Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1572

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 1572
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, with any remainder added to the
last month of the vesting schedule. Participants who terminate their relationship with the Company during the vesting period will forfeit
any unvested shares. If the Participant does not pay his or her annual or monthly dues pursuant to that certain independent contractor
agreement signed by such agent and the Company or its Majority Subsidiary within 60 days of the due date, all remaining unvested shares
will be forfeited.

    (2)
    Discretionary Bonus Program: All Participants in the Discretionary Bonus Program (the “Bonus Program”) are to be eligible for a grant of RSUs in the Compensation Committee’s discretion. The Compensation Committee or its designee may, from time to time, review the performance of Participants who achieve outstanding results in their endeavors for the Company and may grant RSUs to such Participant without payment by such Participant. All RSUs granted under the Bonus Program will vest equally over the 36-month period starting the month after the award is granted, with any remainder added to the last month of the vesting schedule. Participants who terminate their relationship with the Company during the vesting period will forfeit any unvested shares. If the Participant does not pay his or her annual or monthly dues pursuant to that certain independent contractor agreement signed by such agent and the Company or its Majority Subsidiary within 60 days of the due date, all remaining unvested shares will be forfeited.

72

Second Amended Agent
Plan

In September 2024, the Compensation
Committee of the Board approved the Second Amended and Restated La Rosa Holdings 2022 Agent Incentive Plan (“Second Amended Agent
Plan”), that became effective upon approval by the stockholders of the Company on November 19, 2024. The Second Amended Agent Plan
replaced the Amended Agent Plan in its entirety.

The Second Amended Agent Plan
had three components:

    (1)
    Agent Equity Program. The Company’s Agent Equity Program (the “Agent Equity Program”) includes the following two components:

    a.
    Blue Diamond: Participants in the Agent Equity Program will be eligible to
    receive an RSU who: (i) close more than 20 sale transactions or make more than $6,000,000 gross sales volume in verified listing
    or buy-side transactions (the “Milestones,” and each a “Milestone”) with the Company and its Majority Subsidiaries
    in a given