Company: LRHC
Filing Date: 2025-07-21
Form Type: DEF 14C
Source: 0001213900-25-065863
Chunk: 29

Company: La Rosa Holdings Corp.
Filing Date: 2025-07-21
Form: DEF 14C
Chunk 29
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) “Non-statutory Stock Option” means
an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock Option.

(w) “Officer” means a person who is
an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

(x) “Option” means a stock option
granted pursuant to Section 6 hereof.

(y) “Parent” means a “parent
corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

(z) “Participant” means the holder
of an outstanding Award.

(aa) “Performance Goals” will have
the meaning set forth in Section 11 hereof.

(bb) “Performance Period” means any
Fiscal Year of the Company or such other period as determined by the Administrator in its sole discretion.

(cc) “Performance Share” means an
Award denominated in Shares which may be earned in whole or in part upon attainment of Performance Goals or other vesting criteria as
the Administrator may determine pursuant to Section 10 hereof.

(dd) “Performance Unit” means an Award
which may be earned in whole or in part upon attainment of Performance Goals or other vesting criteria as the Administrator may determine
and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10 hereof.

(ee) “Period of Restriction” means
the period during which transfers of Shares of Restricted Stock are subject to restrictions and, therefore, the Shares are subject to
a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance,
or the occurrence of other events as determined by the Administrator.

(ff) “Plan” means this Second Amended
and Restated La Rosa Holdings Corp. 2022 Equity Incentive Plan.

(gg) “Restricted Stock” means Shares
issued pursuant to an Award of Restricted Stock under Section 8 hereof, or issued pursuant to the early exercise of an Option.

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(hh) “Restricted Stock Unit” means
a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 9 hereof. Each Restricted
Stock Unit represents an unfunded and unsecured obligation of the Company.

(ii) “Rule 16b-3” means Rule 16b-3