants who terminate their relationship with the Company during the vesting period will forfeit any unvested
RSUs. If the Participant is required upon the terms of the Profit Share Plans, but does not pay his or her annual or monthly dues pursuant
to the independent contractor agreement signed by such agent and the Company or its Majority Subsidiary within 60 days of the due date,
all remaining unvested RSUs will be forfeited. The Ultimate Plan Cap program shall be effective as of January 1, 2024, meaning agents
who enroll or renew under the Profit Share Plans on or after January 1, 2024 and meet other requirements of this program, will be eligible
to receive an RSU.

73

    c.
    Recruiting:

    I.
    Participants in the Agent Equity Program will be eligible to receive
an RSU if they (i) recruit agents who become agents of the Company and remain agents of the Company for at least 12 consecutive months,
and (ii) remain with the Company for at least 12 consecutive months. Such RSU will be granted to a qualifying Participant on the last
day of the month of the one-year anniversary of the date the Company verifies the such Participant recruited the agent and is still with
the Company (the “Recruitment Grant Date”). The RSU will be equivalent to $200 on the Recruitment Grant Date for each agent
recruited, and the RSU value will be converted into shares based on the VWAP of the month of the Recruitment Grant Date based on the Company’s
Common Stock on the Nasdaq Stock Market, rounded down to a whole share. For example, if the Company verifies a Participant recruited an
agent on June 20, 2024 and that agent is still with the Company one year later, the Company will grant the Participant’s RSU on
June 30, 2025. RSUs will vest in 24 ratable installments in whole shares starting the month following the Recruitment Grant Date. Such
RSUs shall be granted for every agent recruited by a Participant that meet the eligibility criteria. Participants who terminate their
relationship with the Company during the vesting period will forfeit any unvested RSUs. If the Participant is required upon the terms
of the commission plan on which they are enrolled, but does not pay his or her annual or monthly dues pursuant to the independent contractor
agreement signed by such agent and the Company or